![]() However, he stated that if a license could be arrange, he would do the deal with Daymond but that, even if Daymond backed out, he could do it on his own.ĭaymond agreed to "partner" with Mark and the entrepreneurs agreed to take on both sharks as partners. Mark, perhaps seeing a large and underserved market in the Health and Beauty segment, offered to come in with Daymond. However, his deal was specifically contingent on being able to make licensing deals otherwise he would back out. He offered $225,000 to take the product and license it out to other manufacturers in return for 25% equity in the business. The entrepreneur stated that the company was currently in conversation with both CVS and Sally's Beauty Supply to carry the product (though no indication of the current status of negotiations was given).ĭaymond jumped in to make a deal. Robert exited the deal early, saying that he just did not understand the product. The entrepreneur claims that the company is experiencing inventory problems that are having an effect on sales and has sold through their inventory seven times. The entrepreneur is looking for an investor to help build a steady inventory. In terms of marketing, the company has spent $18,000 to acquire the majority of their online customers through Facebook advertising. However, even so, the entrepreneur projects that the business will see $500,000 in gross sales by the end of the year. The entrepreneur admitted that the biggest growth issue is that the mess that makes up the active grooming aspect of the comb is manufactured and sold overseas and that there have been manufacturing issues with the supplier. In the last month, the company has made $41,000 in gross sales alone although the entrepreneur admitted that he could not cite a net number. From January to April of the year in which this deal aired, Twist It Up Combs has sold $101,000 thus far. In the first year, the company sold $95,000 worth of product. The Twist It Up Comb sells for $29.95 per unit, including shipping, and costs only $3.50 per item to manufacture. It also means that people with this hair type need not resort to hair damaging chemicals to style their hair. Unlike hair picks that pull at the hair when there's a tangle, the Twist It Up Comb compresses the hair keeping it neat and stylish at all times since it can be kept in a back-pocket just like a hair pick. The idea behind Twist It Up Combs is to work specifically with "afro-centric" hair that grows up rather than out and down. Twist It Up Combs is a company that manufacturers and sell combs intended for "afro-centric" hair. The anti-static feature makes it smooth out frizz easier and eliminate pesky flyaways.Equity Deal Sharks: Daymond John & Mark Cuban Unlike the comb which made of metal, our comb never causes static electricity. It won’t bend under pressure when trying to coil/twist longer hair. Lightweight and portable size easily touch up your hair on the go everywhere and anytime. This comb fits most common pants, pockets, or purses. Rotate the comb to follow your curl pattern, your hair passes through the holes of the comb and gently coils/twists the hair from the roots up.īe a fashion-conscious person with your lustrous, thick, and coarse hair! Especially suitable for Afros, curls, coils, and dreadlocks. Woven square pattern is easier to grasp and protects your hair from being pulled. Also maintains an ideal hair hydration level instead of dry out your hair like sponges do. Our comb is made of a hard plastic frame, which is washable, bacteria-free, and more sanitary than twisting sponges. Combined with both traditional combing and Afro twisting features, it defines your curls either in 2 cool hairstyles – Trendy whirlpool or neat/straight styles.
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