'Shark Tank': Black Sands Entertainment closes $500K deal, fans wish them a 'bright future'

Black Sands Entertainment's pitch impressed Kevin Hart and Mark Cuban on 'Shark Tank'


                            'Shark Tank': Black Sands Entertainment closes $500K deal, fans wish them a 'bright future'
Black Sands Entertainment Founders Teunis De Raat, Manuel Godoy and Geiszel Godoy with Kevin Hart and Mark Cuban on 'Shark Tank' (ABC)
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From food products to dating app services, ABC's award-winning entrepreneurial show 'Shark Tank' has featured entrepreneurs pitching for their various products and services across all categories except for the creative endeavors. The recently aired episode witnessed a Black-owned comic book publishing house and budding animation brand making its big debut on the show.

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Black Sands Entertainment founded by husband and wife duo Manuel Godoy and Geiszel Godoy alongside Teunis De Raat, stepped into the tank seeking a whopping $500,000 for a 5% stake in their brand. The trio explained their brand's mission of inclusivity and to educate people on Black history and culture through their work. After tasting success in the publishing world, the brand was eyeing the animation and entertainment industry, so they entered the tank seeking for capital to work on their big plans. The pitch instantly grabbed the attention of guest Shark Kevin Hart and also Mark Cuban.

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Black Sands Entertainment Founders Teunis De Raat, Manuel Godoy, and Geiszel Godoy on 'Shark Tank' (ABC)

 

The brand's numbers and evaluation sounded good to Kevin, who felt that his addition as an investor would add a huge value to the brand. He pointed out how he's a "one stop shop" that could help Black Sands Entertainment with production, animation, and even marketing, thus ensuring the success of the brand. Kevin also noted the importance of the work they were doing so felt extremely passionate about partnering with them. Mark too saw potential in the brand and hopped on saying he could help with the technology aspect. So Mark and Kevin together rolled out an offer of $500,000 in exchange for a 30% equity stake in the brand.

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Manuel wasn't keen on giving away so much of the equity so he tried making a counteroffer with a lower equity stake but with a royalty clause added to make it appealing to the Sharks. The Sharks pointed out how the real money would come in when the brand bags a movie or series deal and not by selling comics, so they felt that the royalty deal wouldn't work for them. Finally Manuel agreed to the Sharks' offer for 30% stake and closed the deal.

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Fans were pleased with Manuel's decision and hoped to see the brand become a huge success. A fan tweeted, "Nice! Look out for Black Sands Entertainment! It is about to explode! #SharkTank." Another fan wrote, "I'm rooting so hard for Black Sands Entertainment. I bought books from him a couple of years ago and I continue to support his work. I like the characters, art, and stories. The community invested in this project before #SharkTank." "I don't read comic books, but Black Sands Entertainment was interesting. #SharkTank," commented a fan.

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Kevin Hart on 'Shark Tank' (ABC)

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"YESSSSSS CONGRATS TO BLACK SANDS COMICS!!!!!! They made it on Shark Tank and Kevin Hart and Mark Cuban have have officially invested!!!!! Soooo happy for them and their bright future!!! #sharkTank," shared a fan. "Love that deal for Black Sands! You can tell Kevin was passionate about working with them. His IP arguments was sound and they do fit perfectly into what he’s already doing. Hope to see Variety reporting that they got a season order or Cartoon Network one day! #SharkTank," expressed a hopeful fan.

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'Shark Tank' Season 13 airs every Friday at 8/7c on ABC. Missed an episode? Been wanting to catch up? Episodes can also be viewed the next day on demand and on Hulu. Not just that, you can also watch old seasons and episodes on Amazon Prime Video and iTunes.

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