'Shark Tank': Lil Advents walks away with no deal despite $320k in sales till date
Transitioning from diapers to toilets isn't easy for kids. And it can be just as stressful for adults. Thankfully, there is a quick fix to the problem -- Lil Advents. This advent style calendar helps kids adjust to a routine and makes the process easier through an incentive-based format.
As Lil Advents steps into the tank, will they be able to bag a deal with Mark Cuban, Robert Herjavec, Kevin O'Leary, Lori Greiner, and Daymond John? Let's find out!
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Mindy and Brandon Wright the founders and CEO of Lil Advent were hoping to bag a $300k deal for 15% equity in their company. The couples walked in with some impressive numbers to boot -- they had made $320k to date and over $200k the previous year.
The product retails at $24.99 and $6.66 to make. Both Mindy and Brandon Wright know how to make a business work, seeing that they have multiple businesses together and even scaled one to $8 million.
The sharks were unsure why they wanted a shark, but the couple explained that they wanted to branch out into retail with a shark. Mindy also explained that they just landed a licensing deal with Hasbro, giving them access to their wide range of characters.
However, even this wasn't enough, as Mark Cuban was the first to drop out, stating that his days of having to potty train are far behind. Daymond John noted that he 'didn't get it' and also backed out. Kevin O'Leary warned them that taking the brand out to retail was not the way ahead as 'retail was out' and so was he. Lori Greiner and Robert Herjavec also followed suit, wishing the couple luck. The sharks were sure that the couple had what it takes to scale the business on their own, with or without a shark, and fans echoed the same sentiment. "Lil Advents, interesting Idea, I'm sure they will make it #SharkTank" tweeted a fan. "These entrepreneurs are so positive in the face of adversity. That is inspiring, @LilAdvents! #SharkTank" noted another. "#SharkTank. I am not surprised they walked out w/o a deal. I didn’t think the cat toy idea would get a partner either honestly. I am happy for anyone who has the steadfastness, ingenuity, and confidence to swim w/these sharks though!" said a fan.
Lil Advents, interesting Idea, I'm sure they will make it #SharkTank
— Lance Becvar (@Dadsonpowermode) April 16, 2022
These entrepreneurs are so positive in the face of adversity. That is inspiring, @LilAdvents! 👏🏽👏🏽👏🏽 #SharkTank
— Ryan Bartholomee (@RyanBartholomee) April 16, 2022
#SharkTank. I am not surprised they walked out w/o a deal. I didn’t think the cat toy idea would get a partner either honestly. I am happy for anyone who has the steadfastness, ingenuity, and confidence to swim w/these sharks though!
— Maureen 'mo' Amos (@ldydemon) April 16, 2022
'Shark Tank' Season 13 Episode 20 airs on ABC on April 15, 2022, at 8 pm ET. Catch the latest episode featuring products like Browndages, Lil Advents, HairFin and Cat Amazing
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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