‘Shark Tank’: Mad Rabbit founders score a deal with Mark Cuban but why was Lori Greiner's offer snubbed?
One thing that completely floored the Sharks was the company's sales! Mad Rabbit now boasts of a $10 million valuation
Do you have a tattoo? Are you facing trouble to keep your tattoo revitalized. On the latest episode of ‘Shark Tank’, entrepreneurs from Cleveland, Ohio, and Accra, Ghana, work to draw up support for their aftercare product designed to enhance your tattoo.
Founded by two friends — Oliver Zak and Selom Agbitor — with a passion for ink, Mad Rabbit was set up to create a superior natural solution for tattoo lovers. As the two entered the ‘Shark Tank’ stage, their pitch impressed the Sharks but Barbara Corcoran, Daymond John and Kevin O'Leary were quick to say no.
One thing that completely floored the Sharks was the company's sales. Mad Rabbit now boasts of a $10 million valuation. In 2019, their sales were $400,000 and last year, it crossed $3 million, recording a 650% increase.
Lori Greiner expressed her interest and made an offer. Well, that was expected as she earlier also invested in Neo Mag Light, a laser that lets you remove tattoos at home. Mark Cuban was the only other Shark who made an offer to the founders. Commenting on how the Sharks were surprised to hear about the mind-blowing sales, one fan said, “The sharks trying to find the secret sauce to #MadRabbit and just don't understand: the tattoo industry is BANK.”
“Are you crazy, what are you doing?” Daymond John uttered as soon as he saw the two leaning a little more towards Lori. Talking about the moment, one fan posted, “Mad Rabbit was about to make @TheSharkDaymond mad when the guys looked over to @LoriGreiner while @MCuban's offer was dangling. LOL!!!”
#MadRabbit was about to make @TheSharkDaymond mad when the guys looked over to @LoriGreiner while @MCuban's offer was dangling. LOL!!! #SharkTank #tattoo #entrepreneurs #startup #successmindset #tattooartist @ABCSharkTank— iDefineTV (@iDefineTV) March 27, 2021
As a last chance, the two asked if Mark would like to work with Lori and he turned it down. “Mark, you got a deal,” they said and took his offer. Fans were particularly in awe of the end result and thought the two had a great future.
“These young adults are killing it! #MadRabbit with a deal from @mcuban will grow even more exponentially!” one fan said. Another posted, “The deals made tonite have been really dignified! The concept of tattoo tours & making vibrant colors of existing tattoos is a really good idea but w/the money they are making not sure why they needed a Shark.”
That was not all. Eagle-eyed fans could not help but notice Barbara while the guys pitched their product. “The way Barbara almost fainted when that guy in the video was massaging his pecs,” one tweet read.
#SharkTank The deals made tonite have been really dignified! The concept of tattoo tours & making vibrant colors of existing tattoos is a really good idea but w/the money they are making not sure why they needed a Shark.— Maureen 'mo' Amos (@ldydemon) March 27, 2021
‘Shark Tank’ Season 12 Episode 9 returned to ABC after the winter break on January 8, 2021, at 8 pm ET. Catch the latest episode featuring products like NuMilk, Hairy Grabster, Mad Rabbit and Bunch Bikes on March 26, 2021, from 8 pm ET to 9 pm ET.
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.