Shark Tank: MTailor Earns offers from Daymond John and Kevin O’Leary however Walks Away with out both
February 12, 2016
techcrunch.com
remaining into the tank is MTailor in quest of $ 2.5 million for 10 p.c fairness.
MTailor gives males customized garb, just by getting measured through your telephone. The camera measures in under 5 minutes.
Having run into supply-chain concerns, he seeks an investment from the sharks to assist with these problems. The sharks see worth in licensing the expertise, then again, the founder desires to utilize it as a way to build their model. The sharks additionally question his valuation.
Social reactions from MTailor’s appearance on Shark Tank:
$ 2.5 million for 10% for #MTailor! that’s steep however beautiful cool know-how! #SharkTank
— Marcus LANGFORD (@BodyBldrMarcus) February 13, 2016
#Mtailor #SharkTank this guys perspective is something else
— Nana (@nbsweet19) February 13, 2016
primary reason behind trade failure: being unteachable. #mtailor #SharkTank
— Angel (@UrbnHealthNP) February 13, 2016
After going from side to side with Chris Sacca, he goes out. Barbara Corcoran doesn’t see a “shame factor” in him so goes out. regardless of no longer “liking”him, Daymond John offers $ 2.5 million for 17.5 % with a push for licensing. After giving a counter provide and having differing perspectives, John goes out.
Kevin O’Leary offers $ 2.5 million as debt with seven % on the loan, for two.5 percent fairness. Mark Cuban then goes out.
Declining O’Leary’s supply, O’Leary retorts that “he’s a useless shirt strolling.”
remaining deal: None.
Would you use MTailor?
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