Shark Tank: R. Riveter handbags Made with the aid of armed forces Spouses Earns funding from Mark Cuban for $one hundred,000

by way of Erica Abbott February 5, 2016

February 5, 2016

First into the tank is R. Riveter seeking $ a hundred,000 for 20 p.c fairness.

With a motto of “we can Do It” from Rosie the Riveter, R. Riveter helps empower militia spouses through making handbags. The mobile employment permits military wives who are all the time on the go to contribute quite a lot of pieces to a better whole.

Their current goal market is armed forces supporters and are expecting $ four hundred,000 income with an funding from the sharks. Their buyers have heard about them through media coverage and phrase-of-mouth.

Social reactions from R. Riveter’s appearance on Shark Tank:

Mark Cuban finds their “uniqueness manufacturing” attention-grabbing, as does Robert Herjavec. They hope to use the funding for affiliate marketing online.

Daymond John doesn’t consider they want an funding and feels as though he can’t add worth so goes out. Kevin O’Leary then makes a suggestion of exactly what they’re on the lookout for, as does Herjavec. Cuban then jumps in with the same offer, with financing for inventory incorporated. Lori Greiner goes out for believing that she can’t add price.

They accept Cuban’s offer.

last deal: Mark Cuban for $ a hundred,000 for 20 percent, with a line of credit included.

Would you buy an R. Riveter bag?

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