The optimistic entrepreneurs arrived on “Shark Tank” seeking a $300,000 investment in exchange for 15% equity. In addition to a heartwarming pitch, their numbers were very impressive. From 2005 to 2011, M3 Girl Designs surpassed a whopping $5 million in sales at 1,000 stores across the nation (via Shark Tank Blog). In a rare full sweep, all of the Sharks were interested in investing.
As someone who started out as a young entrepreneur, Lori Greiner was the first to make an offer. She reeled in Kevin “Mr. Wonderful” O’Leary to join her as a silent partner in offering $300,000 for a 30% stake in the company. From there, more negotiations between the Sharks followed. While Daymond John bowed out, Mark Cuban, Robert Herjavec, O’Leary, and Greiner tried to figure out a way to partner. Eventually, O’Leary got kicked out of the QVC maven’s deal.
In the end, Greiner, Cuban, and Herjavec offered the original counter-offer once again: 30% of M3 Girl Designs in exchange for a $300,000 investment. The Bradshaw ladies accepted — but not before Margot could set the adorable negotiation terms. In addition to $300,000, she asked Cuban — owner of the Dallas Mavericks — for season tickets. He offered his luxury suite instead, and their deal was sealed.
Post source: The List
