Shark Tank: Coconut Lady Accepts $180,000 From Mark Cuban

miguelcruz30 / Pixabay

When Frankie Yamsuan started a journey of fresh consuming, she wished to discover a strategy to fulfill her candy tooth with out growing her waistline. By combining all-natural components comparable to coconut milk, honey, dates, and maple syrup, the dairy and gluten-free Coconut Lady ice cream sandwich was born. Though her ice cream sandwiches usually are not low in energy, Frankie is concentrated on incorporating all-natural components to supply higher gas to her physique somewhat than consuming empty energy. By combining the almond butter cookies with the coconut milk-based middle, the Coconut Lady ice cream sandwich is a more healthy different to a conventional ice cream sandwich.

Coconut Lady is hoping to safe an funding of $180,000 in change for 18% fairness within the firm. This money infusion would permit her to drive down uncooked materials prices and safe a brand new co-packer for manufacturing her product. Frankie has already begun to promote to big-box retailers in California however has not expanded her market exterior of California resulting from logistical problems with making an attempt to ship her product. With the assistance of a Shark, Frankie feels assured that she’s going to have the ability to develop each the manufacturing and demand for her merchandise throughout the nation.

After style testings the Coconut Lady product, it was clear that many Sharks had been interested by partnering with Frankie, nonetheless, Mark Cuban was the primary Shark to strike. Citing his well being life-style and model picture, Mark feels strongly that he may get behind the Coconut Lady product and broaden the model. As Mark does when he will get actually excited a couple of product, he prolonged a proposal to Frankie however wished her to decide straight away with out listening to any of the opposite Sharks’ affords. Though Lori Greiner and Kevin O’Leary tried to sneak different affords in, Mark and Frankie agreed to a $180,000 funding in change for 20% fairness in Coconut Lady.

What do you consider Mark Cuban’s provide and partnership with Coconut Lady? Do you assume that it’s truthful of him to place entrepreneurs on the spot and never permit them to entertain different affords with out threat of dropping his? If you happen to had been Frankie would you might have accepted his provide? Begin the dialog within the feedback beneath!

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *