Bianca Wittenberg and her father developed an adapter and a hose that quickly allows individuals to access their pool water in the event of an unexpected fire. She’s seeking $150,000 for 15% equity. The sharks seemed interested, but it’s admittedly a niche business idea. Let’s see if she can strike a deal before we cover the Fire Fighter 1 update after
Shark Tank Fire Fighter 1 Update
- Entrepreneurs: Bianca Wittenberg
- Business: Fire Fighting Hose
- Ask: $150,000 for 15% equity
- Result: $150,000 for 25% equity
- Sharks: Mark Cuban and Lori Greiner
A single unit from Fire Fighter 1 costs about $500 for customers to purchase. The landing manufacturing costs are just over $100 per unit. While the margins seemed reasonable, the sharks weren’t sure just how common this type of product would be needed.
Since the product seemed to be directed at such a niche market, several of the sharks dropped out.
One of the problems was that Bianca’s business was so new. The company had only existed for a few months and launched in February 2022. With less than 50 units sold, there was no doubt that the lifetime sales numbers were incredibly small.
Lori Greiner and Mark Cuban decided to team up and offer $150,000 for 25% equity. Bianca quickly accepted their offer and a preliminary deal was established between Fire Fighter 1 and the pair of sharks.
Let’s quickly discuss the Fire Fighter 1 update now that the episode has aired!
The truth is that the company’s product is incredibly niche, so it may not be super successful even after appearing on
The good news is that with two sharks on her team, Bianca will be able to spread the word about her company faster than she would have been able to! We will keep you posted on future Fire Fighter 1 updates! In the meantime, you can learn more on its official website.
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