Teddy, Logan, and Austin all came onto
Shark Tank Kanga Update
- Entrepreneurs: Teddy Giard, Logan Lamance, and Austin Maxwell
- Business: Beverage Coolers
- Ask: $100,000 for 10% equity
- Result: $100,000 for 20% equity
- Sharks: Mark Cuban
Since Kanga’s only been operating for about six months at the time of the
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Mark Cuban was quick to make an offer to Kanga, offering $100,000 for 20% equity. He didn’t want to negotiate or delay, though. The good news is that Teddy, Logan, and Austin quickly accepted Mark’s offer and secured the deal.
The other sharks didn’t even have a chance to make an offer because Mark was so interested in partnering. While the deal resulted in the entrepreneurs having to forfeit more equity than originally desired, they seemed very happy to secure a deal with Mark so quickly.
Now that we know that Mark Cuban was the shark that partnered with Kanga, let’s get a present-day Kanga update to see how the college students have managed to handle their company since appearing on Season 10.
In our Kanga update research, we found that the business has rapidly grown since the episode aired and sales numbers have also skyrocketed. It’s estimated that Kanga is generating about $3 million in sales per year and may reach a higher milestone by the end of the year.
You can find the other company updates from Season 10 Episode 18 here:
Don’t forget to take a look at our Season 10 products page! We’ve got more company updates from