Mad Rabbit Tattoo Update | Shark Tank Season 12
Mad Rabbit Tattoo appeared on
Shark Tank Mad Rabbit Tattoo Update
- Entrepreneurs: Oliver Zak and Selom Agbitor
- Business: Tattoo aftercare
- Ask: $500,000 for 5% equity
- Result: $500,000 for 12% equity
- Shark: Mark Cuban
Oliver Zak and Selom Agbitor pitched Mad Rabbit Tattoo on
In 2019, Oliver and Selom managed to sell $400,000 worth of tattoo aftercare cream, but in the eight months prior to appearing on
At the time of the pitch, Oliver and Selom had 5,000 subscribers, that pay $11.99 a month to have a cream sent to them. It currently costs $2.78 to make the cream and costs around $6-$7 to acquire a customer.
All of this was enough to interest Kevin O’Leary and Mark Cuban, both of whom made offers on Mad Rabbit Tattoo. Kevin offered $500,000 as a loan at 9.75% interest for 5% equity, while Mark offered $500,000 for 12% equity. After thinking it through some, Oliver and Selom accepted Mark’s offer and Mad Rabbit Tattoo left
In terms of a Mad Rabbit Tattoo update, the company has launched a sunscreen that will protect your tattoo from getting burnt. Further, Oliver and Selom are likely working with Mark behind the scenes to expand their online presence and reduce their customer acquisition cost.
Further, with Mark’s help, Mad Rabbit Tattoo was able to partner with Inked Magazine, which is the #1 tattoo media brand. The future looks very bright for Oliver and Selom!
For more Episode 18 company updates, be sure to check the links below.
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