Moms Christy Barany and Courtney Turich came up with a packable cover that unfolds to make a clean surface area for babies to crawl and play on the ground. Will they earn a deal on
Shark Tank Monkey Mat Update
- Entrepreneurs: Christy Barany, Courtney Turich
- Business: Portable floor mat
- Ask: $100,000 in exchange for 30% equity
- Result: $100,000 in exchange for 35% equity
- Sharks: Mark Cuban, Lori Greiner
Christy and Courtney’s product is a lightweight fabric mat with weighted corners, that folds up small and comes in a zippered bag for easy packing. Monkey Mats came to be after Christy witnessed her babies crawling on a dirty airport floor, and the thought of germs on their hands horrified her!
In its first year, the product had $60,000 in sales through the official website, plus about 50 other brick and mortar storefronts and online shops. The sharks were surprised to hear that the mat retailed for $40. Courtney said they were made in China at a cost of $14, once customs and shipping were factored in.
Robert Herjavec said the $40 price tag would greatly limit their market, so he was out. Kevin O’Leary, agreed and went out next. Barbara Corcoran said the blankets were too small, the dark colors weren’t hip, and she agreed that they shouldn’t cost more than $10.
Lori Greiner asked Mark Cuban to go in with her on an offer for $100,000 in exchange for 35% equity. She said that she and Mark had connections that could help get the costs down. The women agreed to the deal, but what happened next for their company? Keep reading our Monkey Mat update to find out!
Would you like to learn about the other companies featured on Season 5 Episode 22? Follow the links below for our other company updates from the episode.
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!