Little kids are known to want independence long before they can achieve it. Talia Goldfarb found that out the hard way when her son was potty training and wanted to snap his pants closed all by himself, but couldn’t do it on his own. That’s why she came up with a belt solution perfect for little hands. Will the sharks want to cinch up a deal on
Shark Tank Myself Belts Update
- Entrepreneurs: Talia Goldfarb
- Business: Belts for kids
- Ask: $60,000 for 10% equity
- Result: $75,000 for 25% equity
- Sharks: Daymond John
The only one-handed belt available in the market. Myself Belts is a comfortable kid's belt that offers great fashion and function along with unmatched comfort and durability.
She told the sharks that MyselfBelts could take a variety of paths, including licensing. While the sharks seemed to understand Talia’s vision, they were more interested in talking numbers.
Talia explained that Myself Blets had been in business for nearly a decade at the time of filming. In that most recent year, she had generated $205,000 in gross revenue sales.
Unimpressed with Myself Belts, Kevin O’Leary decided to drop out without making an offer.
Lori Greiner lacked faith in the product itself and Talia, so she went out next.
Robert Herjavec and Mark Cuban dropped out for similar reasons.
However, Daymond was interested and decided to make an offer of $75,000 for 25% equity.
Talia countered Daymond at 20% equity. After Daymond declined the counteroffer, Talia accepted the original deal.
What became of this business next? Keep reading our Myself Belts update!
We have good news to share! Research for our Myself Belts update revealed that Daymond helped Talia expand her product line and there are now tons of belt designs available along with options for teens.
Our Myself Belts update also found that Daymond helped her secure a licensing deal, which has helped increase revenue.
If you’d like to find out more about the other companies appearing in Season 6 Episode 7, follow the links below for our other company updates.
For even more on companies and products, stop by our Season 6 Products Page!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!