Nick Gonzales and Kevin Mack created a tattoo removal light that could be used at home. Will they earn a deal on
Shark Tank Neo Innovations Update
- Entrepreneurs: Nick Gonzales and Kevin Mack
- Business: Tattoo removal light for home use
- Ask: $80,000 for 20% equity
- Result: No deal
- Shark: None
Nick and Kevin introduced their company, Neo Innovations. They demonstrated their primary product, Black Magic IPL, which was named for using “intense pulse light” to break up tattoo pigment under a user’s skin. While this is typically done in a medical setting, their product was marketed for home use.
Kevin O’Leary was not convinced that the average person was qualified to determine the correct intensity without frying themselves. When he asked about sales, the Neo Innovations duo shared that they had sold approximately 700 units. At $139.999, this wasn’t awful, but it also didn’t seem like Mr. Wonderful was looking to wet his beak.
It didn’t take long for all of the sharks to drop out. They each stated concerns about safety and liability issues. With no offers from the sharks, the guys were forced to leave the tank without a deal. What happened next for the company? Keep reading our Neo Innovations update!
The company continued to sell their product after the tank, but reviews were mixed regarding its safety and effectiveness. In 2021, Neo Innovations closed their site and sales were discontinued. As of today, they are out of business. This will be our final New Innovations update.
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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!