Noel Durity came onto
Shark Tank Twist It Up Comb Update
- Entrepreneurs: Noel Durity
- Business: Hair Combing Accessory
- Ask: $225,000 for 15% equity
- Result: $225,000 for 25% equity
- Sharks: Daymond John and Mark Cuban
A single comb costs Noel about $3.50 to manufacture and sells for about $30 per unit. In the last four months, the company has done more than $100,000 in sales, according to Noel. Due to the ongoing pollution crisis that is forcing manufacturing delays in China, he is still hoping to hit current year sales projections of over $500,000. Noel also admitted to the sharks that 70% of the company’s current sales came from online.
Robert Herjavec was the first shark to drop out because he admitted that he simply didn’t understand or have a sense of how the product would be used. Daymond John and Mark Cuban decided to make an offer of $225,000 offer for 25% equity, contingent on getting a licensing deal. If no licensing deal became effective, Mark pledged to pick up the leftovers and do the identical deal to step in for Daymond.
Ultimately, Noel decided to accept the deal from Daymond and Mark.
Let’s see how our Twist It Up Comb update looks now. The good news is that the appearance on
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