![]() ![]() ![]() 1, 2018 /PRNewswire-PRWeb/ - It's beginning to look a lot like Christmas – only way cooler. Like this story? Subscribe to CNBC Make It on YouTube!ĭisclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank.DENVER, Nov. ![]() "They will sell like hot cakes," Corcoran said of Ski-Z.ĭon't miss: 'Shark Tank': Why Mark Cuban invested $640,000 in this company that sells empty boxes And you're not a very good boy," she added, wagging her finger. "But you should have made that part of your deal, because in essence, you're asking for 50 and another 50. Allen, though, wanted to confirm with Corcoran that if they ended up needing a $50,000 line of credit, she'd be willing to help them with that too. Then Daymond John jumped in, offering $50,000 for 20 percent. Cuban then said he'd help them out with their decision by declaring that he was out.Ĭorcoran said she would be insulted if they didn't take her offer. But to the Sharks' surprise, the entrepreneurs didn't immediately accept. In addition to the years-long sales slump, the entrepreneurs also told the Sharks that five years ago, Allen had mortgaged his house to buy inventory (which horrified Mark Cuban) - and they still had $350,000 worth of product left.īarbara Corcoran, who has tweeted about her own ski trips in the past, saw potential and offered exactly what they came into the tank asking for: $50,000 for a 15 percent stake in the company. The bad luck just kept coming, and the duo failed to make any money with Ski-Z. The business had to take a backseat in the years that followed: Palermo was diagnosed with cancer and Allen was blindsided by a divorce. In its first year of sales in 2013, Palermo and Allen sold $230,000 worth of the product in four months. ![]() Ski-Z started out with a bang, the co-founders told the investors. ![]()
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