This content was created by Nate Tilley. This content was uploaded by Nate Tilley. This is a YouTube video titled "$150K Shark Tank deal #sharktank" featuring a pitch for Woolly Grooming, an Australian-made vegan hair styling product line. The pitch is made by Speaker A, who seeks $150,000 for 15% equity. Sabri, a potential investor, engages in a negotiation, ultimately agreeing to invest $150,000 for 40% equity with a $2 royalty until the investment is repaid.
Questions this video answers
$150,000 for 15% equity.
Sabri agreed to invest $150,000 for 40% equity with a $2 royalty until the money is repaid.
A range of all-natural, Australian-made hair styling products that are 100% vegan.
Chapters
I designed this brand to be as lazy proof as possible. Woolly Grooming is a range of all natural Australian made hair styling products for both men and women. That's 100% vegan and I'd like to share with you guys and see how you feel about themselves, please. So first I'll start with you, Robert. Hello. This is our sea salt spray. This is her sea salt spray in bergamot and vanilla. This is our bergamot curl cream. Because of your finer hair texture, I created a perfect solution for you as well.
I hope you have a perfect solution for me.
I can't work miracles, unfortunately. The name Wooly actually comes from my culture. It actually comes from the dialect. Bambara means to wake up, get up and grow up. The whole ethos of the brand is to really awaken the best version of yourself every day. Today I'm seeking $150,000 for 15% equity in my business. Do you have sales background? No.
You fooled me. I'm a dude. First of all, the packaging, the branding is great. This smells incredible.
Thank you.
So can you tell us a little bit about the product, how it works? Is this a before and after photo that we can see here?
When you have curly hair in particular, the things that you are really fighting every day is frizz, breakage, everything that the elements throw at you. This stops that that's happening in the tracks. What it does is, as you can see, it keeps those curls nice and soft and defined.
I come from a huge family. I have seven aunties, 33 first cousins, and all of them have hair that look like that. Then you started to speak and it was like magic to my ears. And then the valuation that you're giving your business was a bit of a kick, but I can see that you're a winner. This is going to be a slog. I am going to make you an offer. I will offer you all of the money, but I will need 45% of the business and a $2 royalty until the money's paid back.
Sabri, thank you for that. Would you consider a counteroffer of 30% equity for 150,000 with the royalties inclusive?
I know how much work's going to be required from myself, but I will meet you at 40%.
Deal.
Yay. Well done. You did a great job. We're going to blow this up.
