Davey pitched a combination-skin skincare brand that hit $115,000 in revenue in nine months. The dual-formula multi mask targets the T-zone and U-zone separately. Three investors competed: Sabri Suby offered $56,000 for 30%, Davie Fogarty offered $36,000 for 30%, and Robert Herjavec offered $50,000 for 27%.
Questions this video answers
Nine months
$115,000 in nine months
$36,000 for 20% equity
$56,000 for 30% (comprised of $36,000 cash + $20,000 marketing support)
$36,000 for 30% equity
Chapters
We launched only nine months ago and we've done $115,000 in revenue just in that nine months. And when we launched, our TikTok was flooded with comments saying, thank you for making something for combination skin. People genuinely feel left out and forgotten about. And now they don't need to be. A multi mask with two formulas in one jar. Use the T Zone whipped butter to control excess oil and clear congestion on your nose and forehead. And use the super soothing U Zone jelly to calm hormonal blemishes and hydrate your cheeks and jaw. I'm seeking 36,000 doll for a 20% stake. I'm going to hand it out to you now.
Great branding.
Yes, great branding, Great name.
Packaging looks awesome. I'm so nervous. My hands are like shaking, holding.
Oh, my God.
You're doing a great job, mate.
So at the moment there's no one else that has a product for Combination skin like this?
There are products for combination skin, but there's no dedicated brand just for Combination skin.
Love that.
Tell me your monthly sales each month for the last three months so I.
Can tell you quarter on quarter is 4500-1100-2600-0555,000.
First of all, incredible job that you're asking for. Too little money.
Wow.
I'd like to offer you $56,000 for 30% of the business. That would be $36,000 in cash and $20,000 in marketing support with my agency.
I wouldn't take that offer. So, Davey, this is a brutally competitive space, but that being said, I think I would like to make an offer. It would need to be $36,000 for 30%.
I do like what Sabri said. I'd like to use some of the money for inventory and try some of the money for paid advertising. So I'll give you $50,000 for 27%.
And just why the paid advertising investment from you, Robert, would be actual cash.
Cyber has a great agency, but I like to keep the options open.
All right, if you really want to blow this thing up to a whole nother level, you're going to need to master the paid acquisition process. And that's something that I'm a master at.
I'll do 50,000 for 20% if you say yes right now. Good job. I'll give you a hard.
