This content was created by Nate Tilley. This content was uploaded by Nate Tilley. This is a YouTube video titled "Tapping into the $110M market #sharktank" featuring a pitch by Lucas for his company, Glossyboys, which offers a 3-in-1 nail polish pen targeted at the men's market in Australia. The pitch includes sales figures and market potential, followed by a discussion with a potential investor who decides not to invest due to the early stage of the concept.
Chapters
When I was 12 years old, I really wanted to paint my nails. But buying nail polish as a guy can kind of suck. Just going into that big pink pharmacy, I didn't feel welcome. That's why I started Glossyboys. In just the nine months of trading, we've done $67,000 in sales with a gross profit margin of 64%. Hi, I'm Lucas and this is my company, Glossy Boys. Glossy boys is a 3 in 1 down nail polish pen, meaning that there's no need for a top or base coat. You just paint straight on and dry. We're tapping into the $110 million market. I'm offering 5% for $25,000 and your help and support. Is it more durable than your average to go out and skateboard? And these nails generally last around two to three weeks. It's way more durable than your average nail polish.
You mentioned in the pitch that the market for men's Nail Polish is 110 million. Is that globally or is that just here in Australia?
Believe it or not, that's just here in Australia.
Wow. I think that in order to have a shark that's invested, our time is incredibly valuable, more than our money. And the mentorship that you're going to need to really be able to scale this up. Still too early as a concept. So for that reason, I'm out.
