He asked Byron, slightly menacingly, if he was claiming the sales were so impressive that the business was worth the million dollar price tag. Kevin O’Leary wasn’t looking quite so comfortable about Byron’s valuation of $1 million. Lori confirmed it was very cozy and tried the bed too, agreeing with Byron that it was an excellent product. She sat down in it and Robert Herjavec asked if it was comfortable. Lori Greiner wanted to try the beanbag out for herself. Byron unzipped the case of the beanbag, and pulled out the insides, and announced to the interested looking sharks ‘And there’s a bed inside’.
He revealed that the super soft foam filling was designed to support the body evenly because it had no pressure-points, but that wasn’t all. The friendly and positive entrepreneur launched straight into his polished and well-presented pitch by telling the sharks that the CordaRoy’s beanbag was the most comfortable bean bag on the market, ‘It’s like sitting on a cloud’ he asserted. When Byron entered the tank, in March 2013, he was hoping to gain a $200,000 investment for 20% equity in the CordaRoy’s business. The producers were impressed by his enthusiastic and likable personality and surprised the beanbag businessman by accepting him there and then. In mid-2012 Byron attended a local casting audition for Shark Tank but had no real hope of being successful. The CordaRoy’s business made steady and consistent sales, eventually, Byron managed to outsource the manufacturing process to a third-party but still found he had no additional funds to market his product. He looked for additional investment at conventions across America but was unable to attract a new partner. Although he could only make five units per day initially, he was easily able to sell them. From a bean-bag to a bed, as easy as 1-2-3īyron launched the CordaRoy’s company and spent those early days making bean bags himself in his garage.
0 kommentar(er)
