Dive into the shark tank, and also you may simply emerge with $100,000 and Mark Cuban as your new greatest pal.
No less than, that’s the shorthand model of the end result from last Friday’s episode of Shark Tank, wherein Seattle startup You Kick Ass appeared on the present. You Kick Ass, which might take any photograph and make you right into a superhero action determine, walked away with “The Gamechanger” Cuban as their investor: $100,000 for a ten p.c stake of their firm.
What put them excessive? Cuban stated he sees You Kick Ass as greater than a producer. He sees them as a “tech firm,” with proprietary software program that he might help them develop. (Beforehand on GeekWire: Want to be a superhero action figure? This startup is making it happen)
Right here, one of the You Kick Ass creators, Keri Andrews, tells GeekWire what it was like pitching to the Sharks and why she in the end selected Cuban:
What was the expertise like?
It was each exhilarating and really nerve-wracking! Presenting to the Sharks was scary as a result of we’ve seen them tear aside so many different entrepreneurs on the present. Then after we taped the present, we needed to wait to see if they’d air it. So many issues can occur that will stop them from displaying our phase, so we needed to stability between making ready for the present whereas making an attempt to not over-prepare in case issues fell by means of.
How did you select your Shark, and what do you hope to achieve from the expertise/investment?
We did our analysis earlier than we introduced to the Sharks in order that we knew what every Shark’s strengths have been. We have been hoping to strike a take care of somebody who would perceive expertise and would additionally have the ability to join us with different firms we might probably companion with.
Had been you shocked you bought so many provides, and why do you assume Mark Cuban is the perfect match?
Our important purpose was to not make fools of ourselves on nationwide tv. We have been ecstatic to get three provides! Mark appeared to be significantly sturdy with licensing offers and software program, and we had heard that he’s very seen in selling the companies he works with. We had watched sufficient episodes of Shark Tank to know that Mark doesn’t bluff when he says he gained’t give any additional provides, and likewise that if a Shark provides you what you requested for, you’d higher take it or issues can go downhill in a short time. So when Mark supplied what we had requested for, we took it.
I believe anyone of them would have been nice, frankly. Robert [Herjavec] and Lori [Greiner] have been so nice on the present. I want we might have finished a take care of a number of Sharks. The deal that Kevin [O’Leary] introduced to us would have taken cash out of the corporate upfront, and that will have been difficult for us, however he is aware of each expertise and toys, so I’d say all of them had actually constructive qualities.
What has occurred because the present aired in phrases of your corporation?
I don’t assume most individuals realized this, however the present filmed again in September. After we introduced to the Sharks, we have been nonetheless creating our product and we have been pretty early on within the course of, however we’ve now launched our product and made a bunch of enhancements to it. We took the suggestions from the Sharks to make our product higher, and now we’re fairly proud of the outcomes. You’ll be able to see up to date pictures on our website and place orders now.
Watch the women of You Kick Ass current to the Sharks under: