![]() ![]() Mark indicates that he is interested in the potential for growth in valuation and in the source of their customer acquisition. Robert enjoys the product but is dissatisfied with their level of experience he also exits. Lori likes the spectacles, but not the unproven and unknown aspect of the business he’s out. Kevin is curious as to how much cash they have on hand, and they estimate that they have roughly $38,000 each month for 24 months.ĭaymond exits. The gentlemen are looking for assistance in developing a brand. Lori is concerned that they are unfamiliar with the goods. Konrad and Kevin claim to be here to work out a deal. They had pre-order sales of $70,000 therefore Daymond believes that they are merely in the Tank for publicity. They explain that the frames will cost $27 and the lenses will cost $10. ![]() The gentlemen demonstrate their virtual reality try-on capability. Lori believes that the patent has already been filed. Kevin believes that they might be crushed by a large manufacturer. Each six-pack of glasses costs $500.ĭaymond inquires as to why they placed such a high value on the firm. They demonstrate how simple it is to replace the lenses and distribute their product. They founded the firm to make it simple to switch out eyewear designs. Konrad and Kevin enter the fray wanting $150,000 in exchange for a 3.5% in Frameri at valuation of $4.3 million. Given the inventory and heavy nature of the eyeglass industry, Frameri is likely seeking for a Shark to fund inventories and offer direction. What Happened to Frameri at Shark Tank pitch? Their primary difficulty is teaching people about how simple it is to replace the lenses. In June 2014, the startup raised $750,000 in venture money. ![]() Each lens is inherently anti-UV, scratch resistant, and equipped with an Anti-Reflective (AR) and an Electro-Magnetic Interference (EMI) coating. ![]()
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