What happened to DetraPel after Shark Tank.
In 2018, 19-year-old David Zamarin walked into Shark Tank with a smart business idea: an eco-friendly spray that stops liquids from ruining clothes and shoes. He was seeking a $200,000 investment for 20% of his company, DetraPel.
David's journey started years earlier. He funded his new start-up after a past sale of his old shoe-cleaning business. During his pitch, he proved how well the spray worked, showing that each bottle had a low production cost of just $1.14 and a retail price of $12.99.
Impressed by his hustle, Mark Cuban and Lori Greiner offered $200,000 for 25% of the company. Even though that specific deal did not close after the show, the TV exposure led to a massive surge in online website traffic and retail purchases.
Over the years, the business grew into a massive success, even shifting production to help during the pandemic. Today, with millions coming in from industrial coatings and household products, DetraPel has an estimated net worth of millions and annual revenue hitting around $23 million, proving it to be one of the coolest young founder stories in Shark Tank history.
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I must say that I have absolutely NO intention of violating the copyright holder's rights. All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel.
All are covered by the Fair Use law.
"Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."
The video is accurate as of the posting date, however, it might not be accurate going forward and should not be taken as investment advice.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
AFFILIATE DISCLOSURE: There may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase. I may receive a commission at no extra cost to you. I appreciate your support in allowing me to continue to create helpful content for you. Thank you!
As an Amazon Associate I earn from qualifying purchases.
In 2018, 19-year-old David Zamarin walked into Shark Tank with a smart business idea: an eco-friendly spray that stops liquids from ruining clothes and shoes. He was seeking a $200,000 investment for 20% of his company, DetraPel.
David's journey started years earlier. He funded his new start-up after a past sale of his old shoe-cleaning business. During his pitch, he proved how well the spray worked, showing that each bottle had a low production cost of just $1.14 and a retail price of $12.99.
Impressed by his hustle, Mark Cuban and Lori Greiner offered $200,000 for 25% of the company. Even though that specific deal did not close after the show, the TV exposure led to a massive surge in online website traffic and retail purchases.
Over the years, the business grew into a massive success, even shifting production to help during the pandemic. Today, with millions coming in from industrial coatings and household products, DetraPel has an estimated net worth of millions and annual revenue hitting around $23 million, proving it to be one of the coolest young founder stories in Shark Tank history.
--------------------------------------
I must say that I have absolutely NO intention of violating the copyright holder's rights. All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel.
All are covered by the Fair Use law.
"Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."
The video is accurate as of the posting date, however, it might not be accurate going forward and should not be taken as investment advice.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
AFFILIATE DISCLOSURE: There may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase. I may receive a commission at no extra cost to you. I appreciate your support in allowing me to continue to create helpful content for you. Thank you!
As an Amazon Associate I earn from qualifying purchases.
- Category
- Shark Tank US
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- shark tank us, shark tank
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