Moziah Bridges stole the show in last week's episode of Shark Tank. The 11 year old entrepreneur from Memphis, Tennessee started his bow-tie business at the young age of nine after deciding to pursue his "passion for fashion". He along with his grandmother spend many hours a day sewing a variety of bow-ties to then sell for a high-end $40 or $60 apiece. Mo charmed the Sharks from the moment he started his presentation, and ultimately got an offer from Kevin O'Leary. But although Mo turned this offer down, what he walked out of the Tank with was a lot more valuable.
Mo applied to be on Shark Tank for two reasons: To acquire money to be able to move the manufacturing to an actual facility, and to partner with his idol, Daymond John. After being told by three Sharks that he could make it on his own without an investor, Mo was left with two offers, each reflecting on one of his underlying purposes for entering the Tank. Kevin offered to provide the money Mo needed in exchange for a $3 royalty on each bow-tie he sold, while Daymond offered to mentor Mo for no equity in the company at all. With the help of his mom, Mo decided to give up the equity offer and instead walk away with a direct line to the fashion mogul, Daymond John.
Showing posts with label mo's bows. Show all posts
Showing posts with label mo's bows. Show all posts
Tuesday, May 6, 2014
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