Ex-Amazon engineers lose 6-figure 'Shark Tank' deal off 1 blunder: 'That's the biggest mistake startups make'
Publishing timestamp: 2024-03-11 14:55:40
Summary
Boona founders, after leaving engineering jobs at Amazon, built a showerhead startup with social media virality and $5 million in projected annual revenue. Despite their success, they couldn't land a deal on "Shark Tank" due to trying to grow their brand too quickly. Investors advised them to focus on their current product, Tandem, rather than expanding too fast. Ultimately, they left the show empty-handed but appreciated the feedback.
Sentiment: MIXED
Tickers: AMZN,
Keywords: start-ups, lori greiner, mark cuban, barbara corcoran, entrepreneurship, amazon.com inc, shark tank, robert herjavec,
Source: https://www.cnbc.com/2024/03/11/shark-tank-how-boona-made-biggest-mistake-startups-make.html