Brian & Michael Speciale made their Shark Tank Appearance on Dec 3rd, 2017
For their product “The comfy”
This is one of the most entertaining pitch featured a festive parody of “Deck the Halls,
Seeking $ 50 K for 20% Stake, Funds required for stocking inventory
Till there Shark Tank Presence they have not made a Single Sale and there plan was to sell through website
The comfy is Snug warm winter wear till Knees giving the Warmth and very easy to wear and remove and this comes in just one size fits all from Kids to Adults
Comfy Manufacturing cost was 13.99 USD and Selling cost 39USD during the Shark Tank presence
- Robert Herjavec – Robert gave an offer of $50K for 50% for which founders were not Ok
- Mark Cuban – Mark appreciated the product he said there is good margin in the product but i am not sure how much you will have to burn to go to customer Acquisition so i am out
- Kevin O’Leary– Kevin was Straight Out
- Barbara Ann – Barbara gave an offer of $50K for 30% , there was a counteroffer from the founders for 25% Stake, but she was not okay and finally – Deal Sealed (This is the most Successful investment of Barbara with $50K turning in to 468 million USD)
- Lori Greiner – Lori was the first to be out with her comments “There is Snuggy in the market and i feel this is just another Version of it so i am out”
Post-Shark Tank
Post Shark Tank “Comfy” was a massive success, Shark Tank gave them the boost like a Rocket, and Sales almost zoomed with they selling
10 Million Units in just 2 Years