Monkey Mat has an attached pouch to secure on to anything. The fabric is soft, durable and water repellent. There are weighted loops for additional grounding.
Monkey Mat appears in Shark Tank Season 5
Sales to date are $16,000 through their website and fifty-one online and retail stores. Retail cost is $39.99, the cost to make is $13.14.
The material is ripstop nylon and treated with water repellant. Monkey Mat is a convenience item.
Mark Claims that his wife would buy this, but he doesn't like the price. He asks if you can make it at $9.95.
Company: Monkey Mat
Entrepreneurs: Christie Barany and Courtney Turich
Ask: $100,000 for 30% equity
Companies in this episode: Kodiak Cakes, Plated, The Paint Brush Cover
Season: Season 5 Episode 522
Sharks: Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 04/04/2014
Deal: Mark Cuban and Lori Greiner, $100,000 for 35%
What do the Shark Tank Investors say about Monkey Mat
Mark Cuban partners with Lori to do the deal for $100,000 for 35% equity.
Barbara Corcoran doesn't like the colors, the size and the pricing are off. She is out.
Kevin O'Leary brings up an umbrella that someone makes that he can buy, use and throw it away when he gets to his destination. The price point is too high; he is out.
Lori Greiner asks Mark to go in on the deal with her, giving $100,000 for 35%. Lori can help with the manufacturing, and Mark will do the online. They agree to the deal.
Robert Herjavec hears them say they can't get the right price point to make it a mass market product. He is out.
Monkey Mat after Shark Tank
Monkey Mat expanded their line after Shark tank to include three additional mats. They have a Mini, Quilted, and a Mega Mat.
Mark Cuban and Lori Greiner are instrumental in the expansion of the Monkey Mat brand, creating new opportunities.