Sand Cloud Shark Tank Pitch
Sand Cloud has unique and vibrant beach towel patterns or you can use them as a decorative tapestry or even a scarf in winter. They donate to preserve oceans and marine life. They show releasing sea lions after rescuing them earlier in the year.
The towels are very thin, and they are all handmade in Turkey by individuals. They sell the towels are $47 each. They tested the market and people at the beach want something that is lightweight and easy to cary at the beach. Cost on their towels are $10.
The first year of sales are $30,000, year two $400,000 and the current years is on track for $3 million and they will make around $800,000. They have over $300,000 cash in the bank.
Sand Cloud Shark Tank Episode Data
- Company: Sand Cloud – Website
- Entrepreneurs: Bruno Aschidamini, Brandon Leibel, and Steven Ford
- Ask: $200,000 for 8% equity
- Episode Season 8 Episode 818
- Companies in this episode:
- First Aired: 02/24/2017
- Deal: Robert Herjavec $200,000 for 15% equity
What do the Shark Tank Investors say about Sand Cloud?
- Mark Cuban – They are doing advertising campaigns. Mark offers $400,000 and wants 25% equity. They tell him that they don't want to give up that much and want to hear what the other Sharks say. Mark says he is out.
- Daymond John – wants to know what the money is for? Daymond offers $300,000 for 25%. They counter at $200,000 for 10%. Daymond says he is out.
- Kevin O'Leary – offers $200,000 for 15% and they need to start doing distributions so that he gets his money back.
- Lori Greiner – decides to go out because she sees them marketing it as a beach towel, and she sees a wrap and a scarf. She thinks they have completely different views of the product.
- Robert Herjavec – offers $200,000 for 15%. He doesn't get it, but they are killing it so he wants in. They accept Roberts deal.
Sand Cloud after Shark Tank
Robert Herjavec inked the deal with the three Sand Cloud entrepreneurs and they turned in $7 million in sales.