To turn a small business or startup into a million dollar company, all Shark Tank investors have a wealth of good business opportunities and a wealth of business experience. Robert Herzavek is no exception. Harzavek Hall was one of the original sharks in ABC’s Shark Tank and was also a regular investor in Dragons Dane, the Canadian version of the show.
Herzavek was born in 1962 in Yugoslavia (now Croatia). He saw his father, Vladimir, being imprisoned 22 times for being anti-communist. Later, the Harzavek family moved to Halifax, Nova Scotia with only $ 20. The family eventually settled in Toronto, where they lived for 18 months in the basement of a family friend.
After graduating with a degree in English literature and political science from New College of the University of Toronto in 1984, Herzavek provided her with a minimum wage job, such as a waiting table and a newspaper, to help her family pay their bills.
Herjavec sold the IBM mainframe emulation board and applied for a position at Logiquest even though he was not eligible for the position. However he was able to get the job by offering to work for free for 6 months. He was eventually promoted to General Manager of Logiquest.
Later, he was fired from Logiquest. It became a lifelong opportunity as he decided to start his own company called BRAC Systems. BRAC Systems is a software company that specializes in Internet security.
BRAK Systems was later sold to AT&T Canada in March 2000 for 30.2 million.
He is an innovator in the world of technology and cyber security and has helped many entrepreneurs make their dreams come true on the show. In this article, we will look at all the current contracts made in the Herzavek Shark Tank. But first, let’s take a look at how it started.
Contract:% 250,000 with 25% equity
Buttercloth sells soft and comfortable shirts. The company owns a patent for the stretch fabric that they use to make their shirts. Danh Tran, Gary Falkenberg, and their investor, former NBA player Meta World Peace (Ron Artest), wanted $ 250,000 for 10% of the company. However, they have accepted an offer from Herjavec for 25% equity.
With Herjavec’s involvement, they have been able to earn রাজ 6 million in annual revenue from $ 500,000 before staying in Shark Tanks.
Deal: There was no shark deal while on the show, but Robert Herzavek got involved after the shark tank
The Bouqs Company was founded with the bold intention of bringing back romance and joy which was once a noble exchange: giving and receiving flowers. The company was founded by John Tabis.
When Tabis first appeared on the show, she wanted $ 258,000 for 3% of her company. Unfortunately for him at the time, he couldn’t get any of the sharks to invest in The Box Company.
However, three years later Robert Herzavek reached out to The Box Company for help with his upcoming wedding. Herzavek was so fascinated by flowers and company that he decided to get involved.
As a result of this partnership, The Bouqs Company raised an additional $ 85 million. Currently, its farm network has about 2 billion growing flowers, 10,000 employees and 4,000 acres of abundant flower fields. Since its inception, The Bouqs Co. Has provided more than 30 million flowers.
Now the business sees annual revenue of $ 59 million.
Contract:% 150,000 for 20% shares
Adventure Hunt is a Utah-based company that seeks to inspire and inspire adventure by exploring and appreciating where you are, not just through travel. Shawn and Jared Bingham have created a unique Scavenger Hunt that they are great for party and corporate events.
The two individuals were able to earn more than $ 700,000 in sales within 18 months of being in business. They accepted an offer from Robert for 20% equity. The agency had a slowdown after the epidemic but they are slowly returning to regular activities.
Herzavek Adventure Hunt was able to help corporate clients such as USAA, Orange Theory Fitness, Keller Williams and even the US Army.
Agreement:% 150,000 for 15% equity (Laurie Greiner and Robert Herzavek)
Men’s on a bench is a version of the popular Christmas elf on the shelf. Moses the Menace tells the story of Hanukkah and is designed for Hanukkah to bring families together and to promote the values of being a man or a good person.
Herzavek shares the investment with associate shark Lori Greiner. The company has sold more than $ 7 million in retail sales in just 5 years.
Contract:% 75,000 for 25% equity
Doc Spartan is a veteran-owned company based in Portsmouth, Ohio. They produce 100% all-natural products for your skin and beard. Most notably, they created a product called Combat Ready Ointment. This ointment cuts and heals scraps that may occur during work, yard work or any other type of activity. The company was founded by Renee Wallace and Dale King.
Since its appearance in Shark Tanks, Doc Spartan’s revenue has grown to $ 4 million a year.
Agreement:% 110,000 for 10% contingent in the licensing agreement
Nowshad Ali enters the tank to find $ 110K for 15% of his company drain strain. A drain strain is a product that keeps pipes clean and prevents valuables from getting lost under the drain, while fitting all sinks seamlessly.
Sharks seems to agree that this particular product is the most suitable for a licensing agreement. Kevin O’Leary offered Ali 20 110,000 for 20% equity. Herjavec calls “Greedy” takes 20% to make phone calls. He countered with an offer of $ 110,000 for 10%. Ali accepted Robert’s offer.
The company is now earning about $ 3 million a year.
Agreement:% 750,000 for 13% equity
This smart vent was designed to increase comfort and reduce energy consumption by controlling the temperature in your home. It adjusts the airflow in the over-conditioned chambers and redirects the airflow to the chambers where it is most needed. With the smartphone app, you can set schedules, set specific room temperatures, and control compatible thermostats.
In July 2019, Keen merged with Ecovent and was acquired by ConnectM Technology Solutions Inc. as part of the merger.
Agreement:% 200,000 for 15% equity
Sand Cloud Towels is a beach lifestyle company. It sells beach towels and beach blankets with unique patterns and functions. Their unique selling point is that their towels are made of 100% Turkish cotton. A pillow is also inserted into each towel for extra comfort while sleeping on the sand.
Herjavec has helped the company grow revenue of about $ 7 million annually.
Agreement:% 300,000 for 20% equity
Bad Birdie Designs sells uniquely designed golf shirts and clothing. The company’s founder, Jason Richardson, went to Shark Tank to pay% 300,000 for 10% of his company.
He received an offer of 25% from Herjavec for $ 300,000. Richardson countered by asking Robert to bring the equity down to 20%. After Harzavek refuses, Richardson challenges the shark to make a put. If Robert Putt, Richardson agrees to a deal for 25%, if Harzavek misses, he will have to bring his equity down to 20%.
Harzavek missed the put and accepted the condition of taking 20% equity. Bad Birdie now has an annual income of over $ 6 million.
Agreement:% 375,000 for 25% equity
Pat Yates wanted $ 375,000 for a 15% equity in his company Happy Fit. The company sells comfortable slippers that look like sneakers. Yates has been in business since 1996. Yates was able to sell 2.6 million but only managed to make $ 660,000 from it.
After a bidding battle, Yates decided to take an offer from 25% Herzavek. Since appearing on the show, Happy Fit has been able to sell 5 million annually.
Agreement:% 100,000 for 10% equity
Tipsi Elves is a holiday-themed clothing company. It sells holiday sweaters and other holiday themed items through its website and other online retailers. Tips Elves initially sold Christmas-themed sweaters but has now expanded its line to include clothing for various holidays.
Agreement:% 250,000 for 35% equity (Mark Cuban and Robert Herzavek)
Almond-N-More was founded by fitness and nutrition experts who were looking for safe peanut butter and other healthy sources of protein for themselves and their clients. All-natural butter can be crunchy and difficult to spread.
Almond-‘N-Moor has created a unique recipe for our preserved butter and is a natural process that involves simply crushing the almonds and mixing the ingredients in a way that achieves the best texture.
Founder Peter Ferreira was able to strike a deal with both Mark Cuban and Robert Herzavek for 35% equity. Ferreira was able to earn $ 100,000 from sales before the deal with the sharks. The company now sees annual revenues of over $ 6 million.
Deal:% 100,000 for 10% of business
Hungry Harvest was started by Evan Lutz. Lutz realized that more than 6 billion pounds of products are wasted every year for not looking good. Although the food is perfectly edible. Hungry Harvest delivers “ugly food” to customers and donates food to a family in need of each box supplied to a paying customer.
Barbara Corcoran, Kevin O’Leary and Laurie Grainer were all interested in the company and were even more interested in the Corcoran business before the public interest effort. Herzavek made an offer of% 100,000 to Lutz for 10%, which he accepted
Hungry Harvest now generates রাজ 4 million in annual revenue.
Agreement:% 500,000 for 15% equity (Kevin O’Leary, Laurie Greiner and Robert Herzavek)
Aira offers wireless charging surfaces with free positioning functionality with the help of free power technology.
Aira created the world’s first most innovative “free positioning wireless charging pad”. With it, you can charge multiple devices at once and place them anywhere on the pad.
Eric Goodchild and Jake Slatnick went to Shark to offer 7% of their startups for $ 500,000. But they accepted an offer for 15% instead. Harzavek shared the deal with fellow sharks Laurie Greiner and Kevin O’Leary.
The company is now making more than 4 million in annual sales.
Agreement: .3 200,000 for 33.3% equity (Mark Cuban & Laurie Greiner & Robert Herzavek)
Goverre is a portable wine glass tumblr with a silicone sleeve and a drink lid. Bring your favorite glass of wine with you. No dropping. Just wine.
GOVERRE is a glass, portable, stemless wine glass with a silicone sleeve and drink-through lid. With GOVERRE, you can now bring your favorite glass of wine with you Yes
Goverre has sold $ 4.6 million in retail sales in just 2 years since it aired on Shark Tank.
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