In an episode of the favored TV present “Shark Tank”, teenage entrepreneur Tania Speaks managed to safe a $400,000 funding from billionaire investor Mark Cuban.
What Occurred: Speaks, the founding father of Tania Speaks Natural Magnificence, delivered a compelling pitch on a 2024 episode of “Shark Tank.” Her firm focuses on skincare merchandise, a enterprise she was impressed to start out resulting from private experiences with bullying over her thick eyebrows.
As per the report by CNBC, Speaks needed $400,000 for a ten% funding in her firm, and Cuban supplied the cash for a 20% stake. He additionally requested her to satisfy his daughters to debate entrepreneurship.
“I need my daughters to satisfy you, and I need them to be taught from you. Perhaps you will even be taught one thing from them,” Cuban stated.
Tania agreed to satisfy them however countered with a 15% stake for a similar quantity. The movie star investor accepted her provide.
Additionally Learn: Cuban on Musk: ‘I Have No Downside Throwing Elon Beneath the Bus, however I’ll Save It for When It’s Actually Deserved’
This emotional trade underscored Cuban’s religion in Speaks as an entrepreneur, though he doesn’t have prior expertise within the skincare business.
Cuban additionally stated, “I noticed my daughters — and my son, for that matter — in her. If I can get her to hook up with my children, that is extra vital than the cash concerned.”
Why It Issues: This isn’t the primary time Cuban has made an funding based mostly on emotional elements. He beforehand invested in 15-year-old Trey Brown’s clothes model Spergo, showcasing his dedication to nurturing younger entrepreneurs.
These investments spotlight Cuban’s perception within the potential of younger entrepreneurs and his willingness to help them, even in industries the place he lacks expertise.
This might encourage extra younger entrepreneurs to step ahead and pursue their goals, realizing that there are profitable businesspeople like Cuban who’re prepared to spend money on their potential.
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