The Mad Optimist
DealCustomizable vegan soap and body care products
The Mad Optimist is a customizable vegan soap and body care products that got its big break on Shark Tank in Season 11, and convinced Mark Cuban to invest.
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From the show
The Shark Tank pitch
- $60K
- Asked for
- 10%
- Offered equity
- $600K
- Sought valuation
- $60K
- Deal amount
- 20%
- Deal equity
- $300K
- Deal valuation
Founders Mohamed M. Mandi, Mohamed A. Mandi, and Anthony Duncan stepped onto the carpet in Season 11, Episode 24 in the episode that aired May 15, 2020. The Mad Optimist, the customizable vegan soap and body care products, pitched in the Health & Wellness category, one of 70 health & wellness businesses to brave the Tank across all 17 seasons.
The ask was $60,000 for 10% of the company, an implied valuation of $600K.
Mark Cuban made the deal at $60,000 for 20% equity. That priced the company at $300K, a haircut from the $600K the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 11 saw 96 pitches, and 63 of them closed a deal on air. In the Health & Wellness category overall, roughly 59% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy The Mad Optimist?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did The Mad Optimist get a deal on Shark Tank?
Yes. The Mad Optimist closed a deal for $60,000 in exchange for 20% equity, with Mark Cuban.
Which shark invested in The Mad Optimist?
Mark Cuban invested in The Mad Optimist ($60,000 total as aired).
What season of Shark Tank was The Mad Optimist on?
The Mad Optimist appeared in Season 11, Episode 24, which aired May 15, 2020.
How much was The Mad Optimist asking for on Shark Tank?
The founders asked for $60,000 for 10% of the company, a $600K valuation.
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