Villy Customs
DealCycling
Best known from its Shark Tank appearance, Villy Customs is a cycling in Season 3, and convinced Barbara Corcoran and Mark Cuban to invest.
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From the show
The Shark Tank pitch
- $500K
- Asked for
- 33%
- Offered equity
- $1.5M
- Sought valuation
- $500K
- Deal amount
- 42%
- Deal equity
- $1.2M
- Deal valuation
Fleetwood Hicks walked into the Tank in Season 3, Episode 13 in the episode that aired May 4, 2012, bringing their Dallas, TX business with them. Villy Customs, the cycling, pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $500,000 for a 33% stake, which valued the company at $1.5M.
Barbara Corcoran and Mark Cuban teamed up at $500,000 for 42% equity. That priced the company at $1.2M, a haircut from the $1.5M the founders walked in asking for, which is how negotiations in the Tank usually go.
Villy Customs was one of 60 businesses to pitch in Season 3, where 28 deals got done. In the Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Villy Customs?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.
Did Villy Customs get a deal on Shark Tank?
Yes. Villy Customs closed a deal for $500,000 in exchange for 42% equity, with Barbara Corcoran and Mark Cuban.
Which shark invested in Villy Customs?
Barbara Corcoran and Mark Cuban invested in Villy Customs ($500,000 total as aired).
What season of Shark Tank was Villy Customs on?
Villy Customs appeared in Season 3, Episode 13, which aired May 4, 2012.
How much was Villy Customs asking for on Shark Tank?
The founders asked for $500,000 for 33% of the company, a $1.5M valuation.
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