![]() Daymond gave his story of how someone offered him $10,000 for 40% of his company in 1989, but he declined the offer. The one person left who everyone wanted to hear from was Daymond. Barbara came in and stated she felt they didn’t need an investor and could continue growing the business so she went out. Kevin offered Mo and Tramica $50,000 for $3 every time they sell a tie. Kevin, seeing big margins, was willing to make an offer as a royalty deal. Robert also mentioned he wouldn’t be the best partner, but knew there was someone who was and went out. Daymond brought up another common question of why Mo felt he needed an investor and Mo responded by saying he would be the “next big thing.” Mark was proud of Mo and agreed with this statement, but didn’t have the fashion sense to help him and went out. Kevin before his offerĭaymond was also wondering if Mo wanted to expand the business and Mo mentioned he was hoping to have his own clothing line by when he was 20. Robert was wondering what Mo’s grandmother would say when he “fires her” after getting the manufacturer and Mo and Tramica said they would be fine with it as she wants to see the company grow. Kevin, unsurprisingly, was the first to bring up a critique by mentioning how expensive the product was, but Mark defended Mo stating that raising prices is essential when there is more demand than supply. This was because they currently had stores who were waiting and were expecting growth as they were continuing to reach out to other stores. Daymond was now interested in what they would use the money for and Tramica mentioned it would be for a manufacturer. This led to Daymond’s responding that even he did not start his business that young and congratulating Mo. Barbara also mentioned she felt like she was watching Daymond John standing next to his mother. Barbara wondered why Mo decided to make bow ties and Mo mentioned it was because he loved to dress up and the inspiration from his family. Mo mentioned they make the bows for $5-$10 and sell them for $45-$55. ![]() Their total sales were $55,000 and Mo had his product in eleven different stores.ĭaymond was also impressed by Mo and was interested in the numbers. Mo mentioned they had sold 2000 bows which he and his grandma all made. Barbara was the first to mention that she found Mo charming and then asked him if they were selling the product. Mo than handed out samples while Tramica pointed out that the Sharks are not only investing in the bow ties, but the future because Mo gives inspiration to so many people. Mo began with his passion of why he loved to look great before going into the details of how the business began. ![]() Moe and his mother Tramica entered the Tank seeking $50,000 for 20% of their company. ![]()
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