Wednesday, May 11, 2022

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Mad Rabbit Tattoo Shark Tank

Emollients For Hydration And Blood Flow

Daymond John Asks Mad Rabbit If They’re Crazy – Shark Tank

The same can be said for SPF 30 Sunscreen. Rich in vitamin E and carrot extract, this sunscreen hydrates the skin and helps with cell regeneration. That makes it perfect for waging war against the suns harmful rays. Also, this robust sunscreen contains chamomile . Extract from the chamomile flower helps calm the dryness, itchiness, and redness that all come with a new tattoo. And by the way chamomile is also known to brighten the skin, making this an excellent choice for existing tattoos that have lost some shine. Recommend Mad Rabbits SPF 30 Sunscreen to clients for long-term tattoo care.

My Take On Mad Rabbit Tattoo

My wife and I have tattoos. I have Pepe LePew tattooed on my bum and she has Penelope the kitty hes always chasing on hers. We got them in lieu of an engagement ring. The characters embody our relationship: Im the amorous skunk and shes my squirmy kitty.

I remember when we got them we used petroleum jelly for a bit, then switched to some sort of cream. That was in 2001, when the Mad Rabbit tattoo guys were about three years old. I dont have any plans on getting any other tattoos, but after learning about this balm Id use it if I did.

Shark Tank Mad Rabbit Tattoo Update

  • Entrepreneur: Oliver Zak and Selom Agbitor
  • Business: Tattoo aftercare
  • Ask: $500,000 for 5% equity
  • Result: $500,000 for 12% equity
  • Shark: Mark Cuban

Oliver Zak and Selom Agbitor pitched Mad Rabbit Tattoo on Shark Tank Season 12 Episode 18. Their tattoo aftercare cream is designed to be rubbed on a tattoo daily to help revitalize, replenish, and preserve your body art.

In 2019, Oliver and Selom managed to sell $400,000 worth of tattoo aftercare cream, but in the eight months prior to appearing on Shark Tank, Mad Rabbit Tattoo totaled $1.7 million in sales. Further, in the last 30 days, the company had sold $300,000 worth of cream, for a profit of $60,000.

  • ENHANCE & MAINTAIN YOUR INK – Your tattoos represent a significant…
  • FOR NEW OR EXISTING TATTOOS – Enhanced depth, clarity, and contrast for all…

At the time of the pitch, Oliver and Selom had 5,000 subscribers, that pay $11.99 a month to have a cream sent to them. It currently costs $2.78 to make the cream and costs around $6-$7 to acquire a customer.

All of this was enough to interest Kevin OLeary and Mark Cuban, both of whom made offers on Mad Rabbit Tattoo. Kevin offered $500,000 as a loan at 9.75% interest for 5% equity, while Mark offered $500,000 for 12% equity. After thinking it through some, Oliver and Selom accepted Marks offer and Mad Rabbit Tattoo left Shark Tank with a deal.

When we get more news on a Mad Rabbit Tattoo update, we will be sure to let you know.

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Bunch Bikes Secures An Investment From Barbara Corcoran

Texas native, Aaron Powell, came to the Shark Tank seeking $250,000 in exchange for 10% equity in his company, Bunch Bikes. Although Aaron is not the sole proprietor of Bunch Bikes, he is the sole distributor for US sales. In a unique design that is featured in other countries, Bunch Bikes are an electric-assist cargo bike that allows children, groceries, or other goods to be carried in a convenient container in the front of the bike. With yearly sales projected to reach $2.2 million in Bunch Bikes, Aaron is hoping to partner with a Shark that can help to make the price take more affordable and accessible to families.

Is this kid-friendly bike a deal on wheels? #SharkTank

Shark Tank

Although the Sharks like the concept of the product, they feel that it would take awhile for them to recoup their investment. Barbara Corcoran admittedly felt lukewarm about the business, but decided to make Aaron a sharky offer. She offered to invest $250,000 in exchange for 40% of Bunch Bikes. Aaron countered and asked for a $100,000 investment and a $150,000 loan in exchange for 15% equity. Barbara agreed to his counteroffer.

If you were a Shark, which of these companies would you have invested in? Do you think that the Sharks missed out by not investing in HairyGrabster? Were there any deals or offers you didnt agree with on this episode? Sound off in the comments below!

Shark Tank: Mad Rabbit Tattoo Accepts $500000 From Mark Cuban

Mad Rabbit: Aftercare for Tattoos

3557203 / Pixabay

Business partners Oliver Zak and Selom Agbitor have tapped into an underserved market with their tattoo aftercare business, Mad Rabbit Tattoo. By properly moisturizing the skin over tattoos, their ink remains vibrant and resists fading over time. Oliver and Selom have created a moisturizer that blends 7 all-natural ingredients that, when applied to a tattoo, helps bring it back to life and prevent it from fading over time. Mad Rabbitt Tattoo is focused on providing care to the body art that consumers have so thoughtfully chosen for themselves.

Will the Sharks go mad for this tattoo care balm? #SharkTank

Shark Tank

Selom and Oliver have had great initial success with Mad Rabbit Tattoo. By generating more than 90,000 Instagram followers, the pair are projecting to close the year at $3,000,000 in sales. They believe that their early success can be attributed to working with influencers who are helping to drive social traffic and sales. They are hoping to partner with a Shark that can help them grow their subscription-based services and expand their market share. Seeking $500,000 in exchange for 5% of Mad Rabbit Tattoo, Oliver and Selom are hoping to secure a partner that will not only support their company financially but strategically as well.

Do you have a tattoo? #SharkTank

Read Also: How Much Do Tattoos Usually Cost

Shark Tank Competitors Who Are Miami University Grads Ink Multi

The skyrocketing careers of two Miami University business graduates who landed a half-million dollar investor last year on TVs Shark Tank has now seen them ink a multi-million dollar deal to take their tattoo skin care product across America.

The new business partnership is propelling the Miami grads to even higher success than they ever imagined when they were college roommates living in a modest apartment next to the Oxford campus.

For Oliver Zak and Selom Agbitor, Class of 2019 finance majors, its a stressful time but its the good kind of stress, they told our news partners the Journal-News.

Ive never worked harder in my life but I love every second of it, said Zak.

Agbitor echoed his partner, saying its as stressful as it is fun.

According to Mae Chabrunn, a spokeswoman for their Mad Rabbit Tattoo company, the company has recently signed an exclusive partnership with Inked, both the magazine and the store, making Mad Rabbit the exclusive tattoo aftercare brand for Inked.

This partnership marks the first of its kind for Inked as it pioneers a new standard towards clean tattoo aftercare. Mad Rabbit is now the exclusive tattoo aftercare brand of Inked, with the Inked store exclusively carrying Mad Rabbit product offerings both in store and online in early 2022, Chabrunn said.

Their latest deal is worth an estimated $4 to $5 million, she said, and moves them into the big time with national distribution through an equity deal with Inked Magazine.

Mad Rabbit Shark Tank Update

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. The deal with Mark did not close and this company does not appear on his website. In the immediate aftermath of the original air date, they were way backed up on orders, resulting in some angry customers, but theyve since worked out the kinks. As of July, 2021, they are still in business with $3 million in annual revenue.

In January, 2022, the company became the exclusive tattoo aftercare brand of Inked, a tattoo lifestyle magazine and online store. The equity partnership is estimated to be worth $-$5 million per year.

Also Check: How Much Does It Cost To Remove A Tattoo

What Happened To Mad Rabbit At Shark Tank Pitch

Oliver and Selom decided to present their firm to Shark Tank investors in episode 18 of Season 12 of Mad Rabbit on Shark Tank in order to help them scale their business.

Oliver and Selom are on Shark Tank in seeking for $500,000 for a 5% stake in their company, which is valued at $10 million.

The Sharks object vocally to the value. They present their tale and pitch. Lori is curious about how it makes things more colorful. Mark is curious if it can rejuvenate old tattoos.

They tell their backstories before getting into numbers. In one month, they make $300,000 in sales. In 2020, they made $1.7 million in sales.

Tattoo-related content is used in the marketing. The firm has over 5000 users to its subscription service. One tine costs $2.78, and it retails for $19.99.

According to Oliver, there are approximately a dozen rivals, but they are the only all-natural choice. The cost of acquiring a new customer is between $6 and $7.

Their secret sauce is the Instagram community theyve developed . They spent $80,000 on marketing last month to achieve $300,000 in sales.

They expect to sell $3 million this year after starting with $300 apiece. Kevin proposes $500,000 in loan at 9.75% in exchange for 5% ownership of the company.

Barbara likes the boys, but shes not sure what she can do to assist them, so she goes out. Daymond says theyre killing it and hes not sure he can offer value hes out.

What Is The Cost And Where To Buy

Mad Rabbit Tattoo Lotion on Shark Tank

Ready to buy? The Tattoo Balm is available at $15.99, SPF 30 Sunscreen comes for $29.99 and Soothing Gel also costs $29.99. Go for the New Tattoo Set to Enhance and Repair at just $40. The Daily Defense Set comes with SPF 30 & Tattoo Balm and costs $40. The Starter Pack with SPF 30, Soothing Gel & Tattoo Balm costs $50.

Here’s what the reviews say: One said, The balm you all know and love. Apply daily to keep your tattoos looking vibrant, and nourished for years to come. Another posted, All tattoos are susceptible to sun damage. Protect your ink with our all-natural sunscreen before stepping out under harmful UV rays. And a third wrote, Finally, a soothing gel MADE for new tattoos. Other products contain petroleum jelly, which can prevent proper airflow to your tattoo while it heals.

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Who Are The Inventors Of Mad Rabbit

Selom Agbitor and Oliver Zak, who met on university and formed Mad Rabbit together, are the companys inventors. They agreed to create a business together, despite the fact that they didnt know what it would be until Oliver got a tattoo.

Both men wanted to create their own businesses, and when Oliver received his first tattoo, the tattoo artist shocked him by recommending petroleum jelly to help it heal. That was the impetus behind Mad Rabbits actions.

Oliver envisioned a plant-based salve, and the two friends began experimenting with different formulas. They established the company in January 2019, only a few months before graduating.

Their first product was Tattoo Balm. It is completely natural, with no chemical ingredients. Shea butter, cocoa butter, beeswax, calendula, almond, lavender, cucumber, and Frankincense make up the Tattoo Balm. When used on a daily basis, it maintains your tattoos appearing fresh and colorful.

The two friends decided to create a product that catered to this specific niche. With about $600, they rapidly purchased a variety of natural materials from Amazon, which they used to manufacture their first product.

Despite the fact that he was still in school, Mad Rabbit was able to sell for over $400,000, proving a market gap. Despite the fact that the world was approaching a pandemic and the couple was still not committed to the business, Mad Rabbit had amazing sales in 2020.

Redhawk Ventures Adds Mad Rabbit Tattoo To Their Growing Portfolio

RedHawk Ventures announced their latest investment a tattoo after-care company founded by two 2019 finance grads. The seed round investment was confirmed after significant due diligence by the organizations leadership.

RedHawk Ventures co-Managing Director Abby Bartlett explained the decision, “RedHawk Ventures is excited to participate in Mad Rabbit Tattoo‘s seed round. Earlier this year, RV’s deal flow team identified Oliver and Selom as two high-potential alumni leading a high-growth e-commerce startup, and our investment committee confidently believes Mad Rabbit will benefit from connecting with the Miami entrepreneurial ecosystem. As their company continues to grow, we look forward to their continued success and are excited to begin working with them as a portfolio company!”

Oliver Zak and Selom Agbitor are 2019 finance graduates who started what would become Mad Rabbit Tattoo while they were still at Miami University, mixing batches of their first balm in their Oxford apartment. The company produces natural solutions to help improve the healing process after someone gets a new tattoo.

Since graduation they have continued to grow the company, with revenues topping $2.8 million in 2020 and on track for eight figures this year. They have also added products to the line and taken Shark Tanks Mark Cuban in as a perennial investor.

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What Happened To Zinepak After The Shark Tank Pitch

They had already tried their hand at entrepreneurship by starting a swimwear firm, which they eventually sold.

Oliver began working at EY-Parthenon after graduation, while Selom worked at Textron Aviation and Bell Flight. Mad Rabbit Company has now been taken over by the two.

Tattoos are trendy accessories that may be used to express devotion or respect for art.

After you have engraved the beautiful art on your skin, you must take care of the scar till it heals correctly.

Will Sharks Tattoo A Deal

Mad Rabbit on âShark Tankâ: What is the cost, who are the ...

The only other tattoo related product to appear in the Tank was Neo Mag Light, a laser that let you remove tattoos at home. That was in season 4 they got no deal and are out of business. The reason the deal didnt get done is the Sharks were afraid of liability issues.

While Mad Rabbit is a completely different product, it may be too niche for the Sharks. The only way they can get a deal is if a Shark buys into the lifestyle brand thinking. Kevin invested in Doc Spartan, an all natural first aid balm, back in season 8, so he may have a conflict. I cant see Lori or Barbara going for this, so Daymond and Mark are the only hope. One of them may take a flyer on this if the margins and the deal are good, but I dont think thats gonna happen.

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Mad Rabbit: What Happened To Tattoo Balm After Mark Cuban $500000 Shark Tank Deal

Oliver Zak, Selom Agbitor of Mad Rabbit on SHARK TANK

On Season 12 of Shark Tank, two Miami University classmates pitched their tattoo skincare product company, Mad Rabbit. The Mad Rabbit balm is designed to moisturize tattooed skin and prevent ink discoloration.

Since the Mad Rabbit Shark Tank episode originally aired in March 2021, the company continues to receive 5-star reviews online including this one: Product was awesome, It rejuvenated a five-year-old tattoo, made it look like new again. Mad rabbit absorbed into the skin very easily without being greasy.

New episodes of Shark Tank air Fridays at 8 pm on ABC, right before 20/20 at 9 pm.

What Happened To Mad Rabbit After Shark Tank

The deal with Mark did not close when the two left the pitch after getting the deal from Mark, and this business is no longer listed on his website.

They were extremely backlogged on orders in the immediate aftermath of the first air date, resulting in some disgruntled customers, but the issues have already been resolved.

They are still in business, with annual revenues of $3 million as of December 2021.

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The Mad Rabbit Mission

Oliver and Selom have a mission to provide superior products that meet all of your tattoo needs. You have chosen a meaningful design to reflect who you are, and the artist creates beautiful art on your body that will always be with you. Of course, you want to keep the tattoos natural vibrancy and youthfulness. You deserve aftercare made especially for your tattooaftercare that is simple, safe and effective and gives you the confidence to show off your tattoo.

BEST SELLER

What Is The Best Way To Cure A Tattoo

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Make sure the artist applies a thin coating of petroleum jelly and a bandage on the new tattoo. After 24 hours, remove the bandage.

Wash the tattoo gently with antibacterial soap and water, and then pat dry. Apply an antibacterial/Vaseline ointment twice a day, but do not cover with another bandage.

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The Products Are Available For Purchase Online

At the time of writing, the products are available to purchase on the companys website.

The products available are the tattoo balm, which is to be used daily in order to keep your tattoos looking vibrant and nourished for years to come, the SPF 30 sunscreen, which is made to protect tattoos from sun damage, and soothing gel, which is a gel made for new tattoos.

The website says that the soothing gel does not contain petroleum jelly like other products, which can prevent proper airflow to your tattoo while it heals.

Hats and hoodies are also available.

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