![]() The firm has license and distribution agreements in place across the world, as well as patents in more than 50 countries. ![]() The Shark Tank publicity sent the firm into the stratosphere, making First Defense Nasal Screens one o f the most successful Shark Tank enterprises ever. More serves as president and chief executive officer of First Defense Nasal Screens. What Happened to First Defense Nasal Screen after the Shark Tank Pitch? With this in mind, he accepts the offer and forms a partnership with the Sharks. He tries to amend the terms of the agreement by asking for $1.2 million so that he may fulfil the order of the contract, but all three Sharks ensure him that the money would be placed towards resolving any potential concerns. They are offering to pay Moore $750,000 in exchange for 30% ownership of the firm and a 10% permanent royalty. O’Leary, Cuban, and John join forces to make one last offer. He would sell the firm for $5 million plus a 15% royalty. $4 million for the company, plus a 10% royalty. Robert Herjavec makes the most generous offer in the history of Shark Tank. Robert Herjavec raises his bid to $2 million for the firm and offers Moore a 10% royalty. Moore declines, but admits he would consider selling the firm altogether for a large sum plus a 10% royalty.ĭaymond John offers $1 million in exchange for 30% ownership and a 10% royalty until he recoups his investment. O’Leary makes a second offer, this time for $1 million for the entire firm. He’s willing to collaborate with O’Leary.ĭaymond John offers $ 800,000 in exchange for 30% ownership and a 10% royalty. O’Leary presses for a response, but Mark Cuban walks forward. He’s prepared to donate the $500,000, but he wants 20% plus a 15% royalty. The other Sharks are not so quick to react. The questions come thick and fast.īarbara Corcoran is out because of the cost of educating people about the product’s need. Kevin O’Leary is curious about patents, and Cuban is curious about the purpose of the funds. Moore distributes samples to the Sharks, who are finally taking him seriously. “Suddenly, you don’t seem that strange with that item stuffed up your nose,” Robert Herjavec observes. They’re captivated when he announces that he has a deal in hand for 8 million more units over the next six years. The Sharks perk up as Moore responds with 1.7 units. Daymond John is curious as to how many Moore has sold. He notes that one out of every five television advertising nowadays is geared at lowering nasal allergy symptoms, and that millions of people seek treatment in hospitals and doctor’s offices each year for allergy and respiratory irritation difficulties. He approaches the Shark Tank with a straightforward presentation. Moore appeared on Shark Tank season 2 episode 2 in return for a $500,000 investment in exchange for a 10% stake in his firm. First Defense Nasal Screens on Shark Tank Episode
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