Mark Cuban rejected these ‘Shark Tank’ founders in less than 2 minutes: ‘Dumbest marketing move ever’ (via CNBCMakeIt)
On Friday's episode of ABC's "Shark Tank," Donovan and Trey Brown wanted $200,000 for 5% of their car air freshener company Ride FRSH.Investors often reject startups for sloppy pitches or unprofitable business models.
The company in question, a Los Angeles-based car air freshener company called Ride FRSH, was on track to make more than $750,000 in annual revenue at the time of filming, brothers and co-founders Donovan and Trey Brown said. Ride FRSH had made $1.1 million in revenue in three years since launching, due largely to its subscription model. At the time of filming, the founders also said they were in negotiations with AutoZone, among other large retailers.
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