Wow. So since June and still no deal with Daymond? Regards, Chuck
On Mon, Nov 7, 2016 at 12:48 PM, Travis Johnson <[email protected]> wrote: > Yes, filmed in June. We spent $4,000 on FB ads and generated $108,000 in > sales. We also blew up the FB and Instagram pages, and ran a BOGO sale all > at the same time. We have over 200k followers on FB right now. > > Travis > > > On 11/7/2016 10:35 AM, Chuck McCown wrote: > > So it must have been filmed in June. > She mentioned dumping a bunch of coin on advertising. Was that all on FB? > > *From:* Travis Johnson > *Sent:* Monday, November 07, 2016 10:18 AM > *To:* [email protected] > *Subject:* Re: [AFMUG] OT Travis and Shark Tank > > Honestly, not much... :( > > Over the last 3 days, we have seen about $70,000 in additional sales... so > it made a difference, but not what we were hoping for. Our single biggest > day was in June this year, when we went all out on marketing and FB ads and > we did $108,000 in sales in a single day. > > Travis > > > On 11/7/2016 10:07 AM, Chuck McCown wrote: > > What did the show to to sales in the past few days? > > *From:* Travis Johnson > *Sent:* Monday, November 07, 2016 10:05 AM > *To:* [email protected] > *Subject:* Re: [AFMUG] OT Travis and Shark Tank > > Hi, > > The Shark Tank episode was very edited and chopped together. She was > actually in front of the sharks for over 90 minutes... they cut it down to > 8. Here is the basic summary: > > She started the company with her brother after he gave her about $2,000 to > buy inventory. They tried out for Shark Tank (4 years ago) and didn't make > it past the first stage. Another person saw a local news episode about her > and the company, and contacted her. He gave her $3,000 in cash, and paid > her rent for a year in exchange for 50% of the company (basically buying > out her brother). > > Those two were involved for about 2 months before they realized they > needed more money and expertise to make anything happen. They contacted me > via email, and we had a meeting. We told them in the meeting we would do an > investment, and asked how much and what they would give up. They told us > $30,000 for 50% of the company. We gave them exactly what they asked for. > Also, at this point, her total sales for all of 2014 was $7,000. That's > TOTAL SALES... not profit. So there are four of us, each at 25% ownership > right now. > > We then took the company from $9,000 total sales in 2014 to $1 million in > sales in 2015. We provided business experience, obtained a line of credit > at the bank, helped setup the e-commerce website, helped finance inventory > (doing a personal loan to the company), etc. > > We then put a CEO in late 2015 that has helped take the company from $1 > million in 2015 to now we will do over $4 million in 2016. > > There is not a single person I know of that would have invested $30k to a > business that had only done $7k in total sales for the year. No shark, no > other investor I have ever talked to about this deal. Everyone just laughs > when I tell them. > > This episode was actually filmed about three months ago. We only received > paperwork from Daymond's group about two weeks ago, and we are still in > negotiation with him. The deal paperwork is SUBSTANTIALLY different than > the episode shows ($400k for 20%). He has had no involvement with the > company thus far, and does not have any ownership or equity yet. > > Reality TV is not very real. LOL > > Travis > > > On 11/7/2016 8:56 AM, Chuck Hogg wrote: > > So Travis, are you a 1/5th partner now instead of a 1/4th? Not bad that > you got in that cheap and Daymond paid some major change. > > Regards, > Chuck > > On Sat, Nov 5, 2016 at 12:09 AM, Chuck McCown <[email protected]> wrote: > >> Odd, I was expecting Kevin but you got Daymond and nothing was mentioned >> about royalties. >> Did she say she had $100K revenue in one day? >> What e commerce platform? >> Where was that ad buy she mentioned? >> > > > > > > On 11/7/2016 8:56 AM, Chuck Hogg wrote: > > So Travis, are you a 1/5th partner now instead of a 1/4th? Not bad that > you got in that cheap and Daymond paid some major change. > > Regards, > Chuck > > On Sat, Nov 5, 2016 at 12:09 AM, Chuck McCown <[email protected]> wrote: > >> Odd, I was expecting Kevin but you got Daymond and nothing was mentioned >> about royalties. >> Did she say she had $100K revenue in one day? >> What e commerce platform? >> Where was that ad buy she mentioned? >> > > > > > >
