As Teunis de Raat, and Manuel & Geiszel Godoy pitch their animation company, Black Sands Entertainment, Mark Cuban and guest Shark Kevin Hart have combined to make an offer, but Manuel isn’t sure he wants to give up that much equity. But when his counter has Barbara Corcoran saying ‘You’re nuts,’ has he pushed too far? From ‘Shark Tank’ season 13, episode 10. Watch ‘Shark Tank’ FRIDAYS 8/7c on ABC. Stream on Hulu. Kevin hart is a real business I saw that today and Mark Cuban knows a good thing when he sees it. Kevin Hart is not just a brilliant comic he is a brilliant period. Kevin Hart is a brand period. I am glad he did not blow this. You got something but now you have more.
Brother on the internet brought this to my attention so the story his born, he said no one was talking about this. With Sidney Potier dying this week and black entertainment losing its king. We lost the black panther we know black people are starving for a hero. All of our real-life heroes have been murdered Martin, Malcolm, and Nipsey.
From food products to dating app services, ABC’s award-winning entrepreneurial show ‘Shark Tank‘ has featured entrepreneurs pitching for their various products and services across all categories except for the creative endeavors. The recently aired episode witnessed a Black-owned comic book publishing house and budding animation brand making its big debut on the show.
Black Sands Entertainment founded by husband and wife duo Manuel Godoy and Geiszel Godoy alongside Teunis De Raat, stepped into the tank seeking a whopping $500,000 for a 5% stake in their brand. The trio explained their brand’s mission of inclusivity and to educate people on Black history and culture through their work. After tasting success in the publishing world, the brand was eyeing the animation and entertainment industry, so they entered the tank seeking for capital to work on their big plans. The pitch instantly grabbed the attention of guest Shark Kevin Hart and also Mark Cuban.
The brand’s numbers and evaluation sounded good to Kevin, who felt that his addition as an investor would add a huge value to the brand. He pointed out how he’s a “one stop shop” that could help Black Sands Entertainment with production, animation, and even marketing, thus ensuring the success of the brand. Kevin also noted the importance of the work they were doing so felt extremely passionate about partnering with them. Mark too saw potential in the brand and hopped on saying he could help with the technology aspect. So Mark and Kevin together rolled out an offer of $500,000 in exchange for a 30% equity stake in the brand.
Manuel wasn’t keen on giving away so much of the equity so he tried making a counteroffer with a lower equity stake but with a royalty, clause added to make it appealing to the Sharks. The Sharks pointed out how the real money would come in when the brand bags a movie or series deal and not by selling comics, so they felt that the royalty deal wouldn’t work for them. Finally, Manuel agreed to the Sharks’ offer for a 30% stake and closed the deal.
Fans were pleased with Manuel’s decision and hoped to see the brand become a huge success. A fan tweeted, “Nice! Look out for Black Sands Entertainment! It is about to explode! #SharkTank.” Another fan wrote, “I’m rooting so hard for Black Sands Entertainment. I bought books from him a couple of years ago and I continue to support his work. I like the characters, art, and stories. The community invested in this project before #SharkTank.” “I don’t read comic books, but Black Sands Entertainment was interesting. #SharkTank” commented a fan.
Ryan Bartholomee@RyanBartholomeeNice! Look out for Black Sands Entertainment! It is about to explode! #SharkTank8:00 PM · Jan 7, 2022
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