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Saturday, February 23, 2013

Proof Sunglasses Rejects "Shark Tank" Investors

"Now we know: The brothers who founded an Eagle company to make eco-friendly eyewear didn’t receive they money they wanted from the sharks on ABC’s Shark Tank, according to the Idaho Statesman. "But it wasn’t because the sharks — the wealthy investors who star on the reality show — disliked Proof Eyewear's wood-frame glasses. It’s because Brooks, Tanner and Taylor Dame rejected separate offers made by two of the sharks as inadequate. Sharks Robert Herjavec and Kevin O’Leary each offered the $150,000 the brothers requested, but in return for 25 percent ownership of the company — not the 10 percent the brothers offered. The Dames said the sharks’ offers valued Proof at $600,000, less than it is worth." Read more.

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