A product designed to “consolation and relieve stress” was concerned in an unlucky mishap on “Shark Tank.” The resurfaced episode of married Hug Sleep co-founders Angie Kupper and Matt Mundt is considerably of a cautionary story that traders ought to heed the warnings of product designers.
Within the 2020 episode, the couple was upfront about in search of $150,000 in alternate for 10 % of their “grownup swaddle” firm. Their participating presentation boasted the professionals of being draped in cloth that seems like a hug and ended with, “So Sharks, who desires to leap in mattress with us?”
Robert Herjavec was desperate to attempt the pod and stepped into the mattress’s sack-like equipment on set.
On the suggestion of fellow Shark Kevin “Mr. Fantastic” O’Leary, Herjavec additionally took just a few huge hops after which shuffled backward to the mattress. Mundt shortly warned, “We don’t need you to do this.” Kupper reached her arm out, although too removed from the investor to assist if he fell, and cautioned, “We don’t need you to fall.”
She reiterated the identical concern when the self-proclaimed “superior sleeper” remained standing as he positioned the stretchy cloth over his head and safely collapsed backward onto the mattress.
The Croatian-Canadian businessman continued to simulate a superb night time’s relaxation, however then the demonstration derailed. As he wriggled to pop his toes out of the pocket positioned on the backside of the sack, Herjavec slid off the aspect of the mattress, struck a spherical aspect desk, and landed on the ground. As he struggled to get upright, it grew to become apparent that he suffered a superficial reduce on his nostril.
“My God, I’m bleeding,” he squealed because the panel and potential enterprise companions laughed. “I hate you!” he yelled earlier than he returned to his seat. Mundt hit again with, “You had been doing every thing we suggested towards.”
On YouTube, a viewer famous, “That d-mn desk was razor skinny.” A second particular person commented, “He positively took one for the workforce.” Lastly, a 3rd viewer commented, “Robert did that to himself lol. Enjoying an excessive amount of.”
Each shark made a proposal, and in a bargaining struggle, Herjavec, Daymond John, and O’Leary partnered on the deal whereas Cuban and Lori Greiner got here collectively. Each groups had been prepared to speculate $300,000 in alternate for 20 % of the corporate.
The couple in the end selected Cuban and Greiner. Herjavec jokingly yelled, “I’m suing you for making me bleed,” although he by no means made good on his phrase. Although the episode is 5 years previous and dozens of ventures have garnered 1000’s in funding from the sharks, Hug Sleep is among the many few that stay in enterprise to this present day.
