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Founders Networks on Instagram: "Animated Lure — a rechargeable robotic fishing lure that mimics the lifelike swimming patterns of real fish — pitched on Shark Tank, seeking $325,000 for 10% equity to grow their market presence. By 2020, the company had achieved $247,000 in sales and operated completely debt-free. Kevin O’Leary saw the potential and made two offers, with the entrepreneurs accepting $325,000 for 10% equity plus a $3/unit royalty until he recouped $1 million. Ultimately, the deal
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Founders Networks on Instagram: "Animated Lure — a rechargeable robotic fishing lure that mimics the lifelike swimming patterns of real fish — pitched on Shark Tank, seeking $325,000 for 10% equity to grow their market presence. By 2020, the company had achieved $247,000 in sales and operated completely debt-free. Kevin O’Leary saw the potential and made two offers, with the entrepreneurs accepting $325,000 for 10% equity plus a $3/unit royalty until he recouped $1 million. Ultimately, the deal
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Animated Lure, a rechargeable robotic fishing lure designed to mimic the lifelike swimming patterns of real fish. Seeking a $325,000 investment for 10% equity, they aimed to enhance their product’s market presence. At the time of their pitch, Animated Lure had achieved $247,000 in sales for the year 2020, operating without any debt. Kevin O’Leary, intrigued by the product’s potential, extended two offers. The entrepreneurs accepted his first proposal: $325,000 for 10% equity, accompanied by a $3
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Entrepreneurship • Business • Mindset on Instagram: "Animated Lure is a rechargeable robotic fishing lure designed to mimic the swimming motion of real baitfish in the water, with battery-powered propulsion and lifelike movement.  The founders (Kanz Kayfan and Sobhan Sanaee) pitched Animated Lure on Season 12 of Shark Tank (Episode 1203), seeking $325,000 for 10% equity in their company.  Only Kevin O’Leary offered a deal (with a royalty per unit sold) and the founders initially agreed on came
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Shout out to Jose Cevallos for capturing a small glimpse of what Animated Lure is capable of! To order go to Animatedlure.com now! | Animated Lure
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