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The $20 Million "Simple Goggle" Idea! 🏊‍♂️ | Shark Tank US

LOWKEY0:57

Transcription

Wait, how >> 2 billion? No, there's no chance in the US.

I'm not surprised. I have three young sons. They wear goggles. All of their friends wear goggles. But for a $20 million valuation, I'm guessing you've already sold a lot of these.

All five sharks are about to go to war over a pair of goggles. The technology behind the Magic 5 is so disruptive that the sharks stop being polite and started stealing each other's deals. It's rare to see billionaires fight this hard over a 2% stake, but when the product is this perfect, nobody wants to lose.

Our lifetime revenue is 3 million.

When did you start?

We started in 2018 and we've been growing like three times every year.

Nobody comes in here asking for $500,000 for 2.5%. So tell us how much money have you raised?

We've raised $1.5 million.

At what valuation?

The last valuation that we had was $9 million.

I'll give you 1 million for 6 and 12.

Wa.

It's a crazy offer for me.

We'll take it.

All right. USA.