Potomac residents Sina and Nina Farzin brought their popular product, Oogie Bear, onto Season 14 of Shark Tank with the hopes of raising $400,000 dollars. Oogie Bear is “the only infant booger picker on the market that effectively and safely removes sticky and dried boogers from babies’ nostrils.” Their research and product development facility can be found in Rockville/North Potomac.
The Farzins were interested in parting with 5% of their company for $400,000. It costs approximately $3 dollars to make and sells at a price point up to $24.99. The product is specifically designed for children under the age of two and uses a “patented, award-winning design features a loop end that’s a magnet for sticky boogers and a scoop end that takes care of those dry, crusty ones, plus our trademark bear head, which is way more than just cute: it prevents the tool from going too far into baby’s nose.”
“Mr. Wonderful” Kevin O’Leary asked about Oogie Bear’s sales and the sharks were pleasantly surprised when Niña informed them that they’ve sold more than 1 million units, which has generated over $15 million dollars in gross revenue and is on pace to reach a net profit of $1 million dollars this calendar year. Mr. Wonderful was happy to hear that and offered $400,000 dollars in exchange for 10% equity.
The Farzins explained that a lot of the company’s sales come from retail stores like Walmart and that they were looking to sell more through their website, since it has been a major weakness for them. Daymond John decided to drop out because he didn’t feel like he could provide value to the entrepreneurs, but Lori Greiner decided to make an offer of $400,000 dollars in exchange for 12% equity, asking Mark Cuban to join the deal.
Barbara Corcoran then made an offer that was almost the same as Kevin O’Leary’s offer of $400,000 dollars for 10% equity, but she offered half of the equity back if they didn’t reach certain metrics. Robert Herjavec liked this offer and joined Barbara, making the offer more appealing with two sharks and ended up offering a little more money for 10%.
The Farzins decided to accept the deal from Robert and Barbara, which was $600,000 dollars for 10% equity. The deciding factor seemed to be Barbara pledging to sell half of her equity back if she was not able to provide a significant boost to the company’s performance.
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17th Annual Kensington Day of the Book Festival
Now in its 17th year, the Kensington Day of the Book Festival is a family-friendly street festival featuring 150+ renowned authors, poets, and literary organizations. Enjoy live music on five stages, special guest speakers, military veteran writers and comedians, poetry readings, cookbook demos, children's program, and much more.
Admission is free, and attendees will also be able to explore a marketplace of books and food offerings from local vendors.
Not your average book festival! This festival offers something for everyone!
17th Annual Kensington Day of the Book Festival
Sunday, April 21, 2024, 11am-4pm (held rain or shine!)
Howard Avenue, Kensington, MD 20895
www.dayofthebook.com
Instagram: @kensingtonbookfestival
Contact: Elisenda Sola-Sole, Festival Director
301-949-9416 (text preferred)
FEST OF SPRING Caribbean Wine Food & Music Festival
Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.
Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.
Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.
Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.
As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.
Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.
LIVE PERFORMANCES By: CULTURE Feat. Kenyatta Hill, EXCO LEVI, IMAGE BAND, RAS LIDJ REGG'GO with Special Guest SUGAR BEAR FROM E.U. & MORE! & MORE!
MUSIC By: DJ ABLAZE, DJ SMALLY & NAJ SUPREME
2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES
KIDS 12 & UNDER FREE!!!
