NextSharkNextShark.com

Jimmy Kimmel Pitches His Hilarious Startup on Shark Tank, Easily Lands a $5 Million Deal

Jimmy Kimmel Pitches His Hilarious Startup on Shark Tank, Easily Lands a $5 Million Deal

Securing funding in this day and age has never been easier. Venture capitalist Marc Andreessen even went on record saying that so much money and so many high valuations get thrown around that it's created a large bubble that has yet to burst. Jimmy Kimmel recently poked fun at this notion by going on “Shark Tank” during his show "Jimmy Kimmel Live" to pitch his startup, which produced line of horse pants aimed at making horses more stylish and saving their riders from the embarrassment of riding naked horses.

October 30, 2014
SHARE
jimmy kimmel shark tank
Securing funding in this day and age has never been easier. Venture capitalist Marc Andreessen even went on record saying that so much money and so many high valuations get thrown around that it’s created a large bubble that has yet to burst. Jimmy Kimmel recently poked fun at this notion by going on “Shark Tank” during his show “Jimmy Kimmel Live” to pitch his startup, which produced line of horse pants aimed at making horses more stylish and saving their riders from the embarrassment of riding naked horses.
Subscribe to
NextShark's Newsletter

A daily dose of Asian America's essential stories, in under 5 minutes.

Get our collection of Asian America's most essential stories to your inbox daily for free.

Unsure? Check out our Newsletter Archive.

Even with zero revenue and traction, Kimmel asked for $500,000 for 10 percent equity in his company, valuing it at $5 million. Mark Cuban was immediately out, but Robert Herjavec saw huge potential in the venture and offered $5 million in exchange for 10 percent, which was over 10x the valuation they were asking for. Watch the whole deal go down below:
Perhaps it was the fancy graph that persuaded Robert Herjavec to invest so much.
MOST READ
    HAPPENING NOW
      Jacob Wagner

      Jacob Wagner is a contributor at NextShark

      SHARE THIS ARTICLE:

      RELATED STORIES FROM NEXTSHARK

      Support
      NextShark's
      Journalism

      Many people might not know this, but NextShark is a small media startup that runs on no outside funding or loans, and with no paywalls or subscription fees, we rely on help from our community and readers like you.

      Everything you see today is built by Asians, for Asians to help amplify our voices globally and support each other. However, we still face many difficulties in our industry because of our commitment to accessible and informational Asian news coverage.

      We hope you consider making a contribution to NextShark so we can continue to provide you quality journalism that informs, educates, and inspires the Asian community. Even a $1 contribution goes a long way. Thank you for supporting NextShark and our community.

      © 2023 NextShark, Inc. All rights reserved.