Traveling is always interesting, and new technologies are emerging to maximize their experience. This includes TRUNKSTER, a smart handling box with built -in GPS, digital scale and charging stations. The founders Gaston Blanchet and Jesse Potash reached the Shark Tank with Mark Cuban and Lori Greiner on the Shark Tank. protocol. Sadly, Trunkster is worth $ 0 and is no longer a business.
The story of the founder
Jesse Potash was from New York, but he knew little about his early life. However, his partner is different. Gaston Blanch originally came from Argentina, but immigrated to Miami.
After obtaining a management degree from the UCF Business School in 2008, Gaston studied abroad in France and the Czech Republic. During his studies, he served as a lecturer at Berlitz Corporation and was a sales intern at Walt Disney World.
Create the final smart handbbox
Blanchet has made many friends on the journey, one of which happened to be Jesse. In 2014, the two entrepreneurs decided to work together to completely change their travel through Strunkster.
They developed two luggage designs: “carrying them” to board the plane and “inspect” inspections at the counter. Neither of the two, because they implemented rolling models such as garage doors. The product also merged with mobile batteries, USB ports, GPS and A scale.
In 2015, the founders launched a crowdfunding event on Kickstarter and Indiegogo, which raised $ 3 million. They also won SHOPIFY's construction company competition that year. This helps Trunkster get a $ 1.5 million booking.
Shark tank with trunk
When production and production, Giston and Jesse need to raise more funds for growth and product development. These guys entered the tank in the seventh season and were ready to abandon 5 % of the startup at any time.
The material of the box is made of aircraft -grade aluminum, making it unable to destroy it. This aspect of the product was impressed by the shark. However, Kevin O'Leary could not help but laugh at their mad $ 28 million valuation. They tried to prove that the valuation was reasonable through the “cool” background story, but the shark did not buy it.
Kevin provided 37 % of 1.4 million US dollars, but the founder declined. Mark and Lori provided 15 % of $ 1.4 million. After the discussion, Jesse and Giston countered at a price of $ 1.4 million. If they do not withdraw $ 1.4 million in 24 months and provide $ 1 a $ 1 franchise fee, the equity will be doubled. Mark and Lori quickly accepted the transaction.
Shark tank-due diligence failed
After the shark tank, the company failed to surpass the due diligence. Therefore, the transactions with Mark and Lori were not completed.
In addition, the teams of Jesse and Gaston failed to perform most of the reservations that should have been shipped in 2016. In addition, some people who received the luggage of the sale claim that the product does not match the prototype in terms of style and overall quality. The latest comment on their Kickstarter campaign is that angry customers demand a refund.
Some customers have discussed the collective lawsuit against the company, and the company is currently closed. Their website is still running, but only the picture of the product. Since appearing in the performance, Jesse Potash has maintained a low -key. Gaston Blanchet is currently the co -founder and CMO of StoryPod. Speaker of the story.
Categories: Shark Tank
Source: svlsf.edu.vn