- FIRST DEFENSE NASAL SCREENS AFTER SHARK TANK GAZETTE UPDATE
- FIRST DEFENSE NASAL SCREENS AFTER SHARK TANK GAZETTE PLUS
Sales went through the roof during the Covid-19 pandemic and the company discounted the product 15% to make it more accessible to people and help fight the virus.Īs of August, 2023, the company is worth an estimated $50 million.Joe Moore, founder of First Defense Nasal Screens has a net worth $5 million. In 2018, it finalized a partnership with Filter Your Life Healthcare Private Limited, an Indian company, to distribute his products there. The company has worldwide licensing and distribution contracts and patents in more than 50 countries. The exposure from the Shark Tank launched the business into the atmosphere, making First Defense Nasal Screens one of the most successful businesses ever to appear on the show. Today, More is president and CEO of First Defense Nasal Screens. The deal done on the air did not go through. He walked out of the Tank still holding 70% of his company. The $4 million dollar offer was a Shark Tank record.
FIRST DEFENSE NASAL SCREENS AFTER SHARK TANK GAZETTE UPDATE
First Defense Nasal Screens Shark Tank Update Moore gets Mark Cuban to throw in season tickets to the Mavericks, and takes the deal. They’re willing to give Moore $750,000, for 30% of the company, and a 15% perpetual royalty. O’Leary, Cuban, and John partner together to make one final offer. He would sell the company for $5 million, and 15% royalty. $4 million for the business, with the 10% royalty. Robert Herjavec makes the largest offer in Shark Tank history. Robert Herjavec ups his bid, offering $2 million for the company, and offering Moore a 10% royalty.
FIRST DEFENSE NASAL SCREENS AFTER SHARK TANK GAZETTE PLUS
Moore turns that down, but concedes he would consider selling the company outright, for a high number, plus a 10% royalty.ĭaymond John offers $1 million, for 30% and a 10% royalty, until he recoups his investment. O’Leary takes a second bite, offering $1 million for the entire company. He’s willing to partner with O’Leary.ĭaymond John offers $800,000, for 30%, with a 10% royalty. O’Leary pressures for an answer, but Mark Cuban steps up. He’s willing to give the $500,000, but he wants 20%, plus a 15% royalty. Kevin O’Leary is “intrigued.” He wants to make an offer. Any Offers?īarbara Corcoran is out based on the cost of educating people on the need for the product.
Kevin O’Leary wants to know about patents, and Cuban wants to know what the money will be for. Moore hands out samples to the Sharks, who are now taking him seriously. “All of a sudden, you don’t look that funny with that stuff stuck up your nose,” remarks Robert Herjavec. He shows the Sharks the contract and suddenly, Mark Cuban isn’t laughing. When he reveals that he has a contract, in hand, for 8 million more units over six years, they’re hooked. When Moore answers, 1.7 million units, the Sharks perk up. Mark Cuban wants to know “Are you kidding me?” Daymond John wants to know how many Moore has sold. He explains that 1 in every 5 commercials on television today is aimed at reducing nasal allergy symptoms, and that every year, millions seek treatment in hospitals and doctor’s offices for allergy and respiratory irritation issues. He enters the Shark Tank with a very simple, up front presentation. Moore is looking for a $500,000 investment in exchange for a 10% investment in his company. Will the Sharks pass up on this unusual product, or will they smell a deal and take a bite? First Defense Nasal Screens Shark Tank Recap Unlike masks, the First Defense Nasal Screens are nearly invisible from a few steps away. Those who suffer from asthma are particularly vulnerable to airborne particles, so the product has medical applications. When placed over each nostril, the filters remove up to 99% of allergens, dust, pollen, and dander, reducing allergy symptoms and respiratory irritation.
His idea is simple – a small, stick-on filter. Joe Moore brings his First Defense Nasal Screens to the Shark Tank in Episode 202.
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