Shredskinz Owner Holds Back During Pitch | Shark Tank US | Shark Tank Global

next into the tank is a way to make the most out of your workouts [Music] hey sharks my name is Clay Griffin II I am the CEO and founder of shredskins today I'm seeking sixty thousand dollars for 20 Equity of my company now sharks there are usually two ways to feel instant satisfaction after a great workout one you push yourself to the Limit where you're so sore the next morning it just feels so good and two being covered head to toe in your own sweat but with the current sauna suits on the market today if you don't clean and dry them properly you might irritate your skin really bad Mark you gotta know what I'm talking about I know exactly I sweat when I think about it right I mean the only other option is using a trash bag who wants to use a trash bag ew let's save that for the trash and use shred skins the first and only single-use sauna suit on the market today at shredskins we use an eco-friendly plastic to conveniently show you your massive sweat progress with our unique design we have elastic around the waist and the wrist and on top of that a drawstring on the hood this allows you to trap heat minimize your time warming up and maximize your time actually working out and it just makes you sweat faster so I hope you make a deal with me quickly let me show you what I mean um that's all real sweat don't believe me check this out [Music] not a joke that is all real sweat but see that may be their favorite part about shred skins but let me show you my favorite part about shred skin Kevin show them how to really do it now sharks I know what you're thinking when you hear single use but we use an Oxo degradable plastic soon a newly developed resin to help break that plastic down even faster as we strive to be as eco-conscious as possible this way you can feel just as good about using shred skins as you do wearing shred skins during a workout so sharks which one of you wants to shed fast easy sweat and Shred fast easy money with shred skins you guys all have samples in front of you check those out while I put my shirt on great job yeah feel lucky Barbara's not here explain to me the target market okay and is it just to lose weight the ironic part is shredskins actually does target women because women carry a ton of water weight but also my biggest Market is athletes and fighters fighters need this one to make weight all the time this isn't something that I created that didn't exist before what didn't exist is the convenience of it so it allows you to again minimize your warm-ups so you can heat up that core temperature in your body and actually get to your workouts and then some people love the sweat some people love the idea of looking at their sweat while they're working out there's also if you need to be ripped for whatever reason I'm going to be a little bit more more doughy if I don't sweat and I'm a lot more ripped if I do something is it's all water weight yes exactly so if I need to fit into something I can just put this on and it might fit me better maybe so just to be clear right I never promote this is a a get skinny Fit Fast product ever the goal is to yes give you that safety net where if you do need to make a certain weight or you want to go on those jogs In Those runs because you know you have to fit into your wedding dress or you know you have to make that weight cut for your fight you know you have an option to do so and it's convenient I love the fact that you're not over selling and then you're overselling it's a great gift for an entrepreneur that has self-confidence that that you said you don't you're not trying to make silly weight loss claims right I really love what you said is there enough of an established Market that knows the merits of this or do you have to educate people to wear these I believe that in my market everyone loves this product because it's convenient but it's a subset of people that work out to put on a plastic bag on themselves so how do I find them how how are you finding them I blew up on Tick Tock one of my biggest videos is 17 16 million um and we average about a million a week on Tick Tock because the Nationals played into in sales a million a week on Tick Tock gets you what sure so when I first started uh October 2020 um I did 15 000 in sales in those two months I was like I'm ready for Shark Tank yes 15 carats more than I've ever made in my life put me on ah what shocked me was the next year we did about a hundred and ninety thousand dollars in sales one yes sir and year to date now we're a little over 100k and we're projected to do a quarter million this year so how much did you do in Revenue last month um we did about 23 000. and how much did you make out of that got five thousand that's still not bad how are you running tell us about you tell us about your background I'm an ex college football player where'd you play I played linebacker and uh for UTEP University of Texas El Paso obviously it didn't work out I broke my arm my senior year but I'm a dad dad first always my wife and my son and I you know you spend the last four years Chasing the Dream I remember I was training for these leagues and I was using a trash bag just like I was saying and I kept feeling embarrassed leaving the house using a trash bag so then I would go and I would get these reusable ones mind you I just got out of college I have no money I keep spending 20 on these reusable suits that would rip on me every time I'm trying to do a pass rush move so it would rip on me and I remember I looked it up and I said single use sauna suit and it didn't exist and I looked it up everywhere looked it up everywhere and I remember I turned to my wife I said I'm gonna start a company called sweat skins and she was like ah no and then it hit me so ever since then um it's just been a a serious grind I've been trying to get my family back in the same house I stayed with a few friends sleeping on the couches doing the entrepreneurial thing um they stay with my mother-in-law and I've just been grinding ever since and uh it's been a journey um but it's been great you're making five grand a month why are you living in a separate house because I still do I do owe debt tell us about that comes from my partner um he he kept giving us money to keep the inventory demand how much have you raised well he okay so he gave me 25 000 for Equity he owns 25 he put a loan through the business for a hundred thousand dollars hundred thousand dollars correct why can't you live at home because I can't take a salary I I have a job now so I had to get a job too that's fine that's fine that's fine and it's away from home it's not in the same city yep it's in Boston they're in South Carolina so what are you doing in Boston I work in cyber security Boston is extremely expensive nothing against Boston but I'm leaving there as soon as I can I lay I want to understand one thing I see you here and you have like this supreme self-confidence but then you're telling me a story where other people would be defeated and depressed but I feel like you're maybe because of national TV not showing us your struggles can you be very Earnest about where you are today with this business 100 um and honestly full transparency I always told myself I'd never come on a shark tank and cry but it's because I've been through worse uh when I was 13 to 14 I lost both my parents I had to find a way through football to get a scholarship I have a little brother that I had to help take care of I've been through worse and I have a son I'm a dad so I can't I can't fold like I can't like I have to make him proud because my dad made me proud when he was an entrepreneur I told myself I wasn't gonna cry but like I I have no other choice like I I own I I owe debt and I pay it back every month I went and got a job because I didn't want to take from the business everything I put back was into the business I don't like owing anything to anybody I have a son that I want to pass this down to one day I never thought I would create this business it seems silly when you think about it you think of like a trash bag but they say some of the craziest inventions that you come up with come up with things that you've already done every single day how much inventory do you have right now about 35 000 worth how much did you pay for the inventory we bought eighty thousand dollars worth our cost is 4.17 per five pack we sell it for 19.99 what is the minimum size order from the the maker ten thousand um to get it to that cost of 55 cents it's 420 for five in a package right Netflix The Packaging yep right and so there's five of them that's 275. so the packaging itself is a buck fifty right for me I don't see how there's room for an investor in this other investors he's ahead of me on the cap table I'm an equity investor he's got the debt he's first I get it I wish you the best but I'm out thank you um I guess to to really answer that again if I have the inventory I will sell the inventory there has never been a problem with me sitting on inventory last year we sold out five times how are you selling this right now only direct to consumer or in any stores only director consumer so I think there's tons of Merit to what you've done here sometimes you take the Nugget of the simplest idea and you turn it into something that really can become something great you're so honorable and so good I love you I just don't think that the product is the right fit with me so for that reason I'm out thank you so much Laura I appreciate it Daniel what are you doing I love you man because you're so honest you're so honest and you're so real and you don't give up and you're hanging by a thread and you're just going for it so I would love to give you a hand I will give you the sixty thousand dollars and I'll do my best to give you a hand for you 20 thank you so much wow he just offered you exactly what you came and asking for wait wait wait wait wait wait let's talk if you were to send an order to somebody and it didn't have the fancy bag what what would they still be happy I mean there's a handsome guy on the back of there but um but not really but yes they will they will be you're not gonna care right correct right so you can add almost 10 more a dollar fifty more per unit you sold 12 000 units right that's 18 000 in your pocket if you don't use these so now all of a sudden you're making money so I'll do the deal I can help you just with basic guidance right so I'll give you the the 60 grand for the 20 wow what are you looking for what do you need manufacturing and inventory for sure well you do have two offers Damon what are you doing I think you need to consider the offers on the table yeah for sure I want to say I I love the way you feel about me I I appreciate that passion and that really made me tear up and I appreciate that I'm glad that you see that I mean I'm glad all of you see that on me because I'm very hard on myself because I have to be that rock for my son I can't let him see the struggles that I do go through um but with that being said uh Mark you got yourself a deal let's go congratulations [Music] thank you luckily thank you so much do I help clean this up don't worry about that don't worry don't worry about that all right welcome man I've seen an entrepreneur pick up his own trash I know [Music] though I love Daniel and I loved his offer and I appreciate him uh I felt like Mark was more up my alley and I feel like I can expand more with having someone like Mark Cuban on board before you go don't forget to subscribe to the Shark Tank Youtube channel and click on that notification Bell to keep up with everything that's bubbling in the tank

Channel: Shark Tank Global

Views: 621,751

Keywords: Shark Tank, Shark Tank US, Shark Tank Australia, Kevin O’Leary, Barbara Corcoran, Daymond John, Robert Herjavec, Mark Cuban, Lori Greiner, Dragons’ Den, Money Tigers, Entrepreneurship, investment, reality tv

Id: rfnl-HT9V88

Length: 12min 1sec (721 seconds)

Published: Sun Aug 27 2023