Zarb Shark Tank Winners Featured in Forbes!

Last year, we wrote about three Zarb alumni being featured on “Shark Tank” — and getting $75,000 from this appearance. Click here to read that post.

As a follow up, Forbes — one of the leading business magazines — very recently did a MAJOR article on our Shark Tank alums, reported by Ky Trang Ho. Here are a few excerpts:

“How often do you sit in a stadium that’s so cold you need heat under your rump? It’s probably about as often as you would need to store your valuables in a white plastic box with a resettable combination lock that attaches to a lounge chair.  Robert Peck, Avin Samtani, and Jonathan Kinas are a trio of friends genius enough to think of the AquaVault. They launched it in summer 2013 after two years of development. To bootstrap their Aventura, Fla.-based business, they gave up six-figure salaries in financial services and industrial contracting, cashed out retirement savings and sold their homes.”

“After Shark Tank, sales spiked more than fivefold from $87,000 to $500,000. Sales are expected to top $2 million this year and a mind-blowing $10 million annually within five years.” According to Kinas: “Before Shark Tank, we had the AquaVault at a majority of the hotels in South Beach, Florida. Aside from this rather small stretch of real-estate, we had a minimal presence elsewhere. After the airing, we received countless inquiries from all around the world. Some of the biggest accounts we landed were Disney World, SeaWorld, Norwegian Cruise Line, and Brookstone to name a few.”

Click the image to read more of the Forbes’ article:

Men’s fashion mogul Daymond John (in the jacket and tie) invested $75,000 for 25% of AquaVault on Shark Tank.

 

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