Nathaniel Wellen pitches The Duo, his family business’ latest new product, in Shark Tank episode 1514. Nathaniel is the great granddson of one of the founders of ShedRain, a global umbrella company that’s been in business since 1947. To his credit, he has umbrellas in his blood and patented a design for a dual handled umbrella in 2018.
The product is a two-handled umbrella for use by two people. It doesn’t appear to be in production yet, so he’ll be looking for a Shark to help with that.
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Posts about The Duo on Shark Tank Blog
The Duo Shark Tank Recap
Nathaniel will pitch the panel of five Sharks on the business and its prospects for growth. He’ll need to convince Mark Cuban, Kevin O’Leary, Lori Greiner, Barbara Corcoran and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards.” A full pitch re-cap on The Duo will be available on Shark Tank Blog once this episode airs.
The Duo Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. The business gets an update segment in episode 1519. In the update, Nathaniel says there is no competition for an umbrella with 2 handles because nobody has ever done it. He says he needs a team to get things done because some people won’t take him seriously because he’s a kid. When he appeared on Shark Tank, he had a few prototypes. Now he’s doing a 10,000 unit production run and has commitments from Target, REI, Nordstrom and Macy’s. They’ll also be available on Amazon and Shed Rain.
Nathaniel says other kid entrepreneurs should go for it, you have nothing to wait for. Next is a segment from Nathaniel’s high school. Robert, Mr. Wonderful, Candace Nelson and Nathaniel are presenting to the students. They encourage the kids to start their own businesses.
The Shark Tank Blog will follow-up on The Duo & Nathaniel Wellen as more details become available.
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