I spoke with entrepreneur Jim OāBrien to get a Man Medals update on his progress since appearing in episode 505. Jim had a very funny and good-natured pitch and product, but it wasnāt enough for the Sharks to invest in. He left the Tank with no deal, but this Man Medals update has a very happy ending! After the show Jim had a lot of investor interest and he found someone willing to give him the deal he was asking for in the Tank ($10K for 10%); wait until you find out who it is!
Man Medals Update: Background info
Jim OāBrien is no stranger to mass media. The velvet toned entrepreneur is anĀ executive producer and sports broadcaster forĀ WCSX 94.7, Detroitās classic rock station. āIt was either that,ā Jim jokes, āor the drive-through at Wendyās!ā The idea for Man Medals is no secret: it started as a joke between Jim and his wife. āWe started the business in November , 2012. I made sure we had all the trademarks in order and started selling them locally. People loved them.ā
āThere was some blowback from a few people. I remember one bloggerĀ took offense to the idea because āit promoted women doing household chores.ā Ā I talked to the woman and tried to tell her itās where youāre at in life that makes it funny. I told her: āwith all due respect youāre 23 and youāre not married, so maybe you arenāt supposed to get the humor in it.ā Itās one of those things: if you internalize everything you end up being a Yankees fan!ā
Jim didnāt need to wait long for his big chance. āI sent in an application and got a call back asking to do a video. Iām convinced the video sold them. I had a male model (my exact body double) vacuuming the house, putting on a toilet paper roll, etc. They must have liked it because they called back. Luckily, Ahmad ā my video model ā had moved to California a few months before we taped, so he got to recreate the role on Shark Tank. After we taped, we re-did the website.ā
Man Medals in the Tank
āI didnāt know what to expect, but none of the Sharks were mean or anything. Right before we taped, we had a retail display product thatās currently selling well. It was ready 5 days before I went to LA. I would have liked to have had more sales before we went on, but when Shark Tank calls, you go!ā
āWe werenāt taping that long, but I would have liked the discussion about medals in general to have made the cut. Iām a Navy veteran from the submarine service and there was a whole discussion about why guys like medals. They cut that.ā
Man Medals Update on New Investor
āObviously, we didnāt get a deal, but we had a lot of interest. The website crashed twice, so that was a āFAIL.ā The most interesting thing was I received nine or ten inquiries from would-be partners after we aired. While vetting the inquiries, I discovered one was from actor/comedian Kevin Brown from Thirty Rock; heās the guy who plays āDot Com.ā He said heād do the same deal I asked for on the show: $10K for 10%. I just cashed his check, so we can keep the lights on for another month!ā
āKevin plans to be active promoting the brand. Having aĀ celebrity at your booth is great at trade shows. Heās also planning on doing a āmanly comedy nightā where we promote them. Itās cool having him on board, you send out so many things and get so many inquires, when you actually hear from someone whoās serious, itās pretty damn cool.ā
āOne of the things weāre working on came from Loriās suggestion (also not shown on air). She thought it would be great to have individualized medals, so weāre working on a solution for that. Itāll be out in the first quarter. The increase in salesĀ has been absolutely mind-boggling ā and it continues because people DVR stuff and catalog stuff in their heads. A lot of people are ordering Man Medals for stocking stuffers. We got retail opportunities that wouldnāt have happened if we werenāt on Shark Tank. Itās not a quick process, but we have to have volume.Ā I donāt know where its gonna go, but its gone faster because of Shark Tank.ā
Parting Thoughts
Jim struck me as a guy who likes to have fun with his business, but when I asked him what inspires him, he got serious. āWhen I was on Shark Tank I was crushed. It took me a few weeks to get over it, then I thought of a friend of mine whose husband was a Detroit police officer killed in the line of duty. That level of loss is incomprehensible.Ā We were talking about life one day, and she said, āyou know what ā just keep swimming. If you let people knock you down , keep on swimming.ā When you have those days as an entrepreneur, you keep swimming.ā
Jim answered one other question over at The Hot Dog Truck.
I appreciate his business idea and his claim of being in the Navy for 9 years earning awards is commendable. I was in the Navy for 20 years and earned many medals, however his claim that men want to be rewarded for their chores is a proving point for today’s millenials that want rewards for accomplishing simple, every day tasks. It’s a thanks for going to work celebration and does not warrant a true investor.
He got an investment of $10K. While I agree on the participation award point, the idea of man medals is for a female spouse to bust her man’s balls – just sayin…..