Last week, Mark Cuban made his largest deal in “Shark Tank” history. The presentation started by Melissa Carbone entering the “Shark Tank” with someone dressed up as a zombie. Carbone asked for $2 million in exchange for a 10% equity stake. This means that her company Ten Thirty One Productions was given a $20 million valuation. Carbone said that their most popular attraction the Los Angeles Haunted Hayride sells out every 17 days that it runs in October.
“We do about $1.8 million dollars right now per October,” said Carbone. All the “Sharks” said “whoa” after hearing that figure. It costs $1.2 million to produce the Haunted Hay Ride so she walks away with $600,000 in cash at the end of the 17 days.
Daymond John, one of the “Sharks” proposed $2 million for a 40% stake in the company. She counted with “$2 million for 20%.” Mark Cuban, the prominent tech investor, said “done!” This was the largest deal made on “Shark Tank” so far.