19-year-old Tania Speaks, owner of Tania Speaks Organic Skincare, recently landed the opportunity to be on ABC’s hit show “Shark Tank.” The show features entrepreneurs who get the opportunity to pitch to what is considered one of the toughest investor panels in the country. Speaks’ brand did $2.4 million in sales since 2020, the owner netting $700,000 in profit. While the investors were impressed, none of them made an offer, Cuban choosing to invest only after hearing Speaks’ inspiring story.
According to CNBC, the teen launched her company in 2017, years after being bullied in school because of her bushy eyebrows, going all the way back to elementary school. By high school, Speaks had developed an organic growing and styling eyebrow gel, some of her first customers being her classroom peers. She began selling her product in those high school bathrooms, working her way up to trade shows and eventually launching her own website. Now the Tania Speaks Organic Skincare brand boasts a wide variety of products including cleansers, toners, moisturizers and even beard oil.
Cuban and Speaks ended up negotiating a $400,000 investment deal in exchange for a 15 percent stake in the company. The teen entrepreneur said she couldn’t have dreamed of a better deal.
News Source: BOTWC / Written Credits: BOTWC