Sperry Farms grandsons land $250,000 deal with MrBeast on 'Shark Tank'
Andrew Brown and Kevin Langdon, grandsons of the Sperry Farms family, accepted $250,000 for 55% of their AI-powered toy ball company from MrBeast on the Sept. 30 Shark Tank season premiere.
Andrew Brown and Kevin Langdon — grandsons of the Sperry Farms family and the founders of Sperry Labs — walked into the Shark Tank Season 18 premiere on Sept. 30 asking for $200,000 for 10% of their company. They walked out with a very different deal: $250,000 for 55% of the business, from guest shark MrBeast and Beast Industries CEO Jeff Housenbold.
The deal
The pair came in valuing their company at $2 million. Instead of a minority stake, they accepted a majority sale, giving MrBeast and Housenbold controlling interest in the company behind Ball 2, an AI-powered toy ball.
The numbers
According to reports on the episode, the company had done about $74,000 in sales across roughly 1,300 units. The ball retails for $69 with a unit cost of about $13.29.
What comes next
Housenbold pointed to Beast Industries' retail distribution muscle, naming Walmart, Target, and Amazon as channels that could take the product far beyond its current footprint.
The episode aired Sept. 30 as the Season 18 premiere.
Sources
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