Wed. Nov 30th, 2022

Fxtriangle | Market analysis | Managed trading

Fxtriangle will make Fx trading look easy.

Mark Cuban’s investment turned into $294,000 in sales in a year

1 min read

Mark Cuban

Adam and Katie Stephey, a husband-and-wife duo from Normal, Illinois, appeared on Friday’s episode of ABC’s “Shark Tank” with a pitch the Sharks thought was a joke — but the co-founders ended up with a six-figure investment from Mark Cuban.

“Introducing our most successful product to date, the Toilet Timer,” Adam told the Sharks. “This is a sand timer that I invented. It gives you about five minutes to do your business, so you don’t miss anything important.”

Adam thought to create the Toilet Timer after he realized he was spending too much time in the bathroom, he said. “It’s primarily a gag gift.”

All five investors were skeptical – “Oh hell no,” Cuban said at first, and Barbara Corcoran added, “You can’t be serious.”

But, after Adam revealed the product’s sales, the Sharks were intrigued.

With $300, Adam started his company called Katamco, which sells the Toilet Timer, in 2017, he said, but sales of the timer began to pick up in 2019 during the holiday season. As a result, he generated $294,000 in sales that year, he said, and projects that by end of 2020, he will make $1 to $3 million in sales. At the time of filming, the company had already made $318,000 in sales, he said.

Leave a Reply

Forex trading and any instruments related to Foreign Exchange Market are Speculative and carry substantial risk of loss of either partial equity or the entire deposit amount. Leverage adds up to the risk, before considering to invest in this venture, you should first consider your financial position and may seek the help of an independent financial advisor. FXtriangle dis-recommends the usage of loan instruments to trade in this market as it can hamper financial position. Please do not invest the money that you cannot afford to lose. FXtriangle provides all its services throughout the Globe Excluding (Nigeria, British Virgin Island & the Islamic Republic of Iran) and also provides limited service in some jurisdictions where investment in Overseas markets / Fx Exchanges are prohibited by Law If you are not sure to contact us before using any of our services. FXtriangle acts as an Independent Corporate Financial Advisor and connects you to various overseas exchanges and cannot be held liable for any financial damage occurring through their side. All of our partnered institutions are regulated in various jurisdictions.FXtriangle conducts an independent background check before partnering with any institutions to fulfill your investment objectives smoothly. The usage of our Business name, Logo or any trademark in any financial forum, website, review website, complaint arena, Billboards without our written permission will attract lawsuits.