Mad Rabbit Tattoo Shark Tank Net Worth | Mad Rabbit After Shark Tank
Mad Rabbit Tattoo Shark Tank Net Worth
As of 2022, the net worth of Mad Rabbit Tattoo is estimated to be around $5 million
.Mad Rabbit Tattoo is a tattoo aftercare brand that was featured on Shark Tank. The company was founded by Zachary Bozeman and Caleb Beckham. On the show, they pitched their product to the sharks and requested $500,000 in exchange for a 5% stake in their company.
After making a deal with shark Daymond John, Mad Rabbit Tattoo has seen significant growth in sales and expansion of their product line.
What is Mad Rabbit? Who is the Founder of Mad Rabbit?
Mad Rabbit is a company that specializes in providing tattoo aftercare solutions, using natural products to help tattoos appear healthy and renewed. The company was founded in January 2019 by Selom Agbitor and Oliver Zak, who met as students at Miami University and became friends.
The inspiration for the company came when Oliver got his first tattoo and was surprised to be recommended petroleum jelly for healing.
The two friends began experimenting with different recipes and eventually created their first product, a 100% natural tattoo balm made from ingredients like Shea butter, cocoa butter, beeswax, and calendula.
Their products are made with natural ingredients and are formulated to help tattoos heal properly while keeping them looking fresh and vibrant. Mad Rabbit offers a range of products including tattoo balm, lotion, gel, sunscreen, and body wash, all designed to help people care for their tattoos without using harmful chemicals.
Despite still being in school at the time, Mad Rabbit quickly found success, selling over $400,000 worth of products and experiencing strong sales in 2020 despite the challenges of the pandemic.
In Shark Tank Season 12 Episode 18, Mark Cuban invested $500,000 for 12% equity in the company after being impressed with their business idea.
What Happened to Mad Rabbit at Shark Tank Pitch?
During the 18th episode of the 12th season of Shark Tank, Mad Rabbit’s founders, Oliver and Selom, presented their business to the Sharks in hopes of securing a $500,000 investment for a 5% stake in their $10 million-valued company.
Despite some initial doubts about the valuation, the Sharks were impressed by Mad Rabbit’s one-month sales of $300,000 and 2020 sales of $1.7 million, as well as their all-natural product and strong Instagram following.
The Sharks asked for more information about the company’s sales and marketing strategies before Mark made an offer of $500,000 for 12% of the company, which was accepted by the founders.
However, Mark declined to work with Lori. Mad Rabbit’s success is attributed to their all-natural product, subscription service with over 5,000 users, and large Instagram following of 90,000 users. They expect to sell $3 million in the current year and initially started with only $300.
While Kevin offered a loan of $500,000 for a 5% stake, Barbara and Daymond ultimately decided not to invest.
What Happened to Mad Rabbit After Shark Tank?
Oliver and Selom, the founders of Mad Rabbit, appeared on an episode of Shark Tank in Season 12 in order to pitch their company asking for an investment of $500,000 for a 5% stake in their business, which they valued at $10 million.
Mark Cuban invested $500,000 in return for 12% equity in the company. In December 2022, Mad Rabbit launched two new products including Numbing Cream and Bar Soap Duo.
The company is still listed on Mark’s website and has been getting a good response on Amazon with more than 11,817 people rating their Tattoo Enhance Balm & Aftercare Cream product globally
As of October 2022, this company has generated $14 million in sales since appearing on Shark Tank. They have forecasted to earn approximately $20 million by the end of 2022.
Net Worth of Mad Rabbit
During and after their pitch on Shark Tank, Mad Rabbit’s company was valued at $10 million. However, since then, the company has been performing well in terms of sales, with an annual revenue of $3 million in 2021. This suggests that the company’s net worth has increased.
Mad Rabbit FAQs
What is Mad Rabbit?
Mad Rabbit is a company that deals and deliver tattoo aftercare solutions. The firm creates natural treatments that make tattoos appear healthy and renewed.
Who is the Founder?
Mad Rabbit is owned and founded by Selom Agbitor and Oliver Zak. The couples were students at Miami University prior to developing this new tattoo aftercare solution. After getting their hands on numerous e-commerce businesses, they decided to create their own company together.
How much were asking on Shark Tank?
They were seeking for $500,000 for a 5% stake in their business, which was valued at $10 million.
Did they have the deal?
Yes, they have the deal from Mark.
How much was the deal?
Mark offered $500,000 to them in exchange for 12% of their company. But the deal was never completed with Mark.
Is Mad Rabbit still in business?
They were still in business with $3 million in annuals sales as of December 2021.
What is the episode was featured on Shark Tank?
Mad Rabbit Shark Tank Season 12 Episode 18 Recap
Is it possible to get a vegan Mad Rabbit tattoo?
Only 7 all-natural, vegan, and cruelty-free ingredients are used to soothe, protect, and hydrate. There are no harsh chemicals, parabens, or sulfates.
Whether you have delicate skin or a tattoo in a sensitive part of the body, Mad Rabbit is the way to go.
Is it OK to apply Mad Rabbit on a new tattoo?
For a more effective outcome, use Mad Rabbit Soothing Gel instead. 3. Do not use a towel to wash or scrub the tattoo – only use clean hands to wash the tattoo when it is healing. For the greatest effects, follow with Mad Rabbit Soothing Gel.
How frequently should Mad Rabbit be used?
Apply every day for optimal results, but observe effects with only one application. It works on both fresh and existing tattoos. Products are automatically sent according to their preferences.
How long does Mad Rabbit take to work?
When applied within two weeks of obtaining the tattoo, their Soothing Gel uses the natural power of vitamin C, sweet almond oil, and Aloe Vera (among others) to decrease scarring and tissue damage.
Is there SPF in Mad Rabbit?
Mad Rabbit SPF Protection is designed to protect their older tattoos from dangerous UV rays. Try Mad Rabbit Soothing Gel for fresh tattoo care. Our SPF Protection, like other Mad Rabbit products, is intended for use on people of all skin tones.
Where can I find Mad Rabbit?
Mad Rabbit is a tattoo aftercare firm headquartered in California that offers natural solutions for skin and tattoo upkeep. Mad Rabbit was founded in 2019 and is based in Los Angeles, California.
What is the best way to cure a tattoo?
Make sure the artist applies a thin coating of petroleum jelly and a bandage on the new tattoo. After 24 hours, remove the bandage.
Wash the tattoo gently with antibacterial soap and water, and then pat dry. Apply an antibacterial/Vaseline ointment twice a day, but do not cover with another bandage.
Is Mad Rabbit oily?
The product was fantastic; it revitalized a five-year-old tattoo, making it appear brand new. Mad rabbit absorbs quickly and readily without leaving a greasy film on the skin.
Is Mad Rabbit suitable for aftercare?
Ingredients for fresh tattoos that are natural and organic – Mad Rabbit is dedicated to tattoo aftercare using all-natural components that calm the skin, particularly in the weeks after the artwork.
Increase skin regeneration and health – Their special Soothing Gel works quickly to help restore ones skin’s health.
Is Mad Rabbit sunscreen water resistant?
5.0 stars out of 5 it works and remains in place in the water!
Is Mad Rabbit safe?
Mad Rabbit’s new SPF 30 sunscreen shields their new or previous tattoos from dangerous, fading UV radiation every day! Sun damage is a risk for all tattoos.
What is the net worth of Oliver Zak?
Oliver Zak’s net worth is unknown.
What is the net worth of Selom Agbitor?
Selom Agbitor’s net worth is unknown.