When it comes to the hit TV show Shark Tank, there have been countless entrepreneurs who have stepped into the tank hoping to secure a deal with one of the wealthy investors. One such entrepreneur was Anthony Franco, the founder of Mcsquares.
On his episode of Shark Tank, Franco was seeking a $300,000 investment for 10% equity in his company, which had a valuation of $3 million at the time. However, after negotiations, he accepted an offer from Kevin O’Leary. O’Leary offered Franco $300,000 in exchange for 25% equity, decreasing the company’s valuation to $1.2 million.
But the story doesn’t end there. The terms of the deal were later modified, allowing Franco to retain 11% equity while maintaining a valuation of $2.7 million. This adjustment proved to be a game-changer for Mcsquares.
- Mcsquares founder Anthony Franco appeared on Shark Tank seeking a $300,000 investment for 10% equity.
- After negotiations, Kevin O’Leary offered $300,000 for 25% equity, valuing the company at $1.2 million.
- The deal was later modified, allowing Franco to retain 11% equity with a valuation of $2.7 million.
- Mcsquares experienced significant success and growth following the Shark Tank appearance.
- The company’s annual revenue is currently $3 million as of July 2021.
Mcsquares Success and Growth
Since its appearance on Shark Tank, Mcsquares has experienced significant success and growth, thanks in large part to the investment from Kevin O’Leary. The company saw remarkable growth of 600% in 2020, a testament to the appeal and demand for their innovative products.
In response to this exponential growth, Mcsquares made the strategic decision to move to a larger facility. They now operate out of a spacious 25,000-square-foot facility located in Colorado, allowing them to meet the increasing demand for their magnetic, interactive whiteboards.
One of the key milestones in Mcsquares’ journey post-Shark Tank was securing a contract with the Novi School District. This contract involved the supply of 6,000 whiteboards, further contributing to the company’s revenue and establishing their reputation in the education sector.
The Success Continues
Even as Mcsquares continues to thrive, they remain committed to raising funds through crowdfunding initiatives. This approach not only helps them secure the necessary capital for expansion but also allows them to engage with their enthusiastic customer base and build a community around their brand.
As of July 2021, Mcsquares boasts an impressive annual revenue of $3 million. This success is a testament to the vision and entrepreneurial spirit of Anthony Franco, the founder of Mcsquares. With his background in engineering and design, and having successfully founded and managed multiple companies, Franco has proven himself as a skilled innovator and entrepreneur.
About Mcsquares and its Founder
Mcsquares, founded by Anthony Franco, is a company that specializes in magnetic, interactive whiteboards designed for collaborative use during meetings. Their unique product features three distinct surfaces: a whiteboard, a chalkboard, and a clear surface. This versatility allows for dynamic engagement and creativity in various work settings.
Anthony Franco, the inventor and founder of Mcsquares, hails from Colorado and has a background in engineering and design. Prior to Mcsquares, he founded and managed Effective Inc., showcasing his entrepreneurial skills and passion for innovation. Over the years, Franco has successfully created and sold five companies, demonstrating his expertise in business development and leadership.
Mcsquares is not only committed to offering innovative products but also to making a positive impact on the environment. For every product sold, the company plants a tree through the Trees for the Future program. With over 40,000 trees planted so far, Mcsquares actively contributes to environmental sustainability. They have also made strides in reducing their carbon footprint by transitioning to a wind-powered facility.
The Visionary Founder: Anthony Franco
Anthony Franco, the creative mind behind Mcsquares, has received numerous accolades and recognition for his entrepreneurial accomplishments and technological innovation. His passion for creating practical and environmentally friendly solutions has positioned Mcsquares as a leader in the industry.
|Awards and Recognition
|Technology Innovator Award
|Entrepreneur of the Year
|Business Excellence Award
As Mcsquares continues to thrive under Anthony Franco’s leadership, the company remains dedicated to providing innovative and sustainable solutions for the modern workplace. With their versatile whiteboards and commitment to eco-friendly practices, Mcsquares is poised to make a lasting impact in the business world and beyond.
Mcsquares Impact and Sustainability Efforts
When it comes to making an impact, Mcsquares is not just about providing innovative and versatile whiteboards. We are also committed to sustainability and eco-friendly practices, ensuring that our company’s growth aligns with our values.
One of our biggest sustainability efforts is our tree planting initiative. For every Mcsquares product sold, we plant a tree through Trees for the Future. To date, we have planted over 40,000 trees, contributing to reforestation and environmental preservation.
But that’s not all. We have taken steps to reduce our carbon footprint by moving our operations to a wind-powered facility. By harnessing the power of renewable energy, we are minimizing our impact on the environment and working towards a greener future.
At Mcsquares, sustainability is not just a buzzword. It is a core principle that drives our decisions and actions. We believe that businesses have a responsibility to prioritize the planet, and we are proud to play our part in creating a more sustainable world.
What was the valuation of Mcsquares before appearing on Shark Tank?
Mcsquares had a valuation of $3 million before appearing on Shark Tank.
How much investment did Anthony Franco seek on Shark Tank?
Anthony Franco sought a $300,000 investment on Shark Tank.
What was the initial equity offer from Kevin O’Leary?
Kevin O’Leary initially offered $300,000 in exchange for 25% equity in Mcsquares.
How were the investment terms modified after negotiations?
The investment terms were modified, allowing Anthony Franco to retain 11% equity while maintaining a valuation of $2.7 million.
What led to Mcsquares’ success and growth?
Kevin O’Leary’s investment in Mcsquares on Shark Tank helped fuel the company’s success and growth.
What was Mcsquares’ growth rate in 2020?
Mcsquares experienced a 600% growth rate in 2020.
Where is Mcsquares located?
Mcsquares is located in a 25,000-square-foot facility in Colorado.
Did Mcsquares secure any notable contracts?
Yes, Mcsquares secured a contract with the Novi School District for 6,000 whiteboards.
How does Mcsquares contribute to sustainability?
Mcsquares plants a tree through Trees for the Future for each product sold and has planted over 40,000 trees. They also operate from a wind-powered facility.
What is the annual revenue of Mcsquares as of July 2021?
Mcsquares has an annual revenue of $3 million as of July 2021.
What is Anthony Franco’s background and entrepreneurial track record?
Anthony Franco has a background in engineering and design and has founded and sold five companies.