What Happened to Man Medals after the Shark Tank Pitch? Man Medals Shark Tank Update
What was Man Medals? Who was the Founder of Man Medals?
Man Medals were small pins that were given as a “prize” for performing small household tasks that men were often asked to do.
These tasks included things like putting dirty clothes in the hamper, refilling the toilet paper roll, bringing out the garbage, running the vacuum cleaner, asking for directions, or lowering the toilet seat.
Man Medals was founded by Jim O’Brien, who came up with the idea after his wife jokingly asked him if he wanted a medal for putting out the garbage.
The Man Medals company offered six different medals, with proceeds from the sale of a military-themed “coming home to be a daddy” medal going to benefit the Fallen and Wounded Soldiers Fund. Each medal cost $5.00, or all six could be purchased for $25. Jim O’Brien ships Man Medals worldwide.
What Happened to Man Medals at the Shark Tank Pitch?
During his pitch on Shark Tank, Jim O’Brien, the founder of Man Medals, brought a male model with him and pretended that the model was his “perfect physical duplicate” in order to reenact how he came up with the idea for Man Medals.
He was seeking $10,000 in exchange for a 10% stake in his company, which would have valued the company at $100,000.
The presentation generated laughter from the Sharks, but when Jim revealed that he had only sold $2,500 worth of medals, the Sharks began to question the value of the company.
Lori withdrew her interest immediately, stating that she was not interested in the investment. Kevin also believed the valuation was too high for such a “ridiculous product.”
Robert liked the presentation but also withdrew his interest. Mark cited the low sales as a major concern and also withdrew.
Daymond, the last remaining Shark, compared his own experience as a small-time vendor and noted that he didn’t seek financial assistance from anyone, and also withdrew from the investment. In the end, Jim left Shark Tank without receiving an investment from any of the Sharks.
What Happened to Man Medals after the Shark Tank Pitch?
After the Shark Tank pitch, Jim O’Brien’s proposal was rejected by the Sharks but his product received national attention and one important investor, Kevin Brown, a comedian known for his work on the TV show 3rd Rock from the Sun, approached him and invested in the product.
The medals became popular as a novelty item due to Brown’s sponsorship and advertising. The collection included standard medals such as “I picked up my filthy clothes” and “I asked for directions” and more serious themed medals such as a military photograph titled “Coming home to be a Daddy”.
They also had other products like mugs and insulated can holders. The idea may not have been appealing to the Sharks but it turned out to be a profitable venture for O’Brien and his wife.
However, they announced their closure on Facebook on September 30th, 2018, with a message of appreciation for the support and feedback, and apologies if they had insulted anyone. Shark Tank was an amazing experience for them and they wished everyone God bless and to enjoy life.
What is the Net Worth of Man Medals?
Jim O’Brien, the founder of Man medals, was seeking $10,000 for a 10% ownership in the company. This would have valued the company at $100,000.
Who are the Competitors of Man Medals?
There are no competitors identified for Man Medals.
Man Medals FAQS
What was Man Medals?
Man Medals were little pins with a “prize” for performing minor home activities that men are regularly requested to perform.
Man Medals recognizes men for performing simple tasks such as : picked up my dirty clothes, I put the toilet seat down, I took the garbage out, I ran the vacuum cleaner, I asked for directions and I put the toilet paper roll on.
Who was the Founder of Man Medals?
Man Medals is the brainchild of Jim O’Brien.
How much was she seeking in the Shark Tank?
Jim was seeking $10,000 for a 10% stake in his company. This equates to a $100,000 valuation.
Did Man Medals get the deal from the Sharks?
The Sharks did not provide funding to the company.
Where can they contact Man Medals?
Man Medals are no longer available.
Is Man Medals still in business?
They closed the business in 2018.
What can you buy from Man Medals?
This product has been discontinued.
What is the net worth of Jim O’Brien?
Jim O’Brien’s net worth is unavailable.
How much was Man Medals costs to buy?
A package was retails for roughly $5, while each unit is made for $.60 and sold to retailers for around $2.50.
Was Man Medals profitable?
Sales were less than impressive. At the pitch, Jim O’Brien had sold $2500 in medals.
What episode was Man Medals aired on Shark Tank?
This episode aired on season 5 episode 2 of Shark Tank.
Where was Man Medals located?
The firm was headquartered in Detroit, Michigan.