Shark tank simple sugars mark cuban biography

What do Lani Lazzari of Simple Sugars, Megan Gage of Hot Tot and Dallas Robinson of Kisstixx have in common? We watched these three entrepreneurs pitch their beauty companies on ABC’s Shark Tank. As if that task wasn’t daunting enough, impressively, they each convinced Mark Cuban to invest in their respective business. These entrepreneurs exhibited at Cosmoprof in Las Vegas where Haute Living had a chance to profile each of the talented young innovators.

Founder: Lani Lazzari

About Simple Sugars: Simple Sugars makes all-natural handmade skincare products especially formulated for sensitive skin. Specifically, body, facial and foot scrubs gently exfoliate and moisturize leaving your skin its smoothest.

Q&A With Lani

You’re only 20 years old!  How did you get the funds to start your business at such a young age?
When I first started out, I borrowed $2,000 from my aunt to launch my website, then all of the rest of the business was financed on my mom’s credit cards because I couldn’t even get a credit card in my name, let alone a loan. I didn’t have a lot of capital to finance it.  It was always about growing Simple Sugars in a sustainable way where the startup costs would be low and we could continue to use the small amount of profit to invest back into the business. It was a fantastic way for us to grow in a sustainable manner while I was still so young, especially for the first 3 years when I was still in middle school – I had a very limited amount of time.

Were you nervous to go into the Tank and pitch your business?
No, I wasn’t really that nervous going into Shark Tank because at that point, I had been doing the business for 7 years and I really felt like I was an expert in it. I knew absolutely everything about my business so I knew they weren’t going to have any questions that I couldn’t answer. I think that helped

Eighteen-year-old Lani Lazzari created a line of all-natural skin care products. Will she earn a deal on Season 4? Find out in our Simple Sugars update!

Shark Tank Simple Sugars Update

• Entrepreneur: Lani Lazzari
• Business: All-natural sugar scrub
• Ask: $100,000 for 10% equity
• Result: $100,000 for 33% equity
• Shark: Mark Cuban

The sharks were very impressed by Lani when she shared the story behind her product and company, Simple Sugars. Lani began working on Simple Sugars when she was eleven years old. Dissatisfied with the skin care products on the market, which were often expensive and provided her no relief for her eczema, Lani began researching skin care and developing a product that would help her.

Lani invited Lori Greiner to try Simple Sugars during the pitch, and Lori confirmed that the scrub worked well. The sugar helped exfoliate her skin while the essential oils moisturized her hands. Lani shared that her product not only helped her own eczema, but also helped improve her aunt’s psoriasis.

Daymond John asked where Lani was selling her product, and Lani said that approximately 60% of her sales were through the company website. The rest were sold through wholesalers, and Simple Sugars was featured in the “largest local high-end grocery store” in Pittsburgh where Lani lived.

Robert Herjavec asked about sales, and Lani said they had grossed $55,000 that year so far. Kevin O’Leary asked how much she projected to make by the year’s end, to which Lani answered $100,000, 75% to 80% of which would be profit thanks to her robust m

Mark Cuban, most known for being an investor on the reality show Shark Tank, was born on July 31st, 1958, in Pittsburgh, Pennsylvania.

Cuban has not always been the billion-dollar investor we know today; he had very meager beginnings, in fact. Cuban has stated he only had 60 dollars, a case of oil in the trunk, and a floor to sleep on after graduating from college. Although, he overcame that and rose to the top! He has had many business ventures in his lifetime, so let us jump right on into it!

One of Cuban’s earliest ventures was offering disco lessons while he was attending college. He also ran a chain letter scheme during this time. As stated previously, Cuban had only 60 dollars to his name after graduating college; nonetheless, he moved to Dallas, Texas, and began what would be a long line of business and career ventures. 

When Cuban first got to Dallas, he began working at Your Business Software, a PC software retailer. Although, the job did not last long, Cuban was fired because he went to speak to a potential business client instead of opening the store.  

In the years following, he launched his first majorly successful company, MicroSolutions! The company specialized in systems integration and software reselling. Cuban later sold the company for 6 million dollars! 

Before we move on discussing Cuban’s role on Shark Tank, let us talk about some of his other business ventures and investments!

Cuban is the proud owner of the NBA team, Dallas Mavericks! He acquired the team in 2000 when he purchased it from former owner Ross Perot Jr.!

He is also a co-founder of 2929 Entertainment! The company produces digital entertainment, including movies and TV shows. Since Cuban owns 2929, he also owns the renowned independent film company Magnolia Pictures. The film company is a subsidiary of 2929 Entertainment, and they have produced many hit films. Some of those hit films include V/H/S, Mr. Nobody, and Tucker &a

American entrepreneur and businessperson

Lani Lazzari is an American entrepreneur and businessperson, who is best known for founding the cosmetics company Simple Sugars, which she did when she was 11 years of age.

Early life

Lani Lazzari was born in Pittsburgh, Pennsylvania to Gina Lazzari. and Donald Lazzari. She stated that she suffered from eczema when she was a child. Lazzari completed her high school education at The Ellis School and was accepted at George Washington University, but dropped out before attending. She was accepted into the Thiel Fellowship in 2017.

Career

Lazzari had stated that she had strived to try to create a skin-care product to help cure her eczema after being unsatisfied with what the market had to offer. After finding her products worked, she then proceeded to start a small-business which she named "Simple Sugars" in 2005.

In 2013, Lazzari appeared on the American reality show Shark Tank where she sought an investor for Simple Sugars, a cosmetics company. She had Lori Greiner demo the product during her presentation. One of the sharks, Mark Cuban, made an offer at $100,000 for a 33 percent equity stake. Lazzari accepted the offer with Cuban. A year later, Lazzari appeared on Shark Tank once again for a business update. According to a report made by CNBC, as of 2018, Simple Sugars has grossed over $30,000,000.

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