Asked $50,000 for 12% · Deal $50,000 for 20% with Daniel Lubetzky
Davon Larson and Paul Huang of Santa Cruz pitched Surf Skull, a low-profile surf helmet styled like a bucket hat with a hidden bump cap of non-Newtonian foam that stiffens on impact. Davon dreamed it up after his own surfboard hit his head and he bled into the water; he found one in four surfing injuries involve the head but only 2% of surfers wear helmets because they're bulky. Lifetime sales were about $100,000 over two years, slowing while they developed Version 2. Kevin O'Leary wanted expansion beyond water sports, which the founders declined, and Lori Greiner passed. Barbara Corcoran offered $50,000 for 15%, and Daniel Lubetzky and Daymond John each offered $50,000 for 25%. The founders countered Daniel at 20% and he immediately accepted.
“Davon stumbled mid-pitch, laughed it off, and said he was fine thanks to the product, turning a slip into an accidental helmet demo.”
- Interested
- Daniel Lubetzky, Barbara Corcoran, Daymond John
- Out
- Kevin O'Leary, Lori Greiner
Where they are now:OperatingFull update →
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