Nouri: Stasher raised $500K from a friend's brother post-Shark Tank
Kat Nouri · Stasher and Modern Twist: Kat Nouri · Nov 22, 2021 · at 49:54
Kat Nouri founded Stasher, a reusable silicone bag brand. After walking away from Shark Tank negotiations with Mark Cuban, she received alternative angel funding triggered by the episode broadcast.
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“I had one friend whose brother had seen the show, and, He said, I don't care what anybody says. You're a complete badass, and I want you to run the company exactly the way you're running it, and here's a half a million dollars without any questions. So I took the money from my friend's brother. And I didn't have to take the Sharks money.”
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“Being first to market has the biggest advantage you could have with getting in front of the buyers, being in the market, getting first positioning. It has the biggest advantage of anything.”
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“The independent designers or the independent retailers did so much more for us because they could explain the product in person, and so their sales volume was so good, I didn't really need to be in those stores.”
Nouri: Ahmed Rahim Threatened to Drop Her Unless She Built for Impact
“And at one point, Ahmed turned around and said to me, I'm just not going to support you anymore or be your advisor if you don't think of some other way to produce something that actually has the ability to have change.”
Nouri: Packaging from Single-Use Items Makes Up 45% of Landfill Waste
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Nouri spent $25K negotiating with Mark Cuban before walking away
“In the end, we spent, like, 20, 25,000 dollars on the negotiations, and I really wanted to make it happen, but I wanted a deal that basically let me still run the company the way I wanted to, and I couldn't get that deal, and I had to walk away.”