Today, First Defense Nasal Screens is available in over 50 countries worldwide with patents issued in India, Japan, China, US, Canada and Europe. With overseas contracts awaiting him and a plan for expansion in the East, Joe decided it was in his best interest to walk away from the Shark Tank deal. Kevin O’Leary, Daymond John and Mark Cuban $750,000 for 30% + 10% royalty in perpetuity + season tickets Non inserted, hypo allergenic, self-adhering nasal nose filter : Joe wants more money to help fulfil his first order.Ĭounter Offer: $1.2 Million for 30% + 10% perpetual royalty.Revised Offer: Kevin, Mark and Daymond at $750K for 30% + 10% perpetual royalty He and Mark bring Daymond into a newly structured offer. : He asks Joe to step out of the tank.: He can’t get to Joe’s $5 Million valuation.: Joe turns his attention to Robert and lets him know he wont sell First Defense for $2 Million.Ĭounter Offer to Robert: $5 Million for 100% + 15% royalty to Joe + continue as an employee.Revised Offer: Kevin and Mark at $500K for 20% + 15% royalty : “You want the billion dollar guys, not the small fry.” He recruits Mark for the deal.Offer: $2 Million for 100% + 10% royalty to Joe Revised Offer: $1 Million for 30% + 10% royalty until $1 Million is recouped Offer: $500K for 15% royalty until $500K is recouped + 20% equity : She thinks the cost of educating people about the product will be high.Here’s a quick recap before we dive into First Defense Nasal Screens’ Shark Tank update. In Season 2 Episode 2, Joe Moore appeared on Shark Tank seeking $500,000 for 10% – a $5 Million valuation for his nose filters, First Defense Nasal Screens.
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