Woman breaks down as she’s offered $250K on Shark Tank for eight-hour-a-day ‘side hustle’

As a dedicated follower of Shark Tank, I can wholeheartedly say that the latest episode left me in awe, and not just because of the high-stakes investments and entrepreneurial spirit on display. The story of Ashley Sankar and her clothing startup NineteenTwenty touched my heart in ways that few television moments have managed to do.

During the most recent episode of Shark Tank, a woman who puts in 50 hours of work each week found herself shedding tears as investor Robert Herjavec proposed a deal: he would provide $250,000 for a share in her part-time business endeavor.

Ashley Sankar, who spends 10 to 12 hours daily at her main job and another 6 to 8 hours in the evening working on her additional venture, made an appearance on ABC alongside her husband and business partner Zach, presenting their clothing startup, NineteenTwenty.

Nevertheless, the significant television appearance they had on Friday didn’t pass without its shares of triumphs and tribulations. Promptly, entrepreneur ‘Shark’ Mark Cuban pointed out flaws in their financial status.

‘The numbers aren’t adding up! One of the biggest challenges is fully understanding accounting and managing your cash flow,’ he said.

Ultimately, Kevin O’Leary and Robert Herjavec were the ones to extend an offer to Ashley and Zach. They pledged to invest $250,000 in exchange for a 25% ownership share of their company, NineteenTwenty.

Meanwhile, as Ashley was trying to negotiate and give him a 20% share, but Robert, aged 62, refused before she emotionally expressed: “I wish my mother could witness this.

Swiftly rising from her chair, Lori Greiner moved to embrace Ashley, while Zach shared the heartbreaking news that his wife had lost her mother at the tender age of eight.

In tears, Zach conveyed to the investors: “Ashley and I have been sweethearts since high school, and we’ve journeyed together to reach where we are now. Our start was in retail, then corporate roles, always determined, and today, standing here is truly a dream come true.

Next, the camera shifted focus back to Robert, noticeably moved and trying to regain his composure. He then addressed the couple, saying, ‘Growing up, I didn’t have much, but my mother always believed in me, regardless of circumstances.’

What I mean is, finding self-belief when no one else did boosted my confidence, which led me to be where I am today. Similarly, you have that belief within you, and with a remarkable partner by your side, you’re an unstoppable team. Nurture that faith, and someday you’ll find yourself seated in this very chair.

‘Why are we squabbling about five per cent?’ he then asked, as Ashley blurted out: ‘We’re not!’

In response to his proposal, Robert said again, “Let’s create something amazing!” Ashley immediately responded with enthusiasm, “Count us in!” This excited exchange caused Robert to leap from his chair for a hearty embrace with Ashley.

At NineteenTwenty, we offer a variety of clothing items like puffer jackets, windbreakers, and skirts. What makes them special is that some of these pieces transform into practical items such as totes, pillows, or blankets.

Zach shared earlier in the program that the duo had commenced their clothing sales venture back in December 2022, generating approximately a quarter of a million dollars ($269,000) as their annual income the previous year.

Apart from him, Ashley too detailed the fact that they’ve managed to sell every quarterly shipment of apparel they’ve received from their manufacturer. If only they had the means for bigger inventory investments, they could have made even greater earnings.

As reported by GCU News, Zach revealed his excitement about their achievement on Shark Tank five months following the taping, stating, “It’s quite unbelievable. We’ve had to keep this under wraps for a significant period from many of our clients.

It’s great to know they’ve had a chance to view our work from the past year. Our website traffic has significantly increased, with twice as many sessions recorded compared to before.

100% of our customer base is made up of newcomers, which is great since we have a widely recognized brand. It’s always refreshing to introduce our product to people who haven’t encountered it before.

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2024-11-14 01:36