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All Sharks
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NewEyeCompany
Deal
Workplace safety glasses that support prescription lenses through foil inserts
Season 2, Episode 9
16-Jun-16
Redcliffe, QLD
Business Services
Entrepreneur Details
Entrepreneur
Andy Mehringer
Gender
Male
Average Age
Middle
Viewers
646000M viewers
Website
neweyeco.com
The Ask
A$150,000
for 20% equity
Implied valuation:
A$750,000
The Deal
A$150,000
for 30% equity
Deal valuation:
A$500,000
+0.0% vs ask amount
Equity changed by
+10.0%
Shark Investments (3 sharks)
Steve Baxter
Investment
A$50,000
Equity
10%
Andrew Banks
Investment
A$50,000
Equity
10%
Glen Richards
Investment
A$50,000
Equity
10%
Additional Details
Pitch #
98
Season
8-May-16 – 7-Jul-16
Sharks in Deal
3
Royalty Deal
No
Deal Conditions
No
Mentorship
No
Multiple Entrepreneurs
No
Panel Composition
Steve
Janine
Andrew
Naomi
Glen