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Syracuse, N.Y. ― The bite just wasn’t major plenty of for previous Syracuse basketball manager Hunter Pomerantz and his The Gamers Trunk partners on Friday night’s episode of “Shark Tank” on ABC.
Pomerantz, who worked as a manager for the Syracuse basketball workforce for 4 decades in advance of graduating in 2020, went into the shark tank along with his a few associates, which includes his brother Austin, to pitch their thought to the five productive entrepreneurial sharks on the well-liked show.
Pomerantz and his partners started off The Players Trunk two years in the past, establishing an on the web web-site in which previous college athletes could market their unwelcome gear — from jerseys to shorts and sweats to footwear — to admirers seeking for things given exclusively to athletes and not out there in merchants.
The Gamers Trunk founders explained to the sharks that they experienced completed $1.3 million in product sales in just above a 12 months, ensuing in $200,000 in gain.
They questioned for $650,000 for a 5% stake in the company. The sharks balked at the $13 million valuation.
Soon after three of the sharks bowed out, Dallas Mavericks operator Mark Cuban and comedian/actor Kevin Hart put together to offer you $650,000 for a 30% share of the corporation.
The team countered at $750,000 for 7.5%, but Hart and Cuban weren’t budging.
Soon after leaving the shark tank, Pomerantz spoke for the team, which provided previous Michigan basketball participant Charles Matthews.
“I’m very pleased of the guys,’’ Pomerantz stated. “I’m very pleased that we stuck to our guns and walked away from that deal.’’
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