![]() ![]() Lori Greiner also went out after praising the kidpreneur for his amazing eloquence. Mark Cuban expressed the same thoughts but wondered if the business was scalable, so he backed down as well.īarbara Corcoran had a different idea on where the business should go and politely bowed out. ![]() Unfortunately, he was worried that he might not have time to handle the business with school going on, so he went out. The sharks were obviously impressed by Jack’s enthusiasm despite his young age, and even Kevin O’Leary liked the idea. When he entered the Shark Tank, Jack already had seven locations in Colorado and had made $15,000 in revenue from two stands located in malls. Further, it also has an educational value that teaches kids about growing a healthy business. Instead of just putting up his own lemonade stand, his business, Jack’s Stands & Marketplaces, offers young entrepreneurs a chance to operate their own drink stands without having to worry about figuring out all the logistics. What Jack did was take that idea further. Putting up a lemonade stand is a rite of passage for entrepreneurial kids. Result: $50,000 as a loan for 2% interest rate.Business: Package delivery business for young entrepreneurs.As one of the youngest entrepreneurs to secure a deal in Shark Tank, we know you’d love to find out what Jack’s been up to with a Jack’s Stands & Marketplaces update. By the end of his pitch, he’d walk away with a deal with guest shark Chris Sacca for $50,000 as a loan at a 2% interest rate contingent that he would share his business lessons through videos and podcasts. Kidpreneur Jack Bonneau of Jack’s Stands & Marketplaces tangled with the sharks in Season 8, seeking a $50,000 investment for 10% equity for his company. ![]()
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