Postcard On The Run on Shark Tank
|Inventor Josh Brooks with his business partner and|
Celebrity Star Selina Gomez
The Post Card On The Run Business has already seen a great deal of success prior to being featured on the Shark Tank, but after season 5 premiere's, something tells me this company is about to get a whole lot more valuable.
Prior to the filming for episode 504, Postcard On The Runs owner Josh Brooks has already raised $1.6 million in two rounds of financing. The last round was held in 2011 when Josh raised an additional $750k including an investment from Celebrity Selena Gomez. This seems to be a great match as Gomez is not only an investor, but really likes the product and has been active promoting the product. With over 16 million followers on Twitter (geese), Selena would certainly make a great business partner for getting your product noticed.
When Josh Brooks goes into the Shark Tank he has valued Postcard On The Run Business at $6 million. Within the previous 21 months, Brooks has $450k in sales with over 500,000 downloads on iTunes and Android Devices. What's not known (yet) is how much equity did he give up to Selena Gomez and the other investors that put in the initial $1.6 million to get it to this point. Josh has only invested $30k of his own money, so I would imagine this number might be relatively high.
Everything looks real good until you start breaking down these numbers. Within the last two years they received $750k more from investors and did $450k in total sales. Yet Brooks pegs the PostCard Business at $6 million which is somewhere around 25 times current earnings. Obviously this is negotiable, but how much more equity can Josh afford to give away and get one of the Sharks to bite?
Even if Postcard On The Run doesn't get a deal on The Shark Tank it's still priceless publicity for a super cool App that will put traditional postcards out of business. If the Sharks think the business is not worth $6 million before the show, they just might after 7 million people see this for the first time.
If I had to predict, yes this is just to cool of an idea with major backing already in place for the Sharks to pass up, and Josh will get a deal on the Shark Tank. It won't be anywhere near his valuation, but if Josh is willing to negotiate, He Will Get A Deal!
Post Card On The Run Free DownloadsGoogle Android Phones
Nokia App Store
PostCard On The Run Website
Post Card On The Run FaceBook