Daymond John on Shark Tank
Daymond John's Shark Tank Investments
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Daymond John battling it out with Kevin O'Leary
on the Shark Tank Show |
Daymond John is what one would call a true inspiration to all entrepreneur's. He's a real inspiration for anyone with an idea and the guts to make it a reality. Daymond got the entrepreneur bug while still in High School participating in a co-op program. After a handful of businesses, John got his first inspiration for
FUBU when wool hats with the cut off tops were still popular. Having a flare for style, Daymond made 80
hats and took them to the New York Coliseum where he could find a large audience that he was marketing to. Long story short,
Daymond John sold his hats for half the price of the competition and sold out in record time making him $800 on the very first day.
Daymond John and FUBU
Understanding the importance of branding at an early age, John started putting the
FUBU logo on everything from
t-shirts to
jerseys. The
FUBU brand was catching on but needed a boost. John desperately needed a loan to set up the FUBU Factory to mass produce his line.
He was denied a bank loan 27 times in a row but he still refused to give up on his dream. Most people would of given up after hearing NO after the 3rd or 4th bank, but this just made Daymond more determined than ever that he was still going to succeed no matter what the "experts say".
Daymond eventually was able to secure a second mortgage that was "just enough" and a little risky no doubt, but
Johnjust kept focusing on the bigger picture.
In his mind FUBU was ALREADY an International Brand.
https://sharktanksuccess.blogspot.ca/2012/10/daymond-john-on-shark-tank.html