The Mad Optimist Shark Tank Update

The Mad Optimist Shark Tank Pitch

Anthony Duncan, Mohamed A, and Mohamed M. Mahdi appeared on Shark Tank Season 11, Episode 24, which aired on May 15, 2020, with vegan, halal, cruelty-free customizable soap and body care .

The Mad Optimist is listed in the Health SelfCare category. In plain terms, the business is described as vegan, halal, cruelty-free customizable soap and body care .

The Mad Optimist asked the Sharks for $60,000 for 10%, implying a valuation of about $600,000.

On the show, The Mad Optimist made a listed deal with Mark Cuban for $60,000 for 20%.

If treated as straight equity, the listed deal works out to about $300,000 implied valuation, down from the original $600,000 implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

The Mad Optimist After Shark Tank

The Mad Optimist accepted an on-air Shark Tank deal for $60,000 for 20%, but follow-up reporting says the deal did not close after filming. (The Mad Optimist Shark Tank Update

Update sources put The Mad Optimist annual revenue around $80,192.39 as of July, 2024. (The Mad Optimist Shark Tank Update

On the date of their original air date, it was the Shia Muslim Day of Ashura. (The Mad Optimist Shark Tank Update

They donated all sales proceeds from 8PM to 3 AM Eastern time - a total of $80,192.39 - "to worthy organizations which fight societal oppression." As of July, 2024, the business is still in business and have annual revenue of $1 million. (The Mad Optimist Shark Tank Update

The current brand site points customers to www.themadoptimist.com . (The Mad Optimist website

Sources

Sources used for this page: Shark Tank API pitches