Shark Tank Update
Shark Tank Pitch
Remyxx Shark Tank Update
Published:
2m
Charlotte, NC
| Name | Remyxx |
|---|---|
| Main Presenters | Gary Gagnon |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 11/25/2015 |
| Main Location | Charlotte, NC Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | Offer made from sharks |
Remyxx Shark Tank Pitch
Gary Gagnon and his two boys are all over their new shoe company Remyxx. Remyxx's differentiator is that the shoe is built to be recycled.
Gary has put $30k into Remyxx and has been working on Remyxx for two years but only considers it to be a real business for the last few weeks, so sales are zero.
Gary wants money to buy the molds needed to manufacture the shoes. The sharks see the money required to build inventory massive, the competitors huge, and no part of Remyxx is proprietory.
It gets cold there in February. You know what I'm thinking? Take these shoes. Burn them. Stay Warm.
Daymond is the last shark remaining and talks himself into an offer for 80% equity. Gary gets emotional about what Remyxx means to his family. Daymond will fund all the future needs for Remyxx and serve as a role model for Gary's children and Gary accepts.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $50k for 10% of Company | |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Deal Never Closed | Daymond John | $50k for 80% of Company |
| Company | Offered | Daymond John | $100k for 50% of Company |
Mark Cuban
Out
Daymond John
Offered
Kevin O'Leary
Out
Barbara Corcoran
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Remyxx After Shark Tank
According to Shark Tank Blog https://www.sharktankblog.com/business/rekixx-remyxx, the deal with Daymond fell through, however, Daymond continued to help Gary Gagnon with Remyxx. Daymond offered to help close deals or fund large orders.Link Preview
Shark Tank Blog
The word remix is a commonly used word that made Remyxx feel part of a larger crowd, so Gary Gagnon changed the name to Rekixx.
Gary did not have shoes to sell on Shark Tank air day but capitalized on the traffic by securing $44k of pre-orders through Kickstarter https://www.kickstarter.com/projects/691761471/remyxx-cool-sneakers-100-recyclable. Gary attempted to run another Kickstarter for 2014 but failed to raise money.Link Preview
Kickstarter
By 2015 Gary liquidated the rest of the shoes for $8 a pair on Amazon and closed Rekixx for good.
In 2022, according to Gary's LinkedIn https://www.linkedin.com/in/ggagnon, he has worked as a business executive at Microban International since 2012 (assuming it is up-to-date).Link Preview
LinkedIn
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