(Photo credit: Wikipedia)
Mary Beth Lugo walked into Shark Tank with her new product KaZAM BIKES. She invented a balancing bike for young kids which doesn’t have training wheels and is pedal-less. Interesting, no pedals or training wheels. The bike has been proven to work and she brought two kids along to prove it.
Mary also has a patented foot rest designed for perfect balance. The Sharks liked when she stated that not only is she selling out in the U.S. but KaZAM Bikes is selling around the globe.
In the end, Mark Cuban and Barbara Corcoran joined forces and invested $300,000 in exchange for 32% equity in the company, which Mary accepted. If you or anyone you know has a product idea and needs help, please contact us at New Product Consulting.
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