Liquid Money Shark Tank Recap
Patrick entered the Shark Tank seeking $100K for 5% of the business. He has $52K in annual sales, but not very wide distribution. McCarthy indicates several banks have approached him about using Liquid Money as a gift or incentive for new customers.
Mr. Wonderful thinks getting shelf space will be too expensive. Daymond thinks it will take a big advertising budget to get the product off the ground and wonders why more equity wasn’t offered. Mark thinks the valuation is too high and he goes out. Mr. Wonderful goes out too. Barbara doesn’t think it smells like money, so she’s out. So is Robert. Daymond offers $100K for 80% and says he’ll just license the name. Patrick declines Daymond’s offer and the only money he leaves with is in his bottles.
Entrepreneur Patrick McCarthy pitched his unique fragrance company during Shark Tank Season 3. Liquid Money is basically a line of fragrances that smells like, well, you guessed it, money. Will the sharks follow the scent of money to a deal? Find out in our Liquid Money update.
If you’re short on time, here’s a quick overview of what happened to Liquid Money after Shark Tank!
Long-time salesman Patrick McCarthy appeared on Shark Tank Season 3, but left without a deal. In terms of a Liquid Money update, the company is still in business. People are apparently loving the fragrances, because Patrick enjoys an estimated $10 million in annual sales.
Do you like the smell of money?
FAQ
What happened to money perfume after Shark Tank?
Is there cologne that smells like money?
What does liquid money smell like?
How is perfume made from animals?
Did liquid money make a splash on Shark Tank?
Liquid Money introduced a unique fragrance concept on Shark Tank. The brand aimed to bottle the scent of success for both men and women. Post-show interest highlights Liquid Money’s market impact. Liquid Money made a splash on Shark Tank with its unique fragrance concept that promised the smell of wealth and success.
Is liquid money the best perfume on Shark Tank?
There is no mention of Liquid Money being the best or worst on Shark Tank; however, none of the Sharks actually believed that the product could work as a perfume. Daymond John did offer one hundred thousand dollars in exchange for eighty of Liquid Money, but Patrick McCarthy turned this offer down.
Did liquid money impress the Sharks?
It seems like his grand entrée, where two models where throwing money in the air and “made it rain” did not impress the Sharks a lot. There is no mention of Liquid Money being the best or worst on Shark Tank; however, none of the Sharks actually believed that the product could work as a perfume.
How much is lucky money on Shark Tank?
[Left: Liquid Money now makes Lucky Money cologne and perfume, each bottle comes with a charm] After the episode of Shark Tank aired, the price of a 1.7 fl. oz. bottle of His or Hers Money was $42.50. It’s no longer available on Amazon but bottles are still available on McCarthy’s Money website, and for 30 percent off ($29.95).