A woman who works 50 hours a week was left in tears during the latest episode of Shark Tank when investor Robert Herjavec offered her $250,000 for a share in his ‘side hustle’.
Ashley Sankar, who works 10 to 12 hours a day at her day job and then works nights to augment her ‘side hustle’ for six to eight hours, appeared on the ABC show with her husband and business partner, Zach, while presenting their clothes. startup, NineteenTwenty.
However, his big TV moment, which aired on Friday, was not without its ups and downs, as another ‘Jaws’ Mark Cuban was quick to find holes in his finances.
‘The numbers don’t add up! “One of the biggest challenges is fully understanding accounting and managing cash flow,” he said.
When the going got tough, it was Kevin O’Leary and Robert Herjavec who made an offer to Ashley and Zach, with the latter promising them $250,000 for a 25 percent stake in NineteenTwenty.
Ashley Sankar broke down in tears during the latest episode of Shark Tank when one of the investors offered her $250,000.
Ashley appeared on the ABC show alongside her husband Zach to introduce their clothing startup NineteenTwenty.
And while Ashley tried to negotiate and offer her a 20 per cent stake, Robert, 62, refused before breaking down in tears and admitting: “I wish my mum could see this.”
When Lori Greiner quickly jumped out of her seat to go hug Ashley, Zach explained that his wife’s mother passed away when she was just eight years old.
As Ashley sobbed, Zach told investors: ‘Ashley and I are high school sweethearts and we have literally climbed to where we are now together. We started in retail, moved into corporate roles, ultimately we’ve been fighters, so being here is just a dream, honestly.”
The camera then cut back to Robert, who was clearly emotional as he tried to compose himself, before telling the couple: “I didn’t have much growing up, but I had a mother who believed in me no matter what.”
‘And that made me believe in myself when no one else in the world did, that’s why I’m sitting here. And you have that belief and you have an incredible partner, you are an incredible team, and you can take advantage of that trust and sit in this chair one day.”
“Why are we fighting over five percent?” He then asked, as Ashley blurted out, ‘We’re not!’
Reiterating his offer, Robert told them, “Let’s build something great,” to which she quickly responded, “We’ll take it!” prompting him to jump out of his seat to give Ashley a big hug.
NineteenTwenty sells clothing including puffer jackets, windbreakers and skirts that can be converted into functional items such as tote bags, pillows and blankets.
Investor Robert Herjavec’s voice cracked as he responded to Ashley’s emotional comment about her late mother.
Fellow investor Lori Greiner quickly jumped out of her seat to go hug Ashley.
Mark Cuban was upfront with the couple when it came to business finances.
The couple started selling clothing in December 2022 and made $269,000 in annual revenue last year, Zach told investors at the beginning of the show.
He and Ashley also explained how they sold out of every quarterly batch of clothing they ordered from their manufacturer and would have made more if they could afford larger inventory purchases.
According GCU NewsZach spoke about his success on Shark Tank five months after the episode was filmed, saying, “It’s pretty surreal.” It has been a secret that we have hidden for a long time from many of our clients.
‘We’re glad you guys were able to see what we’ve been working on over the past year. We have seen an influx of sales, twice the number of sessions (on the website).
‘We will see that 110 percent of our customers are new. “It’s always good to see because we have a very viral footprint, but it’s good to be in front of new customers who don’t know our product.”