鲨鱼坦克与KickStarter:启动一个如何使用Both to LaunchWhen deals fall apart, it can often be for the best. For this business owner, the upside of losing angel funding was retaining equity and control over his company.

ByCarol Tice

Opinions expressed by Entrepreneur contributors are their own.

Getting your business on a reality TV show can help an entrepreneurgain huge exposureand土地投资者. Here's what happened to one business owners who hit the big time on the small screen and still needed help.

Gary Gagnon is a longtime manufacturers' representative and founder of the recyclable-sneaker startupREMYXX. He was on theShark Tankfinale in May, but his company was a tough sell because REMYXX was still on the drawing boards. He had no sales yet. And if you watchShark Tank,you know the Sharks don't like businesses with no track record.

But Gagnon won over Shark Daymond John, who cut a deal on the show in which Gagnon gave up 80 percent of his company in exchange for a $50,000 stake. After the show, though, the deal fell apart.

"Daymond told me he would never partner with someone who would steal his business like that," Gagnon says. "He didn't want me to, either."

Instead, Gagnon says, he gained a mentor and推出了一个KickStarter campaignto raise the funds to make his sneakers. Here's how it's all working out:

According to Gagnon, while John withdrew his financial backing, he stayed involved in REMYXX unofficially, offering invaluable advice. Gagnon sees potential in licensing the sneakers he invented to some big brands.

But first, REMYXX needs "proof of concept" -- some real customers who buy and love the sneakers, in order to get the Nikes of the world interested. That's where the crowdfunding platform KickStarter comes in.

Gagnon is doing a KickStarter campaign to raise just under $40,000, the amount needed to manufacture a first run of the sneakers. It's an unusual one-two punch approach to finding funding, but it appears to be working well. In looking to promote the KickStarter campaign, Gagnon found he had a number of different fan bases he could tap:

  • Shark Tankfans
  • Green/sustainability bloggers
  • Fashion bloggers
  • Sneaker fans

The exposure fromShark Tankdefinitely helped give theKickStarter campaignhigher visibility. With more than two weeks left to go, he's raised all but about $5,000 of the total needed to fund the campaign and get the shoes into production. Better, more than 300 of his KickStarter donors have signed up to get a pair of the shoes.

When those get on people's feet and out in the world, it's bound to inspire buzz and spark more customer demand. The shoes have a signature look, as each design bears the universal recycling symbol for its plastic type -- "5" -- on them.

Best of all, now Gagnon has the money he needs to get off the launchpad, and he didn't give up any equity in REMYXX at all. Sometimes, when deals fall apart, it's a good thing.

Which would you rather do -- be on Shark Tank or do a KickStarter campaign?Leave a comment and tell us which, and why.

Wavy Line
Carol Tice

Owner of Make a Living Writing

Longtime Seattle business writerCarol Ticehas written forEntrepreneur, Forbes, Delta Skyand many more. She writes the award-winning Make a Living Writing blog. Her new ebook for Oberlo isCrowdfunding for Entrepreneurs.

Editor's Pick

Related Topics

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

Starting a Business

10 Ways to Create a Startup Dream Team

Get tips on how to form an effective founding startup team, focusing on hiring the right culture fits, creating a flexible structure and fostering a feedback-rich environment.

Travel

10 Best Entrepreneurial Events To Attend Before 2023 Is Over

As we head into the latter half of 2023, there's still a great chance for you to get involved in some exciting startup events.

Living

Finding Balance — How to Pursue Your Entrepreneurial Ideas While Prioritizing Your Well-Being

A question for entrepreneurs: Are we planting seeds or burying ourselves in work?

Business News

California Family Accused of Recycling Fraud Scheme Worth Millions, Facing Possible Prison Time

The charges filed against family members include grand theft, recycling fraud and conspiracy.