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They asked for $150,000 in exchange for 35% of Moonies, but Daniel Lubetzky, Mark Cuban, Kevin O’Leary, Lori Greiner, and Robert Herjavec were unimpressed when they admitted to only making around $1,000 from a lack of marketing. Though Cuban agreed there was scope for the swimwear, he didn’t think the market was big enough. “Your ask is reasonable, but there’s only so much you can do with this,” he said. “For me, it just doesn’t feel like a fit.” Lubetzky and Herjavec also dropped out, with Lubetzky telling the duo he wasn’t convinced their marketing skills were strong enough.
But O’Leary offered to buy their patent for the $150,000 they asked for, essentially offering to buy out the business. “Don’t you want to see your baby on every ass?” he cheekily asked. Greiner then shared she wasn’t willing to invest but thought O’Leary should make a bigger offer. The Winkels initially accepted O’Leary’s proposition, but wanted $5 from each sale in addition to the $150,000. He declined and the couple countered again, asking for $500,000. Mr. Wonderful wasn’t sold, and the Winkels walked away without a deal.
Moonies made the most of its Shark Tank exposure
Despite not landing a deal, the Winkels made the most of the newfound “Shark Tank” attention. After the episode aired, the two took to Moonies’s Instagram to offer free shipping using the code SHARKTANK. They also made it clear they had no bad blood with their fellow entrepreneurs but hadn’t spoken to any of them since they left the set. In a December 2024 Instagram interview with @the_speed_oh_movement_guys, McKay admitted, “It was just a wild experience. It was nuts. Super fun and unique and I’m shocked we even got the chance, honestly.” Karis added, “We’re so grateful for the opportunity. We learned so much. Just to be on ‘Shark Tank’ was such an honor.”
Karisa Winkel and McKay Winkel kept hustling despite not getting funding
The entrepreneurs also confirmed they experienced the “Shark Tank” effect and had a surge in sales after they took Moonies on ABC, even getting a purchase request from a customer in the U.K. At the time of writing, the products are only available directly from the Moonies website where the open-window briefs retail for $45.
“Since taking Moonies public, the response has been overwhelming! People love ‘Cleavage for Men’ and guys love wearing their Moonies,” the entrepreneurial couple shared on the Moonies website. “They truly are the most memorable, unique, fun swimsuit ever made because anytime Moonies are worn, a happy memory is made,” they added.
Moonies plans to continue giving back
As well as expanding the business to reach a larger audience, one of Moonies’s biggest goals is to help others. The brand’s products are created using 86% recycled polyester and shipped using recycled material. The company is also dedicated to helping the environment and the LGBTQ+ community, with 5% of sales donated to non-profits.
There are no regrets when it comes to walking away from Kevin O’Leary’s offer, either. “I’m proud of us too for standing our ground,” Karisa Winkel told @the_speed_oh_movement_guys. And it seems the swim brand is going strong without the Sharks.