Child entrepreneurs and siblings, Madison and Mallory Boyd, along with their mother Viara, were the last to enter the Shark Tank during Episode 4 of Season 8 to pitch Angels and Tomboys, their start-up that sells unique and fun handmade body sprays and lotions aimed towards kids. The two asked for $55,000 in exchange for 20% equity and were able to walk out of the tank with a deal from Daymond John and Mark Cuban for more cash and equity. We’re going to take a look at an Angels and Tomboys update to see what Madison and Mallory are up to now.
Shark Tank Angels and Tomboys Update
- Entrepreneur: Madison and Mallory Boyd
- Business: Unique handmade scents and lotions
- Ask: $55,000 for 20% equity
- Result: $60,000 for 33.3% equity
- Shark: Mark Cuban and Daymond John
Before we proceed with our Angels and Tomboys update, let’s go and talk about the amazing job that the Boyd siblings did in their presentation. Despite being some of the youngest entrepreneurs to enter the tank, the two were charismatic and confident. More importantly, the sharks liked all of their products.
Unfortunately, being sharks, it took no time for there to be some resistance. Robert Herjavec, for example, found the $12 price point too high. However, as Viara explained, Angels and Tomboys had sold $59,000 worth of product based on social media marketing alone, as well as word of mouth. The company had also been attending trade shows and doing most of its selling online.
Mr. Wonderful, Kevin O’Leary, found the demographic “interesting,” especially after the mention of it being part of a trillion-dollar industry. However, Lori Greiner was skeptical. She thought that there were already other products on the market that were being sold at popular retailers. She explained that if the company was in a profitable industry and there was a market for it, there would’ve been other companies who tried doing the same. With that, she went out but did applaud the entrepreneur’s efforts while praising their branding and confidence.
Robert went out after struggling to see the market. Meanwhile, Kevin thought that there was too much of a risk to get the product into retail stores.
Mark Cuban had a different approach, asking the siblings if they were having fun, to which they answered yes. Daymond John was last to speak out, struggling to decide if he should make an offer. Daymond and Mark eventually teamed up to offer $60,000 for 33.3% equity in Angels and Tomboys, which the Boyd family accepted.
Now, it’s time for our Angels and Tomboys update, and we are glad to let you know that the company is doing great.
Since appearing in Shark Tank in 2016, Angels and Tomboys, as well as its owners, have been featured on numerous news outlets. As a result of the growing demand, the company decided to outsource manufacturing to the Atlanta-based firm Professional Products Unlimited. Then, in 2018, Madison and Mallory opened up their first physical retail store in Memphis, Tennessee.
Although we couldn’t find a current net worth for Angels and Tomboys, the company’s social media accounts are active and growing. The family is still selling products, and some scents are even now paired with a mascot character.
Before you go, be sure to check out some of the other Season 8 Episode 4 company updates:
For more Season 8 company updates, be sure to check out our Season 8 Products page.