Kevin O’Leary agrees with Mark Cuban about the valuation, and believes that the company is a loss, monetarily speaking. Mark Cuban believes the $6 million valuation is “ridiculous.” He’s out. He’s raised $1.3 million in previous investment funds, on a $6 million valuation. So far, Brooks has sold $450,000 worth of postcards, and has just over 500,000 downloads of the free app. The burden their ownership puts on Postcard On The Run may deter the Sharks, but decisions are made on numbers.
#Postcard on the run code#
The cards can include a scannable code that allows the user to view a video clip on their smart device.īrooks has already created agreements with investors. The app allows consumers to take a picture, and create a postcard and have it produced and sent through snail-mail. It’s a bold valuation for an innovative new company. Postcard On The Run owner Josh Brooks comes to the Shark Tank looking for $300,000 in return for 5% equity in the company.
Hopefully, Brooks, along with Selena Gomez, will get a bite from the Sharks and have the Postcard on the Run App sending pictures of Sharks. Postcard on the run brings “wish you were here” to a whole new level! In less than 2 years, the business has racked up over $450K in sales, but isn’t in the black just yet. Selena Gomez is an investor and active user of the app which turns your smart phone photos into real, live postcards and mails them to the address of your choice. Brooks also could bring the first celebrity “guest entrepreneur” with him. Postcard On The Runs owner Josh Brooks brings his old school, snail mail style app with a new school twist to the Shark Tank in episode 504, the season 5 première.