After more than a decade on ABC’s “Shark Tank,” Mark Cuban recently singled out the worst investment he’s ever made on the show: the Breathometer.
"I'd text him, like 'What the f--- are you doing? You're supposed to be working,'" Cuban said. According to Cuban's recollection, Yim would reply that he was"networking" on behalf of the business.By 2016, Yim was transitioning away from the Breathometer,
on a product called Mint that measured levels of sulfur compounds in your mouth to determine whether or not you had bad breath.against Yim and Breathometer, alleging that the company misled its customers about the product's ability to accurately measure BAC. According to the FTC, Breathometer"lacked scientific evidence to back up their advertising claims."with the FTC over that complaint, forcing the company to notify and fully refund every customer who'd bought a device.
Yim acknowledges not committing to proper testing for some of his products, and says that lack of rigor contributed more to derailing his company's progress than his travel schedule. Today, neither the Breathometer or Mint products are available for purchase on the company's website. The founder notes that Cuban took the lion's share of the investment, accounting for $500,000 of the total $1 million. He says the Sharks might finally recoup some value from their investment, because the company recently agreed to be acquired. Details for such a deal do not yet appear to be public.Get smarter about your money and career with our weekly newsletter
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
The Duke & Duchess of Cambridge share new photo of Prince George to mark his 9th birthdayThe Duke and Duchess of Cambridge share new photo of Prince George to mark his 9th birthday
Les mer »
EUR/GBP keeps the red post-Eurozone/UK PMIs, bears flirt with 0.8500 markThe EUR/GBP cross extended the overnight pullback from the post-ECB swing high to the 0.8585 region, or the highest level since July 6 and witnessed s
Les mer »
Russian shelling kills 2, wounds 19 in Ukraine as war nears five-month markRussian airstrikes killed two people and injured 19 others in Ukraine on Thursday -- as the country’s relentless invasion nears the five-month mark.
Les mer »
North Texan says monkeypox pain is 'probably one of the worst things I've ever been through'Monkeypox cases in North Texas on are the rise.
Les mer »
On-chain investment protocol Sommelier debuts Cellar on AaveSommelier, an on-chain investment protocol, has launched its first-ever community-governed product called Cellar.
Les mer »