Mark Lin is an entrepreneur from Burbank, California, famous for his entertaining product, Sliimey Honey. Slime is prepared with top-quality materials and scrumptious scents. It also reduces anxiety and reduces stress.
Lin dreamed of being an entrepreneur and wanted to launch his own company. So, now, he launched Sliimey Honey. Since 2020, she has taken in at least $1.2 million selling food-scented slime. Currently, Lin is making headlines on the internet after appearing in ABC’s Shark Tank.
Besides, Lin is a freshman at UCLA but got into people’s eyes as Daymond John gave him $150,000 for 20% of Slimmeyhoney. So, let’s get to know more about it.
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Mark Lin Accepts Offer of Daymond John in Shark Tank
ABC’s Shark Tank is a reality television show that gives budding entrepreneurs a chance to secure business deals that could make them millionaires in the coming years. So, 17-year-old Mark Lin is also a participant in the show who is currently in the limelight.
On the show, Lin requested $150,000 in exchange for 10% of his company. His goal is to transfer Sliimeyhoney from his garage into a full-fledged warehouse and acquire a mentor to help him run the company while in school. So, his willing negotiators were Kevin O’Leary and Daymond John.
O’Leary said he’d infuse $150,000 for 30% of the company if Mark could make a Wonder Slime flavor for his followers. On the other hand, John jumped in, too, proposing $150,000 for 25% of Sliimeyhoney while suggesting that Lin focus more on his further studies than the business. So, the young guy said the company’s sales proved it was worth more than that So, his counteroffer was $300,000 for 25%.
However, both of his negotiators declined the offers. At the same time, Mark Cuban encouraged Lin to stick to his request. So, Lin offered a similar valuation, $200,000 for 20%. Daymond suggested that Lin riddles with $150,000 because Sliimeyhoney already had a healthy cash flow. Lin obliged, disputing $150,000 for 20%. Both Sharks accepted, and Lin made an agreement with John after watching Mr. Wonderful struggle to get the slime unstuck from his hands during the initial rise.
After that, the young Lin was happy with the deal. As he accepted Daymond’s offer, Lin apologized to another negotiator, O’Leary. Lin and Daymond hugged each other, and Lin left the show with a happy face.
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Details To Know About Sliimeyhoney’s Mark Lin
Mark Lin is a 17 years old entrepreneur from California who has racked up a massive fortune by selling slime. He was passionate about having his own business from a young age, and later, he went on to found his own slime company named Sliimeyhoney.
So, Lin also appeared on Shark Tank season 14, episode 6, to promote the product. Sliimey Honey has gained more than 70.8K followers on Instagram, where we can get more details about Lin’s product. As he appeared in Shark Tank and accepted Daymond’s offer, it will be easier for him, to some extent, to run his business while at school.