'Shark Tank': Here's why multiple Sharks wanted a piece of this hammock company, which walked away with a $1 million deal. (via CNBCMakeIt)
But on Friday's episode, co-founders Joe Demin and Rachel Connors left the Tank with a $1 million deal, even though they only asked for $400,000 in return for a 7% stake in their company.
In addition to selling hammocks, which range from $179 to $299, the company sells a standalone piece of furniture called "The Throne," which now costs $1,499, according to its website."The Hammock Throne is an indoor-outdoor hammock chair ... that you could put out in your living room, on your tiny balcony or even in your office," Demin said, adding that the hammock extends back, so that it can fit someone as tall as 7 feet. It has a diameter of three-and-a-half feet.
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