Moore tried to amend the terms, but the Sharks reassured him that the money would resolve any potential issues. However, Barbara Corcoran opted out due to concerns about the cost of educating consumers about the product.Īfter some negotiation, O’Leary, Cuban, and John joined forces and offered Moore $750,000 in exchange for a 30% ownership stake and a 10% permanent royalty. Initially, the Sharks were skeptical, but as Moore shared more information, they became more interested. He presented his nasal screens, which aim to reduce allergy symptoms, and informed the Sharks that he had a contract for 8 million units over the next six years. Moore’s presentation focused on the prevalence of allergies and respiratory problems and the high demand for treatment options. He offered them a 10% stake in his company in exchange for a $500,000 investment, which put the company’s valuation at $5 million.
In season 2, episode 2 of Shark Tank, Moore made an appearance and presented his company to the Sharks.
SHARK TANK EPISODE FIRST DEFENSE NASAL SCREENS TRIAL
Initially, Joe experimented with face masks, but he found them to be bulky, uncomfortable, required frequent adjustments, and ultimately didn’t provide sufficient protection since air could escape through the edges.Īfter some trial and error, he came up with the idea of creating nasal filters, which have since become a revolutionary product that has saved many people from allergic reactions and other respiratory problems.įirst Defense Nasal Screens on Shark Tank Episodeįirst Defense Nasal Screen Shark Tank Pitch This incident motivated him to find a solution that could prevent a similar occurrence in the future. Joe Moore founded the company in 2011 after experiencing a severe sneezing episode while driving, which caused him to nearly crash into a semi-trailer truck. Joe Moore, the founder of First Defense Nasal Screens, appeared on Shark Tank seeking a $500k investment in exchange for a 10% equity in his business.
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