Entrepreneurs Oliver Zak and also Selom Agbitor showed up on ‘Shark Tank’ season 12 episode 19 really hoping to thrill the Sharks through their business, Mad Rabbit. Mad Rabbit aims to combat this concern via its completely natural range of tattoo aftercare products.
Mad Rabbit: Who Are They and also What Do They Do?
Oliver Zak’s professional job started early as he took on various teaching fellowships, consisting of the responsibilities of an SEO Marketer, Social Media Manager, and also Finance Intern, among others. While researching at Miami University, he functioned as a Transaction Advisory Intern at EY-Parthenon, as well as after finishing with a Bachelor’s Degree in Finance, Oliver was offered the irreversible setting of a Strategy & Execution Consultant in the very same firm. Since he had already co-established Mad Rabbit back in January 2019, Oliver decided to leave EY-Parthenon in Jan 2021 and also is currently included in his very own business on a full time basis.
On the other hand, Selom Agbitor handled numerous internships during his University years and also benefited top companies like Molina Healthcare, Randstad USA, as well as Unilever. These experiences aided him prepare to face the professional area, as well as soon as Selom finished with Bachelor’s level in Finance from Miami University in 2019, he joined Textron Aviation as a Finance & Accounting LDP. Although Selom as well as Oliver established Mad Rabbit in January 2019, the previous earned some more experience while functioning as a Finance & Accounting LDP at Bell Flight before stopping every little thing to run Mad Rabbit.
Interestingly, Oliver and also Selom were classmates at the University of Miami as well as were pretty enthusiastic regarding opening up their very own organizations. They linked over their shared love for tattoos and recognized that it could be terrific if they could turn their enthusiasm right into a living. That possibility presented itself when Oliver obtained a tattoo, and also the musician asked him to utilize petroleum jelly in order to allow it recover. This stunned Oliver as he hesitated to make use of a chemical-based substance like oil jelly on his skin. That was when he got together with Selom, and the two created a natural plant-based option that would certainly recover tattoos as well as maintain them fresh without the unsafe impacts of chemicals.
Mad Rabbit’s initial item was an all-natural tattoo balm made from cocoa butter, beeswax, calendula, cucumber, lavender, Shea butter, almond, and also Frankincense. It is completely lacking chemicals and also can be used to keep one’s tattoos looking fresh as well as bright. Later, they also began creating a 30 SPF sunscreen and a comforting gel, both of which are hundred percent natural.
Where Is Mad Rabbit Today?
Interestingly, even though Oliver had actually pictured an all-natural tattoo balm in his mind, it had not been easy to figure out the optimal formula as he and Selom underwent several prototypes before attaining perfection. Subsequently, Mad Rabbit launched in 2019, and Selom and Oliver were pleasantly shocked at the favorable action to their product. Nevertheless, as the orders expanded, the pals found themselves helping over twelve hours each day as the mixing and also packing were done by hand. Still, they were determined to see the tough times through, as well as soon as sales got, Mad Rabbit set up several production and also circulation plants, which aided raise their reach and the speed of production. By the time they appeared on ‘Shark Tank,’ the good friends had actually currently earned over 6 figures in sales and were seeking to turn Mad Rabbit into a way of life brand.
The ‘Shark Tank’ look additionally increased Mad Rabbit’s reach greatly over night, and also the company found itself swamped with orders from all around the United States. At existing, apart from being valued at $3 million, the business obtained into an equity collaboration, which saw them become the exclusive tattoo aftercare brand of the tattoo and also lifestyle publication, Inked.
Customers curious about obtaining their hands on Mad Rabbit items can purchase them off their official internet site in addition to Amazon. Apart from its initial products, the firm has introduced a number of new products, consisting of a Daily Body Wash, a Daily Lotion Tube, as well as numbing lotion. The rate is likewise fairly budget friendly as a lot of products vary in between $45 to $30, while a membership solution can aid one conserve more cash. It is unbelievable to witness Mad Rabbit’s success, and we are specific that the business will certainly get to better heights in the years to come.