“We have a huge way to go”: Why Sleeping Duck declined to share their mattress with a shark

By James Harkness · 21 July 2017 · Entrepreneur

“We have a huge way to go”: Why Sleeping Duck declined to share their mattress with a shark

Shark Tank Rejection Stuns Industry

Sleeping Duck's bold move leaves investors wondering: what's behind the startup's refusal of a $500,000 deal? Find out what really happened behind closed doors.

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Summary

The engineers behind rapid-growth mattress startup Sleeping Duck dived into the Shark Tank this week, but surfaced without a deal, after knocking back offers, worth half a million, from both Andrew Banks and Steve Baxter. As they told Dynamic Business, the ‘deal breaker’ wasn’t the equity each shark demanded; rather, they weren’t convinced either could […]

Tags: Andrew Banks, Capital, engineer, Entrepreneur, funding growth, Investment, Selvam Sinnappan, Shark Tank