Mundelein High School's Business Incubator students and staff will host presentations on Wednesday, March 6, by the founders of SnapClips, a product that they "pitched" to the entrepreneurs on the television show, "Shark Tank." At the end of their presentation, a combined offer of $150,000 for 30 percent equity in the business was made by Mark Cuban, Lori Greiner and Alex Rodriguez, and accepted.
The duo, Chief Executive Officer Martin Dimitrov and Chief Marketing Officer John Perricone will speak with MHS and Carmel High School business incubator students at 7:45 a.m. and again at 8:45 a.m. in the MHS auditorium. The audience also will include the associate principal for curriculum and business incubator teacher from Round Lake High School.
The young men are expected to speak about their initial idea while they were still in high school, how they developed it and what stages they went through on their way to Shark Tank. They first started their project while in their business incubator course at Wheeling High School.
SnapClips, a new design for keeping weights stable during workout sessions, was an instant hit with the business people on the television show.
The event is being planned by Rosangela Fiore, community coordinator at MHS, and Michelle Sherwin-Petrucci, business incubator instructor.