10-Year-Old Recieves $60,000 Investment from Shark Tank Panelist
How many entrepreneurial dreams have you watched get shattered on ABC’s hit series Shark Tank? Probably plenty. Not Mikaila Ulmer of Austin Texas, the founder of BeeSweet Lemonade. The 10-year-old managed to receive $60,000, in return of a 25% stake, from investor, “shark” and former FUBU CEO Daymond John.
Ulmer launched BeeSweet after wanting to participate in Austin Lemonade Day and the Action Children’s Business Fair since the age of 4.
After being stung twice by bees, Ulmer, with encouragement from her parents, did research on the purpose of bees. After finding her great grandmother’s cookbook holding a recipe for lemonade containing flax seed, the young entrepreneur found a way to assist the bees by using their honey for sweetening and donating a piece of the profit to assist in the preservation of honeybees.
The deal with John only makes things sweeter for Ulmer as he will serve as her mentor and make her lemonade accessible to more customers by being available in retailers like Whole Foods and expand in flavors.