Gameface Company from Shark Tank is Awesome For Sports Fans
Super fans have found a new way to put their game face quickly. The Gameface Company offers a variety of full-face masks for any team that looks awesome!
The GameFace Company produces full-face masks that peel-off for sports fans who love to display their team spirit. Over the years, sports enthusiasts in America have painted their faces to cheer their beloved teams on live games. Some even paint their bare chests.
It's a long standing tradition that applies to all sorts of sports including basketball, hockey, baseball and football. People love to dress up and go crazy during live sporting games. Although face painting may seem like fun to some people, it's not the case for everybody. That's particularly true when it comes to removing the paint from the face. That is why Doug Marshall from Tyler, TX created The GameFace Company. Marshall pitched his sports face tattoo solution in 2013 on Shark Tank.
The Dream of GameFace Company before Shark Tank
Doug Marshall had consistently upheld an innovative streak during his youthful years in Tyler, Texas. In high school he jotted down countless ideas, like a dog leash attached to a flashlight. He was constantly dreaming of making new items.
Marshall pursued a degree in Business Administration in Texas Tech, and after his graduation he dived into finance. He started off by getting a job at a prominent finance firm in his home town. After a year or so, Marshall found his career unsatisfying with its unchallenging nature. He desired adventure and change.
At 25 years of age, he got a chance to pursue something more exciting in Taiwan. After spending just over a year in the new country, Marshall gained invaluable expertise in manufacturing and product development. He was the only American employee creating new items in the Taiwanese office of a huge multinational retailer. Over time, Marshall became the main communication line between Chinese manufacturing plants and American retail outlets.
After returning to Dallas, TX, he worked in different roles that helped him expand his product development knowledge further. He took up a couple of sales manager roles at manufacturing firms and a product development job in an import organization.
Marshall finally tied the knot with the woman he loved and they had two children, a son and a daughter. He stayed in steady and dependable employment, so that he could effectively provide for his family. However, Marshall did not forget his dream of making his own products.
He once dreamed of two football fans with their faces coated in face paint that was messily running down their shirts. That dream woke him up and he immediately began to think of a solution for the issue of messy face paint.
Over the subsequent year Marshall invented "The GameFace" a complete-face temporary transfer that removed the need for paint fully. He got a patent for his new fanmask and started The GameFace Company in October 2007. Overtime, the product range was increased to incorporate the CostumeFace. Geared at the thriving Halloween market, the company unveiled the new product at the Houston Halloween and Party Expo in 2009.
Be that as it may, the business required more money and exposure, so that it could reach the level Marshall desired. Therefore, he auditioned to appear on Shark Tank and appeared on it in January 2013.
GameFace Company on the Shark Tank Show
When Marshall appeared before the sharks in 2013, he told them he was looking for an investment of $450,000. He wanted that in exchange for 25% equity in his business. He made his presentation while wearing his own sports face tattoo product. Additionally, Marshall brought along his two children to model other fanmask designs.
GameFace Company was just a part-time business for Marshall and his wife at the time. And, they were running it out of a home garage. During the first year of operation, the company had earned $6,700, according to Marshall. After five years, the company's sales were $102,000 in the year before the Shark Tank show.
Marshall wasn't afraid to point out that $300,000 of the $450,000 was for him to source a three-year salary. The remaining $150,000 would go into license acquisitions. His revelation led to Daymond John and Robert Herjavec dropping out of the negotiations.
Luckily, Mark Cuban, the owner of NBA Dallas Mavericks and Lori Greiner, Queen of QVC, didn't back out. Marshall got a deal with them for $450,000 for 35% equity with an annual salary of $80,000 and 10% royalty. That would apply until the two sharks got their money back.