People frequently struggle to balance job, family, and household tasks in today’s hectic society. Men in particular might not always receive credit for modest household tasks like tidying up after themselves or performing simple chores. These routine chores can occasionally seem difficult, especially if they go unappreciated.
Jim O’Brien saw this widespread issue and devised a lighthearted solution: humorous awards for guys who finish basic housekeeping duties like cleaning or changing the toilet paper roll. His proposal was to provide medals as a playful means of encouraging guys and rewarding them for doing housework. Jim showed guys how to “earn” these medals with the help of a shirtless male model.
Jim presented his concept, Man Medals, to Shark Tank. Jim requested for $10,000 in exchange for 10% equity in his business. Did the entrepreneur get a deal on Shark Tank? Check out our Man Medals update to find out!
Man Medals Net Worth 2024
Jim O’Brien asked for a $10k investment in exchange for 10% equity in his company. This meant he valued his company at $100,000. He did not make a deal with any sharks, so the company valuation remained at $100,000. After the show aired, Jim expanded his product line but ultimately had to close Man Medals in 2018. As of 2024, the company is no longer in business, and the current net worth of Man Medals is $0.
Man Medals Shark Tank Update
As for the Man Medals update, after his appearance on Shark Tank, Jim O’Brien continued to develop his concept. Beyond mere medals, he broadened his product line to include mini trophies, coffee mugs, refrigerator magnets, and can koozies, all of which had the same themes of honoring men for their accomplishments around the house. Both Amazon and small gift shops carried his products.
But even with his best efforts, the company could not expand. Jim declared on social media on September 30, 2018, that Man Medals would be closing. He expressed gratitude to his backers for their support, but the business sadly could not survive. As of today, Man Medals is no longer in business, marking the end of this humorous business.
No, Shark Tank did not result in a deal for Man Medals. Jim requested $10,000 in exchange for a 10% stake in his company, but none of the sharks were convinced that this was a promising business. The sharks laughed at the idea, but they didn’t think it had enough promise to be worth investing in.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Man Medals Shark Tank Pitch
Jim O’Brien invented man medals as a lighthearted way to honor guys who help with household chores. He saw that men frequently receive little credit for the routine duties they complete, so he thought it would be entertaining to give them a lighthearted reward. Jim had only sold about $2,500 worth of medals before joining Shark Tank, but he thought his product could grow with the right support.
Demonstrating that his concept was worthwhile enough to attract buyers was one of Jim’s toughest challenges. Although he was enthusiastic about the idea, the product’s sales figures did not show a broad enough consumer base to support his claim that they would pay for it.
Jim entered the tank with an offer of $10,000 for a 10% share in Man Medals. He showed how men could receive these awards for performing basic housework using humor and a male model without a shirt on. He clarified his medals were created to serve as playful incentives for routine tasks that are sometimes ignored.
Jim revealed each medal had a production cost of $0.65, a wholesale price of $2.50, and a retail price of roughly $5. Prior to his Shark Tank appearance, he had sold $2,500 worth of medals throughout the previous year. Even with the lighthearted pitch, the sharks didn’t think there was enough room for improvement. Keep reading our Man Medals update to see what happens next!
Sharks liked Jim’s pitch and found it funny. But for investment, none of the sharks find the product serious or a practical business.
Mark Cuban asked about the number of sales. Jim replied he made $2500 from sales so far.
Robert questioned the price and the cost of the product. Jim responded he retailed it for $5 and it cost 65 cents to make.
Lori Greiner, who advised him to seek trade shows in order to increase his business, questioned Jim’s low sales. She believed he should wait to look for investment.
Although Lori Greiner valued Jim’s effort, she chose not to invest, since she thought his sales were too low.
Robert Herjavec liked the newness component but said it wasn’t for him.
The most honest was Mark Cuban, who informed Jim that there wasn’t sufficient value in his company to support an investment.
Kevin O’Leary agreed with Mark that the product wasn’t practical for him.
Daymond John left as well, telling Jim that before looking for financing, he needed to expand his company.
Jim exited the tank without making a deal since all the sharks were out.
What Went Wrong With Man Medals On Shark Tank?
Man Medals’ poor sales numbers were its main problem. Jim’s mere $2,500 in sales during the year before gave the sharks the impression that he had approached them early. They weren’t convinced that the product would turn a profit and didn’t think there was enough market for it. The product was a newness, which restricted its market attraction.
Although the sharks found Jim’s lighthearted attitude humorous, they didn’t think it could turn into a business that was profitable. In the end, they believed there wasn’t enough room for investment in the concept.
Product Availability
A humorous and amusing medal line called Man Medals was created to honor guys for doing duties around the house. Subsequently, Jim added little trophies, coffee mugs, fridge magnets, and can koozies to his collection of amusing products.
From our Man Medals update research, these items were previously sold on Amazon and at tiny gift stores. However, as of September 2018, the company had closed, and Man Medals were no longer sold.
Conclusion
Man Medals, a lighthearted and original idea, made its debut on Shark Tank intending to reward men for their basic household chores. Although the proposal was entertaining, Jim exited the tank without a deal, since the sharks didn’t think it would be a profitable business. Jim tried his hardest to grow the product line and boost sales, but in the end, the company shut down in 2018.
Man Medals was an innovative attempt to provide a humorous solution to a frequent issue, even though it ultimately failed. Jim’s story highlights how crucial it is to show market demand and have high sales figures when looking for investment.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
