The companyFRENDSwas founded in 2011 in Los Angeles.
Their goal is to create stylish yet functional headphones built in a way similar to the construction of jewelry.
The duo asked for a $1 million investment and offered 7.6% equity in the company in exchange.
Moaleman and Dillon also shared how overall, the company has lost $9 million.
Kevin O’Leary was the first Shark out, with Shark-of-the-Week Ashton Kutcher following shortly after.
Next to swim off were sharks Lori Greiner and Robert Herjavec.
The final shark swimming was Mark Cuban,the “Shark Tank” star with the highest net worth.
According to theShark Tank Blog, FRENDS earns approximately $8 million annually as of April 2023.
Never give up, never settle, and keep charging for your dreams ifyoubelieve in it."
Sheen Moaleman and Dillon do not work at FRENDS anymore.
Instead of Dillon, the current CEO seems to beDaniel Davis.
The business still sells headphones in a variety of colors and styles, such asover-ear,on-ear, orin-earheadphones.
