SLO 13-year-old earns $25,000 on Shark Tank
December 16, 2014
A 13-year-old San Luis Obispo entrepreneur pitched her company on an episode of ABC’s Shark Tank show, which aired Friday night, and came away with a $25,000 investment and the praise of a demanding investor. [Inc.]
Andrea Cao started a personal massage company, Q-Flex, which makes curved, plastic tools that customers use on themselves to relieve back pain. She created the product to relieve herself of the chore of massaging her mother, Hong, who would come home in pain from long days on the job as a nurse.
Cao now runs the company out of her home with her mother. She also goes door-to-door selling the devices, which had totaled 800 sales prior to the airing of the television show.
On Shark Tank, businessman and televison personality Marx Cuban agreed with co-star Barbara Corcoran to invest the $25,000 in QFlex.
“I love that,” Cuban said after hearing Cao say she sold the products door-to-door. “A capitalist is born.”
Cuban also called the San Luis Obispo teen a great role model. He, along with Corcoran, will receive a 25 percent stake in the company.
In order to complete the deal, Cao had to agree to make time during school for sales calls. She agreed to do so.