Black Sands Entertainment Shark Tank Net Worth

Black Sands Entertainment, featured in episode 10 of Season 13 of Shark Tank, is a comic book publishing company that focuses on creating historical fantasy tales centered around people of color.

The founders, Manuel and Geiszel Godoy, along with Teunis De Raat, aim to provide an alternative to mainstream media coverage of the black experience through their publications.

Their flagship comic series, “The Second Kingdom,” follows the journey of a young boy destined to rule an ancient African kingdom.

Black Sands offers a range of products, including chapter books, picture books, DVDs, and graphic novels, with prices starting from $8.99.

The brand’s commitment to showcasing diverse narratives and empowering representation makes it a compelling choice for those seeking inclusive and engaging content in the realm of comics and storytelling.

Company NameBlack Sands Entertainment
EntrepreneurTeunis De Raat, Manuel Godoy and Geiszel Godoy
ProductComics, animations, and other media that reflect cultural diversity
Investment Asking For$500,000 for 5% equity in Black Sands Entertainment
Final Deal$500,000 for 30% equity in Black Sands Entertainment
SharkKevin Hart and Mark Cuban
Episode Season 13, Episode 10
Business StatusIn Business
WebsiteBlack Sands Entertainment Website
Net Worth$5 Million

What Is Black Sands Entertainment?

Black Sands Entertainment is a company that focuses on celebrating African historical achievements through its comic book titles.

They aim to empower the community and youth by publishing titles that showcase legends from various African regions such as Egypt and South Africa.

Black Sands Entertainment is a company that produces comic books, novels, children’s books, and animation based on African mythology. It features black heroes, diverse storytelling, and highlights traditional family values for people of color.

Black Sands Entertainment Shark Tank Net Worth

The company also supports independent artists and writers who can publish through Black Sands. The company has a proven track record with hundreds of thousands of copies sold, millions raised, and a history of stellar performance over five years.

Black Sands Entertainment offers a variety of bundles and individual titles that are age-appropriate for teens and aim to provide an alternative to the typical Hollywood narrative regarding African history.

Who Is The Founder Of Black Sands Entertainment?

Manuel and Geiszel Godoy are the husband-and-wife team behind Black Sands Entertainment.

Manuel, a US Armed Services veteran with a Business Administration degree, and Geiszel, a fashion design expert, shared a vision of changing the narrative around African history.

They aimed to showcase African mythology, black heroes, and diverse storytelling through comic books, novels, and animation.

The idea stemmed from their desire to highlight the rich cultural heritage often overshadowed by narratives of slavery and colonization.

Before their appearance on Shark Tank, Black Sands had already made significant strides. They successfully raised over $1 million from 3,000 investors through fundraising campaigns on Kickstarter and WeFunder.

In May 2021, they launched the Black Sands Publishing app, featuring digital content from Black Sands and other independent publishers.

Their material, appealing to all ages, aimed to entertain and educate, emphasizing the importance of the family unit in today’s society.

Geiszel’s background in fashion and Manuel’s military service and business acumen contributed to their innovative approach to storytelling and education.

How Was The Shark Tank Pitch Of Black Sands Entertainment?

  • Founders: Geiszel Godoy, Manuel Godoy, and Teunis De Raat
  • Product: Culturally diverse comics, animations, and media
  • Investment Seeking: $500,000 for 5% equity.
  • Final Deal: $500,000 for 30% equity
  • Sharks: Mark Cuban and Kevin Hart

Black Sands Entertainment’s Shark Tank pitch showcased the company’s commitment to showcasing Black culture through comics, animations, and media based on the rich history of Black culture. They sought an investment of $500,000 for 5% equity.

Black Sands Entertainment Shark Tank Net Worth

The founders highlighted their popular independent book series, “Black Sands The Seven Kingdoms,” which resonated strongly within the Black community.

With year-to-date sales of $800,000 primarily from physical comic book sales, the entrepreneurs impressed the Sharks.

Mark Cuban and Kevin Hart were quick to recognize the potential of Black Sands Entertainment and offered $500,000 for 30% equity to help propel the company forward.

Manuel Godoy countered the offer, proposing $500,000 for 10% equity along with a $0.25 royalty per hardcover sold.

Despite the negotiation, the founders ultimately accepted Mark Cuban and Kevin Hart’s initial deal of $500,000 for 30% equity, solidifying a partnership that would fuel the company’s growth and expansion into animated adaptations.

The Sharks’ investment table for Black Sands Entertainment showcased Mark Cuban and Kevin Hart’s commitment to the company with an offer of $500,000 for 30% equity.

Presentation Highlights:

  • Black Sands Entertainment focuses on uplifting Black creators and exploring rich history.
  • They have a popular independent book series called “Black Sands The Seven Kingdoms.”
  • Year-to-date sales were $800,000, mainly from physical comic book sales.
  • Kevin Hart and Mark Cuban offered $500,000 for 30% equity.
  • Manuel countered for $500,000 for 10% equity with a $0.25 royalty per hardcover sold.
  • Accepted deal: $500,000 for 30% equity shared between Mark Cuban and Kevin Hart.

Shark’s Investment Table:

SharkInvestment OfferedCounter Offer by FoundersFinal Deal Accepted
Mark Cuban & Kevin Hart$500,000 for 30% equity$500,000 for 10% equity with $0.25 royalty per hardcover sold$500,000 for 30% equity

While there was a counteroffer from the founders seeking a lower equity stake and a royalty component, the final deal accepted by Geiszel Godoy, Manuel Godoy, and Teunis De Raat was the original offer of $500,000 for 30% equity shared between Mark Cuban and Kevin Hart.

This partnership set the stage for Black Sands Entertainment to continue its mission of celebrating Black creators and their diverse stories.

Did Black Sands Entertainment Get a Deal on Shark Tank?

Yes, Black Sands Entertainment successfully secured a deal on Shark Tank. The co-founders, Teunis De Raat, Manuel Godoy, and Geiszel Godoy, entered the show seeking $500k for a 5% equity stake.

Ultimately, they struck a deal with Mark Cuban and Kevin Hart for $500k in exchange for a 30% equity share.

This partnership was expected to leverage Mark Cuban’s tech expertise and Kevin Hart’s marketing prowess to propel the company’s growth further.

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What Happened To Black Sands Entertainment After Shark Tank?

Black Sands Entertainment, an entertainment company centered on Black characters, made a significant impact after its appearance on Shark Tank.

Founded by Manuel and Geiszel Godoy in 2016, the company aimed to fill the gap in the comic book industry by providing comics and cartoons featuring Black characters.

Before entering the tank in Season 13 in January 2022, Black Sands was already thriving, having raised over $2 million in funding, generated another $2 million in revenue, launched an app, and published 14 different titles.

During their pitch on Shark Tank, Manuel, Geiszel, and their business partner, Teunis De Raat, asked for $500,000 in exchange for a 5% equity stake.

Eventually, they struck a deal with Mark Cuban and guest shark Kevin Hart for $500,000 in exchange for a 30% equity stake, showcasing the potential and appeal of their brand.

Following their appearance on the show, Black Sands Entertainment continued its success trajectory.

They recently inked a significant partnership deal with Kevin Hart’s Hartbeat Productions, known for producing movies such as “Night School,” “Fatherhood,” and “Me Time.”

This partnership entails strategic advisory services from Hartbeat to assist Black Sands in developing its properties for film and television projects.

The company’s bestseller, the “Black Sands” series, set in ancient Africa, has been well-received and compared to popular series like “Avatar: The Last Airbender.”

Black Sands Entertainment Shark Tank Net Worth

With ambitious plans to become a top 10 anime globally, Black Sands Entertainment is well-positioned for further growth and recognition in the entertainment industry.

As of now, Black Sands Entertainment is actively in business, expanding its brand and content offerings. The partnership with Kevin Hart’s production company signifies a promising future for the company.

The company’s continued success and strategic collaborations indicate a positive outlook for Black Sands Entertainment’s financial standing.

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Black Sands Entertainment Shark Tank Update

After appearing on Shark Tank, Black Sands Entertainment experienced a significant boost in its business. The company successfully secured a deal with investors Kevin Hart and Mark Cuban, who each bring valuable expertise to the table.

Kevin Hart’s marketing prowess and Mark Cuban’s tech acumen have played a crucial role in propelling the company’s growth.

Black Sands Entertainment continued to thrive post-Shark Tank, with its annual sales reaching $1.2 million in 2021.

The company has achieved over $2 million in lifetime sales as of January 4, 2022. This remarkable growth trajectory underscores the success of their strategic partnership with Kevin Hart and Mark Cuban.

Having raised $2 million in capital, Black Sands Entertainment has been able to expand its operations and offerings. The brand has published a total of 14 titles as of January 4, 2023, further solidifying its presence in the market.

The company’s commitment to innovation and creativity has resonated well with its audience, leading to a loyal customer base and increased sales.

The company’s success extended to its Kickstarter campaigns, where they raised a total of $2,60,128 from 2,451 backers across six campaigns as of January 4, 2023.

This crowdfunding success not only provided additional funding but also served as a testament to the strong support and interest in Black Sands Entertainment’s unique content.

Black Sands Entertainment has garnered significant attention from various media outlets, including Forbes, CBR, LA Times, and Publisher’s Weekly. This recognition has further elevated the company’s profile and solidified its position as a prominent player in the comic industry.

Black Sands Entertainment remains in business and continues to pursue its mission of showcasing Black superheroes and African mythology through its comics and graphic novels.

Black Sands Entertainment’s net worth stands at $5 million, reflecting its steady growth and success in the market.

Black Sands Entertainment’s journey post-Shark Tank exemplifies a remarkable success story fueled by innovation, strategic partnerships, and a dedicated team.

With a strong foundation and a growing fan base, the company is poised for continued success and expansion in the dynamic world of comic book publishing.

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What Is the Net Worth Of Black Sands Entertainment?

According to our research, the net worth of Black Sands Entertainment is estimated to be $5 million. The valuation of Black Sands Entertainment was $1.6 million after securing an investment from Mark Kevin and Kevin Hart on Shark Tank.