Boho Camper Vans were featured on “Shark Tank” in Season 11, and the pair partnered with Barbara Corcoran. They received $150,000 in cash and $150,000 as a line of credit in exchange for 10% equity. The two friends were hoping for $300,000 in exchange for a 10% stake in the company, and they weighed offers from O’Leary, Oza, and Greiner before settling with Corcoran’s offer, which gave them exactly what they wanted.
O’Leary offered $300,000 as a loan with 9% interest for 7% of equity, Oza offered $300,000 for 25% of the company, Griener put $300,000 on the table for 20% equity, and the pair tried to get her to drop to 15% equity for the same price. After Griener declined the offer, Sodeemann and Ellenson went with Corcoran.
“Barbara was a perfect fit for us because she knew we didn’t want any debt, and she gave us a way to pay it off quickly,” Ellenson said upon striking a deal with Corcoran.
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