Quantcast
Get breaking news alerts via email

Click here to manage your alerts
(Chris Detrick | The Salt Lake Tribune) Investor Mark Cuban offered Utah Valley University students Dallas Robinson, right, and Mike Buonomo a $200,000 investment in their company in return for 40 percent ownership. “I think you could be fun, hip, innovative and kind of a little bit edgy, which is cool,” Cuban said Friday on ABC's "Shark Tank."
Utah students land $200K from ‘Shark Tank’ investor
First Published Mar 05 2012 11:24 am • Last Updated Mar 05 2012 07:43 pm

Student entrepreneurs Dallas Robinson and Mike Buonomo hit pay dirt with their Kisstixx lip balm company on the "Shark Tank" television show, making a financial deal with business mogul investor Mark Cuban.

"I can’t believe we got a deal with Mark," Buonomo said.

Join the Discussion
Post a Comment

Cuban offered Robinson and Buonomo a $200,000 investment in their company in return for 40 percent ownership.

"I think you could be fun, hip, innovative and kind of a little bit edgy, which is cool," Cuban said on the show. "But the other good news is, as you grow, I’ll be there to help you finance all that other inventory without asking you for more equity."

On the program, entrepreneurs and startup companies pitch their products or services to a panel of millionaire business executives who either decide to make an investment offer or toss them overboard.

Robinson, a junior from South Jordan, and Buonomo, a sophomore from Pleasant Grove, credit UVU faculty, students and economic development resources with helping them turn their business concept — a lip balm with complimentary flavors that combine and react when two partners kiss — into a viable company.

After selling 3,000 packages of lip balm at their first trade show in 2010, their company Kisstixx LLC sold nearly 25,000 packages last year. The product is available locally at Associated Food grocers and Harmon’s.




Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.