While ABC’s Shark Tank has received business pitches from aspiring entrepreneurs of all ages, who is the youngest of all? Find out in our next story in the 10X Kids series.
In 2014, when she was only six years old, Kiowa Kavovit went on Shark Tank to pitch her business idea.
With her father by her side, she went face to face with Mark Cuban, Barbara Corcoran, Lori Grenier, Kevin O’Leary, and friend of the 10X family, Robert Herjavec.
Due to her height, she stood on a stool so the panel of Sharks could get a clear view of her presentation.
Kiowa’s idea? Boo Boo Goo, a paint-on bandage created specifically for kids like her.
Boo Boo Goo: the youngest Shark Tank entrepreneur’s business pitch
Essentially, Kiowa’s invention was a liquid, organic, waterproof alternative for the traditional bandage. She came up with the idea when she was four years old, and her father supported her dream.
The idea behind the bandage was to make it fun, colorful, and accessible to all.
Andy Kavovit, Kiowa’s father, shared his future-oriented approach to parenting with USA Today:
“We feel that the more entrepreneurially-minded kids are from the outset, the better the chances that they’ll try out their ideas when they’re young.”
In addition, executive producer of Shark Tank, Clay Newbill, explained for the same outlet, “Every year the number and quality of ideas improves and the number of younger applicants rises.” He also added, “We hope that in five to 10 years, the next Mark Zuckerberg will say he or she got inspired by seeing the people on this show.”
According to Bloomberg, after a harsh reality check from the Sharks, Kiowa indeed received the $100,000 investment requested.
However, instead of 17.5% ownership in the company, Kevin O’Leary offered the amount in exchange for 25%. The youngest entrepreneur in Shark Tank history and her father accepted.
To help young entrepreneurs reach their full potential in business, learn more about 10X Kids University.
Featured image source: The List Show TV / YouTube
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