What Is Liquid Money?
The perfume of money is used in the men’s or women’s fragrance Liquid Money to boost productivity and promote success. McCarthy uses authentic strips of real money bought from the Treasury Department to create the aroma of money for His and Hers Money.
Each bottle has ingredients that are found in legal cash, giving it the genuine smell of freshly printed money. To give the smell a realistic appearance and feel, bottles of Liquid Money are also wrapped in packaging made entirely of torn dollar notes.
|Company Name||Liquid Money|
|Product||Cologne with a money fragrance|
|Investment Asking For||$125,000 for 5% equity in Liquid Money|
|Final Deal||No Deal|
|Episode||Season 3 Episode 3|
|Business Status||In Business|
Who Is the Founder of Liquid Money?
Former Microsoft Vice President and Liquid Money founder Patrick McCarthy have 20 years of experience selling software. His resume lists several organizations, including SAP America, BroadVision, and Autodesk. Before starting his current company venture, Liquid Money, McCarthy spent years motivating and inspiring his employees.
According to McCarthy, “Liquid Money was inspired by a Japanese study that found the scent of the green thing made us function more successfully. When the smell of money was pumped through the air vents, industrial workers responded by working more diligently, according to tests.
In order to protect his trademark, he registered it and consulted Larry “the Nose” Morrison, an expert in the scent business and the creator of Michael Jordan Cologne. Together, they developed a cologne and perfume containing notes of cotton, silk, and linen, all of which had previously been utilized to generate income. Genuinely torn banknotes are used to wrap the colognes His Money and Her Money.
What Happened to Liquid Money at The Shark Tank Pitch?
In Shark Tank season 3 episode 3, Patrick asked for $100,000 in exchange for a 5% share in his company. This points to a $2 million valuation. He talks about his products. When approaching the Sharks, the two female models present them with free perfume samples.
Patrick McCarthy claims that there are two variations of the perfume: His Money and Her Money, making it possible for both men and women to buy and utilize the aroma of money. He makes $52,000 a year, although his income is not very generous. McCarthy asserts that various institutions have contacted him about providing Liquid Money as a welcome gift or incentive for new customers.
According to Patrick McCarthy, he put about $50,000 of his own money towards the creation of Liquid Money. Mr. Wonderful thinks it will be too expensive to rent shelf space. Daymond questions why more ownership was not given because he thinks the concept would need a significant investment in advertising to take off.
Mark walks away because he thinks the price is too high. Kevin O’Leary is deeply attached to money and claims that money also adores him. Likewise missing is Kevin O’Leary. Daymond says he will only license the name and offers $100,000 for 80% of the company. Barbara leaves thinking it doesn’t smell like money.
According to Robert Herjavec, Liquid Money is a licensing product rather than a fragrance. Robert Herjavec declared he wouldn’t put money into Liquid Money. Patrick McCarthy tells Daymond John that he thinks eighty percent is too high because there is such a high need for liquid money. Daymond John asserts that he was just out as well since he missed his chance.
What Happened to Liquid Money After the Shark Tank Pitch?
Due to Patrick McCarthy’s Shark Tank debut, he received a lot of media attention. The business received a lot of media attention in the months after the initial broadcast. It was chosen as the “official fragrance” of Las Vegas as well as the Mrs. America Pageant.
The scent has Mrs. Kentucky and Mrs. Texas’ endorsements and is popular with businessmen, celebrities, and athletes. Online and at more than 200 retail locations across the nation, Liquid Money is available. A little over a year after the initial presentation, Liquid Money is discussed in a follow-up article on episode 416.
Another Shark Tank success story is Patrick McCarthy. The business is still in business and makes $4 million in revenue annually as of July 2021. Along with selling perfume, he also works as a business motivational speaker.
What Is the Net Worth of Liquid Money?
In Shark Tank season 3 episode 3, Patrick asked for $100,000 in exchange for a 5% share in his company. This points to a $2 million valuation. Since the company has expanded, it is obvious that the present valuation is larger.
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