Steven Mazur, one of own MMSTC graduates from the class of 2009 emerges form the "Shark Tank" alive! and $150K richer to invest into his and his partner's new Detroit based start-up company Ash and Erie, a clothing store for shorter men. Read the attached story from the Detroit Free Press
by Perry A. Ferrell 10/23/2017
Billionaire Mark Cuban made a Detroit-based clothing store $150,000 richer on the show “Shark Tank.’’
The episode aired Sunday on ABC.
The owner of the NBA's Dallas Mavericks was so impressed with Ash and Erie, formerly called Ash and Anvil, that he stepped up and offered $150,000 for 25% of the company, according to the web site Michipreneur.
According to Daily Detroit, the company, run by Steven Mazur and Eric Huang, was aiming for $100,000.
"It has been a fun past 24 hours,'' said Mazur. "We had a watch party at our office. So far it's great to see that the nation can finally take a look at the pitch. Our website traffic has spiked. It's all around the country, even in Canada. People are visiting and i think there area lot of first-time customers looking to try us out.''
Ash and Erie is a store for shorter men, selling shirts for clients 5-foot-8 or smaller. They also tailor their shirts to fit.
According to the website, the price of a single shirt starts at $79. Shirt bundles of three run $219 and jeans are $149.
"We're both first-time founders, and for us it's worth it to have a partner on board,'' Mazur said of Cuban's 25% share. "We went on the show to find someone who knew what we were doing and wants to go all the way with us.''