Ben Young of Kappa Alpha Psi Fraternity, Inc., and his business partner Gregory Coleman have made Shark Tank history by landing a $1.5 million investment billionaire Mark Cuban.
The two presented their company Nexercise’s latest product on last Friday’s episode of the business pitch show. The product is an already popular interactive fitness app called Sworkit. The app offers customizable and randomized workouts and is already ranked as the #3 fitness app in the App Store.
“Our mission is to become the leading global standard for all instructional exercise,” Young said in a statement. “The exposure from the Shark Tank with allow us to reach even more users.”
Young and Coleman’s initial pitch was for $1.5 million in return for 8 percent equity in their Rockville-based company. Mark Cuban raised his equity to 10 percent, but they still got very close to their original mark and now they are walking away with the money and the backing of one of the businesses most powerful billionaires.
Ben Young crossed the Eta Sigma chapter of Kappa Alpha Psi at the University of Virginia in 1994.
Share this story with a Nupe and make his day!
Colleges3 days ago
Billionaire Robert F. Smith Just Promised to Pay off the Student Debt of the Entire Morehouse Class of 2019
Back In The Day5 days ago
These Zeta and Sigma Pictures Show What Black Greekdom Looked Like in Michigan in the Late 70s
AKAs2 days ago
The Top Alpha Kappa Alpha Graduation Photos of Spring 2019
Alphas5 days ago
The Top Alpha Phi Alpha Graduation Photos of Spring 2019
Kappas5 days ago
The Top Kappa Alpha Psi Graduation Photos of Spring 2019
Zetas1 week ago
Zeta Phi Beta Just Released a Statement Responding to Allegations About Banning Trans Women
Colleges1 day ago
Check Out This Semester’s Top Graduation Caps From Black Grads Across The Country
AKAs6 days ago
If You Miss ‘the 99′ and the 2000’, This Xavier AKA Probate Will Have You Reminiscing