Shark Tank investor Damon Jean is being accused of stealing from a Black household owned enterprise, and now they’re placing him on BLAST, Media Take Out has realized.
Al “Bubba” Baker, a retired NFL defensive finish was operating Bubba’s Q, his household’s fashionable barbecue restaurant in Avon, Ohio, when he got here up along with his personal invention – boneless child again ribs that had been offered in a number of native supermarkets.
Al had a dream of taking his boneless ribs enterprise nationwide, whereas increasing his branded line of sauces and rubs. It was sluggish to start with, and so the household determined to succeed in out to Damon John, from Shark Tank to assist them develop their enterprise.
BIG MISTAKE.
In September 2013, Al determined to go on Shark Tank, when Damon Jean agreed to put money into his enterprise.
Al accepted trend mogul Daymond John’s supply: $300,000 in return for a 30% minimize of the corporate, so long as they may discover a licensing cope with a big meat processor.
Inside three years, Baker and his Bubba’s Q Boneless Child Again Ribs had been being promoted on the present and varied press accounts as one of many largest “Shark Tank” success tales, producing $16 million in income.
Sadly, Al and his household solely obtained $659,653, barely 4% of the enterprise’ publicized income.
What started as their “Shark Tank” dream, they are saying, “has been a nightmare”, John instructed the information media, Media Take Out confirmed.
Al is now accusing Damon John and a few of his associates and companions — together with one former contestant dealing with felony fees — of deceptive them, attempting to take over their enterprise and depriving them of the income from probably profitable partnerships.
In accordance with the Al and his household, Damon and his representatives ceased speaking with them till final month.