Black Sands Entertainment Shark Tank Update (Season 13)

Black Sands Entertainment is a comic book business. This business focuses on publishing different historical comic books. African mythology is shown in most of the comic books. The company’s comic book target audience is black consumers.

This Black Sands Entertainment Private Company has published many graphic novels and comics with Afrofuturist themes. It publishes comic books etc. in non-fictional and fictional genres like DC and Marvel.

This Black Sands Entertainment Company was started in 2016 by Teunis De Raat, Manuel Godoy, and Geiszel Godoy, following their passion.

Geiszel is from a fashion design background and Manuel is an army administrator. Teunis has worked in the animation industry for 25 years with various companies such as Disney, Pixar, and many more

After the launch of this business in 2016, about 60,000 units of comic books were sold. This company has launched many comic books so far.

In March 2017, they ran a Kickstarter campaign for the “Kids 2 Kings: 4 Kids, 7 Kingdoms, 1 Legend” comic, and the campaign raised $17,804 from 311 backers. This campaign was for 29 days and its goal was $4,000.

They launched 4 different campaigns on Kickstarter and this raised a total of $1,12,854 from 1,505 backers. As of January 4, 2023, they have raised $1,014,999 from 2,560 investors on WeFunder.

In December 2019, the company’s revenue was $100,048 and it had a net profit of $22,098.

Teunis De Raat, Manuel Godoy, and Geiszel appear in Shark Tank Season 13 Episode 10 and demand $500k for a 5% equity at a $10 Million Valuation from the shark.

What Is Black Sands Entertainment?

Black Sands Entertainment is a Private Entertainment Company. Black Sands publishes different types of comics, graphic novels, chapter books, DVDs picture books, etc.

All their titles and comics are based on black superheroes and African mythology. Their content is for most of the black consumers.

As of January 4, 2023, Black Sands has published 14 titles and appeared in multiple national outlets. Recently they have launched some new titles like Mask of the Orisha Series, Muntu Warriors, Granada’s Shadow, and many more.

They are listed as Exhibitors at Keystone Comic Con and New York Comic Con 2018. The first year they sold 15,000 books nationwide.

You can buy all these titles from Amazon and Black Sands’ website. Its price ranges from $25 to $60. By January 3, 2023, they have sold a total of 200,000 units.

Company NameBlack Sands Entertainment
FounderTeunis De Raat, Manuel Godoy and Geiszel Godoy
Productindependent black content developers
Asked For$500k for 5% Equity
Final Deal$500k for 30% Equity
SharkMark Cuban and Kevin Hart
Episode (Shark Tank USA)S13 E10
Air DateJan 7, 2022
Business StatusIn Business
WebsiteVisit Website
HeadquartersColumbia, Maryland, United States
Lifetime Worth (Sales)$5M *estimated
Go To AmazonBuy Now
Watch OnAmazon Prime

 Another Shark Tank Pitch

Who Is The Founder Of Black Sands?

The Co-Founder & CEO of Black Sands Entertainment is Manuel Godoy and the CEO of the company is Geiszel Godoy. Prior to April 2022, Teunis de Raat was the partner & head of the studio of the company.

Manuel Godoy

Manuel was an army administrator for 5 years. He had completed his BBA studies at Queens College.

Geiszel Godoy

Geiszel is a fashion designer and has studied Fashion Business Management at the Fashion Institute of Technology.

She has worked as a designer for various companies such as Disguise, Junior Sports Wear Company, Calvin Klein, and many more. She worked as a Freelance Assistant Technical Designer at Calvin Klein for 1 year.

Geiszel and Manuel got married and in 2016 they launched the Black Sands Company.

How Was The Shark Tank Pitch Of Black Sands Entertainment?

Teunis, Manuel, and Geiszel Enter Shark Tank & Ask Sharks For $500K For A 5% Equity. They explained their product to Shark and also told about the sales report.

They have sold about 100,000 copies in the beginning. Their animated Property which 8 minutes pilot is $250,000. Most of their revenue comes from physical book sales. They have sold 120,000 units so far this year at the $20 retail price.

$2 is their landed cost, $20 is retail and $8 is wholesale cost. In 2017 the business made $40,000 in sales, in 2018 the business made $220,000 in sales and raised capital for a DVD. They did $600,000 in sales in 2020, and so far in 2021, they have done $800,000 in sales.

$300,000 in cash in the bank now. Kevin Hart asked what is the need for money. Manuel said they needed money to hire artists, writers, etc. The cost of each artist ranges from $30,000 to $40,000 per year.

Mark Cuban and Kevin Hart offer $500k for a 30% equity. Mark will help in the technology of this business and Kevin in marketing and branding.

Manuel counters in $500k for a 10% equity + a $0.25 royalty per hardcover sold in perpetuity. Manuel has already raised $1 million. Manuel agreed to the deal

Finalize: Mark Cuban and Kevin Hart invest $500K in “Black Sands Entertainment” for 30% equity.

Black Sands Entertainment Shark Tank Update

Black Sands Entertainment gets a deal on Shark Tank. This entertainment company was invested by Kevin Her and Mark Cuban.

Kevin Hart has his marketing ecosystem and Mark Cuban understands technology, so both of them will help in growing the business.

The company’s annual sales for 2021 were $1.2 million, The company has reached $2 million+ in lifetime sales as of January 4, 2022.

They have raised $2 million in capital so far and the brand has published 14 titles as of January 4, 2023. Their titles and comic books have appeared in multiple national outlets.

As of January 2023, they launched a Two campaign on Kickstarter and have raised a total of $1,47,274 from 946 backers.

As of January 2023, they have launched a total of 6 campaigns on Kickstarter and raised a total of $2,60,128 from 2,451 backers.

As of January 4, 2023, the official Black Sands Twitter account @blacksandspod has been suspended for violating Twitter rules.

After the Shark Tank episode of Black Sands Entertainment aired, the sale of his comic increased a lot nationwide. A lot of people bought Black Sands comics after watching the show.

In November 2022, Mark Cuban and Kevin Hart closed this deal. Hopefully this company can go ahead and become a huge brand like DC and Marvel comic

We’re following Teunis De Raat, Manuel Godoy, and Geiszel Godoy along with their company for further updates.

What Is Black Sands Net Worth?

Black Sands had asked for a $10 million valuation in Shark Tank but the deal could not be done at that valuation. After much negotiation, Black Sands was worth $1.6 million.

According to some media sites, the market size of the global comic industry in 2021 was $14.69 billion and the maximum market has been captured by Marvel Comics and DC Comics. People from France, Belgium, Japan, South Korea, the US, the UK, and Canada like to read comic books the most.

Black Sands is the world’s largest comic publisher of Black Superheroes and African Mythology. The story of Most of Egypt and the Middle East is shown in their comics.

This comic publisher has published 14 titles so far and plans to work on animation videos. To grow this business, a lot of investment will be required.

Yes, Black Sands is still in business as of April 2024.

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