@spillnoow: Sebastian Garcia and Raul Bernal found a way to make a regular suit jacket look like a tuxedo: press-and-stick satin lapels. For someone who only needs formalwear occasionally, it offered a cheaper, easier option than buying or renting another jacket. On Shark Tank, they asked for $150,000 in exchange for 20% of the business. Mark Cuban liked the look and the margins: the lapels cost about $5–$8 to make and sold for $50–$100. He offered the $150,000 for 30%, and they took the deal. After the episode, sales reportedly jumped 300%. The founders added dozens of designs and limited editions, while partnerships and influencer campaigns helped The Lapel Project grow beyond South Florida. The business later reportedly reached around $2 million in revenue. The idea was small enough to fit in a pocket, but it solved a costly problem: getting dressed for a formal event without paying for a whole new jacket. #SharkTank #MarkCuban #TheLapelProject #Business #Entrepreneurship 🏆 $50,000 USDC xStocks Trading Competition is LIVE! Trade tokenized stocks on Solflare and compete for the $50K winner prize. 📈💰 Join now: solflare.com

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Monday 12 October 2026 19:43:53 GMT