Maya Nazareth Wins Shark Tank Deal
Maya Nazareth is a BJJ entrepreneur and practitioner who owns the brand Alchemize Fight Wear. After an unfortunate wardrobe malfunction during her early years of training, Nazareth was inspired to create BJJ training apparel specifically for women.
She created Alchemize Fight Wear and the brand’s patented all-in-one singlet/bra that prevents wardrobe malfunctions. Nazareth created the slogan “built for our bodies and built for battle.”
After years of work, Alchemize Fight Wear has accumulated $1.8 million in lifetime sales, with the singlet/bra line accounting for 80% of total earnings.
This increasing brand recognition led Maya Nazareth to earn an invite on the highly rated reality show Shark Tank. Nazareth made a compelling pitch to the sharks, and they were immediately interested in her product.
Sharks Lori Greiner and Alexis Ohanian initially offered Nazareth an offer of $250k for 20%. She counteroffered at 10%.
This led the sharks to re-up their offer to $300k and for 15%. Nazareth, once again counteroffered. “I’m going to take my chance. Could we do the $300k for 12%?”- Maya Nazareth.
The sharks agreed to the terms, and Nazareth came out a winner. Congratulations to Maya, and we wish you more success to come with Alchemize Fight Wear.
Bobby is martial artist for almost 20 years with a BJJ black belt under Professor Sergio Miranda. He is also a karate black and former combat sports athlete, who loves all things grappling.