$20M in Sales Post-Shark Tank (How Bambooee Made Millions)

M in Sales Post-Shark Tank (How Bambooee Made Millions)

Noam, the founder of Bambooy, shares his journey of turning a simple business idea into a massive success. He created a sustainable bamboo-based paper towel alternative that can be washed up to 100 times. With an initial budget of $3-5,000, Noam’s company took off after appearing on Shark Tank and receiving a $200,000 investment from Laurie for 10% equity. The product became a huge hit, featured on QVC, and achieved over $20 million in sales.

Term Definition Example Usage
Sustainable Capable of being maintained at a certain level without depleting natural resources. Noam created a sustainable bamboo-based paper towel alternative.
Equity A share or interest in a business or property. Laurie received 10% equity in Noam’s company in exchange for her investment.
Investment The act of putting money into a business or project with the expectation of earning a profit. Noam received a $200,000 investment from Laurie.
Initial First or beginning. Noam started his company with an initial budget of $3-5,000.
Massive Noam’s company achieved massive success after appearing on Shark Tank.
Alternative A different option or choice. Noam created a bamboo-based paper towel alternative.
Featured Given special attention or prominence. Noam’s product was featured on QVC.
Hit Extremely successful or popular. Noam’s product became a huge hit.
Depleting Reducing or using up a resource. Noam’s sustainable product aims to avoid depleting natural resources.
Profit A financial gain or benefit. Noam’s company earned a significant profit, achieving over $20 million in sales.

 

Vocabulary Quiz

  1. The word “sustainable” in the context of the passage means:

    • A) Capable of being used only once
    • B) Harmful to the environment
    • C) Able to be maintained at a certain level without depleting natural resources
    • D) Requiring a large amount of energy to produce

  2. The phrase “took off” in the passage means:

    • A) Experienced a significant decline in sales
    • B) Became extremely successful and popular
    • C) Remained stagnant and unchanged
    • D) Was forced to shut down due to financial difficulties

  3. The word “equity” in the passage refers to:

    • A) A type of investment that provides a fixed return
    • B) A percentage of ownership in a company
    • C) A loan that must be repaid with interest
    • D) A type of tax levied on businesses

  4. The word “hit” in the passage means:

    • A) A product that failed to sell well
    • B) A product that became extremely popular and successful
    • C) A product that was met with neutral reviews
    • D) A product that was recalled due to defects

  5. The word “achieved” in the passage means:

    • A) Failed to reach a certain goal or target
    • B) Successfully reached or accomplished something
    • C) Was unable to attain a certain level of success
    • D) Experienced a decline in sales or revenue

Answer Key

  1. C) Able to be maintained at a certain level without depleting natural resources
  2. B) Became extremely successful and popular
  3. B) A percentage of ownership in a company
  4. B) A product that became extremely popular and successful
  5. B) Successfully reached or accomplished something

 

The Use of the Present Perfect and Past Simple Tenses

 

The present perfect tense is used to describe an action that started in the past and continues up to the present moment, or has a connection to the present. In the text, “Noam shares his journey” is an example of the present perfect tense, indicating that Noam is currently sharing his experience. On the other hand, the past simple tense is used to describe completed actions in the past, such as “He created a sustainable bamboo-based paper towel alternative” and “The product became a huge hit”. The correct use of these tenses is crucial to convey the timeline of events in a coherent manner.
  1. What is the main reason for using the present perfect tense in the sentence “Noam shares his journey of turning a simple business idea into a massive success”?
    1. A) To describe a completed action in the past
    2. B) To emphasize the connection between the past and the present
    3. C) To show that the action is still ongoing
    4. D) To highlight the importance of the event
  2. Which of the following sentences uses the past simple tense correctly?
    1. A) Noam is creating a sustainable bamboo-based paper towel alternative.
    2. B) The product becomes a huge hit.
    3. C) He created a sustainable bamboo-based paper towel alternative.
    4. D) The company is taking off after appearing on Shark Tank.
  3. What is the purpose of using the past simple tense in the sentence “The product became a huge hit”?
    1. A) To show that the action is still ongoing
    2. B) To emphasize the connection between the past and the present
    3. C) To describe a completed action in the past
    4. D) To highlight the importance of the event
  4. Which of the following sentences uses the present perfect tense correctly?
    1. A) Noam created a sustainable bamboo-based paper towel alternative.
    2. B) The product has become a huge hit.
    3. C) He is sharing his journey of turning a simple business idea into a massive success.
    4. D) The company took off after appearing on Shark Tank.
  5. Why is it important to use the correct tense in the sentence “Noam shares his journey of turning a simple business idea into a massive success”?
    1. A) To show that the action is still ongoing
    2. B) To emphasize the connection between the past and the present
    3. C) To describe a completed action in the past
    4. D) To convey the timeline of events in a coherent manner
  1. Answer: B) To emphasize the connection between the past and the present
  2. Answer: C) He created a sustainable bamboo-based paper towel alternative.
  3. Answer: C) To describe a completed action in the past
  4. Answer: B) The product has become a huge hit.
  5. Answer: D) To convey the timeline of events in a coherent manner

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