ABC
Entrepreneurs Joe Denim and Rachel Connors introduced their sustainable hammock enterprise, Yellow Leaf Hammocks, to the sharks on ABC’s Shark Tank to see if they may get a deal from the traders.
Yellow Leaf Hammocks are weaved by weavers employed instantly by the corporate so as to lower out the center man, they usually are available in many colours and sizes.
The founders pitched their hammock firm to Sharks Mark Cuban, Kevin O’Leary, Lori Greiner, Robert Herjavec and visitor Shark Daniel Lubetzky, the founding father of Form. The episode is the season finale for Shark Tank.
Right here’s what you need to learn about Yellow Leaf Hammocks:
1. The Firm Was Based in 2011
Yellow Leaf Hammocks started after they partnered with the endangered Mlabri tribe in Thailand in 2011 after Denim visited when he was on trip on the time, and the corporate was then funded by a Kickstarter.
The Kickstarter marketing campaign, which began in 2012, had a purpose of $10,000, and it raised $11,400 from a complete of 90 backers.
The corporate was based with two targets in thoughts, in response to the Kickstarter marketing campaign. The primary is to assist stressed Individuals have enjoyable, loosen up and faucet into their creativity. The second was to foster sustainable financial growth for marginalized communities whereas combatting social ills like youngster labor and deforestation.
2. The Hammocks are Climate-Protected
Whereas they have been initially designed for indoor use, they’re additionally weather-safe, to allow them to be hung exterior. The hammocks even have sufficient house for as much as three folks, so associates or household can squeeze in collectively and spend time wherever the hammock is hung up.
On the web site, clients should purchase tree straps or adjustable hammock stands relying on the place they need their hammocks to be arrange, and there are additionally different choices for set up.
The hammocks are additionally suitable with different stands, they usually may also be hung in several methods from timber or ropes.
3. The Hammocks Are available Totally different Sizes and Colours
There are totally different choices for the hammocks together with the signature hammock, which is the most well-liked one. It’s handwoven with weathersafe yarn that’s “ultra-soft and deeply snug.” It is available in varied colours and sells for $199.
The cotton rope hammock is finest for indoor use however may also be hung exterior. The web site says that every of the cotton rope hammocks are hand-dyed and woven with 100 % cotton. Additionally they promote for $199 with free transport and are available in two colours.
The chair hammock is “finest for some ‘me time,’” however has room for the canine. The chair hammock is available in varied colours as nicely, and it retails for $179 and free transport.
4. They Minimize Out the Center Man and Rent Weavers Immediately
In line with the Yellow Leaf Hammocks web site, they “lower out the intermediary and get cash instantly into the palms of our weavers.”
The corporate cares concerning the optimistic impression and sustainability of their product, as “there are nonetheless greater than a billion folks around the world residing in excessive poverty on lower than $1.25 a day.”
The web site says that there are greater than 1,000,000 members of hill tribes in Thailand that exist on the margins of society and have been denied citizenship, shut out of the formal job market and are weak to exploitation and trafficking.
“As an alternative of organizing a patchwork of charitable donations to supply water, diet, clothes, and so on., we’re working instantly with households to construct a complete, dignified, long-term technique towards a brighter future,” the web site reads. “The causes behind systemic poverty are difficult, however long-term monetary stability is inside attain.”
5. Yellow Leaf Hammocks Believes in Hiring and Empowering Girls
Yellow Leaf Hammocks rent girls so as to flip them into breadwinners for his or her households. The web site reads, “turning girls into breadwinners not solely builds shallowness, however improves their standing locally and permits them to pool assets and enhance infrastructure.”
Additionally they state that creating jobs for ladies is vital to them as a result of it’s vital for neighborhood transformation, and analysis exhibits that ladies spend as much as 90 % of their revenue on well being, diet and schooling for his or her households.
Tune in to Shark Tank’s season finale on Might 15, 2020, at eight p.m. ET/7 p.m. central to see if Yellow Leaf Hammocks will get a deal from the sharks.
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