The founders—Sean Riley, Ryan Meegan and Jeff Klimkowski—then nearly secured a deal with investors Robert Herjavec and Kevin O'Leary before Cuban jumped back in with his offer.
Dude Wipes, which the trio founded shortly after college graduation, are designed for multiple roles. Men can use them as an adjunct to toilet paper in the bathroom ("the second to last wipe," Klimkowsi said) or as a wipe for faces armpits, or any other area of the body. They're made with aloe and are flushable and biodegradable.
So far, the company has sales of $300,000—but they anticipate that they'll raise $1.5 million this year, now that they've secured a contract to go nationwide with retail food chain Kroger. Each pack costs $6.49 at Kroger and the products are also sold online
The founders said they needed the initial investment to land deals with more major retailers.