Jonathan Torrey and Alex Torrey are the brothers and social entrepreneurs behind Umano, a company that made t-shirts featuring the artwork of children. For every t-shirt sold, Umano gave a backpack full of art supplies to a child in need. The two University of Georgia graduates pitched their business on Shark Tank in 2015. They asked for a $150,000 investment in exchange for 15 percent equity. They made a deal with Mark Cuban and Lori Greiner — $150k for 20 percent.
[27 Favorite ‘Shark Tank’ Products at Amazon — New List]
After Shark Tank, in March 2017, the brothers announced that they were closing Umano. They said they decided to close Umano because they wanted to scale the model even bigger with more resources but it “became much less likely and it has a lot to do with fundraising.” Torrey said it was “a tough decision.”
