Kudo Banz is a positive parenting tool that “teaches children good behaviors in a fun, engaging and lasting way.” Instead of using a sticker chart at home, Kudo Banz provides parents with silicone bracelets and charms which are doled out to kids as rewards for good behavior. Kudo Banz are often used with picky eaters, stubborn potty trainees, and tantrum throwers. The founders of Kudo Banz — husband and wife team Hamza Naqvi and Amanda Naqvi of Shelton, Connecticut and their three children (Mickey, 12, Ayaan, 10 and Sofia, 7) — pitch their business on Shark Tank on March 17. According to ABC, the kids take over the presentation. Is that reward worthy?
Two years ago, Hamza Naqvi left his career in the hedge fund industry (he was a director at UBS) to focus full-time on Kudo Banz while his wife Amanda Naqvi continues to run her other business, PaperRamma, a company that sells custom artwork for the home and photo backdrops for weddings and parties. PaperRamma was launched on Etsy in 2008 and is followed by tens of thousands of people. New episodes of Shark Tank air Sundays at 10 pm on ABC, right after American Idol. [Related: 27 Favorite ‘Shark Tank’ Products at Amazon — New List]