Mark Cuban confirms ‘Shark Tank’ deal with North Carolina startup didn’t close

Despite The Woobles making headlines for scoring a handshake deal from investors Mark Cuban and Lori Greiner on the ABC startup pitch show “Shark Tank,” the investment never happened.

The Woobles co-founders Justine Tiu and Adrian Zhang were called “as sharky as we are” by Cuban in an episode that aired in October — one where they walked away with what looked to be a deal for $450,000 in exchange for a 6% equity stake in their Cary-based company, which makes crochet training kits featuring cute creatures and sells them on Amazon.

But after the cameras stopped rolling, the deal failed to close.

In an email, Cuban confirmed the news, saying it was “their choice.”

Read the full story here.

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