Stéphane Jean-Baptiste Biography

Stéphane Jean-Baptiste  a Haitian young entrepreneur , inventor , and television personality  known  for appearing alongside his co-founder and fellow entrepreneur , Yve-Car Momperousse , at the television show , Shark Tank where they were able to negotiate a deal for 400,000 USD . funding in exchange for 10% of their company .

Stéphane Jean-Baptiste Age

Stephane Age , Date and Place of birth is not known , this section shall be updated once information is available .

Stephane Jean Baptiste Career

Jean-Baptiste and Yve-Car Momperousse are the masterminds behind Kreyol Essence , a line of skin-care products made with castor oil . The oil is made from castor seeds harvested by about 300 farmers in Haiti .

“Whether it’s moisturizing kinky curly hair , promoting thicker lashes or brows , or relieving dry itchy skin , we have the highest performing natural products for you ,” Momperousse said , adding the products are also helpful in relieving symptoms of skin conditions like psoriasis or eczema .

The couple has had a rocky road since starting the company in 2014 . Initially selling in bulk , their sales plummeted from 135,000 USD to 40,000 USD in 2016 after they lost their top client . They rebounded in 2017 by focusing on selling directly to consumers and earned 1 million in sales in 2018 . They also secured a contract with the beauty retailer Ulta .

For shark Barbara Corcoran , the couple’s biggest strength was also their greatest weakness : Their product is too dependent on their sales pitch . “Your business is too dependent on you selling the product ,” she said . “That’s just not scalable .”

Sharks Mark Cuban and Daymond John wished them luck but said they lack the expertise needed to guide them . John said , “It’s just such a competitive space , and I don’t have enough expertise in the beauty space .”

Shark Lori Greiner was interested but their marketing approach raised several red flags , including no clinical or laboratory testing to back up claims about their products , such as possible hair regrowth . “When you put out anything like that to the consumer market , you really have to have a lot of proof backing that up ,” Greiner said .

With all the other sharks out , Jean-Baptiste and Momperousse were left at the mercy of shark Kevin O’Leary , who appreciated their track record but considered their valuation of the company too high . He would give them the 400,000 USD for 37% of the company , an offer that rattled the couple . Momperousse countered , offering 20%, but O’Leary could sense blood in the water .

“Look, I’m impressed by you . Now we’re having a tough-love discussion ,” O’Leary said . “It’s about money . I want to make money .” He also turned down another counteroffer of 25%. The strain of being so close to a deal made Jean-Baptiste tear up as he recounted how many people depended on them .

“That time period was really tough for us in 2016 ,” he said. “I mean, even to the point where we almost closed the business down . It challenged our relationship feeling as if we sort of failed our community , failed ourselves .”

When it seemed like there was no deal to be made , Momperousse proved herself a powerful entrepreneur by playing to O’Leary’s penchant for royalties , offering 15 cents per bottle in perpetuity Royalty ? That brings a tear to my eye ,” O’Leary said . His final offer was a royalty of 25 cents in perpetuity and 5% equity in the company , to which they agreed .

Outside the tank , Momperousse laughed and said , “No , we were not expecting Mr. Wonderful to be a partner in a Haitian beauty brand . Kevin O’Leary surprises you .

Stephane Jean Baptiste Salary

Stephane Salary estimates is still under review , This section Shall be updated once information is available .

Stephane Jean baptiste Net Worth

Stephane Net Worth estimates is still under review , this section shall be updated once informationis available .

Stéphane Jean-Baptiste Family

Stephane Family bacground and details is not known publicly , this section shall be updated once information is available .

Stéphane Jean-Baptiste Wife

Stephane is a married woman .She got married to the love of his life and fellow entrepreneur , Yve-Car Momperousse . she has kept her love life private . However , it is not known whether they have children , this section shall be updated once information is available .

Stephane Jean Baptiste Education

Stephane Education background and standards is not known publicly , this section shall be updated once information is available .