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When Kobe Harris started his lip balm company on his bedroom floor in 2019, he wasn’t necessarily looking to immediately drop out of college.
Then, he sold $15,000 worth of lip balm in one day, and decided to take the leap, Harris said on Friday’s episode of ABC’s “Shark Tank.”
Harris is the founder of Kobee’s, a Las Vegas-based company that sells lip balms, lotion, lip scrub, cuticle butter and hand salve made with four ingredients: beeswax, coconut oil, sunflower oil and mango butter. The products come in compostable packaging and retail anywhere from $5 to $42, according to the company’s website.
The idea struck Harris while he was conducting research on sustainability and bees for one of his professors at Loyola University Chicago, he said. He asked his mom for $200 to purchase some ingredients on Amazon, and used them to experiment with lip balm formulas on his bedroom floor at home …
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