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Everyone loves the cake, even the investors. The founders of Sweet Ballz, a cake ball company, James McDonald and Cole Egger, must have done something right because they got $ 250,000 from Mark Cuban and Barbara Corcoran in exchange for 25% of their confectionery business. . At one point, the cake business had earned $ 700,000 in cake ball sales alone with 7 to 11 franchises, according to Shark Tank Success.
This sweet success did not last, however. McDonald ended up suing Egger for breach of contract, having started a competing company called CakeBallz. At one point, McDonald’s even asked for a restraining order. The company still exists, but the founders’ partnership does not.
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