As of January 2023, Kiowa Kavovit takes the prize as the youngest entrepreneur ever to pitch to “Shark Tank.” Per Good Morning America, Kavoit was only six years old when she pitched the sharks in 2014.
Kavovit’s invention was called Boo Boo Goo. The product is a type of paint-on liquid bandage intended to keep minor cuts and scrapes dry and clean. Unlike competing brands, Kavoit’s formula is organic, made of natural materials, pain-free, waterproof, and colorful, making it attractive to younger people. Accompanied by her father, Andrew Kavoit, an actor, she was so short she had to stand on a stool to properly address the sharks. Kavovit and her father were looking for a $100,000 investment in trade for a 17.5% stake in the company.
Per the Shark Tank Blog, most of the sharks backed out early, citing a lack of uniqueness in the idea, the fact that the product’s patent is pending, and that consumers were not likely to desire such a product or prefer it over traditional bandages. But one shark, Kevin O’Leary, happily agreed to invest, if Kavovit and her father would agree to his taking an increased 25% stake in the company. Kavovit agreed to O’Leary’s terms, and the deal was struck.
Unfortunately, the product isn’t currently being manufactured; the official Boo Boo Goo website is down, and its Facebook page hasn’t been updated since 2019. Hopefully, Kavovit — who would be a teenager now — is still out there inventing cool things.
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