Yve-Car Momperousse Biography and Wikipedia
Yve-Car Momperousse is an Haitian young entrepreneur, inventor, and television personality. Yve-Car gained fame after appearing alongside her co-founder and fellow entrepreneur, Stephane Jean-Baptiste, at the television show, Shark Tank where they were able to negotiate a deal for $400,000 funding in exchange for 10% of their company.
Yve-Car Momperousse Age and Birthday
The Haitian entrepreneur, television personality, and inventor, Momperousse, maintains a low profile about her personal life. There is no known information about her date of birth nor her place of birth. This information will soon be updated.
Yve-Car Momperousse Height and Weight
Yve-Car likes to keep a low profile about her personal life. From her pictures, she is of average height with a beautiful body. Her height, weight, and other body measurements are currently under review and will soon be updated.
Yve-Car Momperousse Family, Parents and Siblings
Momperousse has not revealed any information about her parents, siblings nor relatives. This information will be updated as soon as it has been made available.
Yve-Car Momperousse Husband and Children
Yve-Car is a married woman. She got married to the love of her life and fellow entrepreneur, Stephane Jean-Baptiste. There is no known information about their wedding day nr their wedding place. It is also not known if the lovely couple has been blessed with kids or not. This information will soon be updated.
Yve-Car Momperousse Kreyol Essence
Stephane 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 to $40,000 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 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.”
Yve-Car Momperousse Net Worth and Salary
The Haitian entrepreneur explained on shark tank that they had invested in their business for quite some time. Her annual salary and net worth are currently under review and will soon be updated.
Yve-Car Momperousse Instagram
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This time last year, me and @sjeanbap33 were in L.A. secretly pitching on #sharktank. There are so many lessons learned from the journey of getting on the infamous #sharktank carpet. The lesson I remember in looking at these pictures is that “talent wins games, but teamwork wins championships “ @michaeljordan In business and life you need coaches and a few good people to support you. Entrepreneurship is not a one man sport. Each company is assigned 2 producers. They work with you for almost a year to get your 2min company intro right and make sure you submit a ton of paperwork on time. They DO NOT work with you on questions that will come from the Sharks or give advice on how to answer. However, 2 minutes to show time, a search party came to get me from the bathroom (I didn’t know we were up next 😱) and my producer said something that did not make sense to me at the time: YveCar FIGHT. You came to get a deal, if things get tough DO NOT STOP or GIVE UP until you get what you came for! OK crazy lady I thought. I am on 3 hrs of sleep and am exhausted 😩. This actually became the most important piece of advice I received. It was a coaching moment and I didn’t realize it until later (It makes tons of sense if you saw the episode). The other lesson around people is that in a team, the energy of the people in your life and business impacts your performance. It matters. We had a group of flexible, high energy, and loving people helping to recreate a glimpse of Haiti on set. They never complained about rehearsing, the 4am call time , producers shuffling us around, and they celebrated us BEFORE and AFTER pitching. Thank you @karinabonnefil @taliakhalidartistry @kafhidee for the hugs, laughs, and energy. Maybe these lessons are coming top of mind because @kreyolessence is hiring (see link in bio). Please share it widely as we need a great team for what comes next. #entrepreneurmindset #lessons