Young CEO Receives $50,000 'Shark Tank' Offer and Unveils Surprising Facts About Product

Eight-year-old Gavin Batarse, CEO of Glove Wrap, impressed the investors on ABC's "Shark Tank" with his invention that helps break in baseball gloves. Seeking $50,000 for 20% of the business, Gavin received a joint offer from billionaires Mark Cuban and Michael Rubin. Cuban suggested selling the product to baseball teams, while Rubin expressed confidence in Gavin's future success. The deal was finalized at $50,000 for a 22% equity stake in Glove Wraps. Gavin joins a list of young entrepreneurs who have secured investments on the show.