Henry Miller got much more than he expected on his visit to the ABC television show "Shark Tank."
Miller, a 16-year-old from Deming and owner of Henry's Humdingers, was offered $300,000 for 75 percent of his company by two ultra-rich investors, an offer he accepted. The show aired on Friday night, March 14.
A jar of Henry's Humdingers combines raw honey with a variety of spices and can be used as a condiment or that special ingredient in a recipe.
Miller originally went on the show to persuade the investors to purchase 25 percent of his company for $150,000. After a bit of debate about how the company could succeed, Mark Cuban, owner of the NBA's Dallas Mavericks, offered $300,000 for 60 percent of the company if another investor, Robert Herjavec, a high-tech mogul who owns his own island, would join him.
Herjavec said he didn't believe the valuation was correct and said he would join in the partnership for 75 percent of the company.
Without consulting his parents, Denise Miller and Tom Roberts, Henry Miller chose to take the deal. Miller said he wanted to make the deal so that he could pay back his parents, who had sunk $150,000 into the start of Henry's Humdingers.