Several current and former NFL players are investing in the Lemonade business of 12-year-old Mikaila Ulmer.
Mikaila Ulmer started selling her honey-sweetened lemonade business, Me & The Bees when her great-grandmother passed down a family recipe from the 1940s. The lemonade became so popular that Ulmer received offers to sell it at several retail stores. She was also a contestant on Shark Tank in 2016. Now a few professional football players are investing in her company.
Current and former players Arian Foster, Duane Brown, Darius Slay, Omar Bolden, Glover Quin, Jonathan Grimes, Bobby Wagner, Sharrick McManis, EJ Manuel and Malik Jackson put up a total of $810,000 to back Mikaila’s business.
Foster told the Houston Chronicle the group of players had been searching for an investment opportunity that would assist a promising, young entrepreneur like Ulmer, while supporting a good cause. Ulmer’s business was ideal, as she is invested in fighting against colony collapse disorder, which has devastated bee populations globally.
“Of course, any time you invest in anything you look at if it’s going to be profitable,” Foster said. “We look for companies that match our main focus of developing a good product, but are also good people and do it for the right reasons. It’s more than about money to us. We believe that investing in small black businesses is extremely important.”
Kudos to MIkaila for her entrepreneurial spirit, and to the players that committed to investing in such a promising startup.