Creaproducts

hair cutting guide and associated beauty products

CreaproductsDidn't CloseFashion & BeautyWebsiteHonolulu, HIS7E27

Pitch Details

Season / Episode

S7E27

May 6, 2016

Ask

$200,000

for 10%

Ask Valuation

$2M

Deal

$200,000

for 22.5%

Watch the Pitch

Deal Terms

Amount$200,000
Equity22.5%
Valuation$888,889
Barbara CorcoranBarbara Corcoran

What Happened Next

Deal Fell Through

Deal with Lori Greiner never closed; sales rocketed 5000% from Shark Tank exposure alone; $3M/yr revenue

Operating

$3M

estimated

  • Deal with Lori Greiner for $200K for 22.5% (Season 7) - deal never closed
  • Shark Tank effect: 5000% sales increase
  • Sales surged during COVID-19 lockdowns (home hair cutting)
  • Introduced different CreaClip sizes for various hair types
  • Sold on website, Amazon, and QVC UK

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