Lectec
Educational technology
What Happened Next
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The Lectec Shark Tank Pitch
Jared Ebersole and Luke St. Amand of New York, NY pitched Lectec on Shark Tank Season 16, Episode 11, which aired Friday, February 7, 2025, asking for $100,000 for 10% of the company — a $1M valuation.
Robert Herjavec agreed to invest $100,000 for 15% equity, valuing the company at $666,667. The deal closed after the show. The terms were later renegotiated: Deal with Robert Herjavec for $100K for 15% (asked $100K for 10%).
Watch the Pitch
Pitch Details
- Aired
- S16E11Feb 7, 2025
- Ask
- $100,000for 10%
- Ask Valuation
- $1M
Deal Terms
- Amount
- $100,000
- Equity
- 15%
- Valuation
- $666,667
Robert Herjavec