Loctote Industrial Bag
drawstring pack that is cut-resistant
Pitch Details
Season / Episode
S8E22
Apr 21, 2017
Ask
$150,000
for 5%
Ask Valuation
$3M
Deal
$150,000
for 10%
Watch the Pitch
Deal Terms
Amount$150,000
Equity10%
Valuation$1.5M
Royaltyyes per_unit
Robert HerjavecWhat Happened Next
Deal Fell Through
Deal did not close; founders and Robert Herjavec could not agree on terms after the show
Thriving
$3M
estimated
- The deal with Robert never closed.
- July 2022: Company had sold over $6 million worth of bags.
- Still in business with annual revenue of approximately $1 million as of November 2023.
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