Novel Effect
Novel Effect - storybook app with voice effects
Pitch Details
Season / Episode
S9E6
Oct 29, 2017
Ask
$500,000
for 10%
Ask Valuation
$5M
Deal
$500,000
for 15%
Deal Terms
Amount$500,000
Equity15%
Valuation$3.3M
Lori GreinerWhat Happened Next
Deal Fell Through
Deal with Lori Greiner did not go through; unable to reach satisfactory agreement
Operating
$4M
reported
- App that adds sound effects while reading children's books aloud; pitched on Shark Tank Season 9
- Got deal with Mark Cuban
- Partnered with major children's book publishers
- Raised additional funding to expand content library
- Rebranded and expanded into educational technology space
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