Outer
eco-friendly outdoor furniture
Pitch Details
Season / Episode
S11E8
Nov 17, 2019
Ask
$750,000
for 4%
Ask Valuation
$18.8M
Deal
$750,000
for 5%
Watch the Pitch
Deal Terms
Amount$750,000
Equity5%
Valuation$15M
Royaltyyes per_unit
Loan$750,000
Lori GreinerWhat Happened Next
Deal Fell Through
No specific reason publicly documented. The company raised $65M+ in VC (including Sequoia) and likely no longer needed the on-air deal terms.
Operating
$26M
reported
- Deal with Lori Greiner closed: $750K loan for 5% equity plus $30/unit royalty until $1M repaid
- $800K in sales in first 4 months before Shark Tank
- Had raised $15M in funding prior to appearing on show
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