Pearachute

Pearachute - kid-activity subscription service

PearachuteDidn't CloseChildren & EducationWebsiteChicago, ILS9E7

Pitch Details

Season / Episode

S9E7

Oct 29, 2017

Ask

$500,000

for 6%

Ask Valuation

$8.3M

Deal

$500,000

for 15%

Watch the Pitch

Deal Terms

Amount$500,000
Equity15%
Valuation$3.3M
Mark CubanMark Cuban

What Happened Next

Deal Fell Through

Deal fell apart before episode aired; founder said terms were terrible

Operating
0
  • Deal with Mark Cuban for $500K/15% fell through in due diligence
  • Raised $3.1M in venture capital
  • Expanded to every US state
  • $1.3M annual revenue by 2021
  • Closed June 2022 due to COVID impacts

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