Pearachute
Pearachute - kid-activity subscription service
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 CubanWhat Happened Next
Deal Fell Through
Deal fell apart before episode aired; founder said terms were terrible
Shut Down
0- $3.1 million raised from venture capital between 2019-2020.
- It looks like the pandemic pivot didn't work out, Vargas closed the business in June, 2022.
- Desiree Vargas Wrigley became Chief Innovation Officer at P33 Chicago.
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