Snarky Tea

tea blends for specific moods

DealFood & BeverageSeason 9, Episode 8New York, NYWebsite

What Happened Next

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The Snarky Tea Shark Tank Pitch

Snarky Tea, from New York, NY, pitched on Shark Tank Season 9, Episode 8, which aired Sunday, November 5, 2017, asking for $150,000 for 25% of the company — a $600,000 valuation.

Kevin O'Leary and Bethenny Frankel teamed up and agreed to invest $150,000 for 50% equity, valuing the company at $300,000. The deal closed after the show. The terms were later renegotiated: Original deal renegotiated to O'Leary and Frankel for $150K/12% each.

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Pitch Details

Aired
S9E8Nov 5, 2017
Ask
$150,000for 25%
Ask Valuation
$600,000

Deal Terms

Amount
$150,000
Equity
50%
Valuation
$300,000

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