Pitch Details
Season / Episode
S7E22
Mar 18, 2016
Ask
$500,000
for 5%
Ask Valuation
$10M
Deal
$500,000
for 3%
Deal Terms
Amount$500,000
Equity3%
Valuation$16.7M
Royaltyyes per_unit
Lori GreinerWhat Happened Next
Deal Fell Through
Founder decided to turn down Greiner's offer stating it wasn't right for the business; company thrived independently to $14M+ valuation
Thriving
$50M
Estimated annual revenue exceeding $50M
- On-air deal with Lori Greiner and Robert Herjavec did not close; founders walked away from deal
- Founder Alter left the company in August 2016
- Business continued explosive growth post-show; pre-show sales $4 million with 70% profit margins
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