XCraft
personal use drone
Pitch Details
Season / Episode
S7E5
Oct 23, 2015
Ask
$500,000
for 20%
Ask Valuation
$2.5M
Deal
$1.5M
for 25%
Watch the Pitch
Deal Terms
Amount$1.5M
Equity25%
Valuation$6M
Mark Cuban
Lori Greiner
Robert Herjavec
Daymond John
Kevin O'LearyWhat Happened Next
Deal Fell Through
Five-shark deal did not survive post-show due diligence and terms negotiation. No specific reason publicly documented.
Operating
$6M
reported
- On-air deal with all five sharks for $1.5 million for 25% did not close post-show
- Post-show Kickstarter raised over $170,000; raised $1,068,687 on StartEngine in 2018
- Pivoted to defense, mapping, and public safety drone applications; partnered with T-Mobile
- Annual revenue estimated $6 million
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