Bear Minimum Shark Tank Update

Bear Minimum Shark Tank Pitch

Cory Santiago and Heidi Santiago appeared on Shark Tank Season 10, Episode 1, which aired on October 7, 2018, with folding cook pot for the outdoors.

Bear Minimum is listed in the Fitness Outdoors category. In plain terms, the business is described as folding cook pot for the outdoors.

Bear Minimum asked the Sharks for $100,000 for 20%, implying a valuation of about $500,000.

On the show, Bear Minimum made a listed deal for $100,000 for 25%.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $500,000 implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Bear Minimum After Shark Tank

Bear Minimum accepted an on-air deal for its folding outdoor cook pot, and later updates say the deal closed. (Bear Minimum Shark Tank Update

The original Bear Minimum product line struggled with availability after the episode, with old updates noting that most items were sold out or unavailable through common sales channels. (Bear Minimum Shark Tank Update

The current public path points to Truva Grill, which is where the old Bear Minimum domain now redirects. I kept the business active, but the post-show story is really a pivot/repositioning from compact camp cookware into the Truva Grill brand. (Bear Minimum Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches