FlexScreen Shark Tank Update

FlexScreen Shark Tank Pitch

Joe Altieri appeared on Shark Tank Season 11, Episode 10, which aired on January 4, 2020, with flexible window screen replacement.

FlexScreen is listed in the Other category. In plain terms, the business is described as flexible window screen replacement.

FlexScreen asked the Sharks for $800,000 for 6%, implying a valuation of about $13.3 million.

On the show, FlexScreen made a listed deal with Lori Greiner for $400,000 for 50% of retail business + $400,000 line of credit.

If treated as straight equity, the listed deal works out to about $800,000 implied valuation, down from the original $13.3 million implied valuation.

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

FlexScreen After Shark Tank

FlexScreen accepted an on-air Shark Tank deal for $400,000 for 50% of retail business + $400,000 line of credit, and follow-up reporting says the deal closed after filming. (FlexScreen Shark Tank Update

Update sources put FlexScreen sales around $5.1 as of 2020. (FlexScreen Shark Tank Update

Joe is still selling direct to consumer, but he and Lori are going into retail stores. (FlexScreen Shark Tank Update

Perhaps we'll learn some more about that in the episode 1212 update segment. (FlexScreen Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches