Safety Nailer Shark Tank Update

Safety Nailer Shark Tank Pitch

Drew Zirkle appeared on Shark Tank Season 11, Episode 16, which aired on March 20, 2020, with easy safe nail holding accessory for screws and nails.

Safety Nailer is listed in the Accessories Gadgets category. In plain terms, the business is described as easy safe nail holding accessory for screws and nails.

Safety Nailer asked the Sharks for $100,000 for 14%, implying a valuation of about $714,285.714.

On the show, Safety Nailer made a listed deal with Mark Cuban and Lori Greiner for $100,000 for 33.3%.

If treated as straight equity, the listed deal works out to about $300,300.3 implied valuation, down from the original $714,285.714 implied valuation.

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

Safety Nailer After Shark Tank

Safety Nailer accepted an on-air Shark Tank deal for $100,000 for 33.3%. The on-air deal did not close. The business later shut down in 2020. (Safety Nailer Shark Tank Update

By August, 2023, update sources put Safety Nailer annual revenue around $2 million. (Safety Nailer Shark Tank Update

On May 2, 2020, Drew got Newton's Spindle (the toy he pulled out on Shark Tank) funded on Kickstarter. (Safety Nailer Shark Tank Update

Safety Nailer products are still available on Amazon. (Safety Nailer Shark Tank Update

The company also have three new products available for pre-order on the company website: the aforementioned toy, a carpenter's pencil sharpener and a patent pending sponge holder. (Safety Nailer Shark Tank Update

The current brand site points customers to www.safetynailer.com. (Safety Nailer website

Sources

Sources used for this page: Shark Tank API pitches