Shark Tank Pitch

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Tanoshi Shark Tank Update

2m

Software Tech

Pitch Overview
NameTanoshi
Main PresentersBrad Johnston, Lisa Love, Greg Smith
Order Shown in Episode2
Final DealOffer made from sharks

Tanoshi Shark Tank Pitch

Brad Johnston, Lisa Love, and Greg Smith appeared on Shark Tank Season 11, Episode 21, which aired on May 6, 2020, with 2-in-1 kid friendly tablet and computer .

Tanoshi is listed in the Software Tech category. In plain terms, the business is described as 2-in-1 kid friendly tablet and computer .

Tanoshi asked the Sharks for $500,000 for 8%, implying a valuation of about $6.3 million.

On the show, Tanoshi made a listed deal with Daymond John for $500,000 for 20%.

If treated as straight equity, the listed deal works out to about $2.5 million implied valuation, down from the original $6.3 million implied valuation.

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

Offers

Made ByLabelSharks Part of DealSummary
SharksDealDaymond John$500,000 for 20%
CompanyOffered$500,000 for 8%

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

Tanoshi After Shark Tank

Tanoshi accepted a Shark Tank deal and continued after the episode, but the current operating picture is mixed. Follow-up reporting put annual revenue around $4 million and noted the Tanoshi Scholar launch in November 2020. (Tanoshi Shark Tank update ).
Later updates are less encouraging: the company raised only $82,866 in a crowdfunding effort, and follow-up reporting says the company site listed the computers as discontinued while Amazon inventory was nearly gone. (Tanoshi follow-up reporting ).
Because LinkedIn and older business listings conflicted with discontinued products, Tanoshi should be marked unknown/dormant rather than clearly in business. (Tanoshi official site , Tanoshi current-status update ).

Sources

Sources used for this page: Shark Tank API pitches , Shark Tank API episodes , sharktankblog.com , tanoshikidscomputers.com .

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