Tanoshi Shark Tank Update

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.

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

Sources

Sources used for this page: Shark Tank API pitches