Yellow Leaf Hammocks Shark Tank Update

Yellow Leaf Hammocks Shark Tank Pitch

Joe Demin and Rachel Connors appeared on Shark Tank Season 11, Episode 24, which aired on May 15, 2020, with handmade hammocks with a social cause.

Yellow Leaf Hammocks is listed in the Lifestyle Home category. In plain terms, the business is described as handmade hammocks with a social cause.

Yellow Leaf Hammocks asked the Sharks for $400,000 for 7%, implying a valuation of about $5.7 million.

On the show, Yellow Leaf Hammocks made a listed deal for $1,000,000 for 25%.

If treated as straight equity, the listed deal works out to about $4 million implied valuation, down from the original $5.7 million implied valuation.

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

Yellow Leaf Hammocks After Shark Tank

Yellow Leaf Hammocks closed its Shark Tank deal and later appeared in a Season 12 update about navigating the COVID-19 period. The pandemic hurt travel and cruise-related sales channels, but the company continued selling online. (Yellow Leaf Hammocks Shark Tank update

By August 2022, follow-up reporting put annual revenue around $6 million. The company also introduced the Vista, a more portable hammock stand with some of the same relaxation positioning as the larger Hammock Throne. (Yellow Leaf Hammocks follow-up reporting

The current official site is active with hammocks, hanging chairs, stands, and the brand's social-impact story around artisan weaving. This remains an active Shark-backed consumer brand. (Yellow Leaf Hammocks official site

Sources

Sources used for this page: Shark Tank API pitches