The Measuring Shovel Shark Tank Update

The Measuring Shovel Shark Tank Pitch

Maddox Pritchard appeared on Shark Tank Season 11, Episode 6, which aired on November 3, 2019, with shovel with a built in ruler.

The Measuring Shovel is listed in the Fitness Outdoors category. In plain terms, the business is described as shovel with a built in ruler.

The Measuring Shovel asked the Sharks for $40,000 for 15%, implying a valuation of about $266,666.667.

On the show, The Measuring Shovel made a listed deal with Kevin O'Leary and Lori Greiner for $40,000 for 30%.

If treated as straight equity, the listed deal works out to about $133,333.333 implied valuation, down from the original $266,666.667 implied valuation.

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

The Measuring Shovel After Shark Tank

The Measuring Shovel accepted an on-air Shark Tank deal for $40,000 for 30%. The on-air deal did not close. The latest available update leaves the company's current status as unknown. (The Measuring Shovel Shark Tank Update

Maddox does have a website now though. (The Measuring Shovel Shark Tank Update

As of November, 2022, the shovels are not for sale, but the company's new Facebook page states "we haven't given up." As of April, 2024, the status of this business remains unchanged. (The Measuring Shovel Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches