Draft Top Shark Tank Update

Draft Top Shark Tank Pitch

Patrick Parizo and Armand Ferranti appeared on Shark Tank Season 12, Episode 13, which aired on February 11, 2021, with manual topless can opener.

Draft Top is listed in the Lifestyle Home category. In plain terms, the business is described as manual topless can opener.

Draft Top asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, Draft Top made a listed deal with Daymond John for $300,000 for 20%.

If treated as straight equity, the listed deal works out to about $1.5 million implied valuation, down from the original $3 million implied valuation.

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

Draft Top After Shark Tank

Draft Top accepted an on-air Shark Tank deal for $300,000 for 20%. Later reporting says the deal closed after filming. (Draft Top Shark Tank Update

By 2020, Draft Top was reported at about $3 million in sales. (Draft Top Shark Tank Update

In August 2022, the company announced it would be on the shelves at over 100 Spec's stores - the largest liquor store chain in Texas. (Draft Top Shark Tank Update

The company also introduced the DT PRO, an industrial strength, bar top version of the Draft Top designed for food service. (Draft Top Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches