The Matte Shark Tank Update

The Matte Shark Tank Pitch

Melissa Clayton appeared on Shark Tank Season 12, Episode 20, which aired on April 9, 2021, with Sink countertop makeup organizer and space saver.

The Matte is listed in the Cosmetics Beauty category. In plain terms, the business is described as Sink countertop makeup organizer and space saver.

The Matte asked the Sharks for $100,000 for 20%, implying a valuation of about $500,000.

On the show, The Matte made a listed deal with Lori Greiner for $100,000 for 33%.

If treated as straight equity, the listed deal works out to about $303,030.303 implied valuation, down from the original $500,000 implied valuation.

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

The Matte After Shark Tank

The Matte accepted an on-air Shark Tank deal for $100,000 for 33%. Later reporting says the deal closed after filming. (The Matte Shark Tank Update

By October 2023, The Matte lifetime was reported at about $6 million in sales. (The Matte Shark Tank Update

The jewelry is available at Target. (The Matte Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches