Foam Party Hats Shark Tank Update

Foam Party Hats Shark Tank Pitch

Manuel Rojas and Grace Rojas appeared on Shark Tank Season 12, Episode 5, which aired on November 12, 2020, with foam party hats.

Foam Party Hats is listed in the Media Entertainment category. In plain terms, the business is described as foam party hats.

Foam Party Hats asked the Sharks for $100,000 for 15%, implying a valuation of about $666,666.667.

On the show, Foam Party Hats made a listed deal with Mark Cuban and Lori Greiner for $100,000 for 25%.

If treated as straight equity, the listed deal works out to about $400,000 implied valuation, down from the original $666,666.667 implied valuation.

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

Foam Party Hats After Shark Tank

Foam Party Hats accepted an on-air Shark Tank deal for $100,000 for 25%, then kept operating after the episode. (Foam Party Hats Shark Tank Update

By January 2023, Foam Party Hats was reported at about $1 million in annual revenue. (Foam Party Hats Shark Tank Update

Foam Party Hats's hats are in over 750 Party City stores across the USA. (Foam Party Hats Shark Tank Update

Foam Party Hats became TikTok influencers, with one video garnering over 3 million views. (Foam Party Hats Shark Tank Update

The company gets an update segment in the Shark Tank Season 14 Episode 16. (Foam Party Hats Shark Tank Update

Foam Party Hats now uses foampartyhats.com as its customer-facing site. (Foam Party Hats website

Sources

Sources used for this page: Shark Tank API pitches