OotBox Shark Tank Update

OotBox Shark Tank Pitch

Robbie Friedman and Allison Zofan appeared on Shark Tank Season 13, Episode 16, which aired on March 18, 2022, with modular box for extra space made from upcycled shipping containers.

OotBox is listed in the Other category. In plain terms, the business is described as modular box for extra space made from upcycled shipping containers.

OotBox asked the Sharks for $300,000 for 5%, implying a valuation of about $6 million.

On the show, OotBox made a listed deal with Barbara Corcoran for $300,000 for 10%.

If treated as straight equity, the listed deal works out to about $3 million implied valuation, down from the original $6 million implied valuation.

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

OotBox After Shark Tank

OotBox accepted an on-air offer for its portable office units, then kept developing the business around flexible workspaces. (OotBox Shark Tank Update – Are Tiny Offices the Future?

By May 2024, follow-up coverage put OotBox around $2 million in annual revenue. (OotBox Shark Tank Update – Are Tiny Offices the Future?

OotBox was also developing a flat-pack office concept, which would make the product easier to ship and potentially sell through Amazon. (OotBox Shark Tank Update – Are Tiny Offices the Future?

Sources

Sources used for this page: Shark Tank API pitches