Wendy's Gnome Shop Shark Tank Update

Wendy's Gnome Shop Shark Tank Pitch

Wendy Hoffmeister appeared on Shark Tank Season 13, Episode 8, which aired on December 9, 2021, with Decorative gnomes for the holidays.

Wendy's Gnome Shop is listed in the Other category. In plain terms, the business is described as Decorative gnomes for the holidays.

Wendy's Gnome Shop asked the Sharks for $200,000 for 20%, implying a valuation of about $1 million.

On the show, Wendy's Gnome Shop made a listed deal with Daymond John for $200,000 for 30%.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $1 million implied valuation.

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

Wendy's Gnome Shop After Shark Tank

Wendy's Gnome Shop accepted Daymond John's on-air offer, giving the handmade gnome business a path to expand production. (Wendy's Gnome Shop Shark Tank Update

Follow-up coverage said Wendy Dikin was considering a new production space, which fit the main bottleneck for a craft-heavy seasonal product. (Wendy's Gnome Shop Shark Tank Update

By December 2022, Wendy's Gnome Shop had added a gnome-of-the-month club, a natural recurring-revenue idea for a collectible decoration brand. (Wendy's Gnome Shop Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches