Pizza Pack Shark Tank Update

Pizza Pack Shark Tank Pitch

Tate Koenig appeared on Shark Tank Season 14, Episode 1, which aired on September 23, 2022, with The Pizza Pack will revolutionize the way you think of left over pizza! No more soggy, or dried out pizza. The Pizza Pack is air tight and microwavable, put the entire thing in the microwave to reheat all the slices at once!.

Pizza Pack is listed in the Lifestyle Home category. In plain terms, the business is described as The Pizza Pack will revolutionize the way you think of left over pizza! No more soggy, or dried out pizza. The Pizza Pack is air tight and microwavable, put the entire thing in the microwave to reheat all the slices at once!.

Pizza Pack asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Pizza Pack made a listed deal with Lori Greiner for $100,000 for 15%.

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.

Pizza Pack After Shark Tank

Pizza Pack accepted Lori Greiner's on-air offer, but Shark Tank Blog later said the deal never closed. The airing still created immediate demand for Tate Koenig's collapsible leftover-pizza container. (Pizza Pack Shark Tank Update

After the episode aired, Pizza Pack sold out and shifted into preorders. Later recap coverage says the brand expanded through Amazon and Walmart and sold roughly 22,000 units soon after the episode. (Pizza Pack Shark Tank Update

Pizza Pack remains active through its own storefront, with the product positioned as a compact, microwave-safe alternative to keeping leftover slices in bulky pizza boxes. (Pizza Pack website

Sources

Sources used for this page: Shark Tank API pitches