Slick Barrier Shark Tank Update

Slick Barrier Shark Tank Pitch

Aaron Gonzalez and Tony Gonzalez appeared on Shark Tank Season 14, Episode 13, which aired on January 27, 2023, with Slick Barrier is a patented and patent-pending system that protects homes and businesses from pests through the use of specialty clear coatings and films applied to the foundation or a few inches off the ground around the exterior walls, preventing pests from climbing and entering the building..

Slick Barrier is listed in the Lifestyle Home category. In plain terms, the business is described as Slick Barrier is a patented and patent-pending system that protects homes and businesses from pests through the use of specialty clear coatings and films applied to the foundation or a few inches off the ground around the exterior walls, preventing pests from climbing and entering the building..

Slick Barrier asked the Sharks for $500,000 for 10%, implying a valuation of about $5 million.

On the show, Slick Barrier made a listed deal with Lori Greiner for $500,000 for 15%.

If treated as straight equity, the listed deal works out to about $3.3 million implied valuation, down from the original $5 million implied valuation.

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

Slick Barrier After Shark Tank

Slick Barrier accepted an on-air Shark Tank deal for $500,000 for 15%, and later update coverage says the deal closed. (Slick Barrier Shark Tank Update

By July, 2024, Slick Barrier had reached about $1 million in lifetime sales. (Slick Barrier Shark Tank Update

The company are launching in Las Vegas in June as well in some stores and with some professional installers. (Slick Barrier Shark Tank Update

Slick Barrier remains active online through www.slickbarrier.com, where customers can find the current product line. (Slick Barrier website

Sources

Sources used for this page: Shark Tank API pitches