LavaBox Shark Tank Update

LavaBox Shark Tank Pitch

Josh Thurmond appeared on Shark Tank Season 14, Episode 18, which aired on March 31, 2023, with LavaBox is a patent pending, award-winning propane campfire inside a new, authentic military ammo can. No smoke. No embers. No wood to collect. Tons of fire. Passes Fire Restrictions..

LavaBox is listed in the Fitness Outdoors category. In plain terms, the business is described as LavaBox is a patent pending, award-winning propane campfire inside a new, authentic military ammo can. No smoke. No embers. No wood to collect. Tons of fire. Passes Fire Restrictions..

LavaBox asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, LavaBox made a listed deal with Lori Greiner for $200,000 for 12.5%.

If treated as straight equity, the listed deal works out to about $1.6 million implied valuation, down from the original $2 million implied valuation.

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

LavaBox After Shark Tank

LavaBox accepted Lori Greiner's on-air offer, but later updates say Josh Thurmond decided not to proceed with the deal. (Lavabox Shark Tank Update

The portable propane campfire business still grew after the show: later recap coverage put 2022 annual revenue around $1.2 million, while other coverage placed gross revenue near $1 million and tracking higher for 2023. (Shark Tank Lavabox Update | Season 14

LavaBox also reached 21 independent camping and sporting-goods stores, and the current Fire Anytime storefront continues selling portable campfire kits and accessories. (Lavabox Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches