Create a Castle Shark Tank Update

Create a Castle Shark Tank Pitch

Kevin Lane and Lori Lane appeared on Shark Tank Season 14, Episode 3, which aired on October 7, 2022, with A better way to make snow and sand castles. A new twist on the old plastic pail and shovel. The buckets fill from teh top and have molded brick designs embedded in them..

Create a Castle is listed in the Media Entertainment category. In plain terms, the business is described as A better way to make snow and sand castles. A new twist on the old plastic pail and shovel. The buckets fill from teh top and have molded brick designs embedded in them..

Create a Castle asked the Sharks for $350,000 for 10%, implying a valuation of about $3.5 million.

On the show, Create a Castle made a listed deal for $350,000 for 20%.

If treated as straight equity, the listed deal works out to about $1.8 million implied valuation, down from the original $3.5 million implied valuation.

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

Create a Castle After Shark Tank

Create a Castle accepted Kendra Scott's on-air offer, although later Shark Tank Blog coverage said the deal had not clearly closed by the first rerun. The retail story after the episode was strong either way. (Create a Castle Shark Tank Update

After appearing, Create a Castle put products into Walmart, Target, Barnes & Noble, Dick's Sporting Goods, Fat Brain Toys, beach shops, and independent toy stores. Revenue after the episode was just under $2 million by the 2023 update. (Create a Castle Shark Tank Update

By July 2024, Create a Castle had added a tabletop castle set with indoor sand, reached some Australian stores, and projected 2024 revenue above $4 million. (Create a Castle Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches