The Duo Shark Tank Update

The Duo Shark Tank Pitch

The Duo appeared on Shark Tank Season 15, Episode 11, which aired on January 19, 2024, with Shareable Umbrella.

The Duo is listed in the Consumer Products category. In plain terms, the business is described as Shareable Umbrella.

The Duo asked the Sharks for $100,000 for 10% equity, implying a valuation of about $1 million.

On the show, The Duo made a listed deal for $100,000 for 18% equity.

If treated as straight equity, the listed deal works out to about $555,555.556 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.

The Duo After Shark Tank

The Duo accepted an on-air deal for $100,000 for 18% equity. After filming, that deal closed. (The Duo Shark Tank Update - Shark Tank Season 15

The Duo planned to ship orders in the third quarter of 2024. (The Duo Shark Tank Update - Shark Tank Season 15

ShedRain owns 49% of The Duo and worked with Nathaniel between 2022 and 2024 to produce 4 - 5 prototypes before finalizing the version launched after the show. (The Duo Shark Tank Update - Shark Tank Season 15

The Duo apparently, the deal with Robert closed. (The Duo Shark Tank Update - Shark Tank Season 15

In addition, The Duo announced a scholarship partnership with Invention Convention Worldwide, with funding tied to umbrella sales. (The Duo Shark Tank Update - Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com