Let Them Eat Candles Shark Tank Update

Let Them Eat Candles Shark Tank Pitch

Loree Sandler and Bob Michelson appeared on Shark Tank Season 15, Episode 17, which aired on March 8, 2024, with Edible birthday candles.

Let Them Eat Candles is listed in the Food Beverage category. In plain terms, the business is described as Edible birthday candles.

Let Them Eat Candles asked the Sharks for $250,000 for 10% equity, implying a valuation of about $2.5 million.

On the show, Let Them Eat Candles made a listed deal for $250,000 for 18% equity.

If treated as straight equity, the listed deal works out to about $1.4 million implied valuation, down from the original $2.5 million implied valuation.

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

Let Them Eat Candles After Shark Tank

Let Them Eat Candles accepted an on-air deal for $250,000 for 18% equity. After filming, that deal closed. (Let Them Eat Candles Shark Tank Update – Shark Tank Season 15

As of the first re-run of this episode in June 2024, just 3 months after the original air date, there is no hard evidence that the deal with Lori closed. (Let Them Eat Candles Shark Tank Update – Shark Tank Season 15

As of March 2024, the net worth of Let Them Eat Candles is $1.38 million. (Let Them Eat Candles Shark Tank Update – Shark Tank Season 15

In the months following the show, Let Them Eat Candles expanded into several major retail stores across the U.S. (Let Them Eat Candles Shark Tank Update – Shark Tank Season 15

After the episode aired in March 2024, Let Them Eat Candles saw a noticeable boost in visibility. (Let Them Eat Candles Shark Tank Update – Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com