The Hype Company Shark Tank Update

The Hype Company Shark Tank Pitch

Cheng Kue and Marc Herzberger appeared on Shark Tank Season 15, Episode 21, which aired on April 19, 2024, with Custom slides.

The Hype Company is listed in the Consumer Products category. In plain terms, the business is described as Custom slides.

The Hype Company asked the Sharks for $125,000 for 5% equity, implying a valuation of about $2.5 million.

On the show, The Hype Company made a listed deal for $100,000 as cash, $250,000 as a line of credit, for 25% equity.

If treated as straight equity, the listed deal works out to about $400,000 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.

The Hype Company After Shark Tank

The Hype Company accepted an on-air deal for $100,000 as cash, $250,000 as a line of credit, for 25% equity. After filming, that deal closed. (The Hype Company Shark Tank Update – Shark Tank Season 15

As of the first re-run of this episode in July, 2024 - about 2 months after the original air date - there is no evidence the deal with Barbara closed. (The Hype Company Shark Tank Update – Shark Tank Season 15

The Hype Company further, in August 2024, the University of Colorado Boulder’s Deming Center for Entrepreneurship profiled CEO Marc Herzberger for leading a major rebrand after Shark Tank. (The Hype Company Shark Tank Update – Shark Tank Season 15

In May, 2024, about a month after The Hype Company's initial air date, The Hype Company announced a partnership with SnugZ USA, an advertising specialties company that sells customized products for corporate gifts. (The Hype Company Shark Tank Update – Shark Tank Season 15

First, in May 2024, The Hype Company announced a partnership with SnugZ USA. (The Hype Company Shark Tank Update – Shark Tank Season 15

Sources

Sources used for this page: sharktankblog.com