Chalkless Shark Tank Update

Chalkless Shark Tank Pitch

Chalkless appeared on Shark Tank Season 16, Episode 5, which aired on November 15, 2024, with Chalkless Category Details Business Name Chalkless Founder Greg Pope and James Pidhurney Industry Sports Product Grip Enhancer Funding (Pre-Shark Tank) Self-funded Investment Asked $400K for 4% equity Deal Status Deal secured with Kevin O’Leary and Rashaun Williams Deal Outcome $400,000 for 4% equity, plus a royalty of $2.50 per unit sold until $4 million is repaid, after which the royalty drops to $0.25 per unit in perpetuity Valuation $10 million Chalkless is a powder-like compound made from a unique but well-tested, non-toxic, and environmentally friendly material..

Chalkless is listed in the Pet Products category. In plain terms, the business is described as Chalkless Category Details Business Name Chalkless Founder Greg Pope and James Pidhurney Industry Sports Product Grip Enhancer Funding (Pre-Shark Tank) Self-funded Investment Asked $400K for 4% equity Deal Status Deal secured with Kevin O’Leary and Rashaun Williams Deal Outcome $400,000 for 4% equity, plus a royalty of $2.50 per unit sold until $4 million is repaid, after which the royalty drops to $0.25 per unit in perpetuity Valuation $10 million Chalkless is a powder-like compound made from a unique but well-tested, non-toxic, and environmentally friendly material..

Chalkless asked the Sharks for $400,000 for 4% equity, implying a valuation of about $10 million.

On the show, Chalkless made a listed deal for $400,000 for 4% equity, plus a royalty of $2.

If treated as straight equity, the listed deal works out to about $10 million implied valuation, roughly the same implied valuation as the ask.

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

Chalkless After Shark Tank

Sources