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

Chalkless accepted an on-air deal for $400,000 for 4% equity, plus a royalty of $2. Chalkless remained active after the episode. (Chalkless - Shark Tank Season 16

Kevin O'Leary showed more interest in the sales figures, and James revealed that Chalkless had generated a total of $740,000 in sales in 2024. (Chalkless - Shark Tank Season 16

While the long-term status of the deal with Kevin O’Leary and Rashaun Williams has not been publicly confirmed, Chalkless continues to market and sell its products through its official website and online channels. (Chalkless - Shark Tank Season 16

Chalkless for more updates from Shark Tank Season 16 Episode 5, be sure to check the links below: Chomp Shop Update Creator Camp Update Y'all Sweet Tea Update. (Chalkless - Shark Tank Season 16

Since its Shark Tank appearance, Chalkless has continued expanding its presence across the sports and fitness world. (Chalkless - Shark Tank Season 16

Sources

Sources used for this page: sharktankblog.com