Shark Tank Update
Shark Tank Pitch
Tippy Toes Shark Tank Update
Published:
2m
| Name | Tippy Toes |
|---|---|
| Main Presenters | Sarah Nuse and Megan Reilly |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 9/1/2022 |
| Main Location | Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | Deal was made on the show with sharks Mark Cuban for $100k for 30% of Company, but it fell through after the show. |
Tippy Toes Shark Tank Pitch
1 in 5 children in America are obese and 80% of elementary schools have cut recess.
You know how companies that harm the environment buy carbon offsets from companies that help the environment. Perhaps candy companies should be paying exercise companies fat offsets to help subsidize them.
On second thought, Sarah Nuse and Megan Reilly are killing it without any subsidy toward their fun exercise program for kids called Tippi Toes.
They have sold seven franchises for $30k, but the kicker is their loaning business to the franchise, so they collect additional interest and minimum monthly royalty fees.
Last year Tippi Toes did $268k in revenue with a $29k profit.
These guys are like extortionists with tutus on.
Sarah and Megan want to create a DVD and be the next Barney—without sexually assaulting children, I'm assuming, but I don't want to put words into the mouth. The sharks feel the DVD could expand the company too fast and be risky.
Barbara is playing checkers while Mark Cuban is playing chess and closes his first ever Shark Tank deal with some slick tricks.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $30k for 5% of Company | |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Offered | Kevin O'Leary | $50k for 51% of Company |
| Sharks | Offered | Barbara Corcoran | $60k for 20% of Company |
| Company | Deal Never Closed | Mark Cuban | $100k for 30% of Company |
Mark Cuban
Deal Never Closed
Daymond John
Out
Kevin O'Leary
Offered
Barbara Corcoran
Offered
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Tippy Toes After Shark Tank
The deal with Mark Cuban fell through but Tippi Toes is still going strong in 2022 and can be found at their website, tippitoesdance.com https://www.tippitoesdance.com.Link Preview
tippitoesdance.com
During covid, they offered virtual classes.
Their CDs have hit the top charts on iTunes and worldwide, and they have also expanded to sell pink ballet shoes.
Sarah Nuse is still the CEO of Tippi toes along with many other ventures such as authoring a book Destined For Greatness, speaking, running a podcast, and—I can't keep up, so go to her website, sarahnuse.com https://www.sarahnuse.com, for more.Link Preview
sarahnuse.com
In 2022 Megan Reilly is the COO of Tippi Toes and runs a podcast for moms, female entrepreneurs, and has "pronouns" on her LinkedIn https://www.linkedin.com/in/meganlreilly-tippitoes.Link Preview
LinkedIn
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