Shark Tank Update
Shark Tank Pitch
Mod Mom Furniture Shark Tank Update
Published:
2m
Los Angeles, CA
| Name | Mod Mom Furniture |
|---|---|
| Main Presenters | Kiersten Hathcock |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 4/1/2011 |
| Main Location | Los Angeles, CA Loading Map |
| Order Shown in Episode | 1 |
| Final Deal | Deal was made on the show with sharks Robert Herjavec for $90k for 33% of Company with royalty to Robert after $500k in sales, but it fell through after the show. |
Mod Mom Furniture Shark Tank Pitch
Kiersten Hathcock was a stay-at-home mom when she decided she would solve the problem of creating a toybox that fit their modern style and was fun to use.
Kiersten taught herself carpentry in her quest, and her one toybox turned into a side business. Kiersten is exhausted from spending every day making these boxes herself trying to meet demand.
She can handle making three toy boxes a week. To scale, Kiersten has an Amish supplier in her home state of Ohio that can make up to 1000 toyboxes a week if needed.
Last year Kiersten made $34k profit. Robert and Kevin love her story and give similar offers, and Kiersten chooses Robert.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $90k for 25% of Company | |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Kevin Harrington | Out |
| Sharks | Offered | Kevin O'Leary | $90k for 33% of Company with 7.5% royalty to Kevin until paid back |
| Sharks | Deal Never Closed | Robert Herjavec | $90k for 33% of Company with royalty to Robert after $500k in sales |
Kevin Harrington
Out
Daymond John
Out
Kevin O'Leary
Offered
Barbara Corcoran
Out
Robert Herjavec
Deal Never Closed
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Mod Mom Furniture After Shark Tank
According to Shark Tank Blog https://www.sharktankblog.com/business/mod-mom-furniture, the deal did not go through. Kiersten persevered and was able to get $30k from friends and family, which allowed Mod Mom Furniture to continue growing slowly. Link Preview
Shark Tank Blog
After the episode aired, Kiersten closed a better deal with a new investor. For two months, Mod Mom Furniture partnered with Stanley Furniture, allowing international toybox sales.
From 2014 to 2018, Kierston split from her husband and put the business on hold. Ultimately she rejoined her husband and resumed business.
This time around, Kiersten licensed her toy boxes with Little Colorado, where you can find her toy boxes for sale in 2022. Mod Mom Furniture's website, modmomfurniture.com https://www.modmomfurniture.com, has more info on Kiersten, such as her book, public speaking, and links to her products.Link Preview
modmomfurniture.com
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