Shark Tank Pitch

The Original Runner Company Shark Tank Update

Published:

2m

The Original Runner Company Shark Tank Update


Pitch Overview
NameThe Original Runner Company
Main PresentersJulie Goldman
Presenter Image
The Original Runner Company Entrepreneurs: Julie Goldman
Product Image
The Original Runner Company Product Image
Last Known in Business9/1/2022
Main Location

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Order Shown in Episode3
Final DealOffer made from sharks

The Original Runner Company Shark Tank Pitch

Julie Goldman, a.k.a. "The aisle Guru," found that common, paper wedding aisle runners easily tare, so she created a premium non-slip aisle runner company called The Original Runner Company. She also offers customizations through her studio.

Julie presents to the sharks her new product, a more affordable, plain white aisle runner she plans to have in wedding-related stores across the country. Alongside, she has created a kit to allow people to customize the aisle runners on their own.

Two years ago The Original Runner Company did $800k in revenue, last year, during the recession, $550k in revenue, and next year project $650k.

The sharks recommended Julie stay away from the low margin, budget aisle runners and stick with what's working. Kevin made an offer for 51% to have the control to keep Julie away from the "toilet bowl" weddings. Julie doesn't seem like she lets her employees control what soap goes in the bathroom, let alone let someone else control her entire company.


Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$250k for 15% of Company
SharksOutBarbara CorcoranOut
SharksOutMark CubanOut
SharksOutRobert HerjavecOut
SharksOutDaymond JohnOut
SharksOfferedKevin O'Leary$250k for 51% of Company

Mark Cuban
Mark Cuban

Mark Cuban

Out

Daymond John
Daymond John

Daymond John

Out

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Offered

Barbara Corcoran
Barbara Corcoran

Barbara Corcoran

Out

Robert Herjavec
Robert Herjavec

Robert Herjavec

Out


Updates in Shark Tank Episodes

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The Original Runner Company After Shark Tank

The Original Runner Company got an update on season 1, episode 9 of Beyond The Tank. Julie pursues her retail vision but ultimately came to the sharks' conclusion that there was no money to be made.

Barbara wished she had sided with Julie more during her pitch and spoke up on behalf of Julie. When Barbara visited Julie, Julie was doing $1 million in annual revenue. Barbara thought Julia needed help in marketing and growing her business.

Barbara offered to provide Julia with the help she needed to grow, and if Barbara could double the revenue for two straight years, Barbara would get 25% of the company. Julie accepts.

According to Shark Tank Blog

Link Preview

Shark Tank Blog

https://www.sharktankblog.com/business/original-runner-company

, in 2020 The Original Runner company was doing $6 million in annual revenue and Julia sold the company to Inside Weddings

Link Preview

Inside Weddings

https://www.insideweddings.com/biz/the-original-runner-company-new-york-worldwide/41043

, likely influenced by the covid panic and its affect on business.

According to her LinkedIn

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LinkedIn

https://www.linkedin.com/in/drjuliegoldman

, in 2022 Julia is working at a virtual reality school called Edstutia, teaching entrepreneurship. Far out.

Wedding runners can still be purchased at originalrunners.com

Link Preview

originalrunners.com

https://originalrunners.com

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