Earth Log Shark Tank Update

Earth Log Shark Tank Pitch

Tom Sanetti appeared on Shark Tank Season 6, Episode 10, which aired on November 20, 2014, with eco-friendly scented fire log made of recycled paper and wax.

Earth Log is listed in the Fitness Outdoors category. In plain terms, the business is described as eco-friendly scented fire log made of recycled paper and wax.

Earth Log asked the Sharks for $160,000 for 20%, implying a valuation of about $800,000.

On the show, Earth Log made a listed deal with Lori Greiner for $160,000 for 35%.

If treated as straight equity, the listed deal works out to about $457,142.857 implied valuation, down from the original $800,000 implied valuation.

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

Earth Log After Shark Tank

Earth Log accepted an on-air Shark Tank deal for $160,000 for 35%. The on-air deal did not close. The business is now listed as out of business, with the closure tied to 2018. (EarthLog Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches