MagicCook Shark Tank Update

MagicCook Shark Tank Pitch

Sharon Yu appeared on Shark Tank Season 6, Episode 10, which aired on November 20, 2014, with portable cooking containers and bottles.

MagicCook is listed in the Lifestyle Home category. In plain terms, the business is described as portable cooking containers and bottles.

MagicCook asked the Sharks for $100,000 for 20%, implying a valuation of about $500,000.

On the show, MagicCook made a listed deal with Daymond John for $100,000 for 33%.

If treated as straight equity, the listed deal works out to about $303,030.303 implied valuation, down from the original $500,000 implied valuation.

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

MagicCook After Shark Tank

MagicCook accepted an on-air Shark Tank deal for $100,000 for 33%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (Magic Cook Shark Tank Update

MagicCook reported annual revenue of $3 million as of August, 2021. In 2016, Daymond went on HSN to pitch the products and they sold out in 5 minutes, and Sharon introduced some new products on her site. (Magic Cook Shark Tank Update

The official website for MagicCook is listed as www.magiccook.net. (MagicCook website

Sources

Sources used for this page: Shark Tank API pitches