Lumio Shark Tank Update

Lumio Shark Tank Pitch

Max Gunawan appeared on Shark Tank Season 6, Episode 15, which aired on January 15, 2015, with multi-functional modern lamp that unfolds from a book.

Lumio is listed in the Lifestyle Home category. In plain terms, the business is described as multi-functional modern lamp that unfolds from a book.

Lumio asked the Sharks for $250,000 for 8%, implying a valuation of about $3.1 million.

On the show, Lumio made a listed deal with Robert Herjavec for $350,000 for 10%.

If treated as straight equity, the listed deal works out to about $3.5 million implied valuation, up from the original $3.1 million implied valuation.

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

Lumio After Shark Tank

Sources