Melni Connectors Shark Tank Update

Melni Connectors Shark Tank Pitch

Byron Dunn, Mark Melni, and Armand Eckert appeared on Shark Tank Season 6, Episode 25, which aired on April 17, 2015, with innovative, quick install, electrical connectors.

Melni Connectors is listed in the Accessories Gadgets category. In plain terms, the business is described as innovative, quick install, electrical connectors.

Melni Connectors asked the Sharks for $500,000 for 5%, implying a valuation of about $10 million.

On the show, Melni Connectors made a listed deal with Mark Cuban for $500,000 for 5% + option for $1M at a $15M valuation.

If treated as straight equity, the listed deal works out to about $10 million implied valuation, roughly the same implied valuation as the ask.

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

Melni Connectors After Shark Tank

Melni Connectors accepted an on-air Shark Tank deal for $500,000 for 5% + option for $1M at a $15M valuation. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (Melni Connectors Shark Tank Update

Mark Cuban invested an additional $1 million and a large electrical supplies distributor invested as well. (Melni Connectors Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches