Pipsnacks Shark Tank Update

Pipsnacks Shark Tank Pitch

Jeff Martin and Jennifer Martin appeared on Shark Tank Season 6, Episode 9, which aired on November 13, 2014, with heirloom mini popcorn snacks.

Pipsnacks is listed in the Food Beverage category. In plain terms, the business is described as heirloom mini popcorn snacks.

Pipsnacks asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Pipsnacks made a listed deal with Barbara Corcoran for $200,000 for 10%.

If treated as straight equity, the listed deal works out to about $2 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.

Pipsnacks After Shark Tank

Pipsnacks accepted an on-air Shark Tank deal for $200,000 for 10%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (PipSnacks Shark Tank Update

Pipsnacks reported sales of $200K. The company also moved into Kroger, adding to their list of stores that include Whole Foods Market, Sprouts Farmers Market, The Fresh Market, Central Market, Winn Dixie, Target, Sam's Club, Amazon and more,. Pipsnacks got an update segment in episode 621 - just a few months after their original appearance. (PipSnacks Shark Tank Update

The official website for Pipsnacks is listed as www.pipsnacks.com. (Pipsnacks website

Sources

Sources used for this page: Shark Tank API pitches