Sarah Oliver Handbags Shark Tank Update

Sarah Oliver Handbags Shark Tank Pitch

Sarah Oliver appeared on Shark Tank Season 7, Episode 10, which aired on December 3, 2015, with community-made handbags knitted by senior citizens.

Sarah Oliver Handbags is listed in the Other category. In plain terms, the business is described as community-made handbags knitted by senior citizens.

Sarah Oliver Handbags asked the Sharks for $250,000 for 20%, implying a valuation of about $1.3 million.

On the show, Sarah Oliver Handbags made a listed deal with Robert Herjavec, Lori Greiner, and Kevin O'Leary for $250,000 for 30%.

If treated as straight equity, the listed deal works out to about $833,333.333 implied valuation, down from the original $1.3 million implied valuation.

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

Sarah Oliver Handbags After Shark Tank

Sarah Oliver Handbags accepted an on-air Shark Tank deal for $250,000 for 30%. Follow-up reporting lists the post-show status as out of business. (Sarah Oliver Handbags Shark Tank Update

On show night, the story of the Purlettes resounded so well with the public, the website crashed due to massive traffic. (Sarah Oliver Handbags Shark Tank Update

Sarah is well on her way and we will continue to follow her progress. (Sarah Oliver Handbags Shark Tank Update

Sadly, in April 2017 Sarah closed up shop. (Sarah Oliver Handbags Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches