PiperWai Shark Tank Update

PiperWai Shark Tank Pitch

Jess Edlestein and Sarah Ribner appeared on Shark Tank Season 7, Episode 11, which aired on December 10, 2015, with Charcoal-based all-natural deodorant.

PiperWai is listed in the Health SelfCare category. In plain terms, the business is described as Charcoal-based all-natural deodorant.

PiperWai asked the Sharks for $50,000 for 10%, implying a valuation of about $500,000.

On the show, PiperWai made a listed deal with Barbara Corcoran for $50,000 for 25%.

If treated as straight equity, the listed deal works out to about $200,000 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.

PiperWai After Shark Tank

Sources