R. Riveter Shark Tank Update

R. Riveter Shark Tank Pitch

Lisa Bradley and Cameron Cruse appeared on Shark Tank Season 7, Episode 16, which aired on February 4, 2016, with handbags crafted by military spouses.

R. Riveter is listed in the Accessories Gadgets category. In plain terms, the business is described as handbags crafted by military spouses.

R. Riveter asked the Sharks for $100,000 for 20%, implying a valuation of about $500,000.

On the show, R. Riveter made a listed deal with Mark Cuban for $100,000 for 20%.

If treated as straight equity, the listed deal works out to about $500,000 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.

R. Riveter After Shark Tank

R. Riveter accepted an on-air Shark Tank deal for $100,000 for 20%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (R Riveter Shark Tank Update

R. Riveter reported annual revenue of $2 million as of July, 2024. (R Riveter Shark Tank Update

The company now sell on Amazon, too. (R Riveter Shark Tank Update

The company added five more machines, and plan to order 5 more in the near future in an effort to step up production to meet the post Shark Tank demand. (R Riveter Shark Tank Update

The deal did go through, and R Riveter has an update segment in season 8, episode 816. (R Riveter Shark Tank Update

The official website for R. Riveter is listed as www.rriveter.com. (R. Riveter website

Sources

Sources used for this page: Shark Tank API pitches