Insta Fire Shark Tank Update

Insta Fire Shark Tank Pitch

Konel Banner and Frank Weston appeared on Shark Tank Season 7, Episode 19, which aired on February 20, 2016, with water-repellent, instant fire-starter.

Insta Fire is listed in the Fitness Outdoors category. In plain terms, the business is described as water-repellent, instant fire-starter.

Insta Fire asked the Sharks for $300,000 for 10%, implying a valuation of about $3 million.

On the show, Insta Fire made a listed deal with Mark Cuban and Lori Greiner for $300,000 for 30%.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, down from the original $3 million implied valuation.

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

Insta Fire After Shark Tank

Sources