Shark Tank Pitch

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Brightwheel Shark Tank Update

2m

Software Tech

Pitch Overview
NameBrightwheel
Main PresentersDave Vasen
Order Shown in Episode4
Final DealDeal was made on the show with sharks Mark Cuban for $600,000 for 6.67%.

Brightwheel Shark Tank Pitch

Dave Vasen appeared on Shark Tank Season 7, Episode 26, which aired on April 29, 2016, with Childcare management app.

Brightwheel is listed in the Software Tech category. In plain terms, the business is described as Childcare management app.

Brightwheel asked the Sharks for $400,000 for 40%, implying a valuation of about $1 million.

On the show, Brightwheel made a listed deal with Mark Cuban for $600,000 for 6.67%.

If treated as straight equity, the listed deal works out to about $9.0 million implied valuation, up from the original $1 million implied valuation.

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

Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$400,000 for 40%
SharksDealMark Cuban$600,000 for 6.67%

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

Brightwheel After Shark Tank

Brightwheel accepted an on-air Shark Tank deal for $600,000 for 6.67%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (BrightWheel Shark Tank Update ).
Cuban and Sacca invested an additional $10 million into the business in 2017. (BrightWheel Shark Tank Update ).
In a later interview, Sacca mentioned that he joined the Tank at Mark's request, seizing the opportunity to "bust his balls on national television." The Sharks' friendship has served Brightwheel well, launching the app in even more schools nationwide. (BrightWheel Shark Tank Update ).
They raised even more money after the show. (BrightWheel Shark Tank Update ).
The company also introduced a paid premium service that enables two way messaging in the app, let's parents sign in from their own phone and adds document management for schools. (BrightWheel Shark Tank Update ).
The official website for Brightwheel is listed as mybrightwheel.com. (Brightwheel website ).

Sources

Sources used for this page: Shark Tank API pitches , Shark Tank API episodes , sharktankblog.com , mybrightwheel.com .

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