CreaProducts Shark Tank Update

CreaProducts Shark Tank Pitch

Mai Lieu appeared on Shark Tank Season 7, Episode 27, which aired on May 6, 2016, with self-hair cutting tool for a straight cut.

CreaProducts is listed in the Accessories Gadgets category. In plain terms, the business is described as self-hair cutting tool for a straight cut.

CreaProducts asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, CreaProducts made a listed deal with Lori Greiner for $200,000 for 22.5%.

If treated as straight equity, the listed deal works out to about $888,888.889 implied valuation, down from the original $2 million implied valuation.

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

CreaProducts After Shark Tank

CreaProducts accepted an on-air Shark Tank deal for $200,000 for 22.5%. The on-air deal did not close. Follow-up reporting lists the company as in business. (CreaProducts Shark Tank Update

CreaProducts reported annual revenue of $3 million as of June 2022. (CreaProducts Shark Tank Update

Mai was featured as the model of Honokaa in a 2017 calendar, and visited Canada in August 2016 on a speaking tour. (CreaProducts Shark Tank Update

Mai continues to build her business and her online presence. (CreaProducts Shark Tank Update

Her self-help hair-cutting and makeup application products are making her dreams of supporting her parents come true. (CreaProducts Shark Tank Update

The official website for CreaProducts is listed as creaproducts.com. (CreaProducts website

Sources

Sources used for this page: Shark Tank API pitches