Unshrinkit Shark Tank Update

Unshrinkit Shark Tank Pitch

Nate Barbera and Desiree Davis Stolar appeared on Shark Tank Season 7, Episode 8, which aired on November 12, 2015, with Liquid solution that saves shrunken sweaters.

Unshrinkit is listed in the Lifestyle Home category. In plain terms, the business is described as Liquid solution that saves shrunken sweaters.

Unshrinkit asked the Sharks for $150,000 for 10%, implying a valuation of about $1.5 million.

On the show, Unshrinkit made a listed deal with Mark Cuban for $150,000 for 15%.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, down from the original $1.5 million implied valuation.

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

Unshrinkit After Shark Tank

Unshrinkit accepted an on-air Shark Tank deal for $150,000 for 15%. The on-air deal did not close. The company was acquired by an "aggregator-operator group" in 2019 for an undisclosed amount in 2019. (UnShrinkIt Shark Tank Update

Unshrinkit reported annual revenue of $2 million. (UnShrinkIt Shark Tank Update

Barbera left the company in February, 2016 to go to work for McKinsey & Company. (UnShrinkIt Shark Tank Update

The company was acquired by an "aggregator-operator group" in 2019 for an undisclosed amount. (UnShrinkIt Shark Tank Update

Stollar is now an Executive Vice President of Hill+Knowlton Strategies. (UnShrinkIt Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches