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

Sources