Doc Spartan Shark Tank Update

Doc Spartan Shark Tank Pitch

Dale King and Renee Wallace appeared on Shark Tank Season 8, Episode 16, which aired on February 9, 2017, with natural products for skin and beard.

Doc Spartan is listed in the Cosmetics Beauty category. In plain terms, the business is described as natural products for skin and beard.

Doc Spartan asked the Sharks for $75,000 for 15%, implying a valuation of about $500,000.

On the show, Doc Spartan made a listed deal with Robert Herjavec for $75,000 for 25%.

If treated as straight equity, the listed deal works out to about $300,000 implied valuation, down from the original $500,000 implied valuation.

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

Doc Spartan After Shark Tank

Doc Spartan accepted an on-air Shark Tank deal for $75,000 for 25%. The on-air deal closed. The company is still in business. (Doc Spartan Shark Tank Update

Doc Spartan reported annual revenue of $4 million. (Doc Spartan Shark Tank Update

With Robert's help, they are working on getting their products into PX stores on military bases. (Doc Spartan Shark Tank Update

They get an update segment in season 12, episode 1214 where they reveal their commitment to employing people in recovery from drug addiction. (Doc Spartan Shark Tank Update

The official website for Doc Spartan is listed as docspartan.com. (Doc Spartan website

Sources

Sources used for this page: Shark Tank API pitches