The Elephant Pants Shark Tank Update

The Elephant Pants Shark Tank Pitch

Nathan Coleman and James Brooks appeared on Shark Tank Season 8, Episode 18, which aired on February 23, 2017, with pants on an elephant-saving mission.

The Elephant Pants is listed in the Clothing Fashion category. In plain terms, the business is described as pants on an elephant-saving mission.

The Elephant Pants asked the Sharks for $500,000 for 10%, implying a valuation of about $5 million.

On the show, The Elephant Pants made a listed deal with Daymond John for $500,000 for 15% + 2.5% in advisory shares.

If treated as straight equity, the listed deal works out to about $3.3 million implied valuation, down from the original $5 million implied valuation.

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

The Elephant Pants After Shark Tank

The Elephant Pants accepted an on-air Shark Tank deal for $500,000 for 15% + 2.5% in advisory shares. The business is now listed as out of business, with the closure tied to July 2021. (Elephant Pants Shark Tank Update

Their Customers feedback since then: https://www.facebook.com/TheElephantPants/photos/a.293700537503718/1055864697953961/ The New Owners The new owners made a shitty site and have stolen our images. (Elephant Pants Shark Tank Update

Products from The Elephant Pants are no longer available on Amazon, either. (Elephant Pants Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches