Seasons 6+ pages were generated with help from AI. Seasons 1-5 were researched and written by hand.
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| Name | Rareform |
|---|---|
| Main Presenters | Alec Avedissian, Aric Avedissian |
| Order Shown in Episode | 4 |
| Final Deal | Deal was made on the show with sharks Kevin O'Leary for $300,000 loan at 8% for 10% equity. |
Alec Avedissian and Aric Avedissian appeared on Shark Tank Season 8, Episode 19, which aired on March 2, 2017, with repurposed and recycled bags made from billboard vinyl.
Rareform is listed in the Lifestyle Home category. In plain terms, the business is described as repurposed and recycled bags made from billboard vinyl.
Rareform asked the Sharks for $300,000 for 8%, implying a valuation of about $3.8 million.
On the show, Rareform made a listed deal with Kevin O'Leary for $300,000 loan at 8% for 10% equity.
If treated as straight equity, the listed deal works out to about $3 million implied valuation, down from the original $3.8 million implied valuation.
This pitch is included as context for the more important question: what happened after Shark Tank.
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $300,000 for 8% | |
| Sharks | Deal | Kevin O'Leary | $300,000 loan at 8% for 10% equity |
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Rareform accepted an on-air Shark Tank deal for $300,000 loan at 8% for 10% equity. The company is still operating after its Shark Tank appearance. (RareForm Shark Tank Update https://www.sharktankblog.com/business/rareform/Link Preview
Rareform reported annual revenue of $5 million. (RareForm Shark Tank Update https://www.sharktankblog.com/business/rareform/Link Preview
Over the years, they added to their product line. (RareForm Shark Tank Update https://www.sharktankblog.com/business/rareform/Link Preview
Sources used for this page: Shark Tank API pitches https://www.sharktank-api.dev/pitches https://www.sharktank-api.dev/episodes https://www.sharktankblog.com/business/rareform/Link Preview
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