Seedsheet Shark Tank Update

Seedsheet Shark Tank Pitch

Cameron Mackugler appeared on Shark Tank Season 8, Episode 20, which aired on April 7, 2017, with easy seeding for home gardeners.

Seedsheet is listed in the Lifestyle Home category. In plain terms, the business is described as easy seeding for home gardeners.

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

On the show, Seedsheet made a listed deal with Lori Greiner for $500,000 for 20%.

If treated as straight equity, the listed deal works out to about $2.5 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.

Seedsheet After Shark Tank

Seedsheet accepted an on-air Shark Tank deal for $500,000 for 20%. The company is still operating after its Shark Tank appearance. (SeedSheet Shark Tank Update

Seedsheet reported sales of $1.5 million. (SeedSheet Shark Tank Update

The new layouts let customers customize what they want in their gardens. (SeedSheet Shark Tank Update

Now, they offer container gardens for $24.99, a family size garden for $79.99 and a 4×8 raised bed garden (raised bed not included) for $99.99. (SeedSheet Shark Tank Update

Lori appeared in her own garden to sell this product on QVC. (SeedSheet Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches