Bridal Buddy Shark Tank Update

Bridal Buddy Shark Tank Pitch

Heather Stenlake appeared on Shark Tank Season 8, Episode 24, which aired on May 12, 2017, with lightweight slip that helps brides bag up their dress so that they can use the toilet on their own.

Bridal Buddy is listed in the Accessories Gadgets category. In plain terms, the business is described as lightweight slip that helps brides bag up their dress so that they can use the toilet on their own.

Bridal Buddy asked the Sharks for $75,000 for 10%, implying a valuation of about $750,000.

On the show, Bridal Buddy made a listed deal with Lori Greiner and Kevin O'Leary for $75,000 for 30%.

If treated as straight equity, the listed deal works out to about $250,000 implied valuation, down from the original $750,000 implied valuation.

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

Bridal Buddy After Shark Tank

Bridal Buddy accepted an on-air Shark Tank deal for $75,000 for 30%. The company is still operating after its Shark Tank appearance. (Bridal Buddy Shark Tank Update

Bridal Buddy reported annual revenue of $3 million. (Bridal Buddy Shark Tank Update

The Bridal Buddy product is in 3 dozen or so independent bridal shops, Bed Bath and Beyond stores and Amazon. (Bridal Buddy Shark Tank Update

The official website for Bridal Buddy is listed as bridalbuddy.com. (Bridal Buddy website

Sources

Sources used for this page: Shark Tank API pitches