Night Runner 270 Shark Tank Update

Night Runner 270 Shark Tank Pitch

Renata Storer and Doug Storer appeared on Shark Tank Season 8, Episode 3, which aired on October 7, 2016, with 270 degree coverage shoe lights..

Night Runner 270 is listed in the Accessories Gadgets category. In plain terms, the business is described as 270 degree coverage shoe lights..

Night Runner 270 asked the Sharks for $250,000 for 10%, implying a valuation of about $2.5 million.

On the show, Night Runner 270 made a listed deal with Robert Herjavec for $250,000 for 15% + $100,000 loan.

If treated as straight equity, the listed deal works out to about $1.7 million implied valuation, down from the original $2.5 million implied valuation.

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

Night Runner 270 After Shark Tank

Night Runner 270 accepted an on-air Shark Tank deal for $250,000 for 15% + $100,000 loan. The on-air deal did not close. The company is still in business. (Night Runner 270 Shark Tank Update

Night Runner 270 reported sales of $300,000. (Night Runner 270 Shark Tank Update

In the month following the initial air date, they did $300,000 in sales and finished the year at $880,000. (Night Runner 270 Shark Tank Update

They also heard from over 300 companies interested in the industrial model. (Night Runner 270 Shark Tank Update

A few years after appearing, the company has changed its name to Night Tech Gear. (Night Runner 270 Shark Tank Update

The official website for Night Runner 270 is listed as www.nighttechgear.com. (Night Runner 270 website

Sources

Sources used for this page: Shark Tank API pitches