Line Cutterz Shark Tank Update

Line Cutterz Shark Tank Pitch

Vance Zahorski appeared on Shark Tank Season 8, Episode 9, which aired on November 17, 2016, with ring that cuts fishing line.

Line Cutterz is listed in the Fitness Outdoors category. In plain terms, the business is described as ring that cuts fishing line.

Line Cutterz asked the Sharks for $120,000 for 20%, implying a valuation of about $600,000.

On the show, Line Cutterz made a listed deal with Daymond John for $120,000 for 33%.

If treated as straight equity, the listed deal works out to about $363,636.364 implied valuation, down from the original $600,000 implied valuation.

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

Line Cutterz After Shark Tank

Line Cutterz accepted an on-air Shark Tank deal for $120,000 for 33%. The company is still operating after its Shark Tank appearance. (Line Cutterz Shark Tank Update – Gadget Making Big Waves

Line Cutterz reported annual revenue of $1-$2 million as of April 2024. (Line Cutterz Shark Tank Update – Gadget Making Big Waves

Since airing, he’s introduced a flat mount and a pole mount version of the cutters. (Line Cutterz Shark Tank Update – Gadget Making Big Waves

The official website for Line Cutterz is listed as www.linecutterz.com. (Line Cutterz website

Sources

Sources used for this page: Shark Tank API pitches