Modern Christmas Trees Shark Tank Update

Modern Christmas Trees Shark Tank Pitch

Matt Bliss appeared on Shark Tank Season 9, Episode 13, which aired on December 2, 2017, with contemporary, plexiglass-based Christmas trees.

Modern Christmas Trees is listed in the Other category. In plain terms, the business is described as contemporary, plexiglass-based Christmas trees.

Modern Christmas Trees asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Modern Christmas Trees made a listed deal with Barbara Corcoran for $100,000 for 18%.

If treated as straight equity, the listed deal works out to about $555,555.556 implied valuation, down from the original $1 million implied valuation.

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

Modern Christmas Trees After Shark Tank

Modern Christmas Trees' on-air deal closed, making it one of the cleaner Season 9 follow-through stories. (Modern Christmas Tree Shark Tank Update

The company stayed focused on its premium suspended-tree design and later introduced a 10-foot model for larger spaces. (Modern Christmas Tree Shark Tank Update

Outside update reporting put annual revenue around $1 million in 2023, notable for a highly seasonal and design-driven product. (Modern Christmas Tree Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches