iFork Shark Tank Update

iFork Shark Tank Pitch

Kyle Donovan appeared on Shark Tank Season 9, Episode 15, which aired on January 6, 2018, with interlocking utensils, cups and plates.

iFork is listed in the Lifestyle Home category. In plain terms, the business is described as interlocking utensils, cups and plates.

iFork asked the Sharks for $100,000 for 5%, implying a valuation of about $2 million.

On the show, iFork made a listed deal with Barbara Corcoran for $100,000 for 15%.

If treated as straight equity, the listed deal works out to about $666,666.667 implied valuation, down from the original $2 million implied valuation.

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

iFork After Shark Tank

iFork's on-air deal did not close, and the post-show record became more ambiguous than the pitch suggested. (iFork Shark Tank Update

Later updates noted that founder Kyle Donovan did not list company ownership on LinkedIn and that the products had disappeared from Amazon. (iFork Shark Tank Update

The company still had products listed through its own store after that, so I left it active but described the caveat: iFork survived more as a small direct-sale product line than as a major disposable-cutlery platform. (iFork Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches