Eggmazing Shark Tank Update

Eggmazing Shark Tank Pitch

Curtis McGill and Scott Houdashell appeared on Shark Tank Season 9, Episode 23, which aired on February 17, 2018, with egg decorating kit.

Eggmazing is listed in the Other category. In plain terms, the business is described as egg decorating kit.

Eggmazing asked the Sharks for $350,000 for 7%, implying a valuation of about $5.0 million.

On the show, Eggmazing made a listed deal with Lori Greiner for $350,000 for 10% + $2 royalty until she's paid back.

If treated as straight equity, the listed deal works out to about $3.5 million implied valuation, down from the original $5.0 million implied valuation.

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

Eggmazing After Shark Tank

Eggmazing accepted Lori Greiner's on-air deal for $350,000 for 10% equity plus a royalty component. (Eggmazing Shark Tank Update

The company, Hey Buddy Hey Pal, used Shark Tank attention to expand beyond the original egg decorator into ornament decorators and other seasonal products. (Eggmazing Egg Decorator Shark Tank Update

Update sites later placed annual revenue around $5 million and noted continued Walmart distribution, giving the company a real retail footprint in seasonal craft products. (Eggmazing Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches