Hugo's Amazing Tape Shark Tank Update

Hugo's Amazing Tape Shark Tank Pitch

Katherine Saltzberg and Lauri Fraser appeared on Shark Tank Season 9, Episode 23, which aired on February 17, 2018, with non-adhesive, self-clinging tape.

Hugo's Amazing Tape is listed in the Other category. In plain terms, the business is described as non-adhesive, self-clinging tape.

Hugo's Amazing Tape asked the Sharks for $50,000 for 50%, implying a valuation of about $100,000.

On the show, Hugo's Amazing Tape made a listed deal with Mark Cuban and Lori Greiner for $100,000 for 100%.

If treated as straight equity, the listed deal works out to about $100,000 implied valuation, roughly the same implied valuation as the ask.

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

Hugo's Amazing Tape After Shark Tank

Hugo's Amazing Tape accepted the rare offer to sell 100% of the company, and the business stayed connected to Mark Cuban and Lori Greiner after airing. (Hugo's Amazing Tape Shark Tank Update

Later updates listed Katherine Saltzberg and Lauri Fraser on the company's executive team and noted that the business remained visible on Mark and Lori's sites. (Hugo's Amazing Tape Shark Tank Update

The reusable tape continued selling through Walmart, Amazon and the company's own store, making it a quiet but durable closed-deal product. (Hugo's Amazing Tape Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches