Tangle Pets Shark Tank Update

Tangle Pets Shark Tank Pitch

Liz Martin appeared on Shark Tank Season 9, Episode 3, which aired on October 8, 2017, with line of plush toy animal hairbrushes.

Tangle Pets is listed in the Children category. In plain terms, the business is described as line of plush toy animal hairbrushes.

Tangle Pets asked the Sharks for $75,000 for 35%, implying a valuation of about $214,285.714.

On the show, Tangle Pets made a listed deal with Lori Greiner for $75,000 for 50%.

If treated as straight equity, the listed deal works out to about $150,000 implied valuation, down from the original $214,285.714 implied valuation.

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

Tangle Pets After Shark Tank

Tangle Pets accepted an on-air deal with Lori Greiner for the plush brush product. (TanglePets Shark Tank Blog update

After Shark Tank, the company kept selling the detangling brush line and leaned on the show exposure to build demand with parents and kids. (TanglePets Shark Tank Blog update

Tangle Pets later received an update segment in Season 10, which suggests the company was still active after the original Season 9 airing. (TanglePets Shark Tank Blog update

The practical post-show takeaway is that the product survived past the initial Shark Tank bump and continued as a children’s hair-care accessory brand. (TanglePets Shark Tank Blog update

Sources

Sources used for this page: Shark Tank API pitches