Third Wave Water Shark Tank Update

Third Wave Water Shark Tank Pitch

Taylor Minor and Charles Nick appeared on Shark Tank Season 9, Episode 3, which aired on October 8, 2017, with water enhancing mineralizing pouches for making better coffee.

Third Wave Water is listed in the Food Beverage category. In plain terms, the business is described as water enhancing mineralizing pouches for making better coffee.

Third Wave Water asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Third Wave Water made a listed deal with Barbara Corcoran for $100,000 for 25%.

If treated as straight equity, the listed deal works out to about $400,000 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.

Third Wave Water After Shark Tank

Third Wave Water accepted an on-air Shark Tank deal for $100,000 for 25%. The on-air deal did not close. The company is still in business. (Third Wave Water Shark Tank Update

The company saw the typical "Shark Tank Effect" spike in sales. (Third Wave Water Shark Tank Update

In 2019, the company launched Tethys, a water filtration and mineralization system for coffee shops. (Third Wave Water Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches