Mirmir Shark Tank Update

Mirmir Shark Tank Pitch

Sean Spencer and Ryan Glenn appeared on Shark Tank Season 9, Episode 5, which aired on October 22, 2017, with photo, gif and video booth service.

Mirmir is listed in the Services category. In plain terms, the business is described as photo, gif and video booth service.

Mirmir asked the Sharks for $350,000 for 10%, implying a valuation of about $3.5 million.

On the show, Mirmir made a listed deal with Robert Herjavec for $700,000 for 20%.

If treated as straight equity, the listed deal works out to about $3.5 million 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.

Mirmir After Shark Tank

Mirmir's Robert Herjavec deal appears not to have closed, but the company was already an upscale events business and continued expanding without him. (Mirmir Shark Tank Update

The business added more machines and more service locations after the show, keeping its focus on high-end black-and-white photo booth activations for events. (Mirmir Shark Tank Update

By 2023, outside update reporting put annual revenue around $24 million, making Mirmir one of the larger service-business outcomes from the season. (Mirmir Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches