Shark Tank Pitch

Seasons 6+ pages were generated with help from AI. Seasons 1-5 were researched and written by hand.

DrainWig Shark Tank Update

2m

Lifestyle Home

Pitch Overview
NameDrainWig
Main PresentersJennifer Briggs, Gifford Briggs
Order Shown in Episode3
Final DealOffer made from sharks

DrainWig Shark Tank Pitch

Jennifer Briggs and Gifford Briggs appeared on Shark Tank Season 9, Episode 6, which aired on October 29, 2017, with Hair-catching drain plug.

DrainWig is listed in the Lifestyle Home category. In plain terms, the business is described as Hair-catching drain plug.

DrainWig asked the Sharks for $300,000 for 5%, implying a valuation of about $6 million.

On the show, DrainWig made a listed deal with Kevin O'Leary for $300,000 for 15%.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, down from the original $6 million implied valuation.

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

Offers

Made ByLabelSharks Part of DealSummary
SharksDealKevin O'Leary$300,000 for 15%
CompanyOffered$300,000 for 5%

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

DrainWig After Shark Tank

DrainWig's on-air deal with Kevin O'Leary closed, which is notable because many Season 9 deals later fell apart off-camera. (DrainWig Shark Tank Update ).
After the show, the hair-catching drain product kept shelf space in major big-box retail and on Amazon, giving it a durable channel beyond the original TV spike. (DrainWig Shark Tank Update , DrainWig website ).
Outside update reporting put annual revenue around $1 million in 2023, which fits the picture of a steady utility product rather than a flash-in-the-pan Tank item. (DrainWig Shark Tank Update ).

Sources

Sources used for this page: Shark Tank API pitches , Shark Tank API episodes , sharktankblog.com , drainwig.com .

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