Bravo Shark Tank Update

Bravo Shark Tank Pitch

Maria del Carmen Luna and Hector Rodriguez-Luna appeared on Shark Tank Season 9, Episode 9, which aired on November 5, 2017, with tip or pay app based on blockchain technology.

Bravo is listed in the Software Tech category. In plain terms, the business is described as tip or pay app based on blockchain technology.

Bravo asked the Sharks for $150,000 for 5%, implying a valuation of about $3 million.

On the show, Bravo made a listed deal with Mark Cuban and Lori Greiner for $150,000 for 10% + 4% advisory shares.

If treated as straight equity, the listed deal works out to about $1.5 million implied valuation, down from the original $3 million implied valuation.

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

Bravo After Shark Tank

Bravo's televised deal did not close, but the payments app continued operating and later changed its identity to Famigo. (Bravo Shark Tank Update

Before the rebrand, the company added cryptocurrency payments in 2019 and was still reporting about $2 million in annual revenue in 2021. (Bravo Shark Tank Update

The September 2021 Famigo rebrand is the key post-show development: it moved the company away from the narrow Bravo name while keeping the peer-to-peer payment and community transaction idea alive. (Bravo Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches