Coinout

Deal

digital cash wallet

Season 9 · Ep 23 Tech & SoftwareAired February 18, 2018

Coinout, the digital cash wallet, landed on the national radar after pitching the sharks in Season 9, and convinced Robert Herjavec to invest.

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From the show

The Shark Tank pitch

$250K
Asked for: 7.5%
Offered equity: $3.3M
Sought valuation: $250K
Deal amount: 15%
Deal equity: $1.7M
Deal valuation

The entrepreneurs faced the sharks in Season 9, Episode 23 in the episode that aired February 18, 2018. Coinout, the digital cash wallet, pitched in the Tech & Software category, one of 73 tech & software businesses to brave the Tank across all 17 seasons.

They came in asking $250,000 in exchange for 7.5% equity, putting a $3.3M valuation on the business.

Robert Herjavec made the deal at $250,000 for 15% equity. That priced the company at $1.7M, a haircut from the $3.3M the founders walked in asking for, which is how negotiations in the Tank usually go.

Across Season 9, 65 of 96 pitches ended in a handshake. In the Tech & Software category overall, roughly 56% of pitches have landed a shark across the show's history.

Robert Herjavec$250K

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Frequently asked questions

Where can I buy Coinout?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.

Did Coinout get a deal on Shark Tank?

Yes. Coinout closed a deal for $250,000 in exchange for 15% equity, with Robert Herjavec.

Which shark invested in Coinout?

Robert Herjavec invested in Coinout ($250,000 total as aired).

What season of Shark Tank was Coinout on?

Coinout appeared in Season 9, Episode 23, which aired February 18, 2018.

How much was Coinout asking for on Shark Tank?

The founders asked for $250,000 for 7.5% of the company, a $3.3M valuation.

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