Element Bars

Element Bars

Deal

Specialty Food

Season 1 · Ep 6Sports & OutdoorsAired September 13, 2009

Element Bars, the specialty food, landed on the national radar after pitching the sharks in Season 1, and convinced Kevin Harrington to invest.

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From the show

The Shark Tank pitch

$150K
Asked for
15%
Offered equity
$1M
Sought valuation
$150K
Deal amount
30%
Deal equity
$500K
Deal valuation

Jonathan Miller faced the sharks in Season 1, Episode 6 in the episode that aired September 13, 2009, bringing their Chicago, IL business with them. Element Bars, the specialty food, pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.

They came in asking $150,000 in exchange for 15% equity, putting a $1M valuation on the business.

Kevin Harrington made the deal at $150,000 for 30% equity. That priced the company at $500K, a haircut from the $1M the founders walked in asking for, which is how negotiations in the Tank usually go. The structure included a royalty component.

Across Season 1, 27 of 64 pitches ended in a handshake. In the Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.

Kevin Harrington$150K

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Frequently asked questions

Where can I buy Element Bars?

Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.

Did Element Bars get a deal on Shark Tank?

Yes. Element Bars closed a deal for $150,000 in exchange for 30% equity, with Kevin Harrington.

Which shark invested in Element Bars?

Kevin Harrington invested in Element Bars ($150,000 total as aired).

What season of Shark Tank was Element Bars on?

Element Bars appeared in Season 1, Episode 6, which aired September 13, 2009.

How much was Element Bars asking for on Shark Tank?

The founders asked for $150,000 for 15% of the company, a $1M valuation.

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