Elephant Chat
No DealNovelties
Elephant Chat is a novelties that got its big break on Shark Tank in Season 5, where it won fans even without landing a deal.
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From the show
The Shark Tank pitch
- $50K
- Asked for
- 20%
- Offered equity
- $250K
- Sought valuation
The team stepped onto the carpet in Season 5, Episode 6 in the episode that aired October 25, 2013, bringing their McKinney, TX business with them. Elephant Chat, the novelties, pitched in the Other category, one of 39 other businesses to brave the Tank across all 17 seasons.
The ask was $50,000 for 20% of the company, an implied valuation of $250K.
No deal. Every shark declined, and Elephant Chat walked. But a Shark Tank appearance reaches millions of viewers whether or not a check gets written, and plenty of no-deal companies have turned that airtime into lasting businesses.
Season 5 saw 116 pitches, and 60 of them closed a deal on air. In the Other category overall, roughly 69% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Elephant Chat?
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 Elephant Chat get a deal on Shark Tank?
No. Elephant Chat pitched the sharks but left Season 5 without a deal.
What season of Shark Tank was Elephant Chat on?
Elephant Chat appeared in Season 5, Episode 6, which aired October 25, 2013.
How much was Elephant Chat asking for on Shark Tank?
The founders asked for $50,000 for 20% of the company, a $250K valuation.
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