Float N Grill
DealFloating grill
Float N Grill is a floating grill that got its big break on Shark Tank in Season 12, and convinced Daniel Lubetzky to invest.
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From the show
The Shark Tank pitch
- $200K
- Asked for
- 20%
- Offered equity
- $1M
- Sought valuation
- $100K
- Deal amount
- 22.5%
- Deal equity
- $444K
- Deal valuation
Founder Mikey Bashawaty and Jeremy Quillico stepped onto the carpet in Season 12, Episode 24 in the episode that aired May 14, 2021. Float N Grill, the floating grill, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
The ask was $200,000 for 20% of the company, an implied valuation of $1M.
Daniel Lubetzky made the deal at $100,000 for 22.5% equity. That priced the company at $444K, a haircut from the $1M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 12 saw 100 pitches, and 71 of them closed a deal on air. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Float N Grill?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Float N Grill get a deal on Shark Tank?
Yes. Float N Grill closed a deal for $100,000 in exchange for 22.5% equity, with Daniel Lubetzky.
Which shark invested in Float N Grill?
Daniel Lubetzky invested in Float N Grill ($100,000 total as aired).
What season of Shark Tank was Float N Grill on?
Float N Grill appeared in Season 12, Episode 24, which aired May 14, 2021.
How much was Float N Grill asking for on Shark Tank?
The founders asked for $200,000 for 20% of the company, a $1M valuation.
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