Hoppy Paws
DealHoliday Cheer
Hoppy Paws is a holiday cheer that got its big break on Shark Tank in Season 6, and convinced Barbara Corcoran to invest.
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From the show
The Shark Tank pitch
- $50K
- Asked for
- 10%
- Offered equity
- $500K
- Sought valuation
- $100K
- Deal amount
- 49%
- Deal equity
- $204K
- Deal valuation
Founder Trina Barkouras stepped onto the carpet in Season 6, Episode 12 in the episode that aired December 12, 2014, bringing their Newport Beach, CA business with them. Hoppy Paws, the holiday cheer, pitched in the Home & Lifestyle category, one of 260 home & lifestyle businesses to brave the Tank across all 17 seasons.
The ask was $50,000 for 10% of the company, an implied valuation of $500K.
Barbara Corcoran made the deal at $100,000 for 49% equity. That priced the company at $204K, a haircut from the $500K the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 6 saw 116 pitches, and 66 of them closed a deal on air. In the Home & Lifestyle category overall, roughly 68% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Hoppy Paws?
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 Hoppy Paws get a deal on Shark Tank?
Yes. Hoppy Paws closed a deal for $100,000 in exchange for 49% equity, with Barbara Corcoran.
Which shark invested in Hoppy Paws?
Barbara Corcoran invested in Hoppy Paws ($100,000 total as aired).
What season of Shark Tank was Hoppy Paws on?
Hoppy Paws appeared in Season 6, Episode 12, which aired December 12, 2014.
How much was Hoppy Paws asking for on Shark Tank?
The founders asked for $50,000 for 10% of the company, a $500K valuation.
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