Kronos
DealGolf Products
Kronos, the golf products, landed on the national radar after pitching the sharks in Season 6, and convinced Robert Herjavec 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
The entrepreneurs faced the sharks in Season 6, Episode 2 in the episode that aired September 26, 2014, bringing their San Diego, CA business with them. Kronos, the golf products, 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.
Robert Herjavec 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.
Across Season 6, 66 of 116 pitches ended in a handshake. In the Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Kronos?
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 Kronos get a deal on Shark Tank?
Yes. Kronos closed a deal for $150,000 in exchange for 30% equity, with Robert Herjavec.
Which shark invested in Kronos?
Robert Herjavec invested in Kronos ($150,000 total as aired).
What season of Shark Tank was Kronos on?
Kronos appeared in Season 6, Episode 2, which aired September 26, 2014.
How much was Kronos asking for on Shark Tank?
The founders asked for $150,000 for 15% of the company, a $1M valuation.
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