Lite-Netics

Name: Lite-Netics
Availability: InStock

No Deal

Holiday Cheer

Season 5 · Ep 12 Home & LifestyleAired December 13, 2013

Lite-Netics is a holiday cheer 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

$125K
Asked for: 20%
Offered equity: $625K
Sought valuation

The team stepped onto the carpet in Season 5, Episode 12 in the episode that aired December 13, 2013, bringing their Lubbock, TX business with them. Lite-Netics, 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 $125,000 for 20% of the company, an implied valuation of $625K.

No deal. Every shark declined, and Lite-Netics 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 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 Lite-Netics?

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 Lite-Netics get a deal on Shark Tank?

No. Lite-Netics pitched the sharks but left Season 5 without a deal.

What season of Shark Tank was Lite-Netics on?

Lite-Netics appeared in Season 5, Episode 12, which aired December 13, 2013.

How much was Lite-Netics asking for on Shark Tank?

The founders asked for $125,000 for 20% of the company, a $625K valuation.

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