Moink
DealMeat - subscription box
Moink is a meat - subscription box that got its big break on Shark Tank in Season 10, and convinced Jamie Siminoff to invest.
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From the show
The Shark Tank pitch
- $250K
- Asked for
- 10%
- Offered equity
- $2.5M
- Sought valuation
- $400K
- Deal amount
- 20%
- Deal equity
- $2M
- Deal valuation
The team stepped onto the carpet in Season 10, Episode 15 in the episode that aired March 10, 2019. Moink, the meat - subscription box, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
The ask was $250,000 for 10% of the company, an implied valuation of $2.5M.
Jamie Siminoff made the deal at $400,000 for 20% equity. That priced the company at $2M, a haircut from the $2.5M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 10 saw 92 pitches, and 63 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 Moink?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Moink get a deal on Shark Tank?
Yes. Moink closed a deal for $400,000 in exchange for 20% equity, with Jamie Siminoff.
Which shark invested in Moink?
Jamie Siminoff invested in Moink ($400,000 total as aired).
What season of Shark Tank was Moink on?
Moink appeared in Season 10, Episode 15, which aired March 10, 2019.
How much was Moink asking for on Shark Tank?
The founders asked for $250,000 for 10% of the company, a $2.5M valuation.
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