Nana Hats
DealBanana Preservation
Nana Hats is a banana preservation that got its big break on Shark Tank in Season 14, and convinced Lori Greiner and Peter Jones to invest.
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From the show
The Shark Tank pitch
- $150K
- Asked for
- 10%
- Offered equity
- $1.5M
- Sought valuation
- $150K
- Deal amount
- 20%
- Deal equity
- $750K
- Deal valuation
Founder Sean Adler stepped onto the carpet in Season 14, Episode 6 in the episode that aired November 11, 2022. Nana Hats, the banana preservation, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
The ask was $150,000 for 10% of the company, an implied valuation of $1.5M.
Lori Greiner and Peter Jones teamed up at $150,000 for 20% equity. That priced the company at $750K, a haircut from the $1.5M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 14 saw 87 pitches, and 62 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 Nana Hats?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Nana Hats get a deal on Shark Tank?
Yes. Nana Hats closed a deal for $150,000 in exchange for 20% equity, with Lori Greiner and Peter Jones.
Which shark invested in Nana Hats?
Lori Greiner and Peter Jones invested in Nana Hats ($150,000 total as aired).
What season of Shark Tank was Nana Hats on?
Nana Hats appeared in Season 14, Episode 6, which aired November 11, 2022.
How much was Nana Hats asking for on Shark Tank?
The founders asked for $150,000 for 10% of the company, a $1.5M valuation.
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