Pink Shutter Photo Booths
DealEntertainment
Best known from its Shark Tank appearance, Pink Shutter Photo Booths is a entertainment in Season 4, and convinced Barbara Corcoran to invest.
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From the show
The Shark Tank pitch
- $300K
- Asked for
- 10%
- Offered equity
- $3M
- Sought valuation
- $300K
- Deal amount
- 33%
- Deal equity
- $909K
- Deal valuation
Tom Kanemoto and Lance Yabut walked into the Tank in Season 4, Episode 24 in the episode that aired May 10, 2013, bringing their Los Angeles, CA business with them. Pink Shutter Photo Booths, the entertainment, pitched in the Media & Entertainment category, one of 29 media & entertainment businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $300,000 for a 10% stake, which valued the company at $3M.
Barbara Corcoran made the deal at $300,000 for 33% equity. That priced the company at $909K, a haircut from the $3M the founders walked in asking for, which is how negotiations in the Tank usually go.
Pink Shutter Photo Booths was one of 103 businesses to pitch in Season 4, where 52 deals got done. In the Media & Entertainment category overall, roughly 66% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Pink Shutter Photo Booths?
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 Pink Shutter Photo Booths get a deal on Shark Tank?
Yes. Pink Shutter Photo Booths closed a deal for $300,000 in exchange for 33% equity, with Barbara Corcoran.
Which shark invested in Pink Shutter Photo Booths?
Barbara Corcoran invested in Pink Shutter Photo Booths ($300,000 total as aired).
What season of Shark Tank was Pink Shutter Photo Booths on?
Pink Shutter Photo Booths appeared in Season 4, Episode 24, which aired May 10, 2013.
How much was Pink Shutter Photo Booths asking for on Shark Tank?
The founders asked for $300,000 for 10% of the company, a $3M valuation.
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