Step N Pull
DealHands free door opener
Step N Pull is a hands free door opener that got its big break on Shark Tank in Season 12, and convinced Kevin O'Leary to invest.
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From the show
The Shark Tank pitch
- $300K
- Asked for
- 3%
- Offered equity
- $10M
- Sought valuation
- $300K
- Deal amount
- 6%
- Deal equity
- $5M
- Deal valuation
Founder Mike Sewell stepped onto the carpet in Season 12, Episode 19 in the episode that aired April 2, 2021. Step N Pull, the hands free door opener, pitched in the Home & Lifestyle category, one of 260 home & lifestyle businesses to brave the Tank across all 17 seasons.
The ask was $300,000 for 3% of the company, an implied valuation of $10M.
Kevin O'Leary made the deal at $300,000 for 6% equity. That priced the company at $5M, a haircut from the $10M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 12 saw 100 pitches, and 71 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 Step N Pull?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Step N Pull get a deal on Shark Tank?
Yes. Step N Pull closed a deal for $300,000 in exchange for 6% equity, with Kevin O'Leary.
Which shark invested in Step N Pull?
Kevin O'Leary invested in Step N Pull ($300,000 total as aired).
What season of Shark Tank was Step N Pull on?
Step N Pull appeared in Season 12, Episode 19, which aired April 2, 2021.
How much was Step N Pull asking for on Shark Tank?
The founders asked for $300,000 for 3% of the company, a $10M valuation.
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