Tailgate N Go
DealTailgate N Go is best known from its Shark Tank appearance in Season 11, and convinced Matt Higgins to invest.
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From the show
The Shark Tank pitch
- $250K
- Asked for
- 10%
- Offered equity
- $2.5M
- Sought valuation
- $250K
- Deal amount
- 20%
- Deal equity
- $1.3M
- Deal valuation
Ron, Taylor, and Kobe Johnson walked into the Tank in Season 11, Episode 5 in the episode that aired October 27, 2019. Tailgate N Go pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $250,000 for a 10% stake, which valued the company at $2.5M.
Matt Higgins made the deal at $250,000 for 20% equity. That priced the company at $1.3M, a haircut from the $2.5M the founders walked in asking for, which is how negotiations in the Tank usually go. The structure included a royalty component.
Tailgate N Go was one of 96 businesses to pitch in Season 11, where 63 deals got done. In the Sports & Outdoors category overall, roughly 64% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Tailgate N Go?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Tailgate N Go get a deal on Shark Tank?
Yes. Tailgate N Go closed a deal for $250,000 in exchange for 20% equity, with Matt Higgins.
Which shark invested in Tailgate N Go?
Matt Higgins invested in Tailgate N Go ($250,000 total as aired).
What season of Shark Tank was Tailgate N Go on?
Tailgate N Go appeared in Season 11, Episode 5, which aired October 27, 2019.
How much was Tailgate N Go asking for on Shark Tank?
The founders asked for $250,000 for 10% of the company, a $2.5M valuation.
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