The Measuring Shovel
DealThe Measuring Shovel landed on the national radar after pitching the sharks in Season 11, and convinced Lori Greiner and Kevin O'Leary to invest.
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From the show
The Shark Tank pitch
- $40K
- Asked for
- 15%
- Offered equity
- $267K
- Sought valuation
- $40K
- Deal amount
- 30%
- Deal equity
- $133K
- Deal valuation
The entrepreneurs faced the sharks in Season 11, Episode 6 in the episode that aired November 3, 2019. The Measuring Shovel pitched in the Home & Lifestyle category, one of 260 home & lifestyle businesses to brave the Tank across all 17 seasons.
They came in asking $40,000 in exchange for 15% equity, putting a $267K valuation on the business.
Lori Greiner and Kevin O'Leary teamed up at $40,000 for 30% equity. That priced the company at $133K, a haircut from the $267K the founders walked in asking for, which is how negotiations in the Tank usually go.
Across Season 11, 63 of 96 pitches ended in a handshake. 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 The Measuring Shovel?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did The Measuring Shovel get a deal on Shark Tank?
Yes. The Measuring Shovel closed a deal for $40,000 in exchange for 30% equity, with Lori Greiner and Kevin O'Leary.
Which shark invested in The Measuring Shovel?
Lori Greiner and Kevin O'Leary invested in The Measuring Shovel ($40,000 total as aired).
What season of Shark Tank was The Measuring Shovel on?
The Measuring Shovel appeared in Season 11, Episode 6, which aired November 3, 2019.
How much was The Measuring Shovel asking for on Shark Tank?
The founders asked for $40,000 for 15% of the company, a $267K valuation.
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