Tippi Toes
DealBaby and Children's Entertainment
Tippi Toes is a baby and children's entertainment that got its big break on Shark Tank in Season 2, and convinced Barbara Corcoran and Mark Cuban to invest.
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From the show
The Shark Tank pitch
- $30K
- Asked for
- 5%
- Offered equity
- $600K
- Sought valuation
- $100K
- Deal amount
- 30%
- Deal equity
- $333K
- Deal valuation
Founder Megan Reilly and Sarah Nuse stepped onto the carpet in Season 2, Episode 1 in the episode that aired March 20, 2011, bringing their Corpus Christi, TX business with them. Tippi Toes, the baby and children's entertainment, pitched in the Sports & Outdoors category, one of 154 sports & outdoors businesses to brave the Tank across all 17 seasons.
The ask was $30,000 for 5% of the company, an implied valuation of $600K.
Barbara Corcoran and Mark Cuban teamed up at $100,000 for 30% equity. That priced the company at $333K, a haircut from the $600K the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 2 saw 36 pitches, and 19 of them closed a deal on air. 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 Tippi Toes?
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 Tippi Toes get a deal on Shark Tank?
Yes. Tippi Toes closed a deal for $100,000 in exchange for 30% equity, with Barbara Corcoran and Mark Cuban.
Which shark invested in Tippi Toes?
Barbara Corcoran and Mark Cuban invested in Tippi Toes ($100,000 total as aired).
What season of Shark Tank was Tippi Toes on?
Tippi Toes appeared in Season 2, Episode 1, which aired March 20, 2011.
How much was Tippi Toes asking for on Shark Tank?
The founders asked for $30,000 for 5% of the company, a $600K valuation.
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