Unshrinkit
Dealproduct to help unshrink wool garments
Best known from its Shark Tank appearance, Unshrinkit is a product to help unshrink wool garments in Season 7, and convinced Mark Cuban to invest.
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From the show
The Shark Tank pitch
- $150K
- Asked for
- 10%
- Offered equity
- $1.5M
- Sought valuation
- $150K
- Deal amount
- 15%
- Deal equity
- $1M
- Deal valuation
The founders walked into the Tank in Season 7, Episode 8 in the episode that aired November 13, 2015. Unshrinkit, the product to help unshrink wool garments, pitched in the Home & Lifestyle category, one of 260 home & lifestyle businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $150,000 for a 10% stake, which valued the company at $1.5M.
Mark Cuban made the deal at $150,000 for 15% equity. That priced the company at $1M, a haircut from the $1.5M the founders walked in asking for, which is how negotiations in the Tank usually go.
Unshrinkit was one of 116 businesses to pitch in Season 7, where 66 deals got done. 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 Unshrinkit?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Unshrinkit get a deal on Shark Tank?
Yes. Unshrinkit closed a deal for $150,000 in exchange for 15% equity, with Mark Cuban.
Which shark invested in Unshrinkit?
Mark Cuban invested in Unshrinkit ($150,000 total as aired).
What season of Shark Tank was Unshrinkit on?
Unshrinkit appeared in Season 7, Episode 8, which aired November 13, 2015.
How much was Unshrinkit asking for on Shark Tank?
The founders asked for $150,000 for 10% of the company, a $1.5M valuation.
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