Wendy's Gnome Shop
DealDecorative gnomes for the holidays
Wendy's Gnome Shop is a decorative gnomes for the holidays that got its big break on Shark Tank in Season 13, and convinced Daymond John to invest.
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From the show
The Shark Tank pitch
- $200K
- Asked for
- 20%
- Offered equity
- $1M
- Sought valuation
- $200K
- Deal amount
- 30%
- Deal equity
- $667K
- Deal valuation
Founder Wendy Hoffmeister stepped onto the carpet in Season 13, Episode 8 in the episode that aired December 10, 2021. Wendy's Gnome Shop, the decorative gnomes for the holidays, pitched in the Home & Lifestyle category, one of 260 home & lifestyle businesses to brave the Tank across all 17 seasons.
The ask was $200,000 for 20% of the company, an implied valuation of $1M.
Daymond John made the deal at $200,000 for 30% equity. That priced the company at $667K, a haircut from the $1M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 13 saw 96 pitches, and 64 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 Wendy's Gnome Shop?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Wendy's Gnome Shop get a deal on Shark Tank?
Yes. Wendy's Gnome Shop closed a deal for $200,000 in exchange for 30% equity, with Daymond John.
Which shark invested in Wendy's Gnome Shop?
Daymond John invested in Wendy's Gnome Shop ($200,000 total as aired).
What season of Shark Tank was Wendy's Gnome Shop on?
Wendy's Gnome Shop appeared in Season 13, Episode 8, which aired December 10, 2021.
How much was Wendy's Gnome Shop asking for on Shark Tank?
The founders asked for $200,000 for 20% of the company, a $1M valuation.
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