Wise Pocket Products
DealWise Pocket Products is best known from its Shark Tank appearance in Season 11, and convinced Lori Greiner and Daymond John to invest.
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From the show
The Shark Tank pitch
- $30K
- Asked for
- 15%
- Offered equity
- $200K
- Sought valuation
- $35K
- Deal amount
- 25%
- Deal equity
- $140K
- Deal valuation
The founders walked into the Tank in Season 11, Episode 11 in the episode that aired January 12, 2020. Wise Pocket Products pitched in the Fashion & Beauty category, one of 239 fashion & beauty businesses to brave the Tank across all 17 seasons.
On the carpet, the number was $30,000 for a 15% stake, which valued the company at $200K.
Lori Greiner and Daymond John teamed up at $35,000 for 25% equity. That priced the company at $140K, a haircut from the $200K the founders walked in asking for, which is how negotiations in the Tank usually go.
Wise Pocket Products was one of 96 businesses to pitch in Season 11, where 63 deals got done. In the Fashion & Beauty category overall, roughly 58% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Wise Pocket Products?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Wise Pocket Products get a deal on Shark Tank?
Yes. Wise Pocket Products closed a deal for $35,000 in exchange for 25% equity, with Lori Greiner and Daymond John.
Which shark invested in Wise Pocket Products?
Lori Greiner and Daymond John invested in Wise Pocket Products ($35,000 total as aired).
What season of Shark Tank was Wise Pocket Products on?
Wise Pocket Products appeared in Season 11, Episode 11, which aired January 12, 2020.
How much was Wise Pocket Products asking for on Shark Tank?
The founders asked for $30,000 for 15% of the company, a $200K valuation.
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