OotBox’s Shark Tank Tale: Modular Spaces

Shark Tank Pitch Recap

In Season 13 Episode 16 Robbie Friedman and Allison Zofan appeared on Shark Tank seeking $300,000 for 5% of their shipping container spaces, OotBox.

Here’s a quick recap before we dive into the OotBox Shark Tank update.

• : She understand the need but it’s not the right investment for her.
  Out
• : He wants to invest in hockey stick growth businesses that aren’t capital constrained or time constrained. This is not it.
  Out
• : Feels a significant proportion of their momentum is connected to Covid and the valuation doesn’t factor that.
  Out
• : Sales are good but the business is capital intensive and he hates deals where he never sees his money again.
  Offer: $300K for 5% + $1000 per unit until $600K in royalties is paid
• : She thinks it’s a genius model that’s identical to her Boho Vans deal – grew their revenues by 20 times in one year after Shark Tank.
  Offer: $300K for 20%
• :
  Counter Offer to Barbara: $300K for 7%
• : She’s insulted by their offer.
  Counter Offer: $300K for 10%
• : He will do the deal at 9% for fun. He likes to squeeze Barbara’s head every once in a while.
  Offer: $300K for 9%