Toymail Shark Tank Tale

Shark Tank Pitch Recap

In Season 8 Episode 17, Gauri Nanda appeared on Shark Tank seeking $250,000 for 2.5% of her stuffed voice chat toy, Toymail.

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

• : He’s very impressed but at 2.5% he’s not interested.
  Out
• : He thinks she’s uniquely qualified to take this on but he doesn’t like the valuation for a business that is still in its early stages.
  Offer: $400K for 5%
• : He would like to include some of his content at some point – he has over $1 billion in content assets.
  Offer: $500K for 5%
• Lori is interested in the deal but not the valuation. She asks Gauri to make her an offer. Gauri likes Mark’s offer and suggests that Lori join him.
• : He respects Lori’s marketing skill set and believes she could be valuable to a deal like this. He doesn’t share the same feelings about Mark. He remarks that if Mark had a new idea, “it would die of loneliness”. He can’t see what Mark would bring to the table. He invites Lori into the deal and she agrees to join.
  Offer: Chris and Lori at $600K for 5% including the option for an additional $1 Million in the next round