Felt on Shark Tank

Felt is an app that lets users hand-write messages on a phone or tablet and have them printed and mailed as physical cards. It combines digital convenience with personal handwriting.

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⏱ Felt in 30 seconds

The ask$200K for 6%Valued at $3.33M
In the tankDeal: $225K for 10%With Kevin
After the showNot confirmedNo public record either way
TodayStill in business

Felt Shark Tank deal

Asked for: $200,000 for 6%
Asking valuation: $3.33M
Result: Deal
Final deal: $225,000 for 10%
Deal valuation: $2.25M
Shark: Kevin O'Leary
Founders: -
From: CO
Aired: May 20, 2016

Asked

$3.33M

Got

$2.25M

Would you have invested in Felt?

The pitch

The founders from CO pitched Felt in Shark Tank Season 7, Episode 29 (aired May 20, 2016). They asked for $200,000 in exchange for 6% equity, valuing the business at $3.33M. The entrepreneurs walked away with a deal from Kevin O'Leary: $225,000 for 10%. That put the final valuation at $2.25M, 32% below what they originally asked for.