Line Cutterz on Shark Tank

Line Cutterz makes a ring worn on the finger with a small built-in blade for cutting fishing line. It lets anglers cut line quickly without reaching for scissors or clippers.

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⏱ Line Cutterz in 30 seconds

The ask$120K for 20%Valued at $600K
In the tankDeal: $120K for 33%With Daymond
After the showNot confirmedNo public record either way
TodayStill in business

Line Cutterz Shark Tank deal

Asked for: $120,000 for 20%
Asking valuation: $600K
Result: Deal
Final deal: $120,000 for 33%
Deal valuation: $363.6K
Shark: Daymond John
Founders: -
From: WI
Aired: Nov 18, 2016

Asked

$600K

Got

$363.6K

Would you have invested in Line Cutterz?

The pitch

The founders from WI pitched Line Cutterz in Shark Tank Season 8, Episode 9 (aired Nov 18, 2016). They asked for $120,000 in exchange for 20% equity, valuing the business at $600K. The entrepreneurs walked away with a deal from Daymond John: $120,000 for 33%. That put the final valuation at $363.6K, 39% below what they originally asked for.