Outer on Shark Tank

Outer makes outdoor furniture designed with sustainable materials and built-in protective covers. It is aimed at homeowners who want stylish, durable patio furniture that stays clean without separate covers or regular maintenance.

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⏱ Outer in 30 seconds

The ask$750K for 4%Valued at $18.75M
In the tankDeal: $750K for 5%With Lori · plus royalty · loan
After the showNot confirmedNo public record either way
TodayStill in business

Outer Shark Tank deal

Asked for: $750,000 for 4%
Asking valuation: $18.75M
Result: Deal
Final deal: $750,000 for 5%
Deal valuation: $15M
Shark: Lori Greiner
Structure: Royalty + Loan / credit line
Founders: Terry Lin and Jiake Liu
From: -
Aired: Nov 17, 2019

Asked

$18.75M

Got

$15M

Would you have invested in Outer?

The pitch

Terry Lin and Jiake Liu pitched Outer in Shark Tank Season 11, Episode 8 (aired Nov 17, 2019). They asked for $750,000 in exchange for 4% equity, valuing the business at $18.75M. The entrepreneurs walked away with a deal from Lori Greiner: $750,000 for 5%. That put the final valuation at $15M, 20% below what they originally asked for. The deal included a royalty. Part of the investment was structured as a loan or line of credit.