✓ Got a deal Out of business Season 1, Ep. 3 🍽️ Food & Drink

TurboBaster on Shark Tank

TurboBaster is a kitchen basting tool designed to make it easier to baste roasts and poultry while cooking. It is aimed at home cooks who want a more convenient and less messy alternative to a traditional bulb baster or brush.

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⏱ TurboBaster in 30 seconds

The ask$35K for 35%Valued at $100K
In the tankDeal: $35K for 100%With Kevin · plus royalty
After the showNot confirmedNo public record either way
TodayClosedKevin Harrington's TV Goods bought the marketing rights in 2010, but …

TurboBaster Shark Tank deal

Asked for: $35,000 for 35%
Asking valuation: $100K
Result: Deal
Final deal: $35,000 for 100%
Deal valuation: $35K
Shark: Kevin Harrington
Structure: Royalty
Founders: Marian Cruz
From: San Francisco, CA
Aired: Aug 23, 2009

Asked

$100K

Got

$35K

Would you have invested in TurboBaster?

The pitch

Marian Cruz from San Francisco, CA pitched TurboBaster in Shark Tank Season 1, Episode 3 (aired Aug 23, 2009). They asked for $35,000 in exchange for 35% equity, valuing the business at $100K. The entrepreneurs walked away with a deal from Kevin Harrington: $35,000 for 100%. That put the final valuation at $35K, 65% below what they originally asked for. The deal included a royalty.

What happened to TurboBaster after Shark Tank?

Out of business

TurboBaster appears to be out of business (Kevin Harrington's TV Goods bought the marketing rights in 2010, but the product was apparently never made or sold, and its website and Facebook page are down.).

Sources (1)