Joe Balistreri pitched his raccoon deterrent during
If you’re short on time, here’s a quick overview of what happened to Critter Pricker after
Entrepreneur Joe Balistreri appeared on
|Accepted deal for $115,000 for 15% equity and $2.50 per unit royalty in perpetuity
Shark Tank Critter Pricker Update
- Entrepreneur: Joe Balistreri
- Business: Raccoon deterrent spikes
- Ask: $115,000 for 15% equity
- Result: $115,000 for 15% equity, plus $2.50 per unit royalty in perpetuity
- Shark: Kevin O’Leary
Joe Balistreri is a former pest control guy and founder of Critter Pricker. He has come up with a perfectly humane way to deal with raccoons being a nuisance. His spikey deterrents stop raccoons without hurting their little feet.
They are especially helpful for keeping them from knocking over trash cans, and getting into your pools.
Since raccoons have sensitive paws, the sharp spikes on these strips make them scamper away. Critter Pricker is basically a line of plastic squares with sharp spikes, that can be snapped together to create a perimeter for anything.
Because the shape and size are modular, this means that the Critter Pricker products can also be set up around bird feeders, or fences. Additionally, they can also deter cats and other animals besides raccoons.
The product sells for between $27.99-$32.99, and they cost $8 to make. So far, Critter Pricker has done $80,000 in sales as of the filming year.
Further, six weeks before filming, he completely sold out of his product at a trade show. Pool companies were his biggest customer.
He recommends just placing the strips in front of pool steps, because he says this is where raccoons like to defecate.
Mark Cuban is the first shark to drop out. He’s afraid of liability with injuries.
Next up is Barbara Corcoran who shares her concerns over neighbors getting injured by the spikes. She also eventually drops out.
Similarly, Daymond John is worried about dogs and other pets getting injured, so for that reason he is also out.
Lori Greiner agrees with their sentiments and drops out as well. This leaves Kevin O’Leary as the only shark that might make a deal.
He ultimately thinks that the product is a good idea, however he has an issue with the high valuation. Despite this, he makes an offer of $115,000 for 15% equity and $2.50 per unit royalty in perpetuity.
The offer is what the entrepreneur asked for, although it comes with the standard Kevin-brand royalty deal. Despite the royalty, Joe accepts Kevin’s offer!
Will they be able to stop raccoons together? Keep reading our
Research for our Critter Pricker update revealed that the company is still in business, but brings in under $1 million a year. Further, the company has pest control business in Illinois, Ohio, Massachusetts, and New York.
Products are available on the Critter Pricker website, where they also offer advice on deterring raccoons from your property, in addition to the product they sell.
If we get any more news on a Critter Pricker update, we will let you know!
In the meantime, you can find the other company updates from Season 11 Episode 17 here:
For even more on companies and products, be sure to stop by our Season 11 products page!
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!