Ryan Woltz entered the
Shark Tank Edn Wellgarden Update
- Entrepreneur: Ryan Woltz
- Business: Automated Plant Care
- Ask: $150,000 for 10% equity
- Result: No deal
- Shark: None
Ryan Woltz’s company, Edn WallGarden, sought to automate plant care. By perfecting the growing process, he wanted to give everyone access to fresh flowers, vegetables, and herbs. His planters use NASA designs and technology to “change the way the world grows and consumes food.”
While the sharks were impressed with Ryan’s product and his presentation, they were not thrilled about the price.
As Kevin O’Leary explained, Edn WallGarden is not cheap, and there were competitors with less expensive products. It didn’t take long for the sharks to go out one after another. Robert Herjavec and Mark Cuban went out first. Guest shark Chris Sacca was concerned that the product was too technological.
Even though he thought the product was expensive, Kevin still made an offer of $150,000 for 15%. Just as it appeared that they were going to make a deal, Lori Greiner jumped in to offer $150,000 for 25% equity. Her contingency was that the price point had to come down.
Because Ryan listened to Lori’s offer, Kevin changed his as well, increasing his equity to 25%. Ryan’s indecisiveness would cost him both offers. He hesitated to choose either shark, so Lori and Kevin both backed out.
Now that we know how Ryan’s time inside the tank went, let’s move on to our Edn Wallgarden update.
The good news is that Edn Wallgarden is still going strong, even without securing a deal. Ryan was able to raise an additional $1.535 million in 2019 and has since started marketing the Wallgarden mini, a more affordable alternative. The move has been pivotal to the company’s continued success.
Edn Wallgarden is still going strong today with the Wallgarden mini being the company’s most profitable product.
Curious about the other company updates from Season 8 Episode 17? Then check them out below:
For more company updates from Season 8, check out our Season 8 product page.