GetAway Tiny Home Rentals Update | Shark Tank Season 8

Pete Davis and John Staff realized that more and more people were feeling burnt out from the fast pace of modern life and the constant need to stay connected. To offer a solution, they created GetAway—a company that rents out tiny houses in hidden, peaceful locations, which gives people the chance to truly unplug and recharge. Let’s see how the negotiations go for Pete and John in our GetAway update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to GetAway after Shark Tank.

Pete and John entered Shark Tank Season 8, seeking $500,000 for 5% equity in their unique rental business, GetAway. Unfortunately, they weren’t able to secure a deal with any of the sharks.

In terms of a GetAway update, the company secured additional venture capital funding, successfully grew to over 1,000 cabins, and changed its name to Postcard Cabins. They have grown to an annual revenue of $41 million.

Shark	Result
Kevin O’Leary	$500,000 loan over three years at 11% interest for 2.5% equity
Chris Sacca	$500,000 for 7.14% equity
Lori Greiner	No offer
Mark Cuban	No offer
Barbara Corcoran	No offer

Shark Tank GetAway Pitch

• Entrepreneurs: Pete Davis and John Staff
• Business: Tiny home rentals in the woods
• Ask: $500,000 for 5% equity
• Result: No deal
• Sharks: None

Pete and John introduced GetAway House to the sharks, hoping to secure an investment that would help them expand nationwide.

Their goal is to build more tiny houses and open new locations, making it easier for people to escape the hustle and bustle of city life and relax in nature.

GetAway rents out minimalist cabins in peaceful, rural areas near cities like Boston, Atlanta, and Dallas.

Booking is straightforward through their website. Guests select a home base and available dates, with the cabin’s exact location revealed shortly before the stay.

The cabins come with basic essentials but no Wi-Fi, encouraging visitors to unplug and truly enjoy a digital detox.

Designed for anyone needing a quiet retreat, such as couples, families, friends, or solo travelers. The cabins offer one or two queen-sized beds and minimal amenities.

What sets GetAway apart is its focus on surprise. Guests won’t know the cabin’s location until the last minute.

Plus, the cabins are conveniently located near major cities, so it’s easy to make quick stops at the grocery in case you run out of supplies.

Kevin O’Leary asked if the tiny houses were on leased land, and they said yes.

Although there are multiple cabins on the property, guests still get plenty of privacy, and a caretaker is nearby in case of emergencies.

Each tiny house costs $30,000 to build and typically pays for itself in about 18 months through bookings.

Mark Cuban expressed doubts about their 100% occupancy claim, given they only had ten houses.

Further, Chris Sacca wanted to know about past funding, and the entrepreneurs said they had raised $1.2 million at a $7 million valuation.

Now, they were offering the sharks a deal based on a $12 million valuation.

The founders projected $2.1 million in sales for the next year. They also set a five-year goal to expand to 30 cities.

After some discussion about depreciation, Kevin offered a $500,000 loan over three years at 11% interest for 2.5% equity.

Barbara Corcoran had concerns about their valuation and financials, so she dropped out.

Mark had concerns about being stuck in a constant cycle of fundraising, so he exited the negotiations.

Lori Greiner, uncomfortable with the idea of staying in the woods, decided the business wasn’t for her and opted out.

That left Chris, who raised concerns about equity dilution.

After a brief negotiation, Kevin pressured them to make a quick decision, giving them just 10 seconds to accept his deal.

When Pete and John continued talking to Chris, Kevin withdrew his offer.

Chris then matched their previous investors’ terms with $500,000 for 7.14% equity, but the entrepreneurs were concerned about conflicts with other investors and declined.

In the end, the entrepreneurs left without a deal.

Stay tuned for our GetAway update as we bring you the latest from the company.

Shark Tank GetAway Update

Our GetAway update found that shortly after their Shark Tank appearance, the company saw a huge spike in web traffic and bookings.

By 2017, they had grown to 80 cabins in New York, Boston, and Washington, DC.

While this was less than their original target of 30 cities, the founders were careful not to rush expansion, wanting to maintain the quality of the guest experience.

In 2019, they secured an additional $22.5 million in venture capital to help push their growth forward.

When the pandemic hit in 2020, demand for GetAway’s secluded cabins soared. People were seeking safe ways to escape.

Sales jumped by 150%, and by May 2021, they raised an additional $47.5 million in Series C funding and mapped out plans to expand to 29 locations, bringing their total funding to $81 million.

By then, they had expanded to 17 metro areas, bringing in $30 million in annual revenue.

Our GetAway update found that the company hit a major milestone in May 2022 with 1,000 cabins in new cities like Atlanta, Chicago, and Indianapolis.

They also launched GetAway Campgrounds, offering more upscale camping options.

In August 2023, GetAway added eight more locations, for a total of 29. They now have over 1,000 cabins across the U.S.

In October 2024, GetAway officially changed its name to Postcard Cabins.

At the time of writing our GetAway update research, the company has grown to $41 million in annual revenue and has expanded its offerings to include group retreats and events.

If you’re interested, you can book a cabin here.

Despite not getting a Shark Tank deal, GetAway defied all odds to become a success.

We’re calling this GetAway update a success.

Make sure to take a look at the other company updates from Shark Tank Season 8 Episode 14:

• Chirps Update
• Vibes Update
• Popup Play Update

Before you go, check out our Shark Tank Season 8 page for more updates.