Modern Christmas Trees are a new type of Christmas tree inspired by art, creativity, and modern-day technology. Matt Bliss brought his idea on
Shark Tank Modern Christmas Trees Update
- Entrepreneurs: Matt Bliss
- Business: Christmas Trees
- Ask: $100,000 for 10% equity
- Result: $100,000 for 18% equity
- Sharks: Barbara Corcoran
Matt Bliss explained Modern Christmas Tree’s original idea and how his family relatives helped inspire him to create the company known as Modern Christmas Trees. He also explained how he financially projects the company to generate about $381,000 in revenue during the current calendar year.
Easy to put up and take down. It collapses completely flat for space saving storage.
When the subject of product pricing came up, Matt told the sharks that it costs him about $250 to build the largest variation of the ‘modern Christmas tree’ that he was demonstrating and showing off. That particular version sells at a price point of $799. Almost all of the company’s sales come directly from online, while only a small percentage comes from retail stores.
Mark Cuban and Robert Herjavec believed that the product was aimed at a very niche and premium selection of the public market for artificial Christmas decorations and they both decided it was too risky to invest and dropped out. Three sharks remained, so Matt was certainly running out of options to secure an investment.
Lori Greiner also dropped out, but Barbara Corcoran made an offer of $100,000 for 18% equity and a $5 royalty until she received her money back. Matt accepted Barbara’s offer and decided to partner with her. Now let’s get a Modern Christmas Trees update and see how the company is doing since the deal on
Our Modern Christmas Trees update is exciting for a few different reasons. The first reason is that Matt and Barbara did finalize their agreement and sales tripled shortly after airing. Matt then went on to design cheaper versions of his Modern Christmas Trees.
The company continues to generate about $500,000 during the Christmas season every year, and products can be purchased on the company’s website.
You can find the other company updates from Season 9 Episode 13 here:
Don’t forget to take a look at our Season 9 products page! We’ve got more company updates from
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