Drew Zirkle pitched his nail guide and finger protector on
If you’re short on time, here’s a quick overview of what happened to Safety Nailer after
Entrepreneur Drew Zirkle appeared on
|Lori Greiner, Rohan Oza, and Mark Cuban||Accepted deal for $100,000 for 33% equity|
|Kevin O’Leary||No offer|
|Barbara Corcoran||No offer|
Shark Tank Safety Nailer Update
- Entrepreneur: Drew Zirkle
- Business: Nail guide and finger protector
- Ask: $100,000 for 14% equity
- Result: $100,000 for 33% equity
- Shark: Lori Greiner, Rohan Oza, and Mark Cuban
Although it’s only Drew pitching the product, he shares that Daniel is actually the inventor. However, he was deployed and then returned home needing heart surgery, so he couldn’t be a part of the pitch.
Drew wanted to help his friend bring his prototype of the product into production, however, Daniel didn’t have the capacity to pursue it. Eventually, Daniel’s wife went into business with Drew to bring the Safety Nailer to business.
Guest shark Rohan Oza tried the product and found that it is surprisingly helpful because it aligns the nail at the perfect angle. The numbers however are a little shakier.
The previous year, the Safety Nailer had done $40,000 in sales. Additionally, during the filming year, they’d already done $85,000.
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It may be a great idea for a product, but it ultimately seems to worry some sharks that this is a product rather than a business.
Consequently, Kevin O’Leary is the first shark to go after Drew reveals that he hasn’t quit his day job.
Barbara Corcoran on the other hand, thinks that the product lacks appeal. For this reason, she is also out.
Agreeing with Kevin, Mark Cuban is out as well, because he doesn’t want to back someone who isn’t in with the product 100% of the time.
It’s at this point that the entrepreneur tries to ply the sharks with another product, his ‘clacker’ toy that doesn’t actually clack.
Although things are starting to look bleak for Drew, guest shark Rohan Oza is interested. Further, he sees the Safety Nailer as a good licensing deal.
Lori Greiner agrees, and they decide to go in together. Then, Mark asks if he can have the rights to the clacker and if he can, he’ll go in on the deal.
The offer for all three? $100,000 for 50% of the business (plus the rights to the clacker, of course). Drew wants to haggle, and Mark says they’ll go down to 33% equity if he can keep the clacker.
The entrepreneur accepts, but was this a good deal for the three sharks? Keep reading our Safety Nailer update to find out what happened following
We have good news to share in our Safety Nailer update. After airing on
Further, the company started a Kickstarter to fund the clacker toy and raised almost $9,000. It’s available on the Safety Nailer website in addition to the Safety Nailer, and all of the other products they produce.
We also found an interview with The Virginian-Pilot, where Drew revealed that the deal with the three sharks didn’t end up going through.
Despite this, the company still seems to be doing well. You can find the Safety Nailer online and at Ace Hardware.
If we get more news on a Safety Nailer update, we will let you know!
You can find the other company updates from Season 11 Episode 16 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!