Cooking at home is great, but it can be messy. Alexander Eburne’s Prepdeck organization system helps cut down on the mess and keeps all of your tools where you can find them. This organization kit has places for ingredients, an integrated cutting board, and dozens of snap-on tools. After pitching the company on
Shark Tank Prepdeck Update
- Entrepreneur: Alexander Eburne
- Business: Kitchen organization tool system
- Ask: $750,000 for 7.5% equity
- Result: No deal
- Shark: None
When Alexander Eburne appeared on
When they asked how he planned to use the money, Alexander gave a neat, business-savvy answer that the sharks loved. However, Barbara Corcoran was the first to go out regardless. She didn’t like the plastic design or containers. Kevin O’Leary, on the other hand, offered a $750,000 loan with 9.5% interest over 36 months for a 5% equity stake. He promised to brand the company with a Chef Wonderful endorsement.
To clear the deck, guest shark Daniel Lubetzky bowed out. Mark Cuban followed. Both said they just didn’t understand the market well enough. Lori Greiner left the deal as well. She couldn’t get excited about the low equity, especially considering the high asking cost.
This left Kevin and his offer. Alexander countered for 9% interest and interest-only payments. He also tried to decrease the equity ask to 3%. Kevin wasn’t interested in taking it. They haggled a bit but ultimately couldn’t reach an agreement. Prepdeck walked away without a deal. Where are they now? Find out in our Prepdeck update.
Since appearing on
Curious about the other company updates from Season 13 Episode 16? Find them here.
Before you go, don’t forget to check out our Season 13 products page for more company updates from Season 13.