The second presenter of
Shark Tank Seedsheet Update
- Entrepreneur: Cameron Mackugler
- Business: Sustainable and simple gardening sheets
- Ask: $500,000 for 10% equity
- Result: $500,000 for 20% equity
- Shark: Lori Greiner
Before we proceed in our Seedsheet update, let’s talk a bit more about what the company is and how the presentation went.
According to Seedsheet, the company’s goal is to make “growing plants ridiculously easy.” Using the company’s products, anyone interested in gardening can simply “plant” the Seedsheet and water each seed pouch based on instructions provided.
Seedsheeds can include everything from tacos to cocktails and herbs, depending on your choice. The best part is that you can put these sheets anywhere.
As Cameron went on with his presentation, Mark Cuban couldn’t help but share that he was worried about how to get the products into retail. However, Cameron answered that by saying that Seedsheets did $156,000 in sales in one gardening season. Cameron added that the company was targeting millennials.
Daymond John saw the opportunity and described it as a potential disruptor in the space. Unfortunately, he thought that there were too many challenges, so he went out. Robert Herjavec followed him a few seconds after.
Meanwhile, Lori Greiner seemed to love the product and offered $500,000 for 22% equity. Kevin O’Leary tried to lowball Lori by offering the same amount of money but with only a 15% equity ask. However, before he could finish, Mark offered to join in with Lori’s offer.
While Lori and Mark would have partnered up for 22% equity for $500,000, Cameron asked if he could secure both sharks for 20% equity. Lori ultimately declined. In response, Kevin lowered his equity ask to 12.5%. Eventually, Mark went out and Cameron accepted the deal with Lori for $500,000 for 20% equity.
Now, for our Seedsheet update, you’ll be glad to know that the deal pushed through. Lori has since appeared on QVC in her own garden to try and sell Seedsheets. According to available data, Seedsheets sold $1.5 million in the two years since it appeared on
Seedsheet continues to try and revolutionize the gardening space as of the time of writing. Recent estimates suggest that Seedsheets earns $5 million in annual revenue.
Before you go, check out our other company updates from Season 8 Episode 20:
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