Have you ever needed to get the last bit of something out of a bottle, but didn’t have the right tool to do it? Cheryl Rigdon has created tiny spatulas to clean out just about any bottle. Will she earn a deal on
Shark Tank Spatty Update
- Entrepreneur: Cheryl Rigdon
- Business: Tiny spatulas
- Ask: $50,000 for 40% equity
- Result: No deal
- Shark: None
Cheryl charmed the sharks with her lovely demeanor, thick Southern accent, and inventive product, the Spatty, which was a tiny spatula used for scraping makeup or other products from the sides of the bottle.
MONEY SAVING MAKEUP SPATULA – The Spatty and Spatty Daddy Pink 6 and 12 Inch Set are mini cosmetic beauty spatulas that scrape up to 25% more personal care product out of your jar or bottle.
The sharks loved the product line which included the classic “Spatty” and the one with the longer handle called the “Spatty Daddy.” Unfortunately, when they learned that the products Cheryl brought were only prototypes, and her company had no sales whatsoever, the sharks began to drop out.
Kevin O’Leary was the first shark to go out, followed by Mark Cuban, stating that it would take more time and resources than he could expend. Robert Herjavec spoke next, stating he had serious doubts about the business. For that reason, he was out. Daymond John went out too, echoing that Spatty was in its early stages and it just wasn’t the right time.
Lori Greiner remained, but she said the $2.99 to $3.99 MSRP was too inexpensive for QVC. Instead, she recommended that Cheryl approach makeup companies and ask for licensing deals to include the Spatty as a promotional item that sells with makeup. Beyond this advice, Lori said she could not help, and she went out.
Cheryl left the tank with no deal, but Daymond, who was charmed by her personality, offered her two phone numbers to makeup companies so that Cheryl had leads to pursue following the tank. Would those leads be fruitful? Find out in our Spatty update!
Research for our Spatty update revealed great news! The product received major media attention, and by 2018, the company had sold 500,000 units, and $2 million in lifetime sales. In 2023, Spatty remains widely available in major retailers like Bed, Bath, and Beyond Target, K-Mart, and online giants like Amazon as well. The product line has expanded, but sales remain strong with an estimated annual revenue of $1 million.
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!