Products like The Measuring Shovel seem like no-brainers, but we don’t realize that we need them until someone creates them. 13-year-old Maddox Prichard innovated the perfect gardening tool by improving something we use in our gardens every day. Will the sharks take a bite of this company during the
Shark Tank Measuring Shovel Update
- Entrepreneur: Maddox and Amanda Prichard
- Business: Garden shovel with an engraved yardstick
- Ask: $40,000 for 15% equity
- Result: $40,000 for 30% equity
- Shark: Lori Greiner and Kevin O’Leary
Prichard had the idea for The Measuring Shovel during a fourth-grade invention project. The idea had won him several awards at invention fairs, and he had patents on the idea itself. He may only be 13, but he was more composed in front of the sharks than many of the entrepreneurs on the show.
The Measuring Shovel is an ingenious improvement on the shovel. It has an engraved yardstick along the handle and on the blade, which helps to produce holes of the perfect depth, as well as perfect spacing for plants.
While it seemed like a great idea, Maddox revealed that he hadn’t entered production yet. The sharks agreed that if they were buying a shovel, they would rather have The Measuring Shovel than a standard one. Many gardeners would feel the same.
Mark Cuban and Robert Herjavec were out quickly, simply because they don’t garden, so they just weren’t passionate about the project. Luckily, Lori Greiner and Kevin O’Leary quickly made a combined offer that would focus on licensing. They offer $40,000 for a 30% stake in the business.
Guest shark Daniel Lubetzky made a counteroffer, mostly because he thought that Maddox and his family were adorable. He wants to focus on manufacturing and operations with his offer of $40,000 for 25% equity.
This was certainly a hard choice for the 13-year-old. Two sharks for the price of one? Or a lower stake in the business overall? He tried to get Lori and Kevin to reduce their equity or raise their investment, but they stuck with their original offer.
Regardless, Maddox decided to go with Kevin and Lori’s original offer of $40,000 for a 30% stake. How has the company done since appearing on the show? Find out in our Measuring Shovel update!
Unfortunately, research for our The Measuring Shovel update turned up very little about the product. It seems that The Measuring Shovel still has not been released at the time of writing and the product may never come to fruition. It’s not available through the website, but it promises the product will be available soon.
However, with the episode airing well over two years ago, it’s not looking great for The Measuring Shovel. Hopefully, it will go on sale soon, and we can all get our gardens looking great as a result. If we get more news about a The Measuring Shovel update, we will be sure to let you know.
You can find the other company updates from Season 11 Episode 6 here:
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