Treasure Chest Pets Update | Shark Tank Season 1
Stuffed animals are great fun all on their own, but Lisa Lloyd reimagined a better product. Her plush toy line of stuffed animals has hidden compartments inside them. Will her company earn her a deal on
Shark Tank Treasure Chest Pets Update
- Entrepreneur: Lisa Lloyd
- Business: Plush toys with hidden compartments
- Ask: $150,000 for 20% equity
- Result: $150,000 for 60%
- Shark: Barbara Corcoran and Daymond John
Lisa Lloyd entered
The sharks wanted to know about numbers. Lisa told them that the stuffed animals retailed at $19.99 each, and cost $4.75 to make. She’d also had about $100,000 in sales, with a major focus on boutique stores due to her lack of capital.
Kevin O’Leary said toys had big distribution problems, so he was the first shark to drop out. Kevin Harrington went out next because he felt the toys were too niche and seasonal.
Barbara Corcoran was the first to put an offer on the table, but stated she would only front $50,000 and would require 50% of the company. Daymond John said he’d join the offer but wanted to increase the stake even more. He offered Lisa $100,000 to go with Barbara’s $50,000, at a 60% stake.
Robert Herjavec was bothered the amount of equity that Daymond and Barbara asked for and offered Lisa a loan of $150,000 with no equity.
In the end, Lisa decided to accept Daymond and Barbara’s offer! She left
We have sad news to share in our Treasure Chest Pets update. Unfortunately, the deal with Barbara was never finalized.
While Daymond did leverage some of his equity, Treasure Chest Pets ended up going out of business due to the highly competitive market.
This will be our final Treasure Chest Pets update.
Would you like to learn about the other companies featured on Season 1 Episode 8? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 1 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!