This week Shark Tank embraced the holiday spirit with its new episode titled, "Winter Wonderland." The set was turned into a snowy wonderland with snow falling on the sharks, fuzzy coats, and twinkling lights. Entrepreneurs pitched holiday-themed products capturing the warmth of the festive atmosphere.
A new episode of Shark Tank went live on Dec 13, 2024, welcoming the OGs, Mark Cuban, Kevin O'Leary, Lori Greiner, Daymond John, and Robert Herjavec. After delaying the holiday special episode, the sharks got back on the stage to try and lock deals they found best. Each shark brought their own set of expertise and experience to evaluate each pitch and shake hands with the best entrepreneurs.
Four business owners presented their heartfelt stories and their products before the sharks, wishing their Christmas wish to come true.
This episode's official synopsis read,
"The Tank is transformed into a winter wonderland, and entrepreneurs present Sharks with business opportunities that celebrate the magic of the holiday season."
Shark Tank Season 16 Episode 7 Recap
Products and asks featured in Episode 7
Four entrepreneurs pitched their products on Shark Tank. Sanya Richards-Ross and Aaron Ross made an ask for $100,000 in exchange for 10% of their company, Coordinates. Theirs is a stylist, matching pajamas and loungewear brand.
Next was the Gnome Advent Calendar's founder, Jenna Hess, who sought $45,000 in exchange for 10% of her company. As the name suggests, the company sells Advent calendars that reveal unique, handmade gnomes for different festivals across the year.
Then Jake Piekarski and Philip Loveland, founders of Snow Scholars, entered the stage. They made an ask for $75K for a 10% stake in their company. They hire college students to help homeowners shovel snow from their housefronts.
The last pitch of the day was made by Wildcoat, founded by Carlo from Boulder, Colorado. He made an ask for a $350,000 investment in return for 10% equity in his company that makes fuzzy, fun, novelty ski jackets.
Deals locked on Episode 7
Coordinates
Robert was impressed with the Coordinates product and offered $100,000 for 25% of the company, countering their original ask of a 10% stake for $100,000. As soon as the founders countered this offer with a 20% stake, Daymond too showed interest in the deal. However, the founders decided to go with Robert and locked the deal.
Snow Scholars
Snow Scholars' owners were also able to impress the sharks. Shark Tank OG Kevin was the first one to make an offer of $75,000 for 20% shares in the company, and Daymond decided to match this offer. (original ask: $75,000 for 10%). While the other sharks decided not to invest in the business, Mark completely changed the atmosphere in the blink of an eye when he offered $150,000 for 20%, and the founders immediately sealed the deal.
Wildcoat
While some panelists on the Shark Tank decided to offer just advice, Daymond really wanted to get a deal. He made an offer of $350,000 for 30% stakes in the company. The original ask was for $350,000 in exchange for 10% stakes. Robert also stepped in and made an offer of $350,000 for 25% shares in the company.
The two sharks shared pitching their own expertise, but eventually, Carlo made a counter for 15% stakes. However, none of the judges wanted to bargain. Carlo even offered 20% and then 23%. This is when both sharks agreed. After a lot of to-and-fro, Carlo decided to shake hands with Robert.
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Coordinates, Snow Scholar, and Wildcoat sealed deals with the sharks on Shark Tank Season 16 Episode 7.
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