What Happened to Eve Drop after Shark Tank Pitch?

What is Eve Drop?

Eve Drop is a manufacturer of permanent Christmas light hangings.

Rather of putting in a lot of effort to set up Christmas lights only to have to put in even more effort to take them down every year, Eve Drop allows them to raise and store their holiday lights beneath your house’s eaves, then simply drop them when needed without ever having to move your feet.

Who is Eve Drop’s Inventor?

Nathan Shaffer, Eve Drop’s President and Inventor, graduated from Brigham Young University with an Associate’s degree in Physical Sciences in 2003 and a Bachelor’s degree in International Business Management from Utah Valley University in 2006 before working for KHS & S Contractors for three years.

Between 2013 and 2016, he worked as an Inventor and President of Shaffarne LLC/Eve Drop, the company that gave birth to the Christmas product.

Nathan is presently working with Keller Williams Realty, Inc. as a real estate agent.

Before appearing on Shark Tank, Nathan was a family guy who enjoyed the holiday season, but it came with the onerous task of climbing a ladder to set up Christmas lights, only to do it again a few weeks later to take them down.

He spent nearly a year exploring the notion of keeping Christmas lights and displaying them in the same area throughout the holiday season.

His next move as an entrepreneur was to use the Kickstarter website to try to generate funding for his project. After failing to fulfil his funding goal on Kickstarter in 2013, he returned the following year with lower goals and a revised campaign, which resulted in success.

Eve Drop was made available to Kickstarter backers in July 2014, following a six-month delay due to his challenging production process. Nathan, on the other side, was looking for more investors, which brought him to Shark Tank.

What happened to Eve Drop During Shark Tank?

Nathan appeared on Shark Tank Season 6 Episode 12 looking for $75,000 in exchange for a 20% share in his firm. This works out to a $375,000 valuation.

He displays the goods, and the questioning begin.

Robert would want to get a close-up demonstration of how the product works. He shows how the pole may be used to move the lights without the need for a ladder.

Following that, he explains how he has just $4,500 in sales but has spent the rest of his money on molds.

He displays the box to the Sharks and informs them that each set costs $9.99.

Barbara claims her mother used to do the same thing with nails. Mark claims he is leaving because Barbara’s mother is wiser than he is.

Kevin despises Eve Drop and has made the decision to leave.

Robert Herjavec was curious about the current state of the firm. Nathan informed him that he had spent $30,000 on products and was awaiting its arrival.

In addition, the firm had $3,500 in pre-orders for Eve Drop to be stocked in twelve different retail stores as soon as the items arrived.

Robert isn’t confident in his numbers or his sales ability, so he’s out.

Barbara questions his capacity to convince and questions his judgment.

Nathan presents a compelling case for his products.

Lori felt Nathan and his firm were not ready for a substantial investment at this time, so she departed.

Barbara believes the Eve Drop system will never be a success, and with that, Barbara is out.

What Happened to Eve Drop Following Shark Tank Pitch?

Nathan saw a significant increase in sales after the episode aired: sales more than doubled. He was able to get the product into Ace Hardware, Do It Centre, and True Value retail stores for a time, but it does not appear that it sold well.

He closed the business in August of 2016 and is now a real estate agent in St. George, Utah.

What was the Eve’s Net Worth

Nathan appeared on Shark Tank Season 6 Episode 12 looking for $75,000 in exchange for a 20% share in his firm. This works out to a $375,000 valuation.

Who were the Competitors of Eve Drop?

Eve Drop did have competitors.

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Eve Drop FAQS

1. Where can they buy Eve Drop?

This business is no longer available.

2. How much was Eve Drop cost?

Eve Drop was costing $9.99.

3. What was Eve Drop?

Eve Drop is a small Christmas light storage device that uses a simple pole to raise and lower the lights for use.

4. How did Eve Drop work?

The product works by using a simple pole (up to 2 inches in diameter) to raise and lower the intricately designed storage box with the lights hanging inside. It can be used to store up to five sets of lights.

5. Who founded Eve Drop?

Nathan Shaffer, an inventor and former contractor, founded the brand name in 2013.

6. What is the current status of Eve Drop?

The product is no longer available for purchase.

7. How much was Nathan Shaffer seeking in the Sharks?

Nathan appeared on Shark Tank Season 6 Episode 12 in search of $75,000 for a 20% stake in his company. This equates to a $375,000 valuation.

8. Did Nathan Shaffer get a deal from the Sharks?

Nathan was not successful in his pitch, as the Sharks believed that his product had no value.

9. What happened to Eve Drop after the Tank?

Nathan saw a significant increase in sales after the episode aired: sales more than doubled. He was able to get the product into Ace Hardware, Do It Centre, and True Value retail stores for a time, but it does not appear that it sold well.

10. Where is Nathan Shaffer now?

He shut down the company in August of 2016 and is currently a real estate agent in St. George, Utah

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