What Happened To The Measuring Shovel After Shark Tank?
What is Measuring Shovel?
The Measuring Shovel is a patented shovel with measurements inscribed from the blade’s tip to the handle that allows you to quickly measure the depth, breadth, and distance between your holes when planting trees and plants.
The Measuring Shovel is an amazing gardening tool for anybody looking for a more convenient way to plant in their lawn.
The Shovel is clearly marked, allowing anybody to dig holes in their garden and determine the depth without the use of a measuring tape.
Gardeners’ life has been made easier since they no longer need to utilize other tools to measure the distance between plants and ensure that there is enough space.
Who is The Measuring Shovel’s Founder?
The ingenious measuring shovel was created by Maddox Prichard.
He created the one-of-a-kind measuring shovel while he was in fourth grade.
The shovel was a class project for which he received first place.
The Measuring Shovel was invented by Maddox in 2016 as part of his participation in the Middle Tennessee State University Invention Convention.
His design wowed them so much that he won first place in his grade level (5th grade).
It also earned Maddox a trip to Washington, D.C. for the inaugural National Invention Convention of the United States Patent and Trademark Office.
Maddox earned the Stanley Black & Decker Household Organization and Tools Award for the second time.
Maddox’s middle school administrator recognized the concept and encouraged him to patent it the first time he saw it.
Maddox’s parents did just that. They filed a patent application in his name.
He created the prototype for the invention is about a half-hour using a regular shovel, duct tape, a ruler, and a magic marker.
What became of the Measuring Shovel during the Shark Tank Pitch?
Maddox and Amanda went on Shark Tank season 11 episode 6 in search of $40,000 in exchange for a 15% share in their business. This corresponds to a valuation of $266,666.
They present their story and make their case before calling the Sharks onstage to dig a hole.
The firm is still in its early phases, and they would want a Shark to help them get their product to market.
A standard non-measuring shovel retails for between $10 and $30, and the entrepreneur feels that the product at the upper end of that price range is always superior.
He, on the other hand, believes that making his shovel would cost $10. He also feels that this is a little excessive.
Lori claims that, based on her observations, it shouldn’t be any more expensive to produce than a conventional shovel.
When asked whether he would consider licensing his concept, the entrepreneur says he is open to it but also wants to get into production.
To that aim, he’s seeking funding from the sharks in order to produce a mold and then construct the first 2,000 pieces.
Robert quickly leaves the arrangement, stating that he is merely disinterested in the notion and does not understand the advantages.
Mark, too, leaves, stating that he doesn’t have a green thumb and “didn’t even recognize it was a shovel” until it was pointed out to him.
Kevin seems to like the idea, noting that if the costs were the same, people would always select the Measuring Shovel.
He utilized Benjilock, a contract he signed in season nine, to demonstrate how this has occurred to him.
He then asks Lori if she wants to work on a licensing deal with him. Lori and Kevin then make a $40,000 offer in exchange for 30% ownership of the firm.
Guest shark Daniel Lubetzky seems to like the product and thinks working with the entrepreneur would be fun.
Instead of licensing, he says he’d rather help the entrepreneur grow the company, presumably on the manufacturing side. To do so, he would require a fourth of the corporation.
Mr. Wonderful refuses to engage, stating that the entrepreneur is forming a deal with two sharks, which entails giving over more of his business.
When the entrepreneur requests $50,000 in addition to the original $40,000 in return for further shares, Kevin once again declines.
Finally, the entrepreneur accepts the proposition, forming a partnership with Kevin and Lori in exchange for a 30% share in his company’s worth.
What Happened to The Measuring Shovel After Shark Tank?
Lori and Kevin’s agreement never materialized. Maddox, on the other hand, has a website now.
According to their website, as of January 2022, “the measuring shovel is now not available for sale!” We’re hoping it’ll be soon! “Please return shortly.”
What is The Measuring Shovel’s net worth?
Maddox and Amanda went on Shark Tank season 11 episode 6 in pursuit of $40,000 in exchange for a 15% share in their business. This corresponds to a valuation of $266,666.
They accepted a $40,000 offer from Kevin and Lori for a 30% interest, bringing the price to $133,333.
The current value is not provided.
Who are The Measuring Shovel’s competitors?
There are no known competitors for The Measuring Shovel.
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The Measuring Shovel FAQS
1. How does The Measuring Shovel compare to a shovel?
The shovel is made from a regular one, and it has a piece of tape along its edge.
They then measure the distance between the holes and mark that on the tape.
The measuring tape is used to determine the actual size of the holes, and they work just like a normal scoop.
2. What is The Measuring Shovel?
The Measuring Shovel is a patented shovel with measurements inscribed from the blade’s tip to the handle that allows you to quickly measure the depth, breadth, and distance between your holes when planting trees and plants.
3. Who founded The Measuring Shovel?
The Measuring Shovel was founded by Maddox Prichard.
4. How much were The Measuring Shovel seeking in the Tank?
The Measuring Shovel were looking for $40,000 in exchange of 15% of the business.
5. How long have they been around?
The Measuring Shovel were founded in 2016 and have been around since then.
6. Where do they sell?
The Measuring Shovel is sold on the product’s website.
7. Is The Measuring Shovel still in business?
According to their website, as of January 2022, “the measuring shovel is now not available for sale!” We’re hoping it’ll be soon! “Please come back soon.”
8. Where is The Measuring Shovel located?
The Measuring Shovel is based in Gallatin, Tennessee
9. When was The Measuring Shovel aired on Shark Tank?
Their Shark Tank pitch aired on season 11 episode 6 on November 3th, 2019.
10. Is The Measuring Shovel Patented Product?
Yes, his innovation was accepted by the US Patent and Trademark Office in October 2018.
