Earth Log Shark Tank Net Worth 2023
Tom appeared on Shark Tank Season 6 Episode 10 in search of $160,000 for a 20% stake in Earth Log, which would equate to an $800,000 valuation (Earth Log Net Worth). Unfortunately, the current net worth of Earth Log is not available since the business went bankrupt in 2018.
What is Earth Log?
EarthLog is a fire log made from a blend of recycled paper and wax that comes pre-made and available in three different sizes. These eco-friendly logs burn hotter than traditional firewood, resulting in less smoke emission, which is beneficial for people with allergies or respiratory issues. Additionally, the ash produced by EarthLog is easy to remove.
Who founded EarthLog?
Tom Sanetti is the founder of EarthLog and currently resides in Huntington Beach, California. He attended Cypress College and has worked as a managing partner at High in the Desert and a vice president at Eagle American Investments LLC during the early 2000s. He currently serves as the CEO of American Green Products.
Sanetti came up with the idea for EarthLog when he was trying to find a way to burn his piles of junk mail. He mixed scrap paper with scrap candle wax to create fire logs for personal use and to share with friends.
Eventually, he started selling EarthLog as a way to reduce the environmental impact of junk mail and to create an American-made product.
In addition to their current product offerings, EarthLog plans to expand their offerings to include new products such as a citronella log to repel bugs.
What Happened to Earth Log at the Shark Tank Pitch?
During his appearance on Shark Tank, Tom Sanetti, the founder of Earth Log, requested $160,000 in exchange for a 20% stake in his company, which valued the company at $800,000. He showcased his fire logs made entirely of recyclable materials and discussed his plans to expand manufacturing and fulfill orders from major retailers like Costco and Albertsons.
However, the Sharks expressed concerns about the product’s commodity nature and the effort required to turn it into a successful business. Mark Cuban ultimately decided not to invest, and Nick and Mark also expressed disinterest in developing a brand for Earth Log, as it would require a significant amount of work.
Daymond agreed with their sentiment and also chose not to invest. Mr. Wonderful shared a personal story and then exited the conversation.
Lori was the only remaining Shark and compared Earth Log to a previous successful investment she made called “Screen In,” which was able to increase sales to $1 million within a year with her investment. She expressed her interest in Earth Log but made a reasonable offer only given the effort required to bring the company to a point where it can produce enough goods to sell to major retailers.
After the show, Sanetti created a video to update interested parties on the company’s progress. EarthLog was able to develop and establish relationships with major shops such as TJ Maxx, Marshalls, and Home Goods. However, Lori’s agreement fell through, and the company went out of business in 2018.
As of 2023, Earth Log’s official Facebook page is still up, but it hasn’t been updated since August 2018. Their Twitter account has also been abandoned, and their Instagram account has been taken down, resulting in the company having no social media presence.
Tom Sanetti remains the CEO of American Green Products, which is still active, according to his LinkedIn profile. It is uncertain whether Earthlog will make a comeback anytime soon as it has been four years since the website went down.
Earth Log Net Worth
Tom appeared on Shark Tank Season 6 Episode 10 in search of $160,000 for a 20% stake in Earth Log. This equates to an $800,000 valuation( Earth Log Net Worth). The current net worth is not available as the firm went bankrupt in 2018.
Earth Log Competitors
Duraflame XtraTime Firelog and Kingsford Charcoal are some of the products that are alternatives to Earth Log.
Earth Log Shark Tank Updates
EarthLog is a company that produces scented fireplace logs made from 100% recycled materials. The logs are made from clean waste paper and scrap candle wax, and they burn longer and hotter than traditional logs while also smelling better.
The company was founded by Tom Sanetti, who appeared on Shark Tank in November 2014. On the show, Sanetti made a deal with Lori Greiner for $160,000 in exchange for 35% equity.
However, the deal fell through after the show, and Sanetti decided to keep making EarthLog in the US instead of outsourcing production to China.
Despite the failed deal, EarthLog has grown and made several deals with big retailers such as Walmart, TJ Maxx, Marshalls, Home Goods, and Home Depot.
The company has also expanded its product line to include a citronella log to keep bugs away. As of 2023, EarthLog is still in business and continues to sell its scented fireplace logs made from recycled materials.
Earth Log Shark Tank Summary:
| CATEGORY | INFORMATION |
| Founder | Tom Sanetti |
| Product | Fire logs made from a blend of recycled paper and wax |
| Benefits | Burns hotter than traditional firewood, emits less smoke, and produces ash that is easy to remove |
| Shark Tank Appearance | Season 6 Episode 10; requested $160,000 for a 20% stake |
| Valuation | $800,000 |
| Shark Tank Outcome | No deal with Sharks; Lori Greiner’s offer fell through |
| Business Status (as of 2023) | Bankrupt since 2018; no social media presence |
| Competitors | Duraflame XtraTime Firelog and Kingsford Charcoal |
Earth Log FAQS
What Is Earth Log And How Does It Work?
Earth Log is a type of fire log made from a blend of recycled paper and wax. The logs are designed to be an eco-friendly alternative to traditional firewood, as they burn hotter and produce less smoke.
The logs are available in three different sizes and are designed for use with open chimneys. Earth Logs are made from post-consumer materials, such as scrap candle wax and recycled paper, which help to reduce waste. The production process is also closed-looped and zero-waste, which further reduces waste.
According to customer reviews, Earth Logs burn completely like other fire logs, but they leave more ash to clean up. The logs are also scented, which adds an extra element to the fire experience.
Earth Logs were pitched on Shark Tank by Tom Sanetti, who invented the logs after learning about the many uses for recycled tires.
Although the deal with Lori Greiner fell through, the company has seen a significant increase in sales since appearing on the show.
Overall, Earth Logs are an eco-friendly and convenient alternative to traditional firewood that can help reduce waste and promote responsible consumption and production.
Who is Earth Log’s inventor?
Tom Sanetti from Huntington Beach, California is the entrepreneur behind Earth Log.
What Was The Outcome Of Earth Log Shark Tank Pitch?
Tom Sanetti appeared on Shark Tank Season 6 Episode 10 to pitch his company Earth-Log, which manufactures fire logs made of 100% recycled resources.
The logs burn up to three times hotter, produce 80% less smoke, and smell great. Sanetti was seeking $160,000 for 20% equity in his company. Lori Greiner made an offer of $160,000 for 35% equity, which Sanetti accepted.
After appearing on Shark Tank, Earth-Log saw a huge increase in sales and was made available at various retailers, including Walmart, TJ Maxx, Home Goods, and Home Depot.
However, the deal with Lori Greiner fell through, and the company went out of business in 2018. The current net worth of Earth-Log is not available since the business went bankrupt.
In summary, Earth-Log received an investment of $160,000 for 35% equity from Lori Greiner on Shark Tank. The company saw a significant increase in sales and was made available at various retailers. However, the company went out of business in 2018, and its current net worth is not available.
What Happened To Earth Log After The Appearance On Shark Tank?
Tom Sanetti, the inventor of EarthLog, appeared on Shark Tank in November 2014 and made a deal with Lori Greiner for $160,000 in exchange for 35% equity.
However, the deal fell through, and the company went out of business in 2018. Despite this setback, EarthLog continued to grow and made several deals with big retailers, including TJ Maxx, Marshalls, and Home Goods. The company also introduced new products, such as the citronella log.
In a video update after Shark Tank, Sanetti stated that he wanted to keep making EarthLog in the US, not in China, which was against the principles of why he started the business.
EarthLog was made of clean waste paper and scrap candle wax, making it not only good for the environment but also smelling good. The company had a valuation of about $800,000 at the time of the Shark Tank appearance.
Although the Shark Tank deal did not work out, EarthLog continued to be successful and was sold on online shopping websites like Amazon, Walmart, and Home Depot. However, the company eventually went out of business in 2018.
How much was she seeking in the Shark Tank?
Tom appeared on Shark Tank Season 6 Episode 10, seeking $160,000 for 20% of his company, which equals to an $800,000 valuation.
Did he get the deal?
Tom accepts Lori Greiner’s offer for a 35% stake in Earth Log for $160,000.
What was Earth Log made of?
Earth Log is a re-made fire log consisting of wax and recycled paper.Connect Now
What happened to Earth Log after Shark Tank?
Lori’s agreement fell through, and the company went out of business in 2018.
Where can they buy Earth Log?
The product has been discontinued.
When was Earth Log featured on Shark Tank?
Tom appears on Shark Tank Season 6 Episode 10 on November 21st, 2014.
How much was Earth Log?
A case of six Earth Logs was approximately $22.
What is the net worth of Tom Sanetti?
Tom Sanetti’s net worth is unavailable.
Where was Earth Log sold?
Earth Log was purchased from a number of retailers, including Walmart, Home Depot, and even Amazon.