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 FAQS
What was Earth Log?
Earth Log is a pre-made fire log consisting of wax and recycled paper. These eco-friendly fire logs are available in three sizes.
They are designed for use with open chimneys because there is no wood or charcoal to produce smoke, making them ideal for customers with allergies or respiratory concerns.
Who is Earth Log’s inventor?
Tom Sanetti from Huntington Beach, California is the entrepreneur behind Earth Log.
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 did Earth Log work?
The user just adds the logs to an open fire pit and burns them in the same manner as they would with a traditional fire log. They contain no charcoal or wood.
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.