Hargitt Marine Services Shark Tank Update| What Happened to Hargitt Marine Services after the Shark Tank Pitch?
What is Hargitt Marine Services?
Mark Hargitt, the founder of Hargitt Maritime Services, is passionate about marine towing, diving, and treasure seeking.
He has a romanticized view of lost riches and considers himself an amateur naval historian. He found a shipwreck in Alaska and wants to profit from it, but needs additional funding to finish the project.
Who is the Founder of Hargitt Marine Services?
Hargitt, an experienced treasure hunter with a track record of successfully finding valuable items from the depths of the ocean, believes he has located a significant treasure and requires funding from investors, known as “shark funding,” to retrieve it from the bottom of the ocean and reap the rewards.
What Happen to Hargitt Marine Services at the Shark Tank Pitch?
On Shark Tank Season 5 episode 29, Hargitt presents his proposal for a $250,000 investment in exchange for a 25% stake in his firm, which he values at $1 million.
Mark, an amateur nautical historian, states that he estimates the wholesale worth of the ore at $2.5 million, providing he is able to collect it all, there is no waste, and he has the necessary equipment.
Robert inquires as to how Mark arrived at this assessment, and Kevin inquires as to if Mark is the only one who is aware of the wreckage’s coordinates.
Hargitt has obtained salvage rights from the State of Alaska and believes that with the correct equipment and team, he could remove the entire disaster in a week or two.
Mark Cuban, Daymond John, Robert Herjavec, and Barbara Corcoran all express their concerns about the level of risk involved in the venture and ultimately decide not to invest.
Kevin O’Leary finds the story intriguing but also sees an excessive amount of risk and decides not to invest.
What Happened to Hargitt Marine Services after the Shark Tank Pitch?
It seems that Hargitt has a very limited online presence and there is no information available about a rescued ship or a website for Hargitt Marine.
It appears that the salvage mission may have been unsuccessful due to a lack of a contract with Shark. If the ship was successfully salvaged, it was likely done so discreetly and without any public announcement.
It is more likely that the ship remains at the bottom of the ocean, guarded by real sharks.
As of December 2021, Hargitt is still active in the business of clearing derelict vessels, cleaning beaches, and conducting undersea investigations.
What is Net Worth of Hargitt Marine Services?
Hargitt is seeking a $250,000 investment in exchange for a 25% stake in the company, which values the company at $1 million, during Shark Tank season 5 episode 29.
Who are the Competitors of Hargitt Marine Services?
Mariposa shipwreck is a company that competes with Hargitt Marine Services.
Hargitt Marine Services FAQS
What is Hargitt Marine Services?
Hargitt is a marine services firm that specializes in marine towing, diving, and treasure seeking.
Who is the Founder of Hargitt Marine Services?
Hargitt maritime services was founded by Mark Hargitt.
How much was he seeking in the Shark Tank Pitch?
Hargitt enters Shark Tank season 5 episode 29 seeking a $250,000 investment in exchange for a 25% stake in the firm.
Did he get the deal from the Sharks?
No, Hargitt did not received a Shark Deal.
How much was his property worth that he wanted to raise from the Shark Tank?
Hargitt entered Shark Tank to raise $2.5 million from his salvage mission.
What episode was Hargitt Marine Services?
Hargitt enters Sharks Tank season 5 episode 29.
Who are some of the competitors of Hargitt Marine Services?
Mariposa shipwreck is a company that competes with Hargitt Marine Services.
Is Hargitt Marine Services still in business?
Hargitt is still in the business of “derelict vessel clearance, beach clean-up, and undersea investigation” as of December 2021.
When was Hargitt Marine Services featured on Shark Tank?
Hargitt entered Shark Tank on May 9th, 2014.
Where is Mark Hargitt from?
Hargitt is located in Anacortes, Washington, United States.
How can they contact Hargitt Marine Services?
They is no social media presence for Hargitt Marine Services.
Is Hargitt Marine Services has Salvage rights?
They are in possession of salvage rights from State of Alaska.
What does Hargitt Marine Services do?
Hargitt Marine Services is a salvage company that retrieves valuables from shipwrecks.
While this is a tall ambition, creator Mark Hargitt has always had a romanticized view of lost riches and is a self-described amateur naval historian.
Mark spent years working in the broader salvage business prior to launching the company.
What is the net worth of Mark Hargitt?
Mark Hargitt’s net worth is unavailable.
How can they contact Mark Hargitt?
Mark Hargitt is available on Facebook.
