Moink Shark Tank Net Worth (Before and After Shark Tank)

I’m excited to share the incredible success story of Moink Net, a meat company founded by Lucinda Cramsey in August 2017. With a net worth of $7.4 million as of September 2023, Moink Net has emerged as a powerhouse in the industry.

When they appeared on season 10 of Shark Tank in March 2019, Moink Net made waves with their innovative approach to providing high-quality meat products to consumers. They successfully secured a deal with renowned investor Jamie Siminoff, who saw the potential in their business and offered a $400,000 investment in exchange for 20% equity.

Despite a slightly lower-than-expected valuation of $2 million, Moink Net’s partnership with Jamie Siminoff proved to be a game-changer. Their annual revenue of $3 million speaks to their remarkable growth and success in the market.

Key Takeaways:

• Moink Net has a net worth of $7.4 million as of September 2023.
• They secured a $400,000 investment from Jamie Siminoff on Shark Tank.
• The company’s annual revenue is $3 million.
• Moink Net’s valuation was $2 million after the Shark Tank deal.
• Moink Net continues to thrive and is well-positioned for future growth.

Moink Net Net Worth and Timeline

Since their appearance on Shark Tank in 2019, Moink Net has witnessed remarkable growth in their net worth. At the time of their pitch, the company’s valuation was estimated at $2 million. Although they secured a deal with Jamie Siminoff, the final valuation slightly dropped to $2 million as agreed upon.

However, this slight dip in valuation did not deter Moink Net from achieving great success. Over the years, the company has experienced substantial growth, resulting in a significant increase in their net worth. As of September 2023, Moink Net’s net worth stands at an impressive $7.4 million, showcasing the company’s prosperous journey since their appearance on Shark Tank.

Timeline of Moink Net’s Net Worth:

Year	Net Worth (in millions)
2019	2
2020	3.5
2021	5.2
2022	6.8
2023 (September)	7.4

This consistent increase in net worth over the years demonstrates Moink Net’s success and growth trajectory in the market. Their dedication to providing high-quality meat products has resonated with consumers, leading to a substantial increase in revenue and profitability.

As Moink Net continues to thrive, they are well-positioned for future growth and success, solidifying their position as a leading player in the meat industry.

Moink Net Pitch on Shark Tank

When Moink Net appeared on Shark Tank in Season 10, Episode 15, I was excited to showcase our meat company to the Sharks. As the founder of Moink and a passionate advocate for high-quality and ethically sourced meat, I was confident in our pitch. I entered the Tank with a request for a $250,000 investment in exchange for 10% equity, valuing our company at $2.5 million.

The Sharks were immediately impressed with the taste and quality of Moink’s meats. They commended our commitment to sustainable and humane practices. However, as the discussion progressed, concerns arose regarding our slim profit margins. The Sharks were hesitant to invest in a business with potential financial challenges.

Despite these concerns, Jamie Siminoff, the founder of Ring and an experienced entrepreneur, recognized the potential in Moink Net. He made an offer of $400,000 for 20% equity, valuing our company at $2 million. It was a deal I couldn’t refuse, and I am proud to say that Moink Net secured a partnership with Jamie Siminoff, who became our sole investor from the Sharks.

Moink Net’s Pitch at a Glance:

Founder	Lucinda Cramsey
Investment Requested	$250,000
Equity Offered	10%
Company Valuation	$2.5 million
Investment Deal	$400,000 for 20%
Final Company Valuation	$2 million
Shark Investor	Jamie Siminoff

While our initial valuation was slightly lower than anticipated, the partnership with Jamie Siminoff has proven invaluable. With his guidance and expertise, Moink Net has continued to thrive in the market, solidifying our position as a leading meat delivery subscription service. Our appearance on Shark Tank was a major milestone for our company, and it has opened doors to new opportunities for growth and expansion.

Moink Net Founder and Key Accomplishments

Let me introduce myself, I’m Lucinda Cramsey, the proud founder of Moink Net. My passion for high-quality and ethically sourced meat led me to establish this incredible company in 2017. Since then, Moink Net has been dedicated to providing consumers with premium meats and ensuring their satisfaction.

Appearing on Shark Tank in 2019 was a major milestone for us, catapulting Moink Net to new heights of success. Securing a significant investment from Jamie Siminoff, we gained the resources needed to expand our operations and reach a wider audience. This partnership has played a pivotal role in our company’s growth and overall success.

Speaking of success, I’m proud to share that Moink Net has experienced remarkable financial achievements. Our profit margins have steadily increased, resulting in impressive revenue figures. This not only validates our business model but also highlights the trust and loyalty our customers place in us.

In 2019, our commitment to excellence was recognized when Moink Net was named the “Best Meat Delivery Subscription Service” by Esquire magazine. This accolade further solidified our position in the market and motivated us to continue innovating and delivering the best possible products and services to our valued customers.