Prepdeck Shark Tank Net Worth-What Happen To Prepdeck After To Shark Tank
What is Prepdeck Shark Tank Net Worth?
Prepdeck is worth an estimated $10 million and Alexander Eburne’s net worth is estimated to be around $100,000.
The company appeared on Season 13 Episode 16 of Shark Tank USA, where they asked for $750,000 in exchange for 7.5% equity (an estimated $10 million valuation).
Unfortunately, none of the sharks made a deal with Prepdeck. Despite not securing a deal, the company is still in business and has an estimated net worth of approximately $10 million.
Prepdeck is a kitchen all-in-one system service that was founded by Alexander Eburne in 2018. After launching a successful crowdfunding campaign on IndieGoGo, Prepdeck has grown to become a popular brand with over 150,000+ homes associated with it.
The company has done $16 million in lifetime sales and has grown over 100% over the last 36 months.
Prepdeck is a company founded by Alexander Eburne that manufactures and sells kitchen appliances and accessories.
After appearing on Shark Tank in March 2022, Prepdeck experienced a huge growth in their sales rate which has helped them to grow the brand.
Since then, they have released new products such as container sets, and prepping tools and designed a mini version of the Prepdeck. The company is now looking to raise more money on WeFunder at a $17 million valuation.
What Is A Prepdeck? Who Is The Founder Of Prepdeck?
Prepdeck is a meal preparation system that helps home cooks organize and streamline their cooking process. It is designed to contain the mess and account for most of the utensils and containers needed while meal prepping.
The Prepdeck comes with over 45 features and accessories to help prepare, measure, and store ingredients. It includes a cutting board, containers, graters, slicers, zesters, juicers, peelers, measuring cups and spoons, and more.
The Prepdeck is loved by over 150,000 home cooks who appreciate the organizational tools that make it easy to follow recipes with ease. The goal of the Prepdeck is to cut cooking clean-up time in half by bringing chef-approved mise en place techniques to the home cook so they can prep ahead and stay organized.
To use the Prepdeck, simply unfold it to reveal all of its features. The cutting board is a key feature of the Prepdeck. It folds out from a large rectangular block that contains all sorts of goodies.
The containers are designed to fit perfectly into the cutting board’s grooves so that ingredients can be easily measured and stored. The Prepdeck also has a big flat surface that works as a cutting board.
In summary, Prepdeck is an all-in-one meal preparation system that helps home cooks organize their cooking process by providing them with over 45 features and accessories such as containers, graters, slicers, zesters, juicers, peelers, etc.
It aims at making the food prep experience more streamlined and organized by containing the mess and accounting for most of the utensils needed while meal prepping.
Alexander Eburne is the founder of Prepdeck, a meal-prepping solution business that helps in cooking any kind of meal while keeping one’s kitchen organized. Eburne invented Prepdeck because he loves to cook but cannot clean up the mess he creates while cooking.
After a year of hard work and sleepless nights, he launched Prepdeck on Indiegogo where he was blown away by the response. By the end of the campaign, Prepdeck raised way over his initial goal of 5,000 plus backers. He started an Indiegogo campaign and raised over $800,000 for Prepdeck.
Eburne was previously CEO of Harbour Outdoor for two years and CEO of EcoSmart Fire for another six years.
He is also a startup and growth advisor. The basic model of PrepDeck costs $99 and comes with 45 useful kitchen accessories such as measuring spoons and cups, lemon zester, grater, herb stripper, garlic crusher, etc. Interested buyers can buy the product from the company’s website or Amazon.
What Happen To Prepdeck At The Shark Tank?
Prepdeck appeared on Season 13, Episode 16 of Shark Tank in March 2022. The founder, Alexander Eburne, asked for $750,000 in exchange for 7.5% equity in his company (an estimated $10 million valuation).
He explained his product to the shark. Barbara expressed her fondness for cooking but mentioned that she prefers not to use plastic chopping boards. As a result, she decided to opt out of the opportunity.
Kevin proposed a loan of $750,000 with a 9.5% interest rate for 36 months, in exchange for 5% ownership of the company, as well as his full support as a chef.
However, Daniel didn’t comprehend the nature of the business, so he declined the offer. Mark shared a similar viewpoint and decided to pass on the opportunity. Lori, on the other hand, wasn’t comfortable with the company’s valuation, so she opted out as well.
Despite the setbacks, Kevin continued to pitch his “chef Wonderful” persona. Alexander then countered with an offer of $750,000 at a 9% interest rate with interest-only payments for three years. However, Kevin refused the offer, and Alexander ultimately declined Kevin’s proposal.
What Happen To Prepdeck After The Shark Tank?
Prepdeck is a kitchen all-in-one system service that appeared on Shark Tank Season 13 Episode 16. The founder, Alexander Eburne, asked for $750,000 in exchange for 7.5% equity in his company but did not get a deal.
However, Prepdeck had great success after Shark Tank and became known throughout the United States. Due to the show, there was a huge growth in their sales rate which helped them to grow the brand in the coming time.
Since appearing on Shark Tank, Prepdeck has released a few more products such as soup cube devices, cooking utensils, non-stick cooking sheet organizers, container sets, and prepping tools. Prepdeck’s founder Alexander Eburne has a net worth of $7 Million as of 2022.
In conclusion, although Prepdeck did not get a deal on Shark Tank, it had great success after the show and introduced new products. Its founder also has an impressive net worth as of 2022.
Is Prepdeck Still In Business?
Yes, Prepdeck is still in business. After appearing on Shark Tank in 2021, the company received an influx of funding and interest from investors.
Since then, they have released a few more products such as container sets, prepping tools, and a mini version of the Prepdeck.
The company is now available online on its website or on Amazon, and its products range between $40 to $269. They have also shipped out over 150,000+ units to homes across the United States.