What Happened to Modern Christmas Tree after the Shark Tank Pitch? Modern Christmas Tree Shark Tank Update
What is Modern Christmas Tree? Who is the Founder of the modern Christmas tree?
The Modern Christmas Tree is a non-traditional, metal Christmas tree that can be purchased in various sizes and with various levels of decoration.
It is designed for convenience, with ornament-holding rings built in and the ability to fold for storage. The tree was invented in the 1960s by Lawrence Stoecker and has been updated to include acrylic and glass editions.
The company was founded in 2011 by Mr. Bliss, whose grandfather, Lawrence Stoecker, was the inventor of the tree.
The company has sold the tree to organizations such as Disneyland Hotel, Google and Red Bull for Christmas displays, as well as to individuals with modern tastes.
A portion of the proceeds from each tree sold is donated to the Colorado Chapter of the Alzheimer’s Association in honor of the inventor.
What Happened to Modern Christmas Tree at the Shark Tank Pitch?
On Shark Tank Season 9 Episode 13, Matt, the founder of the Modern Christmas Tree company, pitched his business to the Sharks in hopes of receiving $100,000 for a 10% stake in his company, which equated to a $1 million valuation.
He shared his sales figures and explained that the trees, which cost $232 to make, are sold for $799 and come with a set of crystals, glass ball ornaments, energy lights, and a zipper case.
The majority of sales come from the internet, with the remainder coming from stores such as Brookstone and Frontgate.
The Sharks had mixed reactions to the business, with some praising its design but questioning its scalability. Barbara ultimately made an offer of $100,000 for 25% plus a $5 per tree royalty until her investment is recouped.
Kevin later returned with the same offer but for a 20% stake, and Matt ultimately agreed to the deal with Barbara at 18%.
What Happened to Modern Christmas Tree after the Shark Tank Pitch?
After appearing on Shark Tank, the Modern Christmas Tree company closed a deal with Barbara and saw a significant increase in sales, rising by 300%.
Following the show, Matt expanded the company’s offerings to include undecorated trees as well as smaller and more affordable options. The company is still active and its yearly revenue is projected to reach $500,000 by June 2021.
What is the Net Worth of Modern Christmas Tree?
The net worth of the Modern Christmas Tree company is not publicly disclosed. However, during Matt’s appearance on Shark Tank Season 9 Episode 13, he sought $100,000 for a 10% stake in his firm, which would have valued the company at $1 million.
He ultimately accepted an offer from Barbara for $100,000 for an 18% stake in the business, which valued the company at $555,555.55. It is likely that the company’s current valuation is higher as it has continued to grow since that time.
Who are the Competitors of Modern Christmas Tree?
There are no competitors identified for Modern Christmas Tree?
Modern Christmas Tree FAQS
What is Modern Christmas Tree?
Modern Christmas Tree is a tall metal tree with rings that are used to hang ornaments. It is a non-traditional Christmas tree as it may be purchased instead of a live or artificial tree.
It’s a 7.5-foot-tall metal tower with ornament-holding rings built in.
Who founded Modern Christmas Tree?
Matt Bliss founded Modern Christmas Tree in 2011. He was inspired to do so by when his granddad, the inventor, was diagnosed with Alzheimer’s disease.
Where are Modern Christmas Trees made?
They are made in the USA from a Colorado warehouse by a Colorado-based company.
How much does one cost?
Prices range from $199 for a plain wall or table tree to $799 for a fully adorned seven and a half foot tree.
How much was he seeking in the Shark Tank?
He was seeking $100,000 for a 10% stake in his firm.
How much did he get?
He accepted an offer from Barbara of $100,000 for 18% equity in the Company.
When was Modern Christmas Trees aired on Shark Tank?
Modern Christmas Trees aired on the Shark Tank on December 3rd, 2017.
What materials are used to make modern Christmas Trees?
Most modern trees are composed of polyvinyl chloride (PVC), although many other types of trees, such as aluminium Christmas trees and fibre-optic lit Christmas trees, have been and are available.
Do they ship internationally?
Their trees have really been exported all over the world.
To check the shipping cost, add their chosen products to their basket, enter their billing/shipping information, and the pricing will update to reflect their International Economy shipping rate.
Tariffs and taxes are computed by FedEx when their goods arrives in their nation and are based on the buyer’s reputation.
Do they offer wholesale pricing?
Yes, wholesale pricing is affected by volume and inventory. For a quote, please contact Matt Bliss at [email protected]modernchristmastrees.com.
Can they use their own ornaments?
Yes, for the Classic 7.5 feet tree, the Soaring 10 feet tree, and the Wall Tree! They can hang their own ornaments thanks to pre-drilled holes.
Is the tree child and pet friendly?
But it all depends on their child or pet. There are several photographs in our galleries of families and dogs safely enjoying Modern Christmas Trees.
Do they sell the trees on their own?
Yes, customers may order an unadorned Classic 7.5-foot, Soaring 10-foot, or Wall tree.
Each tree comes with a zipped container for storage as well as an LED light so that they may have the same whimsical lighting effect on their walls and ceiling.
How long does shipping usually take?
Orders ordered Monday through Thursday are normally sent by FedEx Ground within 48 hours.
Orders placed on Fridays and weekends are sent the following Monday.
Demand, FedEx delivery times, and their location all influence delivery timeframes.
Are their products under warranty?
The LED lights are covered by a 2-year guarantee. The mirror ball rotator is covered by a one-year guarantee.
Replacement rings may be obtained if the tree is damaged after their order is received.
What is the net worth of Matt Bliss?
Matt Bliss’s net worth is unavailable.