What Happened to Modern Christmas Tree after the Shark Tank Pitch? Modern Christmas Tree Shark Tank Update
What is Modern Christmas Tree?
The Modern Christmas Tree is a non-traditional Christmas tree that 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.
It not only folds for convenient storage but also has its own storage container. There are three sizes available: a wall-mounted tree, a table-top tree, and a full seven-and-a-half-foot tree.
Each is available in either embellished or unadorned form. Decorated trees are available in a number of colour selections for the tree rings and decorations.
The huge tree is intended to be hung from the ceiling, but it also has a stand. Prices range from $199 for a plain wall or table tree to $799 for a fully adorned seven and a half foot tree.
Who is the Founder of the modern Christmas tree?
Mr. Bliss founded the company in 2011 when his grandpa, the inventor, was diagnosed with Alzheimer’s disease.
Lawrence Stoecker invented the Modern Christmas Tree in the 1960s, and it has progressed from cardboard to today’s acrylic and glass edition, replete with an engraved signature of Lawrence Stoecker.
The tree was a tremendous sensation when Bliss displayed it at the Denver Modernism event in 2011.
Bliss patented the idea and acquired the final patent just a few days after his granddad died. His first customer was the Disneyland Hotel, which purchased 16 trees for their Christmas decorations.
They’ve also sold to Google, Red Bull, and other organizations for Christmas displays, as well as to people with more modern preferences.
Many trees are also on show at renowned mid-century design residences around the country during the holiday season.
Bliss is now continuing on his family legacy with his firm, and he commemorates his grandfather by contributing $50 to the Colorado Chapter of the Alzheimer’s Association for every tree he sells.
What Happened to Modern Christmas Tree at the Shark Tank Pitch?
Matt appeared on Shark Tank Season 9 Episode 13 in search of $100,000 for a 10% stake in his firm. This equates to a $1 million valuation.
He narrates his narrative and shows the setup. He also appears in the backdrop with his grandfather, showing the Sharks his two tattoos, one of a tree and the other of his grandfather.
Then the questions begin to fly. He’s on track to sell $380,000. Last year’s sales were $200,000, which the sharks find astounding.
He charges $799 for a fully adorned tree that costs $232 to construct.
Bliss supports the price by stating that each tree comes with a set of crystals, glass ball ornaments, energy lights, and a zipper case.
The internet accounts for 80% of sales, with the remainder coming via shops such as Brookstone and Frontgate.
Mark, the first Shark out, believes it will not be able to scale to the $10-$20 million range.
Robert thinks it’s lovely, but there’s just a little market for it, so he’s out. Kevin quickly follows because of the cost.
Lori thinks it’s lovely, but her instincts tell her to go out, so she does. Barbara is the final Shark standing. She offers $100,000 for 25% plus a $5 per tree royalty until she recoups her investment.
At that point, Kevin returns and offers the same as Barbara, but for a 20% stake (as well as the royalty).
Barbara’s percentage drops to 20%, then 19%. Matt responds with 15%, and Barbara responds with 18%. They carry out the agreement.
What Happened to Modern Christmas Tree after the Shark Tank Pitch?
Barbara’s deal was completed. Sales increased by 300 percent in the time after the initial air date. Matt created undecorated trees as well as smaller, less costly variants.
They are still in business and the company’s yearly revenue is expected to be around $500,000 by June 2021.
What is the Net Worth of Modern Christmas Tree?
Matt appeared on Shark Tank Season 9 Episode 13 in search of $100,000 for a 10% stake in his firm. This equates to a $1 million valuation.
He accepted an offer from Barbara of $100,000 for 18% stake in the business thus a valuation of $555,555.55.
The current valuation is expected to higher since the Company has grown.
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.
