What Happened to The Measuring Shovel after the Shark Tank Pitch? The Measuring Shovel Shark Tank Update

What is The Measuring Shovel? Who is the Founder of The Measuring Shovel?

The Measuring Shovel is a patented gardening tool that has measurements on its blade, making it easy to measure depth and distance when planting trees and plants.

It was invented by Maddox Prichard, who first came up with the idea in fourth grade, went on to win first place in a class project, and eventually won first place and a trip to the United States Patent and Trademark Office’s National Invention Convention, winning the Household Organization and Tools Award as part of Middle Tennessee State University Invention Convention.

What Happened to The Measuring Shovel at the Shark Tank Pitch?

On Shark Tank season 11 episode 6, Maddox and Amanda, the founders of The Measuring Shovel, appeared on the show seeking $40,000 in exchange for 15% of their company, which they valued at $266,666.

They presented the product to the Sharks, showing them how it worked by having them dig a hole with it.

The company was still in its early stages and they were looking for the Sharks’ help to bring the product to market.

Robert and Mark were not interested in the idea, but Kevin O’Leary and Lori Greiner saw potential and offered $40,000 for 30% of the company.

Guest Shark Daniel Lubetzky also wanted to work with them, but asked for 25% of the business.

The entrepreneurs counter-offered with 25% shares, but Kevin refused. In the end, the entrepreneurs accepted Kevin and Lori’s offer of $40,000 for 30% of the company.

What Happened to The Measuring Shovel after the Shark Tank Pitch?

What is the Net Worth of The Measuring Shovel?

The financial information of The Measuring Shovel is not currently accessible. In Shark Tank Season 11 Episode 6, Maddox and Amanda requested $40,000 for a 15% stake in their company, which valued their company at $266,666.

They later agreed to an offer from Kevin and Lori of $40,000 for a 30% stake in the company, which decreased the company’s valuation to $133,333.

However, it is uncertain if the deal was completed and there is no publicly available information on the company’s current financial status.

Who are the Competitors of The Measuring Shovel?

There are no competitors identified for The Measuring Shovel.

The Measuring Shovel FAQS

What is The Measuring Shovel?

The Measuring Shovel is a unique measuring shovel used to plant flowers and plants.

It is an entirely different tool from a gardener’s regular shovel to dig holes and plant vegetables, particularly tomatoes.

Who founded The Measuring Shovel?

Maddox Prichard invented the Measuring Shovel.

How much were they seeking in the Shark Tank?

The Measuring Shovel sought $40,000 for a 15% stake in their company.

Did they get the deal from the Sharks?

They accepted an offer from Kevin O’Leary and Lori Greiner of $40,000 for 30% ownership.

Is The Measuring Shovel still in business?

Yes, but as of January 2022, the shovels are not for sale, as per their website.

Where is The Measuring Shovel located?

The Measuring Shovel is based in Gallatin, Tennessee

When was The Measuring Shovel aired on Shark Tank?

Their Shark Tank pitch aired on season 11, episode 6 on November 3, 2019.

Is The Measuring Shovel a patented product?

Yes, his innovation was accepted by the US Patent and Trademark Office in October 2018.

What happened to the shark tank with measuring shovels?

Lori and Kevin’s arrangement never came to fruition. Maddox, on the other hand, now has a website. The shovels are no longer on sale as of January 20, 2022.

How much is the measuring shovel cost?

Currently, a regular non-measuring shovel costs between $10 and $30 at retail, and the entrepreneur believes that the product at the higher end of that price range is always superior.