Next up is Ryan Woltz of EDN WallGarden, seeking $150,000 for 10 percent equity.
Key Takeaways: EDN WallGarden on Shark Tank
- EDN WallGarden automates plant care using NASA technology.
- Ryan Woltz sought $150,000 for 10% equity.
- Sharks debated over price point; final offer declined, walked away with no deal.
Quick Company Overview
EDN WallGarden allows for anybody to have a green thumb by automating plant care.
They help change the way people grow fresh herbs, vegetables and flowers by using NASA technology and design. According to their website, they are simply “on a mission to change the way the world grows and consumes food.”
Their products include the SmallGarden ($149) and WallGarden ($499), in addition to plant care products and seeds.
The Sharks Think the Product is Too Expensive
The sharks are intrigued by the idea, however, as Kevin O’Leary points out, the product is expensive.
Robert Herjavec doesn’t share in Woltz’s passion and goes out, followed by Mark Cuban. Chris Sacca thinks it may be too technological, finding the app unnecessary. He goes out.
O’Leary offers $150,000 for 15 percent, but before accepting, Lori Greiner jumps in—liking the idea that plants could stay alive even when customers are away. She offers $150,000 for 25 percent, contingent on getting the price point down.
O’Leary then revises his offer at the same equity as Greiner. Woltz questions whether O’Leary would drop back down to 15 or 20 percent equity, which he declines.
Greiner then goes out as well, which causes Woltz to walk away without a deal.
Social Media Reacts to EDN WallGarden’s Appearance on “Shark Tank”
I love the name and how the acronym plays off Garden of Eden. #SharkTank
— Power Moves & Pumps (@powermovespumps) February 18, 2017
Interesting. The Edn Garden is soil free how organic will any herb be? Would you eat an herb that's grows in such a way? #SharkTank #startup
— iDefineTV (@iDefineTV) February 18, 2017
I grow my vegetables in 5 gallon buckets. No need to dig up the yard for a garden. #sharktank
— A_FarScape (@A_FarScape) February 18, 2017
Had a similar garden system. Actually, I won mine at work. Really nice to grow your own herbs & very user friendly.#SharkTank
— ♥️Love Effortlessly (@estJanuary23) February 18, 2017
I want an EDN wall garden… #SharkTank
— L I C I (@TaurusGirl87) February 18, 2017
Wrapping Up
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks:
- Mark Cuban, owner of the Dallas Mavericks;
- Daymond John, fashion mogul and founder of FUBU;
- Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group;
- Barbara Corcoran, real estate maven;
- Lori Greiner, queen of QVC;
- Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.
Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.
Would you try the EDN WallGarden? Sound off in the comments section below!