Knife sharpening mail shark tank

You're referring to the episode of Shark Tank where a company called Knife Sharpening Mail pitched their business idea!

For those who may not know, Knife Sharpening Mail is a company that offers a subscription-based service where customers can send in their dull knives to be sharpened, and then receive them back in the mail, ready to use. The company's founders, Tim and Amy, appeared on Shark Tank in Season 10, Episode 14, seeking an investment of $500,000 in exchange for 10% equity.

Here's a brief summary of the episode:

Tim and Amy presented their business idea to the Sharks, highlighting the convenience and cost-effectiveness of their service. They showed a demo of their sharpening process, which uses a proprietary machine to sharpen knives to a precise angle. The Sharks were impressed by the quality of the sharpening and the potential market size.

However, the Sharks also raised some concerns about the competition, the scalability of the business, and the potential for customers to simply take their knives to a local sharpening service instead of using the mail-in service.

After some negotiation, Tim and Amy agreed to a deal with Lori Greiner, who offered them $500,000 in exchange for 12% equity. Lori saw the potential for the business to expand into new markets and products, such as sharpening other types of tools and equipment.

In the end, Knife Sharpening Mail received the investment they were seeking, and the company has continued to grow and expand its services since then.

If you're interested in learning more about Knife Sharpening Mail or watching the full episode, you can find it on the Shark Tank website or on various streaming platforms.