BoxBlayde is a rechargeable box cutter designed for workplace cutting tasks. Founder Rob Wright valued the company at $4 million but the gap between his expectations and the Sharks’ offers proved too wide.
What Is BoxBlayde?
BoxBlayde is a rechargeable box cutter designed for professional and commercial use. The product improves on traditional box cutters with a rechargeable battery-powered cutting mechanism.
The Shark Tank Pitch
Rob Wright sought $200,000 for 5% equity, valuing the company at $4 million.
The Deal
No deal. Wright refused to give away too much equity or agree to high royalty terms, while the Sharks were not willing to lower their requirements given the investment risk.