What happened to Pearachute after Shark Tank?

Many times after Shark Tank, entrepreneurs and investors will see their partnership fail. In fact, a Forbes study found that 43% of people who got deals on the show didn’t take their offer. It’s usually hard to find a specific reason why both parties decided not to stick together, but that’s not the case with Pearachute. According to an interview with the Chicago Tribune, the deal between founder Desiree Vargas Wrigley and investor Mark Cuban was dropped well before the “Tank” episode aired in November 2017. “The conditions were terrible,” she says. “There was a lot of back-and-forth about it, which ended up not being that big of a check from his team.” Though upset by the terms, Wrigley could understand where Cuban came from as an investor. Given the company’s relative youth at the time, she understands that Cuban may have been unhappy with the terms set. Still, she sees it well, saying, “I’m really glad we didn’t take the deal because we’re worth a lot more as a company now.”

Since then, Pearachute doesn’t seem to have been particularly active in recent years, despite raising 15 investors (via Crunchbase), seeing a successful crowdfunding campaign, expanding to other cities, and worth $2 million (via Insider Growth). your facebook and Twitter Accounts haven’t been posted in a while and their website isn’t working.

https://www.looper.com/1025641/whatever-happened-to-pearachute-after-shark-tank/ What happened to Pearachute after Shark Tank?

Charles Jones

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