Shark Tank Outer Update Entrepreneurs: Terry Lin and Jiake Liu Business: Comfortable, eco-friendly outdoor furniture Ask: $750,000 for 4% equity Result: $750,000 loan at 3% interest and 5% equity, plus a $30/unit royalty until $1 million is paid back Shark: Lori Greiner Terry and Jiake brought Outer to Shark Tank Season 11 Episode 9. As seen on Shark Tank Outer is the world's most comfortable, durable, and innovative outdoor sofa. Best-In-Class Limited Warranties Every Outer product comes with an industry-leading promise to weather years of memories. 0% Financing Get the outdoor furniture you deserve with simple monthly payments and no hidden fees. Free Design Services
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Outer is an outdoor furniture company founded by Terry Lin & Jiake Liu. They both appeared on Shark Tank Season 11 Episode 8 and asked the sharks for $750,000 for 4% equity at $18.7 Million Valuation. This company offers outdoor furniture that is comfortable as well as sustainable. By Christy Rae Ammons / Aug. 29, 2023 7:45 am EST Jiake Liu and Terry Lin brought their company, Outer, onto "Shark Tank" in 2019. The pair had come together two years prior when Liu randomly reached out to Lin on LinkedIn. Outer at Shark Tank Jiake and Terry entered the Tank seeking $ 750,000 for 4% equity. They immediately impressed the Sharks with their numbers, making $ 800,000 in just four months. However, the Sharks did question the valuation of the company. Outer on Shark Tank Jiake Liu and Terry Lin were on Season 11 of Shark Tank to pitch their company, Outer. They were seeking $750,000 for a 4% stake in their company. They explained.
Outer What Happened After Shark Tank SharkTankWiki
Kevin and Lori's Intense Showdown Over Outer's Outdoor Furniture | Shark Tank US | Shark Tank Global - YouTube © 2023 Google LLC Jiake Liu And Terry Lin are seeking $750,000 for a 4%. According to Jiake: "Outer is a venture-backed startup based in Santa Monica on a mission to inspire happier, healthier and more fulfilling lives through innovative outdoor furniture and lifestyle products." The two men started the business in 2017 with the idea of re-inventing both outdoor furniture and they way it is sold. Outer | Premium Outdoor Furniture Up to 15% Off Sitewide Kick off 2024 with up to 15% off Outer's bestsellers and turn your outdoor space into the ultimate year round escape for endless gatherings. Shop Now Free Design Consultations Industry Leading Warranties 0% Financing Ship in Spring Free Design Services Shop by Category New Up to 15% Off Outer Shark Tank Tale Shark Tank Pitch Recap In Season 11 Episode 8 , Jiake Liu and Terry Lin appeared on Shark Tank seeking $750,000 for 4% of their outdoor patio furniture, Outer. : Finds the valuation to be ridiculous. Out : Is used to seeing massive valuations and has overpaid for things she believes can be world changing.
Outer What Happened After Shark Tank SharkTankWiki
Outer has designed stylish bamboo sofas and couches with comfortable cushions and padding. At first sight, you can't tell if an Outer sofa is supposed to go inside the lounge or study or made for patios and gardens. What makes Outer sofas perfect for the outdoor setting is its patented-pending "outer" cover. Outer Shark Tank episode 8 of season 11 was aired on November 17, 2019. Jiake Liu and Terry Lin, the owners of Outer, pitched their company that day. They were seeking a $750,000 investment for a 4% stake by explaining the unique features of their products, say, durability and extra comfort.
by Kristen August 7, 2020 Outer, an innovative outdoor furniture company stepped on to the Shark Tank stage and definitely impressed their sharks. One of which, Lori Greiner, offered $750K as a loan for 5% equity and a royalty deal. (according to business2community.com) 1. Outer wanted people to live better outside. Shark Tank: Outer Accepts $750,000 From Lori Greiner Jay Leonard Contributor Disclosure Last updated November 4, 2022 FlashBuddy / Pixabay Co-founders of Outer, Terry Lin and Jiake Liu, came to.
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Outer co-founders and 'Shark Tank' alums Jiake Liu and Terry Lin sell furniture in customer backyards rather than brick-and-mortar stores. Outer Nabs $50 Million to Expand Sustainable Outdoor Furniture Startup - Sourcing Journal Outer Outer Lifetime: 4 Months EOY Proj Sales: $1,000,000 Lifetime Sales: $800,000 Category: Home Asking Deal Equity: 4% Amount: $750,000 Value: $18,750,000 Debt/Royalty Deal Sharks: Lori Greiner Loan Amount: $750,000 Loan Interest: 3% Royalty: $30/unit Royalty Term: until $1,000,000 Equity: 5%
