Husband and wife team Nancy and Ron Pritchett pitched their business, TripleLite, on Shark Tank Season 16. TripleLite is a 180º flashlight that lights up a wide area. Its curved design with three bright LED bulbs helps you see everything around you in the dark, just like natural eyesight.
Ron got the idea when he was walking with a traditional flashlight. Because of its narrow beam, he couldn’t see a wide area, which made him realize the need for a flashlight that lights up a broader space for better safety.
They asked the Sharks for $400,000 for 10% equity, valuing the company at $4 million. The impressive annual sales, reaching millions of dollars, caught the attention of Sharks like Mark Cuban and Lori Greiner. They made a deal for $400,000 in exchange for 25% equity.
After Shark Tank, the business saw growth. In January 2025 alone, their website received 30,000+ visitors, and it’s possible that about 50% of them bought the flashlight.
| Company Name | TripleLite | |
| Founder | Nancy and Ron Pritchett | |
| Founded | 2015 | |
| Product | 180º flashlight | |
| Asked For | $400k for 10% equity | |
| Final Deal | $400k for 25% equity | |
| Sharks | Mark Cuban and Lori Greiner | |
| Episode (Shark Tank USA) | S16 E8 | |
| Air Date | Jan 17th, 2025 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | Ramona, California, USA | |
| Lifetime Worth (Sales) | $5M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Who Is The Founder Of TripleLite?
Ronnie Pritchett founded the flashlight company TripleLite in 2012. However, after working on the patent and prototype in 2014, the product officially became available to customers in 2020.
Ronnie is also a golf professional and runs an online store called Ashdon Golf, where he sells golf-related accessories.
Currently, Ronnie and his wife, Nancy, are the co-founders of TripleLite.
How Was The Shark Tank Pitch Of TripleLite?
After pitching their 180º flashlight on Shark Tank, the passionate couple Nancy and Ronnie shared their business journey. Nancy mentioned that after graduating from the University of Georgia, she married Ronnie, and they have now been married for 41 years.
Ronnie revealed that from 2020 to 2024, their lifetime sales exceeded $5 million. In 2023, they made $1.077 million in sales, and they are projecting $1.5 million in sales for 2024. Nancy shared that from 2014 to 2015, their sales were $410,000.
However, in 2016, a tragedy struck when they brought in an investor who sued them in January 2018 to take over the company. Fortunately, by August 2018, Nancy and Ronnie regained control of their business.
For their TL800 flashlight, the landed cost is $6.50, the wholesale price is $15, and the retail price is $29.95.
During the pitch, Kevin O’Leary offered $400,000 for 49% equity, promising to help boost sales by getting the product into major retail stores and on Amazon. Daniel Lubetzky offered $400,000 for 25% equity. Lori Greiner and Mark Cuban teamed up to offer $400,000 for 25% equity as well.
Nancy countered with $400,000 for 20% equity. In response, Daniel Lubetzky and Robert Herjavec teamed up, offering $400,000 for 20% equity. Despite this, Nancy and Ronnie decided to go with Mark and Lori’s offer.
Breakdown Sharks Offer
Note: Here’s a quick summary of the offers and counteroffers between the Sharks and Nancy and Ron Pritchett:
| Sharks | Offers |
| Kevin O’Leary | $400k for 49% equity |
| Daniel Lubetzky | $200k for 10% equity (Robert) |
| Mark Cuban | $200k for 12.5% equity (Lori) |
| Lori Greiner | $200k for 12.5% equity (Mark) |
| Robert Herjavec | $200k for 10% equity (Daniel) |
| Founder’s (Countered) | $400k for 20% equity |
| Final Deals | $400k for 25% equity (Lori & Mark) |
TripleLite Shark Tank Update
Nancy and Ron Pritchett’s story is a valuable lesson and inspiration for many startup owners. It shows the importance of not blindly trusting anyone in business.
After securing the deal with Mark and Lori, their future plan is to launch their product in major retail stores like The Home Depot and Target. They also aim to explore licensing opportunities to create another source of income.
For more updates, a visit to TripleLite’s official website in February 2025 showed that they offer flashlights in various sizes, including TL100, TL300, TL800, and TL050. Additionally, they recently launched the HL530 LED Headlamp, priced at $29.95.
As of February 2025, all of TripleLite’s lighting products are available nationwide at major retail stores like Ace Hardware, The Home Depot, Walmart, and Big 5 Sporting Goods. They are also listed on online marketplaces such as Amazon and eBay.
What Is TripleLite Net Worth?
The founders are hopeful that the company could potentially reach $500 million in annual sales in the future. However, with the current valuation of $1.6 million, the company’s annual growth rate is around 25% on average. Based on this growth rate, the estimated net worth of the company is approximately $2 million.
