Treasure Chest Pets Shark Tank Update (Season 1)

Lisa Lloyd is the founder of the company Treasure Chest Pets and she is facing financial issues in fulfilling the orders. For investment, she appeared on Shark Tank Season 1 Episode 8 and asked the Sharks for $150,000 for 20% equity at a $750k Valuation.

Lisa herself has invested $100,000 in this business and her entire family helps her in this business. Daymond John and Barbara Corcoran invested $150k in this company in exchange for 60% equity, apart from that Daymond will provide additional support.

What Is Treasure Chest Pets?

The Treasure Chest Pets sells a stuffed animal product that has a hidden compartment to store treasure. Stuffed pets have magnets that work to hold different parts of the pet together. Every pet has hidden storage at different places where small items can be kept. The average retail cost is $19.99, making the cost $4.75 and it is being sold in 200+ stores.

Company NameTreasure Chest Pets
FounderLisa Lloyd
FoundedOct 2008
ProductWorld’s First Organizer Stuffed Pets
Asked For$150k for 20% equity
Final Deal$150k for 60% equity
SharkBarbara Corcoran Barbara CorcoranDaymond John Daymond John
Episode (Shark Tank USA)S1 E8
Air DateOct 6th, 2009
Business StatusOut of Business
WebsiteVisit Website
HeadquartersPhoenix, Arizona, USA
Lifetime Worth (Sales)$10M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Treasure Chest Pets?

The founder of Treasure Chest Pets Company is Lisa Lloyd. In 2015, she started a business named Masqué Rage, which is a temporary facial tattoos that look like a mask. She is a member of the Multiple Entrepreneur Community. In 2020, she started Invention Accelerator which helps people in product development.

How Was The Shark Tank Pitch of Treasure Chest Pets?

Lisa asked the sharks for $150k for 20% equity and explained her product to the sharks. Last year’s sales were about $100,000. Kevin O’Leary said that the distribution of the toy industry is brutal so he cannot invest in this business.

Kevin Harrington said that he does not invest in age group target products and seasonal business so he is out. Daymond John and Barbara Corcoran teamed up and offered $150k for 60% equity + additional support such as product manufacturing.

Robert Herjavec offered $150k as a line of credit for 0% equity. Lisa said that she not only wanted money but also other support in business, so she accepted the offer from Daymond and Barbara.

Sharks Offers list!

SharksOffers
Barbara Corcoran Barbara Corcoran$50k for 60% equity (#1) (Daymond)
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Robert Herjavec Robert Herjavec$150k for 0% equity (#1)
Daymond John Daymond John$100k for 60% equity (#1) (Barbara)
Kevin Harrington Kevin HarringtonNo Offer
Founder’s (Countered)No Counter
Final Deals$150k for 60% equity

What Happened To Treasure Chest Pets After Shark Tank?

Treasure Chest Pets gets a deal on Shark Tank Daymond and Barbara both invested $150k in this business for 60% equity. After Shark Tank, Lisa was able to list her product on the Buy Buy Baby retail store with Daymond’s help.

After this Lisa and Investor generated revenue of Million of Dollars. Faced with the economic crisis, Lisa had to close Treasure Chest Pets Business in 2012. After becoming a business band, Lisa started Masqué Rage Business in 2015 in New Orleans, Louisiana.

Treasure Chest Pets Shark Tank Update

After the investment, Daymond solved the inventory problem of this business and made the product available in Bigbox retail stores. Within a few months, sales reached thousands of dollars and annual sales were millions of dollars. However, this business was closed in 2012.

What Is Treasure Chest Pets’s Net Worth?

Treasure Chest Pets’s net worth is estimated at $0 million. Lisa is a brave entrepreneur. When she started her business, she had very limited capital. Now she is doing different businesses. She has started a Ninja Inventor course in which she teaches people about product invention methods.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2008-12$10M *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2009$150kBarbara Corcoran
Daymond John

Is Treasure Chest Pets Still In Business?

This company was closed in 2012 and Lisa is currently providing mentorship regarding product development. She achieved sales of $20 million by signing a licensing deal with Scunci for her first product, the French Twister.

The official address of this company was Phoenix, Arizona, United States.

No, Treasure Chest Pets has been out of business since 2012.

frequently asked questions

Who founded Treasure Chest Pets?

Treasure Chest Pets was founded by Lisa Lloyd.

Did Treasure Chest Pets get a deal on Shark Tank?

Yes, Treasure Chest Pets gets a deal on Shark Tank.