Zoom Gets a Shark Tank Update
It’s been a little over three years since Zoom Shark Tank update entrepreneurs Madeline Fraser, Elizabeth Grover, and Beatrice Fischel-Bock stepped into the Shark Tank in search of $100,000 for 20% of their interior design service Zoom. The trio pitched their online business that makes furnishing homes easy, affordable, and convenient. They also have a branded line of furniture and home accessories. The women hoped a Shark would help them take their company to the next level and make it more profitable.
The young ladies designed over 40 spaces for clients in the greater Washington, DC area and were looking for a partner to help them scale their company. They were hoping to reach a million dollars in sales and develop their branded furniture line. Despite their early success, the trio did not get a deal with any Sharks on the show.
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During their appearance on Shark Tank, the women explained that their platform allows users to fill out a survey with questions about their room and then they receive a board with suggested furniture and decorations. Customers can then make changes to the board and then order the furniture online.
The Sharks were skeptical of the company, with Mark Cuban and Robert Herjavec declining to invest. However, Barbara Corcoran was intrigued by the technology and offered to invest. Her deal was for $100,000 for 33 percent of the company.