The Spatty Shark Tank Update – Shark Tank Season 4
Cheryl Rigdon introduces The Spatty, a handy tool for getting every last drop of makeup, in Shark Tank Season 4 Episode 5.
Highlights
- Cheryl Rigdon pitches The Spatty, a small spatula designed to scrape out makeup from bottles, on Shark Tank.
- Despite having only a prototype with no sales, the Sharks appreciate the product’s usefulness.
- Daymond John offers to help Cheryl by providing industry connections, leading to significant growth and retail success.
About The Spatty
| Category | Details |
|---|---|
| Business Name | The Spatty |
| Founder | Cheryl Rigdon |
| Industry | Beauty and Household |
| Product | Small spatula for scraping out makeup and other products |
| Deal Status | No Deal |
| Investment Asked | $50,000 for 40% equity |
| Valuation | $125,000 |
The Spatty was created by Cheryl Rigdon when she got tired of wasting makeup that got stuck in bottles and jars. Her frustration led to creating a make-up spatula uniquely designed for scraping out the last bit of makeup. She presented the Spatty to the Sharks in Shark Tank Season 4 Episode 5. The product was originally intended for make-up, but you can use it to scrape out the last bit of mustard from a jar, too.
The Spatty Daddy is a bigger version of the product for larger containers. What Cheryl has in the Tank is only a prototype, so there are no sales and no real numbers. At this stage, it is still an idea.
Check out other Shark Tank Season 4 Episodes.
The Spatty Shark Tank Recap
Cheryl came into the Shark Tank seeking $50k for a 40% share of the business. The Sharks LOVE the name; they all keep laughing at it – but in a good-natured way. The Sharks unanimously agree that it’s a useful product.
Did The Spatty Get a Deal on Shark Tank?
Mr. Wonderful doesn’t think Cheryl has a plan to distribute the product, so he’s out. Mark doesn’t want to spend the time helping Cheryl build an entire business, so he’s out, too. Robert isn’t sure if it will be a huge success or a dud, so he goes out. Daymond quickly follows Robert.
Lori loves Cheryl but thinks she should distribute it as a promotional product to sell with makeup, so she’s out, too. Daymond still offers to help, gives Cheryl his phone number, and introduces her to some makeup companies.
The Spatty Shark Tank Update
Cheryl was a very popular Shark Tank entrepreneur, and Spatty was popular with viewers. She took a TON of “pre-orders when episode 405 initially aired. The first production mold and prototype run were done in early November 2012.
Full production of the sellable product was completed shortly thereafter. Fellow Shark Tank entrepreneur Mona Weiss (Eco Nuts) advised Cheryl about getting into the 2013 Academy Award Gifting Suite, and Cheryl handed out Spattys to the stars in early March 2013. She now has it in full production and available for purchase on Amazon.
Daymond also made good on his word to give Cheryl a hand. In fact, he ended up mentoring her and steering her towards licensing deals.
A few years later, she has her products in Bed Bath & Beyond, Wal-Mart, and Target. As of 2020, she is in negotiations to get into more retailers. She also plans themed Spatties (Christmas, Halloween, etc.) and a metallic version.
In 2023, the net worth of Spatty was around $4 million and had no signs of slowing down.
In addition, she sells Spatties for the shop, food, baby care, and crafting. As of April 2024, revenues are $1 million per year.
Posts About The Spatty on Shark Tank Blog
Cheryl Rigdon Spatty Inventor Update and Interview
Where Can You Buy It?
The Spatty is available for purchase on their official website and also on Amazon. Check out their social media for more updates: Facebook and Twitter.
Curious to know about other businesses that appeared on the same episode? Check out their business updates!
First order from Spatty and they shorted me 2 products. NO customer service or way to quickly get in touch with company. SO convenient… for THEM!