Measuring Shovel Shark Tank – Founder, Net Worth, and Investment

The Measuring Shovel is an innovative gardening tool that gained recognition on Season 11 of Shark Tank. This Shark Tank product offers a unique solution to a common problem faced by gardeners – measuring depths while digging. The founder behind this innovative measuring shovel is Maddox Prichard, a young entrepreneur with a promising vision.

During his appearance on Shark Tank, Maddox sought a $40,000 investment in exchange for 15% equity in his business. The Sharks, Kevin O’Leary and Lori Greiner, recognized the potential of the Measuring Shovel and made a compelling offer of $40,000 for 30% equity. The deal closed on the show, showcasing the Sharks’ confidence in this innovative measuring tool.

Although the Measuring Shovel has not been made available for sale yet, its potential and value cannot be overlooked. Its innovative design, durability, and precision make it a standout product in the gardening industry. With the backing of Shark Tank investors, the Measuring Shovel is poised to make a significant impact in the market.

Key Takeaways:

• Maddox Prichard introduced the Measuring Shovel on Season 11 of Shark Tank.
• Investors Kevin O’Leary and Lori Greiner saw potential in the Measuring Shovel.
• The deal closed on the show, solidifying the Measuring Shovel’s market value.
• Currently, the Measuring Shovel is not available for sale, but its innovative features make it a standout product.
• The Measuring Shovel has the potential to revolutionize the gardening industry with its durability and precision.

The Invention of The Measuring Shovel

During his 4th grade school project, Maddox Pritchard invented the Measuring Shovel, a pioneering gardening tool with a built-in yardstick. Inspired by his mother’s need for a measuring tool while gardening, Maddox embarked on a journey to create a convenient and efficient solution. His innovative invention gained recognition at various invention fairs, earning him accolades and awards. Recognizing the potential of his creation, Maddox secured a patent with the assistance of a local lawyer, solidifying his novel concept.

As shown in the timeline below, Maddox’s invention caught the attention of the Sharks on Shark Tank, offering him an opportunity to transform his invention into a profitable venture:

From a school project to a patented invention, the Measuring Shovel’s journey showcases Maddox’s ingenuity and determination. The next section will delve into the details of his Shark Tank pitch and the investment deal he received.

The Shark Tank Pitch

When Maddox Prichard and his mother Amanda stepped onto the Shark Tank stage, they were seeking a $40,000 investment in exchange for 15% equity in their business. Their invention, the Measuring Shovel, was about to make waves in the gardening industry.

Maddox presented the Measuring Shovel to the Sharks, showcasing how it simplifies gardening tasks by integrating measurements directly into the shovel’s design. With this innovative tool, gardeners can easily measure the depth while digging, eliminating the need for separate measuring devices.

“The Measuring Shovel revolutionizes the way we garden,” Maddox passionately explained during his presentation. “It’s a tool that combines convenience, accuracy, and durability, making it the go-to choice for any gardening enthusiast.”

The Sharks were captivated by Maddox’s invention and recognized its market potential. This led to an exciting investment deal on the show. Kevin O’Leary and Lori Greiner made an offer of $40,000 for 30% equity in the Measuring Shovel business. Recognizing the opportunity to partner with experienced entrepreneurs, Maddox accepted their offer.

However, as with many deals made on Shark Tank, the agreement did not close after the show aired. While the details of why the deal fell through remain unknown, the experience and exposure on Shark Tank provided invaluable opportunities for Maddox and his business.

The Journey After Shark Tank

Despite the deal made on Shark Tank, the Measuring Shovel has not been brought to market yet. The production of the shovel has been delayed for various reasons, including the unfortunate passing of Maddox’s father.

However, the company’s website is still active, providing updates and information on the progress of the Measuring Shovel. Gardeners and enthusiasts can visit the website to learn more about the innovative features and benefits of this unique gardening tool.

“The journey to bring the Measuring Shovel to market has been challenging, but I am determined to honor my father’s memory and continue working towards fulfilling our vision,” says Maddox Prichard, the young entrepreneur behind the Measuring Shovel.

Maddox’s entrepreneurial journey has not been without setbacks, but he remains resilient and dedicated to his goal of introducing the Measuring Shovel to the public. Through his perseverance, he aims to honor his father’s legacy and make a positive impact in the gardening industry.

While the Measuring Shovel is not currently available for sale, interested individuals can sign up on the website to receive updates and be notified when the product becomes available. This allows them to be among the first to experience the convenience and efficiency of this innovative tool.

As Maddox continues to learn and grow as an entrepreneur, he remains committed to bringing the Measuring Shovel to market. With a resilient spirit and a passion for innovation, he is determined to realize his vision and provide gardeners with a high-quality measuring tool that simplifies their gardening tasks.

The Value and Potential of The Measuring Shovel

The Measuring Shovel offers unique value and potential in the gardening market. With its patented design and integrated measurements, this innovative tool eliminates the need for separate measuring devices, making it a convenient and efficient solution for gardeners.

By incorporating a built-in ruler, the Measuring Shovel streamlines the process of measuring depth while digging. This not only saves time and effort but also ensures accurate measurements for gardening tasks such as planting seeds or bulbs.

Although the Measuring Shovel is currently not available for purchase, its patented status enhances its value. This patent protects the shovel’s design and prevents competitors from replicating its functionality, making it a unique and sought-after gardening tool.

The potential of the Measuring Shovel is evident in its ability to revolutionize gardening tasks. By combining the functionality of a shovel and a measurement tool, it simplifies the gardening process and empowers gardeners to achieve precise results.

The convenience and efficiency offered by the Measuring Shovel make it a must-have tool for both novice gardeners and experienced landscapers. With its potential to improve productivity and accuracy, the Measuring Shovel has the power to transform the way we approach gardening.

Experience the convenience of the Measuring Shovel as it simplifies your gardening tasks by integrating measurements into its design:

1. Saves time and effort with integrated measurement capabilities
2. Eliminates the need for separate measuring tools
3. Provides accurate measurements for precise gardening tasks
4. Enhances productivity and efficiency
5. Patented design for exclusive functionality
6. Potential to revolutionize gardening practices

Unlock the full potential of your gardening endeavors with the Measuring Shovel. Stay tuned for updates on its availability and be among the first to experience this game-changing gardening tool.

Maddox Prichard – The Young Inventor

Maddox Prichard, the young inventor behind the Measuring Shovel, is an exceptional talent who first came up with the idea for this groundbreaking gardening tool in 4th grade. His journey as an entrepreneur began when he showcased his invention at various invention fairs and received recognition and awards.

Driven by his passion for innovation and desire to solve problems, Maddox secured a patent for the Measuring Shovel with the assistance of a local lawyer. His determination and dedication to his craft caught the attention of experts and paved the way for his appearance on the hit show Shark Tank.

Impressively, at the remarkable age of 13, Maddox appeared on Shark Tank, showcasing his invention and captivating the Sharks with his invention’s potential. His presentation skills and unique product design left a lasting impact on the panel of influential investors.

Although Maddox has faced challenges and delays in bringing the Measuring Shovel to market, he remains steadfast in his mission to make his invention a reality. Despite setbacks, Maddox’s entrepreneurial spirit continues to drive him forward, and he remains committed to pursuing his dream of revolutionizing the gardening industry with his innovative creation.

Quotes:

“I believe in the power of innovation and the impact it can have on people’s lives. The Measuring Shovel is just the beginning of my journey as an inventor, and I’m excited to see where it takes me.”

– Maddox Prichard

Success at Invention Fairs:

These accomplishments demonstrate Maddox’s ingenuity and his ability to create innovative solutions that can make a positive impact on people’s lives.

The Deal on Shark Tank

On Shark Tank, Maddox received an investment offer from Sharks Lori Greiner and Kevin O’Leary. They offered $40,000 for 30% equity in the Measuring Shovel business, with the intention of licensing the product. Maddox accepted their offer, but the deal did not close after the show aired. The details of why the deal did not close are unknown, but the experience and exposure on Shark Tank have provided valuable opportunities for Maddox and his business.

The Current Status of The Measuring Shovel

As of the latest update, the Measuring Shovel is not available for sale. The company’s website states that it will be available soon, but there have been delays in bringing the product to market. Despite the challenges, the company’s value is estimated to be around $250,000 due to its patented status.

The Measuring Shovel has not generated any revenue yet, as it is still in the pre-launch stage. However, the anticipation for this innovative gardening tool remains high among gardeners and landscapers.

The Measuring Shovel’s website serves as a platform where interested customers can learn more about the product, its features, and availability. It also provides updates on the progress and any developments regarding its release.

The Future of The Measuring Shovel

The Measuring Shovel has ambitious future plans that involve securing a licensing deal with a larger corporation. This strategic move will enable the company to bring the product to market on a larger scale, tapping into a wider customer base. By licensing the Measuring Shovel, the company can generate revenue through royalties, further driving its growth and expansion.

The Measuring Shovel holds significant potential in the gardening and landscaping industry. Its unique utility and convenience make it a promising tool for both amateurs and professionals, who can benefit from accurate measurements while digging or planting. The innovative design of the Measuring Shovel sets it apart from traditional gardening tools, making it a standout choice for customers seeking efficiency and precision.

The company behind the Measuring Shovel continues to work diligently towards the manufacturing and commercialization of the product. They are determined to overcome any obstacles along the way and bring the Measuring Shovel to market, ensuring that it reaches the hands of gardeners and landscapers who can benefit from its practicality.

As the Measuring Shovel enters the market, it holds significant revenue potential. Gardeners and landscapers are constantly on the lookout for innovative and high-quality tools to enhance their work. With the Measuring Shovel’s distinctive features and demonstrated market interest, it has the potential to generate substantial revenue and establish itself as a leading gardening tool in the industry.

Overall, the future of the Measuring Shovel looks promising. With plans to secure a licensing deal, focus on manufacturing, and capitalize on revenue potential, the company and its unique product are poised for success in the gardening and landscaping market.

Conclusion

Despite the challenges faced by the Measuring Shovel, the innovative gardening tool invented by Maddox Prichard, the journey of its creation remains inspiring. The Measuring Shovel holds great potential in revolutionizing gardening tasks, offering convenience and precision to gardeners.

With the support of an investment deal on the popular show Shark Tank, Maddox is determined to bring the Measuring Shovel to market and unlock its full potential. While the product is not currently available for sale, Maddox’s entrepreneurial spirit and dedication continue to drive him towards achieving this goal.

The Measuring Shovel’s integration of measurements into a gardening shovel’s design eliminates the need for separate tools, making it a valuable and time-saving invention. By simplifying the measuring process, this innovative tool has the power to transform the way gardeners approach their tasks, providing accurate measurements and streamlining their workflow.

In conclusion, the Measuring Shovel is an ingenious creation with the potential to make gardening easier and more efficient. Maddox Prichard’s journey as a young inventor and entrepreneur is inspiring, and we look forward to witnessing the Measuring Shovel’s future success as it enters the market and fulfills its promise.