LOS ANGELES, CALIFORNIA: ReturnHome, a pioneering firm that provides an environmentally friendly alternative to traditional burial and cremation procedures, had a noteworthy debut in episode 2 of 'Shark Tank' Season 15. Micah Truman and his mother, Lexi, founded the firm, which has been at the vanguard of the human composting movement, a process they call "Terramation." Unfortunately, due to their exorbitant value, they were unable to secure a contract.
On x, viewers wrote, "I could have seen myself accepting this valuation, but only if I had sealed my eyes closed with crazy glue. The $20M earlier round was already too high. To jump to a $40M with $350K in sales was almost disrespectful. Agree or disagree?" Daniel also seemed disappointed as he wrote, "A business both doing good for our planet and helping people say goodbye to their loved ones in a meaningful way is worthy of consideration. But Micah didn't demonstrate why Return Home had a competitive advantage."
While agreeing to Daniel, another viewer wrote, "I believe that Sharks add a lot more value than the typical investor. If anyone deserves a valuation discount, it is y’all. This was way too high for where they were. Valuations should represent existing sales and not what could be." Another criticism read, "I could see that. Too high of evaluation. Not surprised. He seemed cocky too. Which isn't good." "This deal is dead to me based on valuation," wrote another. One viewer quipped, "“We are a money losing company.”"
On Reddit, fans asked, "$40,000,000 valuation? Show me the sales!!!" Another person chimed in, "Oh these guys are smoked. Way too ridiculous. This guy seems difficult to work with too. Trying to pull words out of him. No business sense." One user further slammed writing, "300k in sales and not profitable but a $40M valuation? How did this even get on the air." Another person added, "Given their current capacity, the math on how much they would have to scale to make $2M for 5% reasonable without taking 25 years to break even is staggering."
Where is ReturnHome Green Funeral Home now?
ReturnHome drew a lot of attention and intrigue after their participation in 'Shark Tank'. They have now risen to become one of Washington's top three human composting enterprises. In addition, the firm has given presentations at several conventions, including the National Funeral Directors Association Annual Convention.
Their Terramation Centre in Auburn, WA, is the world's first large-scale human composting plant, with 74 custom-designed containers. The company's dedication to openness is obvious in the fact that it allows families to visit their loved ones during the Terramation process and offers in-person laying-in ceremonies.
They had already funded $675,911.30 on StartEngine prior to their 'Shark Tank' appearance to assist in building up their facilities. While detailed post-'Shark Tank' sales data are not accessible, the company's creative strategy and popularity point to a good future.
How to book ReturnHome Green Funeral Home from 'Shark Tank' Season 15?
ReturnHome's services may be learned more about by visiting their website, returnhome.com. They serve families in 49 states and across Canada. Positive feedback has been received for the company's ethical and environmental practices, as well as its commitment to providing a meaningful end-of-life experience.
What is Daniel Lubatzky's net worth?
Daniel began his career as a lawyer, attempting to bring individuals from disparate Middle Eastern areas together through commerce. He established the Kind Bar in 2004 after seeing a lack of convenient, energizing, and healthy snacks while traveling. Since then, the company's value has risen to almost $2.9 billion.
'Shark Tank' Season 15 airs Fridays on ABC at 8 pm ET.
