Overview
The Measuring Shovel is a garden shovel with a built-in yardstick that was invented by Maddox Prichard when he was just 10 years old.
After presenting his invention at multiple conventions and winning several awards, Maddox and his mother Amanda appeared on Shark Tank seeking $40,000 for 15% equity in their pre-launch phase company.
Though they received offers from multiple Sharks, they ultimately made a deal with Kevin O’Leary and Lori Greiner. However, as of 2024, the deal never closed, and the company is still not available on the market and not making any revenue.
Shark Tank Pitch
In 2019, Maddox and Amanda appeared on Shark Tank seeking $40,000 for 15% equity in their pre-launch phase company.
The Sharks were impressed at what Maddox had accomplished at a young age, and Kevin O’Leary and Lori Greiner offered $40,000 for 30% equity.
Maddox chose Lori and Kevin but put up a fight for an extra $10,000, but O’Leary wouldn’t budge. Guest investor Daniel Lubetzky also offered $40,000 for 25% if the founder was ready to be more hands-on.
What Happened After Shark Tank?
As of 2024, The Measuring Shovel is still not available on the market and not making any revenue.
The deal with Kevin and Lori never closed.
However, in September 2023, Maddox posted on Facebook revealing that he was working with a company to get The Measuring Shovel manufactured.
Despite the delay, The Measuring Shovel is estimated to be worth $250,000 because of the patent they hold. Hopefully, they will secure a licensing deal with a large company and just earn revenue off royalties.
Maddox Prichard’s Background
Maddox Prichard is a Nashville, Tennessee native who was inspired to invent The Measuring Shovel after experiencing the inconvenience of using a measuring tape every time he dug a hole in the garden to help plants grow properly.
Maddox’s father passed away from cancer in July 2019, and he has a sister named Brenna.
His mother, Amanda, works as a CFO at Sumner County Schools.
Founding The Measuring Shovel
Maddox created the prototype of The Measuring Shovel at the age of 10 and presented it at the National Invention Convention and the Tennessee Invention Convention, winning multiple awards.
Due to the functions included in the product and its novel design, it makes gardening simple and precise.
Prichard’s school principal persuaded him to file for a patent, and a local lawyer generously helped him get the patent and didn’t charge a fee.
Lessons From The Measuring Shovel’s Success
Based on the Shark Tank episode about the measuring shovel, here are three practical tips for aspiring young entrepreneurs:
1. Innovate on everyday products
Maddox’s idea of adding measurements to a shovel is a simple yet ingenious improvement to a common household tool. Entrepreneurs should look for opportunities to innovate and improve everyday products, making them more convenient and user-friendly.
Small enhancements can significantly differentiate a product in the market.
2. Leverage competitions and awards for validation
Maddox participated in various invention conventions, where he won awards and gained recognition for his invention. Entering competitions and seeking awards can validate your idea, provide valuable feedback, and increase visibility.
This recognition can also attract potential investors and partners.
3. Be prepared and professional in presentations
Maddox’s well-prepared and composed presentation impressed the sharks. Entrepreneurs should ensure they are articulate, professional, and ready to answer questions confidently.
A strong presentation can significantly influence potential investors and partners, showcasing not only the product but also the entrepreneur’s capability and dedication.
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