What happened with Eterneva on Shark Tank Season 11? Eterneva, a company that turns ashes of loved ones into diamonds, successfully secured a $600,000 investment from Mark Cuban in exchange for a 9% equity stake in the company.
Summary
- Eterneva, a company that creates diamonds from the ashes of loved ones, appeared on Shark Tank Season 11.
- Founders Adelle Archer and Garrett Ozar sought $600,000 for a 5% stake in their company.
- Mark Cuban invested $600,000 for a 9% stake.
- The company has seen significant growth since its Shark Tank appearance.
- Eterneva has expanded its product offerings and services.
- The company continues to provide a unique way for people to memorialize their loved ones.
Eterneva Shark Tank Update | Shark Tank Season 11
Eterneva turns ashes into diamonds, offering a lasting memorial. The company specializes in transforming the ashes of loved ones, both human and pet, into stunning, certified diamonds.
This innovative process allows families to keep their cherished memories close, in a form that symbolizes eternal love and remembrance.
Founders and Their Mission
The heart of Eterneva lies in the shared vision of its founders, Adelle Archer and Garrett Ozar. Their journey began with a personal loss and a desire to create something meaningful from grief.
Driven by compassion and a passion for innovation, they established Eterneva with the mission to provide families with a beautiful and lasting tribute to their loved ones.
Shark Tank Appearance
Seeking to expand their reach and share their unique concept with the world, Archer and Ozar took their venture to the renowned stage of Shark Tank in Season 11.
Their appearance on the show was a pivotal moment, showcasing not only their groundbreaking technology but also the profound emotional impact of their service.
Shark Tank Season 11 Recap
1. Eterneva’s Pitch
| Entrepreneurs | Adelle Archer & Garrett Ozar |
|---|---|
| Business | Eterneva |
| Ask | $600,000 for 5% |
| Deal | $600,000 for 9% |
| Sharks | Mark Cuban |
| Season | 11 |
| Original Air Date | November 10, 2019 |
| Website | Eterneva |
| Key Points of Pitch |
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| Why Sharks Accepted |
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2. Sharks’ Questions and Concerns
The Sharks were intrigued by Eterneva’s concept but also raised some pertinent questions. They inquired about the technical process of creating diamonds from ashes, the pricing structure, and the scalability of the business.
Some Sharks expressed concerns about the emotional nature of the business and the potential challenges of marketing such a sensitive product.
3. Mark Cuban’s Investment
Despite the questions and concerns, Mark Cuban saw the potential in Eterneva. He was moved by the company’s mission and the profound impact it had on families.
Recognizing the growing demand for personalized memorialization options, Cuban offered $600,000 for a 9% stake in the company.
This investment provided Eterneva with the resources and platform to further its growth and reach a wider audience.
Eterneva After Shark Tank
1. Company Growth and Expansion
Eterneva’s appearance on Shark Tank served as a catalyst for remarkable growth. Mark Cuban’s investment, coupled with the national exposure, propelled the company to new heights.
They expanded their team, enhanced their production capabilities, and streamlined their processes.
This allowed them to meet the growing demand for their unique memorial diamonds, ensuring that more families could experience the comfort and connection their service provided.
2. New Product Offerings
Building on their initial success, Eterneva broadened its offerings beyond traditional diamonds.
They introduced a range of jewelry options, including rings, pendants, and earrings, providing customers with even more ways to keep their loved ones close.
Additionally, they expanded their services to include the creation of diamonds from the ashes of beloved pets, recognizing the profound bond between humans and their animal companions.
3. Customer Testimonials and Impact
The heart of Eterneva’s success lies in the countless stories of families touched by their service.
Customer testimonials paint a vivid picture of the comfort, healing, and enduring connection that Eterneva diamonds provide.
These testimonials highlight the profound impact of transforming ashes into a tangible symbol of love, allowing families to cherish their memories in a truly unique and meaningful way.
4. Challenges and Overcoming Them
Eterneva’s journey hasn’t been without its challenges. Navigating the complexities of a sensitive industry, managing rapid growth, and maintaining the highest standards of quality and customer service required resilience and adaptability.
The company faced these challenges head-on, prioritizing transparency, open communication, and a commitment to continuous improvement.
Their unwavering dedication to their mission and their customers has been instrumental in their ongoing success.
Eterneva Today
1. Current Company Status
Eterneva stands as a testament to the power of innovation and compassion. The company continues to thrive, serving families across the globe.
Their commitment to quality, customer service, and ethical practices has solidified their position as a leader in the memorial diamond industry.
Eterneva has fostered a strong community of customers, who share their stories and find solace in their shared experiences.
2. Future Plans and Goals
Eterneva’s journey is far from over. The company has ambitious plans for the future, including expanding their global reach and exploring new technologies to further enhance their diamond creation process.
They remain dedicated to their mission of providing families with meaningful ways to memorialize their loved ones. Eterneva aims to continue innovating and setting new standards in the memorial industry.
3. Eterneva’s Legacy
Eterneva’s legacy extends beyond the creation of beautiful diamonds. They have redefined the way we approach grief and remembrance, offering a tangible symbol of love and connection that transcends time.
Their story serves as an inspiration to entrepreneurs and innovators, demonstrating the profound impact that can be achieved when compassion and ingenuity intersect.
Eterneva’s legacy is one of transforming loss into enduring beauty, ensuring that memories live on in a truly extraordinary way.
FAQs
How does the process of creating a diamond from ashes work?
Eterneva extracts carbon from the ashes, purifies it, and then places it in a diamond growth chamber. Under high pressure and temperature, the carbon transforms into a rough diamond, which is then cut and polished to perfection.
How long does it take to create an Eterneva diamond?
The entire process, from receiving the ashes to delivering the finished diamond, typically takes 7-10 months.
What is the cost of an Eterneva diamond?
The cost varies depending on the size and color of the diamond. Prices start at around $2,999.
Can Eterneva create diamonds from the ashes of pets?
Yes, Eterneva offers memorial diamonds for both humans and pets.
What other services does Eterneva offer?
In addition to creating diamonds, Eterneva provides a range of services to support families throughout the process. This includes secure ash collection, personalized consultations, and ongoing communication throughout the diamond growth journey.
The Bottom Line
Eterneva’s journey, from a heartfelt mission to a Shark Tank success story, is a testament to the power of innovation and compassion. By transforming ashes into diamonds, they provide a unique and meaningful way for families to memorialize their loved ones.
The company’s growth and expansion, driven by their commitment to quality and customer service, exemplify the potential for success when purpose and entrepreneurship align. Eterneva’s story serves as an inspiration, reminding us that even in the face of loss, beauty and connection can endure.
