Did Parting Stone get a deal on Shark Tank Season 14? Yes, Parting Stone secured a deal on Shark Tank Season 14. Founder Justin Crowe accepted a combined offer from Lori Greiner and Kevin O’Leary for $400,000 for 10% equity, plus royalties of $20 for direct-to-consumer sales and $12.50 for business-to-business sales.
Summary
- Parting Stone offers a unique alternative to traditional cremated ashes by solidifying them into touchable stones.
- The company appeared on Shark Tank Season 14 seeking $400,000 for 5% equity.
- They received a deal from Lori Greiner and Kevin O’Leary for $400,000 for 10% equity plus royalties.
- The investment has helped Parting Stone expand its reach and partner with more funeral homes.
- The company has seen a significant increase in sales since their appearance on Shark Tank.
Parting Stone Shark Tank Update | Shark Tank Season 14
Parting Stone revolutionizes how we memorialize loved ones by transforming cremated ashes into smooth, touchable stones.
This unique alternative offers a tangible way to hold onto memories, offering comfort and solace during times of grief.
By solidifying ashes, Parting Stone creates a collection of stones that families can touch, hold, and share, creating a more personal and meaningful connection to their loved ones’ legacies.
The Shark Tank Pitch
| Entrepreneurs | Justin Crowe |
|---|---|
| Business | Parting Stone |
| Ask | $400,000 for 5% Equity |
| Deal | $400,000 for 10% Equity + $20 Royalty (direct-to-consumer) + $12.50 Royalty (B2B) |
| Sharks | Lori Greiner, Kevin O’Leary |
| Season | 14 |
| Original Air Date | November 11, 2022 |
| Website | Parting Stone |
| Key Points of Pitch |
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| Why Sharks Accepted |
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Shark Tank Success
1. The Deal
Parting Stone’s compelling pitch resonated with two Shark Tank investors, Lori Greiner and Kevin O’Leary.
Recognizing the product’s potential for emotional impact and financial success, they offered a combined investment of $400,000 for 10% equity, along with royalties on both direct-to-consumer and business-to-business sales.
This strategic partnership provided Parting Stone with the resources and expertise needed to scale the business and reach a wider audience.
2. Investment Impact
The Shark Tank investment significantly boosted Parting Stone’s growth trajectory. With increased financial backing and the Sharks’ guidance, the company was able to expand its production capabilities, streamline operations, and forge strategic partnerships with funeral homes.
This expanded reach allowed Parting Stone to offer its comforting memorial option to more families across the United States, solidifying its position as a leader in the funeral industry.
Parting Stone’s Unique Offering
1. Solidified Remains
Parting Stone offers a comforting alternative to traditional ashes. Instead of a fine powder, families receive a collection of 40-60 solid stones.
These stones, created from the cremated remains, provide a tangible connection to their loved ones. They are smooth, solid, and easy to hold, offering comfort and solace during times of grief.
2. The Process
The transformation of ashes into stones is a simple yet remarkable process. A small portion of the ashes is combined with a proprietary binder, which solidifies the ashes into a moldable form.
The mixture is then carefully shaped and polished into individual stones. The entire process is designed to be respectful of the remains and to create a beautiful, lasting tribute.
3. Personalization Options
Parting Stone understands the importance of personalization in memorialization. Families can choose from a variety of colors and textures for their stones, allowing them to create a unique and meaningful tribute that reflects the personality and spirit of their loved one.
The ability to personalize the stones adds another layer of comfort and connection, making the memorial even more special.
Customer Testimonials
1. Comfort and Healing
Countless families have found solace and healing through Parting Stone’s unique memorial option.
Many share stories of how holding the stones brings them closer to their departed loved ones, offering a tangible reminder of their presence.
This physical connection provides comfort during the grieving process, allowing families to feel a sense of peace and closure.
2. The Emotional Connection
Unlike traditional urns, Parting Stone’s solidified remains invite interaction and connection. Families can hold the stones, carry them in their pockets, or display them in their homes.
This tactile experience strengthens the emotional bond with their loved ones, keeping their memories alive in a tangible way.
3. Beyond Ashes
Parting Stone’s solidified remains represent more than just a physical object. They symbolize a legacy of love and a lasting tribute to those who have passed away.
By choosing Parting Stone, families create a meaningful and enduring way to honor their loved ones, ensuring their memory lives on for generations to come.
Business Growth and Impact
1. Direct-to-Consumer Sales
Since appearing on Shark Tank, Parting Stone has experienced a surge in direct-to-consumer sales.
This increased demand highlights a growing acceptance and desire for alternative memorialization options.
More and more families are choosing Parting Stone as a way to create a personal and meaningful tribute to their loved ones.
2. Funeral Home Partnerships
Parting Stone’s partnership with funeral homes has expanded its reach, making the solidified remains option more accessible to families across the country.
This collaboration allows families to easily incorporate Parting Stone into their memorial plans, offering them a wider range of choices for honoring their loved ones.
3. Beyond Humans
Recognizing the deep bond between humans and their pets, Parting Stone also offers solidified remains services for beloved animal companions.
This extension of their services provides pet owners with a unique and comforting way to memorialize their furry friends, ensuring their memory continues to bring joy and love.
Parting Stone in the Media
1. Shark Tank Exposure
Parting Stone’s appearance on Shark Tank served as a powerful catalyst for change in the funeral industry.
The national exposure not only introduced the innovative concept of solidified remains to a wider audience but also sparked conversations about alternative memorialization options.
The Sharks’ investment and endorsement further legitimized the company’s mission and contributed to its rapid growth.
2. News Coverage
Following their Shark Tank success, Parting Stone garnered significant media attention. News outlets across the country featured stories about the unique memorial option, highlighting its emotional appeal and potential to transform the way people grieve.
This widespread coverage helped raise awareness of the company’s offering and sparked interest among consumers and funeral industry professionals alike.
3. Social Media Buzz
Social media platforms played a crucial role in amplifying Parting Stone’s message and fostering a sense of community.
Families who chose solidified remains shared their personal stories of comfort and healing, inspiring others to consider this alternative memorial option.
This organic word-of-mouth marketing proved invaluable in building brand awareness and trust, further solidifying Parting Stone’s position as a leader in innovative memorialization.
The Future of Parting Stone
1. Product Development
Parting Stone is committed to continuous innovation and improvement. The company actively seeks new ways to enhance its solidified remains offering, exploring different materials, textures, and personalization options.
They also aim to expand their product line to include complementary memorial products that cater to diverse preferences and needs.
2. Market Expansion
Parting Stone’s vision extends beyond national borders. They aim to make their comforting memorial option available to families worldwide, providing solace and healing to those who have lost loved ones.
By forging international partnerships and adapting to cultural nuances, Parting Stone seeks to create a global network of support for those navigating the grieving process.
3. Community Engagement
Parting Stone recognizes that grief is a universal human experience that deserves compassion and support.
The company actively engages with the community by partnering with grief support organizations, hosting educational workshops, and creating online resources.
They aim to foster a safe and supportive space where individuals can share their stories, connect with others, and find solace in their shared experiences.
FAQs
How long does it take to receive the solidified remains?
The typical turnaround time is 6-8 weeks. This allows for the careful creation and personalization of each stone.
Can I divide the stones among family members?
Yes, the stones are designed for sharing. Each set provides enough for family and friends to have a tangible reminder of their loved one.
Is Parting Stone available for pets?
Absolutely! Parting Stone offers solidified remains services for both humans and pets, recognizing the deep bond we share with our animal companions.
Are the stones durable?
Yes, the stones are designed to be durable and long-lasting. They are resistant to fading, chipping, and cracking, ensuring they remain a cherished keepsake for years to come.
How do I order Parting Stone?
You can order directly through the Parting Stone website or through a participating funeral home. Their team will guide you through the process and answer any questions you may have.
The Bottom Line
Parting Stone offers a unique and comforting alternative to traditional cremation ashes. By transforming ashes into touchable stones, they provide families with a tangible way to hold onto memories and find solace during times of grief. With a commitment to innovation, community engagement, and expanding access, Parting Stone is revolutionizing the way we memorialize loved ones.
