Christmas lights provide a wonderful element to the holiday season. However, installing these lights is extremely dangerous and difficult. Many must use staples to hang them and scale tall ladders. This may be time-consuming and hazardous. Nathan Schaffer was determined to resolve this issue. Eve Drop is a product that he developed. This tool makes it simpler to swiftly and safely hang Christmas lights.
People would not need to hang lights every year if Eve Drop was built, according to Nathan. It was a temporary fix. In Season 6 he presented his concept to Shark Tank. He requested $75,000 from the sharks in return for 20% of his business. Will the entrepreneur get a deal on Shark Tank? Check out the Eve Drop update to find out!
In our Eve Drop Update update research, Nathan continued to work on Eve Drop following his Shark Tank proposal. He wanted his product to be successful because he believed in it. However, it was not simple. Sales remained modest. Nathan was unable to expand the company as much as he had intended. Eve Drop endured years of hardship. Nathan was forced to shut down the business in 2017.
The product can no longer be purchased. Eve Drop does not have an official website or shop. Nathan gave up on his goal of simplifying Christmas lights.
In terms of an Eve Drop Update update, Nathan did not receive a Shark Tank contract. He offered the sharks twenty percent of his company in return for seventy-five thousand dollars. He revealed his sales figures and spoke about how Eve Drop operated. The product was not trusted by the sharks. They believed that sales were too poor to demonstrate success. No sharks offered anything. Without a deal, Nathan departed the tank.
Eve Drop net worth shark tank update 2025
Nathan was looking for an investment of $75k in exchange for 20% equity in the company. At the time of the episode, he valued his company at $375k. Nathan did not secure a deal with any of the sharks. Without an investment, the company’s net worth remained around $375k. After the show was aired, the company experienced some exposure, but sales remained low. Nathan struggled to grow the business, and Eve Drop eventually shut down in 2017. As per my rough estimate, the current net worth of Eve Drop in 2025 is $0, as the company is no longer in operation.
Eve Drop was developed by Nathan Schaffer to make the holidays simpler for everyone. He was aware that a lot of people like Christmas lights but detested hanging them. It was risky in addition to being difficult. People are at risk when using staples and climbing ladders. Nathan intended to use a straightforward product to address this issue. Eve Drop was created by Nathan to function with residential gutters.
It made it simple to slip Christmas lights into position. The product remained in place for years after it was installed. Homeowners would therefore only have to hang their lights once. Nathan thought his product was useful and different. It was really difficult to start the company. Nathan had to design a successful product. Additionally, he needed to locate buyers. To raise funds he started a Kickstarter campaign.
However, the effort only raised $4,500. This was insufficient to expand the business. Nathan put a lot of effort into making Eve Drop a success. He desired for more people to be aware of it. He thought that Shark Tank might be able to aid him. However, there were several difficulties along the way.
Initial Pitch
In Season 6 Nathan introduced Eve Drop to Shark Tank. He began by outlining the issue that his product resolved. Christmas light hanging is a laborious task. It is dangerous too. To get to their homes, a lot of individuals must use ladders and staple lights. This is time-consuming and may result in mishaps. Eve Drop according to Nathan was the ideal solution.
His innovation made it simple to hang lights by working with gutters. After installation, homeowners could quickly move lights into position. Time and effort were saved as a result. As far as Nathan was concerned his product was unique. Nathan requested $75,000 from the sharks in return for 20% of his company. He presented his sales figures and described Eve Drop’s operation. He informed the sharks that he had successfully funded $4,500 on Kickstarter. “Sales were small,” he said. But he thought there was a lot of promise in the product.
The sharks asked Eve Drop a lot of questions. They were interested in learning more about the company and the product. Nathan described Eve Drop’s operation. According to him, the merchandise was set up beneath the gutters. This makes it simple and secure to hang lights. Sales figures were questioned by the sharks. Nathan informed them that his Kickstarter campaign had only brought in $4,500.
Sales, he acknowledged, were poor. This according to the sharks was insufficient to demonstrate consumer demand for the goods. A few sharks enquired about Eve Drop’s production costs. Nathan described the production costs. However, he lacked a well-defined strategy for expanding output. The sharks were interested in learning how he planned to produce more goods in the future.
Nathan did not have a clear plan, only thoughts. Inquiries about comparable items were also made by the sharks. According to Nathan Eve Drop was special. He thought it was unique among products. The sharks were not sure if people would want to purchase it though. In order to demonstrate demand they need more sales.
Shark’s Responses and Final Deal
After hearing Nathan’s pitch the sharks voiced their questions. However, they were disappointed. The first person to go was Kevin O’Leary. According to him, the business was not prepared for investment. Mark Cuban was the next to go. According to him, there was no obvious way for the product to grow. Nathan worked hard and Robert Herjavec appreciated it. However, he had little faith in the product.
He left too. Lori Greiner and Barbara Corcoran came next. They said that the poor sales figures were a major issue. More evidence of success was required. Not a single shark was offered. Without an agreement,t Nathan was forced to leave the tank.
What Went Wrong With Eve Drop On Shark Tank?
On Shark Tank Eve Drop was handed over for an offer for a number of reasons. The poor sales figures were the main issue. Nathan had only used Kickstarter to raise $4,500. This according to the sharks was insufficient to demonstrate consumer demand for the goods. The sharks thought the product could not develop either. Nathan lacked a solid strategy for growing the company.
Though he lacked a comprehensive plan he had ideas. The sharks began to question his chances of success as a result. Competition was another problem. Eve Drop according to Nathan was special. However, the sharks were not sure whether enough individuals would be interested in purchasing it.
Product Availability
The purpose of Eve Drop was to simplify the process of hanging Christmas lights. The device allowed lights to glide into place by working with gutters. This sped up and secured the procedure. Homeowners would not have to hang lights annually after they were installed. Eve Drop is not accessible anymore. In 2017 the business closed. The product is not available for purchase on any official website or retailer. Nathan gave up on his goal of simplifying Christmas lights.
Conclusion
Eve Drop was a clever solution to a typical Christmas dilemma. Nathan Schaffer put a lot of effort into making his product a success. However, sales were poor and the sharks did not think the company was viable. Nathan did not get a deal when he departed Shark Tank. After the show, the firm suffered for years. It closed in 2017. Eve Drop is no longer accessible as of right now. Although Nathan’s proposal had potential it was unable to find a market.
Hey there, it’s Andaleb Youns. I am a freelance content writer and am currently pursuing a BS in English Language and Literature. I have expertise in writing Blog Posts, social media content, and copywriting. I know how it feels to be a student and still be dependent on parents to fulfill even basic daily needs. This realization became apparent while watching Shark Tank. Although I started watching this show out of boredom, it proved to be an inspirational show. The show made me realize the importance of hard work, being independent, and of having a business of my own. I still look forward to it for entertaining and inspirational content.
