Return Home Net Worth Shark Tank Update

After death, humans are paid tribute and their body is either buried or cremated, especially in Christianity. Their bodies are made with the earth either through burning or through laying in the depth of the earth in a huge steel casket. However, this causes pollution to the very earth.

Micah Truman and Katey Houston, the founder and licensed funeral director of Return Home, have an eco-friendly solution for all of us. Instead of cremation and burying, they have introduced terramation, where a human body is converted into soil in just 60 to 90 days. After the process, the soil remains are given back to the family or scattered in their eight-acre woodland, helping in the regeneration of life. 

The founder and director came on Shark Tank to request $2M for 5% equity in their company. Katey also demonstrated how the process works in a vessel. Let’s see what they are up to.

Return Home Net Worth Shark Tank Update

Micah Truman and Katey Houston were looking for an investment of $2 million in exchange for 5% equity in Return Home, which valued the company at $40 million. However, they did not secure a deal as all the Sharks backed out. At the time of the episode, the company’s valuation was $40 million. After the show aired, Return Home gained a good boost in exposure, especially through media coverage. As per my rough estimate, the current net worth of Return Home in 2024 is around $15 million.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Kevin O’Leary	Out	N\A	N\A
Mark Cuban	Out	N\A	N\A
Daniel Lubetzky	Out	N\A	N\A
Lori Greiner	Out	N\A	N\A
John Daymond	Out	N\A	N\A

The Director and Founder’s Backstory

Katy is originally from the UK and she has been a funeral director since the age of 16. She decided to take the job when her grandfather was buried in an average way. She considers herself empathetic toward others and thus sticks to the role.

Micah after college went to China and worked in the marriage industry for 20 years. Then he went to the US again, built a team and technology, and thus created Return Home.

Initial Pitch

The founder and licensed director came on the show to seek $5M for a 5% equity stake. Katey explained that in the termination process, the dead body is put in a vessel with straw, alfalfa, and sawdust. Then with the help of the body’s microbes, the body slowly changes into soil in 30 to 40 days. Afterward, the compost is stored for an additional 30 days before returning to the family.

Queries about the Product

Lori asked the first question about their capacity for a collective termination as the vessels are huge. Katey replied that in total they have 74 vessels and a 12K foot warehouse that is open for the family to come anytime they want.

Micah added that burial costs $8K, cremation $9K, and their terramation process costs only $5,500.

Cuban then asked about their competitors. Micah highlighted that there are three companies in Washington that use the same process. Their system is unique as their technology allows families to be present and watch the process themselves.

Kevin in order to understand their $40M valuation, asked about their sales. The founder highlighted that last year they made $350K in sales. This year they would make the same number of sales at the end of May.

Kevin also asked about their profit from that money. Micah replied that they are a money-losing company.

Cuban asked about the money raised and its valuation. He replied that they had raised a total of $5M.

Kevin was curious to know their last valuation from the raised amount. The founder pointed out that the valuation was $20.6M in the last year.

When Kevin asked them to justify their $40M valuation, Micah tried to pitch his company instead of giving reasons for the high valuation.

Lori asked about the company’s margin. He replied that it is about $3800, as it costs around $1200.

Shark’s Response and Final Decision

Cuban was the first shark out of the deal as he was disappointed with Micah’s reply for the high valuation point.

Kevin then followed Cuban and decided to drop the deal too as he didn’t like the idea of giving up 30% margin if they could take $8K for the process.

Daniel, after accepting that their valuation was crazy, dropped the deal too.

Lastly, Daymond and Lori also backed out of the deal as Daymond was not passionate about their business and Lori was already in a similar business. She also added that their valuation does not make any sense.

Product’s Availability

After appearing on the show, they’ve been gaining more attention since their appearance on the show even though they were not successful in getting a deal. Recently, The Seattle Times featured them, highlighting the company on their site. If you visit the Return Home website, you’ll find a few different package options, with prices slightly reduced since the episode aired.

Conclusion

With their eco-friendly design and making the last moment of humans beneficial for the earth, Return Home is the best choice for humans. The company made an impression on the audience by their empathy for Mother Earth however, they were not able to convince the sharks of the deal. The good news is the company is still functioning and providing services to all the families in the country.