The Matte - Shark Tank Update

Compact and foldable working area for makeup

Published Last updated

Season 12, Episode 20 Founded by Melissa Clayton In Business

The Matte Details

Shark Tank Episode Details

Founders Melissa Clayton
Air Date 2021-04-09
Season & Episode Season 12, Episode 20
Initial Ask $100K for 20.0% equity
Deal Details Got deal: $100K for 33.3% equity from Lori Greiner
Estimated Yearly Revenue $500k+
Estimated Net Worth (4x estimated revenue) $2.0 million

The Shark Tank Pitch

Professional makeup artistry met practical portability when beauty industry veteran Melissa Clayton recognized that makeup application often required stable, organized surfaces that weren't available in many real-world environments, inspiring her to create The Matte - a revolutionary foldable working surface that transformed any location into a professional-quality makeup station through innovative design and comprehensive organization features. Her entrepreneurial vision emerged from understanding that makeup enthusiasts, professional artists, and everyday users frequently struggled with inadequate workspace conditions that compromised application quality and product organization, leading her to engineer a portable solution that provided consistent, reliable makeup application environments regardless of location constraints.

The innovative design featured a compact, foldable mat that expanded to create a temporary makeup counter complete with designated spaces for brushes, products, and accessories, while the surface provided optimal lighting reflection and stable product placement that enhanced application precision and reduced spill risks during use. The Matte addressed growing demand for portable beauty solutions among professional makeup artists who worked on location, frequent travelers seeking consistent application environments, and home users with limited vanity space or poor lighting conditions that affected makeup quality and convenience.

Product positioning emphasized both professional utility and consumer accessibility, creating value for diverse user segments from working makeup artists requiring reliable field equipment to beauty enthusiasts seeking organized, efficient application experiences that elevated their daily routines through superior workspace design. Seeking $100,000 for 20% equity with a modest $500,000 valuation, Melissa entered the tank with a practical innovation that served the expanding beauty industry where portability and organization had become increasingly important factors in product development and consumer purchasing decisions.

Where Are They Now?

Lori Greiner recognized The Matte's practical utility and market potential in the growing portable beauty accessory segment, investing $100,000 for 33.3% equity in a deal that provided both substantial capital and Lori's business expertise in scaling consumer products across competitive retail markets. The partnership with Lori proved valuable as her strategic guidance helped navigate manufacturing optimization and distribution challenges while building brand awareness in the competitive beauty accessory market where product differentiation and retail relationships often determine commercial success more than innovation alone.

Post-show development included continued product refinement and market expansion efforts through both direct-to-consumer sales and retail partnerships, while customer feedback helped optimize the design and functionality to better serve diverse user needs from professional makeup artists to everyday beauty enthusiasts seeking portable organization solutions. Product availability expanded through multiple sales channels including the company website and Amazon marketplace, where positive customer reviews highlighted the convenience and functionality benefits that validated the original concept while demonstrating genuine market demand for portable makeup workspace solutions.

We found that The Matte continues operations with ongoing sales and product development, demonstrating how practical innovations addressing specific beauty industry challenges can build sustainable businesses when entrepreneurs maintain focus on customer needs and product quality rather than pursuing rapid expansion, proving that sometimes the most successful ventures emerge from understanding specialized market segments and delivering exceptional solutions that enhance user experience through thoughtful design and reliable functionality.

Revenue

$500k+

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