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Crazy Tuna

Season 2 · Episode 1 · pitch 2 of 3

Crazy Tuna is an Egyptian online platform and seafood brand that processes and sells local Red Sea and Mediterranean tuna cuts (such as steaks, burgers, fajitas, smoked tuna, and saku sashimi) as…

  1. Ask · EGP
    2.5Mfor 20%
  2. Best offer · EGP
    6.25Mvaluation
  3. Closed · EGP
    2.5Mfor 40%

3 offers · 1 joint · 1 revision

Implied valuation: the ask implied EGP 12.5M; the deal closed at EGP 6.25M, 50% below it. The founder gave away 2× the equity they asked for.

The pitch, minute by minute

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23:07 · 5 investors · tap a marker to see the quote

Key takeaways

  • Closed 2.5M EGP for 40% with Ahmed El Sewedy + Mohamed Farouk: a 6.25M valuation, 50% below the 12.5M asked.

  • The founder gave 2.0× the equity they asked for (20% → 40%).

  • 3 investors made 3 offers (1 joint) and 1 revision. The highest valuation offered was 6.25M. The founder took it.

  • The ask came 0:03 into the pitch, in the opening.

  • The opening covered, in order: ask, vision, personal story, product solution, problem, business model, traction numbers.

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40 investor events, all 40 matched to what was said · 11 answers graded · 15 figures

Aired in season 2 (2023), episode 1 · We don’t host video; timestamps onlyHow the data is built

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