Sara and Josh Margulis wanted to add a particular touch to their honeymoons. For couples that preferred experiences over presents, they established Honeyfund. Couples can use this platform to raise money for vacations or other events. Their personal wedding experience served as the inspiration. Sara and Josh thought their concept would be a hit with other couples as well.
They made a proposal for Honeyfund on Shark Tank Season 6. They want ten percent equity in return for $400,000. They told the sharks about their victory. More than $200 million has already been raised for couples thanks to their site. The sharks asked a lot of questions since they were curious. Will the entrepreneur get a deal on Shark Tank? Check out the Honeyfund update!
Honeyfund Net Worth Shark Tank Update 2025
Sara Margulis and Josh Margulis went on Shark Tank asking for $400,000 for 10% of their company. This meant they thought their business was worth $4,000,000. They made a deal with Kevin O’Leary for $400,000 for 1/3 of transaction fees until repayment, plus 1/3 equity. The episode was aired on October 24, 2014. The honeymoon registry company remains active and continues to serve couples worldwide. Using the default 10% yearly growth method, the current net worth of Honeyfund is estimated to be around $12–15 million in 2025.
Honeyfund expanded even further after Shark Tank. Kevin O’Leary assisted them in growing their company. Honeyfund continues to be a popular option for crowdsourcing weddings. It began providing choices for other life events as well. Couples might now save money for a baby or a home purchase. The business continued to assist people in realizing their aspirations.
Honeyfund has contributed to the raising of more than $750 million as of 2024. It is still a reliable forum for families and couples. The dream of Sara and Josh came to pass and is still expanding.
Indeed Sara and Josh struck a deal with Kevin O’Leary. He made an equity-free offer of $400,000. As an alternative, he demanded 33 percent of their earnings until he recouped $1.2 million. Sara and Josh were able to retain ownership of Honeyfund as a result of this agreement. They obtained a reliable business partner when they agreed to Kevin’s offer. Kevin’s support helped Honeyfund grow after the show.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | #1 $500,000 for 50% equity #2 $400,000 for 30% equity | $400,000 for 25% equity. | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $400,000 for 0% equity and requested 1/3 of the profits until he was paid back $1.2 million | N/A | Yes |
| Barbara Corcoran | $400,000 for 30% equity | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Honeyfund Shark Tank pitch
Honeyfund was founded by Sara and Josh Margulis as a result of their own wedding. The guests at the wedding paid for their honeymoon. Crowdfunding was employed to do this. They were motivated by this to establish a forum for others. Instead of financial gifts, they wanted couples to have experiences that would last a lifetime. They thought that traditional registrations were out of date.
It wasn’t easy to start Honeyfund. Sara and Josh had a lot to deal with. At the time, crowdfunding was still a novel concept. People’s understanding of how it operated was incomplete. Josh and Sara needed to inform their audience. They also put a lot of effort into making the site easy to use.
The competition presented another difficulty. There were already alternative venues for crowdsourcing. Josh and Sara had to differentiate Honeyfund. They concentrated on the wedding industry. This helped them find a niche. Their dedication and hard work paid off. Honeyfund became a popular choice for engaged couples.
Sara and Josh had a clear idea as they walked into Shark Tank. They presented Honeyfund a wedding crowdfunding website. A registry might be established by couples to finance their honeymoons. Additionally, the program enabled gift-givers to cover the cost of unique experiences. These can include romantic dinners or spa services.
Josh and Sara discussed their success rates. They claimed that Honeyfund had already raised more than $200 million. They collaborated with PayPal as well. They made money from this collaboration by charging transaction fees. The prior year’s gross revenue for the company was $1 million. Their profit was $217,000.
The pair want a ten percent stake in return for $400,000. They gave an explanation for their low cost of acquiring new customers. Each consumer was acquired for a mere 88 cents. Each user brought in about nine dollars in value. The sharks were impressed with these numbers. Sara and Josh showed that Honeyfund had great potential.
Honeyfund was the subject of several questions from the sharks. Kevin O’Leary was curious about the company’s revenue-generating methods. Sara described their collaboration with PayPal. Royalties from transaction fees were received by Honeyfund. A significant portion of their income came from this.
Competition was a question posed by Robert Herjavec. He was curious as to what made Honeyfund special. Sara and Josh claimed that what made them unique was their emphasis on weddings. Other platforms were not viewed as direct rivals by them.
Scalability was questioned by Mark Cuban. He was curious about the couple’s growth plans. Josh and Sara discussed their plans for growth. They discussed including features for more life events. These included having children or purchasing homes.
The sharks also spoke about how much the firm was worth. Some felt the $400,000 ask for 10 percent equity was too high. They believed the business needed more help to grow. Despite these concerns, the sharks saw potential in Honeyfund.
The sharks responded in different ways. The first person to go was Lori Greiner. She believed that the crowdfunding industry was very competitive. Mark Cuban left as well. The company didn’t seem like a good investment to him.
The initial offer was made by Robert Herjavec. He made a 50% ownership offer of $500,000. Josh and Sara didn’t want to part up half of their business. Barbara Corcoran participated in the bidding as well. She made an offer of $400,000 for 30% stock. Her offer was promptly matched by Robert.
Kevin O’Leary offered an alternative. He made an equity-free offer of $400,000. His preference was to get 33 percent of the revenues until he reached $1.2 million. Josh and Sara thought this was the finest offer. They retained control over their business. They accepted Kevin’s offer and left the tank happy.
What Went Wrong With Honeyfund On Shark Tank?
Honeyfund made a compelling case. The sharks were impressed with the company’s performance and financial results. But some sharks were worried. Lori Greiner thought there were too many people in the market. She believed Honeyfund had too many rivals. She dropped out as a result.
Mark Cuban doubted the company’s capacity to expand. It was not a wise investment in his opinion. He thought Honeyfund could find it difficult to grow outside of weddings. He passed on the business because of this worry.
Barbara Corcoran and Robert Herjavec want excessive equity. Sara and Josh had to give up a significant portion of their business in order to accept their offers. This was not something the pair wanted to undertake. Kevin’s offer was accepted instead.
Product Availability
Honeyfund is available to buy online. A couple might create a register for their honeymoon or other important events. The platform is simple to use and intuitive. Couples might include extras like hotel stays or unique activities. Friends and relatives can directly contribute to the website.
The service is free for anyone to use. Honeyfund generates revenue by collaborating with businesses such as PayPal. For this reason, couples find it to be an attractive option. Users do not incur any fees.
The range of Honeyfund’s products has expanded. Now money may be saved for a child or a real estate acquisition. This indicates that weddings are not the only events held at the venue. Honeyfund continues to grow and attract new members.
Conclusion
Honeyfund had a successful journey on Shark Tank. Sara and Josh made a deal with Kevin O’Leary. Their platform has grown and remains a leader in the wedding crowdfunding space. Honeyfund now helps couples with other life events too. The company has stayed true to its mission of making dreams come true. Sara and Josh’s vision has helped many people create lasting memories.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
