Shark Tank Return Home, a burial and cremation alternative service founded by Micha Truman and Katey Houstonno, entered Shark Tank USA in 2023 on Season 15. The founders were seeking $2 million for 5% equity for their business. Unfortunately, they couldn’t secure a deal with the Sharks. In this article, we will explore Return Home’s net worth in 2024, its Shark Tank pitch summary and more.
Return Home Net Worth
As of March 2024, Return Home’s estimated net worth is $4 million, and its estimated annual revenue was $700K in 2023.
| Net worth | $4 million *estimated |
| Annual Sales Revenue | $700K (2023) *estimated |
| Profits | Not Available |
| Lifetime sales | $1.5 million |
| Employees | 1-10 employees |
Return Home Net Worth Timeline
| Net Worth 2024 | $4 million |
| Net Worth 2023 | $40 million (Business valuation) |
Shark Tank Return Home Update from Season 15
Micha and Katey entered Shark Tank seeking $2 million for a 5% equity stake, valuing their company at $40 million. They proposed a model for turning bodies into soil through Terramation, a sustainable end-of-life service over burial and cremation. Despite generating $350,000 in sales in 2021 and crossing $350,000 by May 2023, the company was still losing money. They had raised $5 million, with a last valuation of $20.6 million in 2022, but they presented a $40 million valuation to the sharks, which surprised and deterred some.
Mark Cuban exited early, unimpressed by the presentation. The other sharks, Kevin O’Leary and Daniel Lubetzky expressed concerns about the high valuation. As entrepreneurs explained, their service, named the Termination process, turns a body into the soil within 60-90 days.
Micha says that of the $5,500 service cost, they earned 70 bodies per month at $3,800 each and a transformation cost of $1,200 per body. The founders aimed to keep prices low to make their service more accessible.
Frustrated by the company’s decision not to charge more, Kevin O’Leary opted out, especially given the costs of traditional burial and cremation. Guest shark Daniel Lubetzky followed suit due to valuation concerns. Daymond John mentioned that he didn’t like the business model and exited. Lori Greiner agreed with Sharks on the valuation but suggested a “valuation evaluation” and opted out. Finally, The pitch ended with no deal.
| Company Name | Return Home |
| Founders | Micha Truman and Katey Houstonno |
| Business | A company specializing in human composting, offering an environmentally friendly alternative to traditional burial and cremation |
| Episode | Season 15 Episode 02 |
| Asked Deal | $2 million for 5% equity |
| Final Deal | No Deal |
| Sharks | No Sharks |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Auburn, Washington |
What Happened to Return Home after Shark Tank?
As of March 2024, the Return Home is still in business. It’s too early to provide an update on Return Home’s sales performance after their appearance on Shark Tank. Yet, signs show the company gaining more attention, notably from a recent feature in The Seattle Times. You can get more ideas about their service by visiting the Return Home website.
Return Home Founder
Micha Truman and Katey Houstonno are the founders of Return Home. The company started in June 2021. Katey began her career as a funeral director in England at 16, later moving to the USA at 18. Inspired by her experiences, especially during her grandfather’s funeral, she believed she could provide better services.
On the other hand, Micah spent two decades in China after college, primarily working in the wedding industry. Upon returning to the USA, he aimed to create something that would contribute to making the world a better place, leading him to the venture they are currently pursuing. Micha Truman and Katey Houstonno’s net worth is unknown as of March 2024.
Return Home Achievements and Awards
| Year | Achievements and Awards |
| 2021 | In 2021, the business initiated its operations and successfully raised $675,911.30 through StartEngine to support the development of its facility |
| 2023 | In October 2023, Terramation, transforming human bodies into the soil, was legally permitted in select states. These states include Washington, California, Oregon, Colorado, and Vermont The company was featured on Shark Tank Season 15 |
Conclusion
Shark Tank is a TV show showcasing different business ideas, helping them succeed. Return Home was one of the ventures featured on the show. Despite the loss of deal, the company showed that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 02.
