Next into the tank is Kat Nouri of Stasher, seeking $400,000 for five percent equity.
Stasher offers reusable silicone bags that make storing food more eco-friendly. According to their website, the bags feature “a patented, award-winning design that is eco-friendly, environmentally safe, and long-lasting.” Stasher bags are an alternative to traditional plastic storage bags and can be used time and time again thanks to their easy-to-clean design. The sandwich bags, which are available in clear, slate, citrus, lime and aqua, cost $11.99. Other patterns are available for the sandwich and snack bags.
In one year, they have done $1.6 million in sales. Fifty percent of sales is done through ecommerce. They are currently profitable. Mark Cuban calls her a “beast.”
Robert Herjavec commends Nouri’s energy but doesn’t see the advantage of the product and goes out. Barbara Corcoran thinks she is a great salesperson but thinks Stasher’s health benefits should have been communicated on the packaging. She goes out. Lori Greiner then shares that she and Rohan Oza are out, which hardly has any effect on Nouri, who is solely focusing on Cuban.
She revises her offer to $400,000 for seven percent for Cuban, which he then updates to $400,000 for 20 percent with a $400,000 line of credit. Nouri counters 15 percent, which he accepts.
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.
Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
Would you use Stasher bags? Sound off in the comments section below!
VISIT THE SOURCE ARTICLE
Author: Erica Abbott