Eco Flower Update

ecoflower-after-shark-tank

SEASON 8 EPISODE 7

PITCH

Floral bouquets made from sustainable and recyclable materials.

ENTREPRENEUR

Meagan Bowman

ASKED FOR

$400,000 for 10%

GOT

$400,000 for 20%

SHARK

Daymond John

Eco Flower was the rags to riches story that everyone was rooting for. Unfortunately for the founder Meagan Bowman, both her and Daymond had to leave EcoFlower behind. Meagan had entered the Shark Tank holding only 25% of her company. In the end, she didn’t have enough control over her own company.

Unfortunately (or fortunately for some, Eco flower is no longer in business. After Meagan and another partner were forced out, JW Capital, the investment company which held 50 percent of the business, purchased the remaining half of Eco Flower.

According to Crunchbase, JW Capital is lead by Ryan Westwood and Travis Johnson. JW Capital is an angel investment group that accelerates the growth of start-up companies. Travis is on the Board of Directors of several companies including Simplus, Zipclient, Eco Flower, Lionheart Innovations and Harvest Lane Honey. He currently owns and manages a commercial real estate portfolio in excess of $24 million held under the company Infinite Investments.

But earlier this year, employees announced through Instagram that Eco flower would be closing its doors. The website which remained up for a while, has now finally shut down. And Johnson and Westwood have moved on to their next projects.

Its a sad lesson in why you shouldn’t give away a majority stake in your business as early as she did. But since then, Meagan has moved on, having launched a similar flower company called Sola Wood Flowers, also based in Ogden.

Visit the Sola Wood Flowers website
Share:
Subscribe
Notify of
guest
7 Comments
Inline Feedbacks
View all comments
Justinweiff

Glad to see the company is doing well. Love from Russia.

Mel

So disappointed I have, I believe, a $50 gift card with no way to use it and I’m out that money! So upsetting…I loved the designs and flowers that Meagan createsd!

Meagan bowman

Yes I did :). Thanks for giving an update. I am so much better off without investors. I own 100% of my company and I am no longer controlled by people who know nothing about my industry. After I left in 2016, the investors took over the business and left countless customers without orders and no way to get a refund. This entire ordeal was embarrassing and Shark Tank was the best thing that came of it. Shark Tank gave me the confidence to leave that mess behind and stand on my own two feet. Meagan, founder Eco Flower Sola… Read more »

Fred

What happened to Damon’s investment?

Kay

Yeah you suck you basically just used Daymon 🤦🏻‍♀️

Pat

What you’re saying makes no sense. Daymond didn’t invest in her company. That means he never gave her any money. Most of the deals on shark tank dont go through if the entrepreneur or the sharks feel its not in their best interest.

monaa

Can’t ya make bouquets again since eco flowers went under?