|SEASON 8 EPISODE 13|
|Pitch||eco-friendly grease disposable bags|
|Asked For||$75,000 for 25%|
|Deal||$75,000 for 50%|
What is Grease Bags?
Grease Bags is a company that makes environmentally friendly bags that allows consumers to decompose their used cooking oil. Instead of pouring the used oil down the drain and later using lots of money repairing them once they block, consumers can pour the grease onto these non-toxic, absorbent bags that decompose the oil, protecting the environment.
Who Founded Grease Bags?
Grease Bags was founded by Latangela Newsome, a single mother from Texas who loves cooking. Before venturing into entrepreneurship, Ms. Newsome was a marketing Major and an author at Peak City Publishing, where she wrote a book against cyber-bullying on children. Currently, she runs the Green Bags company.
Latangela’s motivation is driven by her desire to make the environment safer for animals and plants by reducing pollution and waste. She aims to educate the masses on the negative impact of improper disposal of grease and oils on the environment.
Ms. Newsome also loves cooking, especially chicken wings, and desires that her cooking will not lead to further environmental degradation from the waste oil and grease. She was frustrated by the tendency of some individuals pouring the used grease and cooking down the drain. She did things the right way to set up a better example for her son, whom she loves cooking for.
In 2016, Latangela launched a fundraiser to raise finances for her business. However, she ended up not getting the desired amount, and this, coupled with other obstacles, was the main impediment in her entrepreneurial journey.
Grease Bags Shark Tank Update
Did Grease Bags Get a Deal on Shark Tank?
On Shark Tank Season 8 Episode 13, LaTangela Newsome accepted an offer of $75,000 for 50%, from Barbara Corcoran.