Shark Tank Pitch Recap
In Season 8 Episode 6, Alex Craig and Riad Bekhit appeared on Shark Tank seeking $50,000 for 10% of their customizable potato postcard, Potato Parcel.
Here’s a quick recap before we dive into the Potato Parcel Shark Tank update.
- : He really likes it and think they’re going to sell a lot of potatoes.
- : He’s going to sit back, relax, and watch the other Sharks fight over this one.
Out - : She personally thinks that taking this seriously, as far as a Shark investing, is crazy.
Out - : It’s not completely crazy. In order to make this work, he needs to see a path to $100 million in sales. He needs to see more substance and these are just empty calories.
Out - : He thinks they can get to $5-10 Million in sales with plans to go to retail.
Offer: $50K for 10% + 50 cent royalty for the first 60 days, then $1 royalty until $150K is paid. - : He wants to expand into cucumbers and carrots.
Offer: $50K for 25% - :
Counter Offer to Robert: $50K for 17.5% - :
Counter Offer to Kevin: $50K for 10% + $1 royalty to Alex + $1 royalty to Kevin.
| Season 8 Episode 6 | |
|---|---|
| Episode Number | |
| Network | |
| Air Date | October 28, 2016 |
| Business Pitch | custom messages written on a potato |
|---|---|
| Entrepreneur/Founder | Alex Craig and Riad Bekhit |
| Asked For | $50,000 for 10% |
| Deal | $50,000 for 10% |
| Shark | Kevin O’Leary |
| Business Status | In Business | |
|---|---|---|
| Estimated Valuation | ||
| Website | potatoparcel.com |
After Shark Tank Update
Twitter on a potato? The company that limits you to 140 letter messages or a single image on a potato is still in business. It didn’t take long for the potato postcard company to blow up after appearing on Shark Tank.
In early 2017, Potato Parcel went viral after a publicity stunt where the company sent Dirk Nowitzki of the Dallas Mavericks, dozens of anonymous potato postcards which congratulated him for reaching the 30,000 career points milestone.
Hello Alex, Congratulations.
Kevin and Robert are great sport good one them helping the kids out and having some fun.. I would absolutely love to see these guys in dragons den on selling potatoe parcel ?
Stupid af
yo who called this stupid? this is great! almost as good as shitexpress!
Can’t believe people actually buy this cripe…