Shark Tank Pitch Recap
In Season 10 Episode 2, Keisha Smith-Jeremie appeared on Shark Tank seeking $150,000 for 15% – a $1 Million valuation for her island-inspired, gourmet applesauce, Sanaia Applesauce.
Here’s a quick recap before we dive into Sanaia Applesauce Shark Tank update.
- : He sees where she’s going in trying to create a new category but he also believes the glass jars make the business more complicated.
Out
- : She’s not really a fan of applesauce.
Out
- : He found Keisha’s presentation to be very impressive – until she got to the part about the trade show. He believes she has confused interest with orders, which has left him doubtful.
Out
- : She thinks the products are great and so is the price, but she sees Keisha as a dreamer who can’t justify the dream. The kind of offer she wants to make, would be insulting.
Offer: $150K for 75%
- Keisha declines Barbara’s offer and Barbara immediately goes out.
- : “It’s risky and you’re not full time which really bothers me.”
Out
- Keisha shares her story about being the breadwinner for her family and her responsibility to support her parents and siblings. She takes care of many people and this is the first thing she has ever done something for herself.
- : He is moved by Keisha’s story, but he’s not convinced that she’s an entrepreneur. He considers her impressive and even though she’s missing a few things, he thinks his team could provide it.
Offer: $150K for 25%.
Episode Info
| Season 10 Episode 2 |
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| Episode Number | |
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| Network | |
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| Air Date | October 14, 2018 |
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Pitch Info
| Business Pitch | Island-inspired, gourmet applesauce made from baked organic green apples |
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| Entrepreneur/Founder | Keisha Smith-Jeremie |
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| Asked For | $150,000 for 15% |
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| Deal | $150,000 for 25% |
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| Shark | Mark Cuban |
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Business Info
| Business Status | In Business |
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| Estimated Valuation | |
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| Website | tastesanaia.com | |
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Where can you get the product now. Online is sold out?!
They mentioned Walmart carries it… I’ll be looking for this the next visit. Regards!
I love what you guys tend to be up too. This sort of clever work and
reporting! Keep up the awesome works guys I’ve included you guys to
my personal blogroll.
Me too since it is gluten free and other things I have IBS so got to be careful.
Mott’s here we come mega sales.!!!1
I checkee Walmart and Amazon but I can’t find Sanaia’s applesauce. Has anyone purchased it!?
Sanaia has been out of production as of April 2020.
I started my own business when I was 30 years old. I never borrowed money from anyone. Not from SBA, bank, relatives, sharks NO ONE. What I had was a)confidence b) a base of 3-5 clients I knew I’d be able to start with c) low cost overhead by working out of my basement. Instead of incurring 100s of thousands in debt over a few years I made hundreds of thousands debt-free. This is the difference from the corporate mind-set and the entrepreneurial mind-set. Those sharks were right to not fund this venture as the ‘spark’ (fire/mindset etc) was lacking and they were right. Today, 30 years later I’ve made millions and never borrowed money.
Thank you so much for keeping our story alive. Like many small businesses we had challenges during COVID but are excited to share that we made it through and have relaunched on Amazon! Thanks to you we had so many people rooting for our return. Our amazing flavors are available on Amazon and at http://www.tastesanaia.com