Best of Shark Tank

Saucemoto Update

SEASON 10 EPISODE 22

PITCH

in-car sauce/dip clip for avoiding spills

ENTREPRENEUR

Tony Lahood, William Moujaes, and Michael Koury

ASKED FOR

$45,000 for 15%

GOT

$45,000 for 25%

SHARK

Kevin O’Leary

STATUS

IN BUSINESS

Saucemoto was designed and created by three entrepreneurs from Milkmen Design LLC. It was founded in 2017 by William Moujaes, Tony Lahood, and Michael Koury. The entrepreneurs ‘goal is to design and produce world-changing items. They intend to solve the issue of ingesting fast foods in a vehicle with the provided multiple sauces and the messes they create.

Saucemotos are small clips that you attach to the air vent blade. It’s engineered to carry standard sauce sizes that are usually complemented by chicken nuggets and French fries.

The idea came to be when one of the entrepreneurs messed the other’s new vehicle a decade ago. The notion didn’t come to fruition until Moujaes acquired a 3D printer and started creating prototypes. Although it was well-received in the market, it wasn’t the final product. They got all sauce packets they could lay their hands on and ensured they all fit.

The proprietors of these gadgets claim that according to a study done by Stanford University, 20% of Americans consume meals in their cars. Before appearing on shark tank, the trio had garnered $63,308 from their 2017 kick-starter campaign. Wanting to expand their reach, they needed $45,000 from the Sharks for a 25% equity. Kevin O’ Leary made his first offer of $45,000 for half of the company. However, he later revised the offer to 25%, placing him on the same page with the entrepreneurs.

Saucemoto After Shark Tank

Saucemoto has sold 12,000 units for $77,000 during its lifetime. Each unit costs $0.80 to create but trades at $5.75 online. A double set costs $10.99. The entrepreneurs have created a series of clips that amount to 44,000,000 views in total.

From their official statement, the trio grew up together and were always dreamers and tinkerers. They spent much of their time dismantling and rebuilding anything they could find. Although they took different paths in adulthood, their unique experiences and interests inspired them to keep growing, learning, and creating.

The company currently has a team of engineers, designers, and innovators who work tirelessly to develop new problem-solving items. Saucemoto securely holds four most commonly used shapes and sizes of sauce containers from Burger King, Chick-fil-A, MacDonald’s, Dairy Queen, KFC, Sonic, Arby’s, Popeye’s, Carl’s jr. and Heinz. If you carry your sauce, the included small dipping dish will come in handy.


Buy on Amazon Visit the Saucemoto website

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