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Shark Tank: Sparketh, Oat House, Flasky Flower, and Incredible Eats

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Guest Shark, Daniel Lubetzky, joined Sharks Mark Cuban, Kevin O’Leary, Lori Greiner, and Barbara Corcoran in the Shark Tank to hear a variety of entrepreneurs pitch their products in hopes of securing an investment partner. Sparketh, Oat House, Flasky Flower, and Incredible Eats all presented compelling business cases to the Sharks. Three of these companies were able to leave the tank with one or more Sharks on their teams.

Sparketh Lands Two Sharks

Childhood best friends, Tim Samuel and Dwayne Walker, came to the Shark Tank to showcase their company, Sparketh. Because art education is often not a focus of public education, Tim and Dwayne have created a subscription-based service that allows young artists to learn different types of art from a variety of artists based upon their individual specialties. With a focus on working with home school families, Sparketh is on track to end 2021 with $500,000 in sales.

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    Seeking a $100,000 investment in exchange for 8% equity in Sparketh, Tim and Dwayne are hoping to partner with a Shark that will help them to fund more content and a new website. Impressed by their mission and their passion, Barbara Corcoran and Daniel Lubetzky decide to partner together to offer Sparketh $100,000 in exchange for 20% equity. They do make their offer contingent upon Sparketh becoming profitable after 6 months following their partnership agreement. Tim and Dwayne accept Barbara and Daniel’s offer.

    Oat House Strikes Out in the Shark Tank

    Philadelphia natives, Eric Katz, Ali Bonar, and Ari Schraer, have created an oat-based granola butter spread containing oats, flax, olive oil, maple syrup, and spices. This gluten and nut-free vegan spread can be used as a substitution for nut butter and can also be used as a drizzle glaze for a variety of dishes. Hoping to raise $375,000 in exchange for 5% equity in Oat House, the trio of friends is looking to partner with a Shark who is able to assist them with their marketing to acquire new customers and grow sales.

    Although they plan to end this year with $2,500,000 in yearly sales, the Sharks are concerned that Oat House has other investors which makes it a much more narrow path for their repayment. They also are concerned that Eric, Ali, and Ari are focused on their future exit from the company rather than growing and expanding the company in the present. Although they love the taste of the product, the Sharks decide not to invest in Oat House.

    Flasky Flower Partners with a Trio of Sharks

    Husband and wife, Ryan and Kelly Moynihan of Florida, are all in with their company, Flasky Flowers. After prototyping their initial product, which allows bridal parties to store beverages in their flower arrangments, the couple sold their home and invested their money into their business. In order to continue to grow their business, the couple is hoping to find a Shark willing to invest $50,000 in exchange for 10% equity in Flasky Flower.

    The Sharks all love their product and think that they can easily sell it into the wedding market. The product features a plastic flower arrangement holder which can accommodate fresh or artificial flowers, and has a flask reservoir and straw built into the center of the product. In an unusual turn of events in the Shark Tank, three Sharks decide to partner together to offer Ryan and Kelly more than they asked for initially. Mark Cuban, Kevin O’Leary, and Lori Greiner collectively offer Flasky Flower $75,000 in exchange for 30% equity. Ryan and Kelly quickly accept their offer.

    Incredible Eats Accepts an Offer From Lori Greiner

    Dinesh Tadepalli is on a mission to replace single-use plastic utensils to prevent millions of tons of plastic waste from entering landfills every year. With his company, Incredible Eats, Dinesh has developed delicious edible single-use utensils to replace plastic utensils. To grow his marketing platform, drive down customer acquisition costs, and increase sales, Dinesh is looking to partner with a Shark who is willing to invest $500,000 in exchange for 7% equity in Incredible Eats.

    The Sharks love his product but are concerned about the increase in price from plastic to edible utensils. They also fear that there is a lot of market education that would need to happen to sell the idea to consumers. Although they have reservations, Lori Greiner, Mark Cuban, and Daniel Lubetzky all extend individual offers to Incredible Eats. Because he is concerned with giving away too much equity, Dinesh accepts Lori’s offer of $500,000 in exchange for 15% equity.

    Which company was your favorite on this episode of Shark Tank? If you were a Shark, which of these companies would you have invested in? Sound off in the comments below!


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