POTATO PARCEL SHARK TANK HOW TO

Robert grinned, and held his potato pal up to his face. Lori was in disbelief over those numbers. Alex let him know that the regular potato with a message on it was $9.99 and the potatoes pal, which was the potato with a picture on it, was $14.99. Kevin asked what their cost was for each potato. Riad said that they had sold over 12,000 potatoes, putting smiles and an expression of confusion on 12,000 people faces. He saw that over 5 million people had seen that in it, and saw a potential business out of it. Alex told him that he was surfing Reddit one day, and saw that the top post was of the potato with stamps on it. Robert ask Alex how he had come up with the idea. Kevin O’Leary’s potato had is famous phrase on it: “There’s nothing proprietary about this.” He said his potato was absolutely right, and asked the entrepreneurs what happened to their careers.

Mark said that he had a very handsome potato. They began to hand out the samples to the sharks.Robert’s potato had a picture of himself on it, as did Marks. Robert asked how it was packaged, and Alex informed him that it came in a bubble envelope along with little burlap sack that they included with each sample. She wondered how they were talking about something when they didn’t even know what it looks like. Before they could answer, Lori said that they need their samples. Kevin clarified the mission of the business, and asked how much it would cost for them to write a message on a potato for him. All of the other Sharks laughed, but Kevin wanted to get right down to business. Daymond feigned surprised that they were wearing potato costumes, claiming that he thought it was a pair of testicles. Mark Cuban said that it was stupid on a stick and Alex corrected him that it was actually stupid on a potato. Robert told them that he would need them to explain it a little bit further.Īlex explained that potato parcels a brand-new way of sending people a custom message that was written on a potato. Riad stated that their company was Potato Parcel, and they sent potatoes with a message through the mail. Alex said he wanted to take this pitch back to their roots, making a potato pun. Alex said over the years the Sharks have heard all kinds of over-the-top and elaborate pitches, but they were here to keep it simple. Each of them pulled off their sunglasses.Riad Bekhit requested $50,000 in exchange for a 10% equity stake in their company. They introduce themselves as Alex Craig and Riad Bekkit. Two men in potato suits and sunglasses walked onto the stage, and faced the Sharks. He ended up selling the website to Riad Bekhit, but decided that they would go to Shark Tank together and Alex would get a portion of the profits that they made from the Shark Tank effect. But Alex’s dream was to go on Shark Tank. The company was generating over $20,000 a month in pure profit. It did much better than he could’ve ever expected. He decided he was going to make a company out of sending messages on potatoes, and calling it Potato Parcel.

POTATO PARCEL SHARK TANK HOW TO

That got him seriously thinking about how to make money off of this excitement over a simple potato.

Potato Parcel Now in 2018 – The After Shark Tank UpdateĪlex Craig was cruising through Reddit one day, and found that The top post that day was of a potato.

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. It didn’t take long for the potato postcard company to blow up after appearing on Shark Tank. Twitter on a potato? The company that limits you to 140 letter messages or a single image on a potato is still in business. : He wants to expand into cucumbers and carrots.Ĭounter Offer to Kevin: $50K for 10% + $1 royalty to Alex + $1 royalty to Kevin.Offer: $50K for 10% + 50 cent royalty for the first 60 days, then $1 royalty until $150K is paid. : He thinks they can get to $5-10 Million in sales with plans to go to retail.He needs to see more substance and these are just empty calories. In order to make this work, he needs to see a path to $100 million in sales. : She personally thinks that taking this seriously, as far as a Shark investing, is crazy.: He’s going to sit back, relax, and watch the other Sharks fight over this one.: He really likes it and think they’re going to sell a lot of potatoes.Here’s a quick recap before we dive into the Potato Parcel Shark Tank update. 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.

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