Last into the tank are Sam Polk and David Foster of EveryTable, seeking $1 million for five percent equity.
EveryTable puts a healthy twist on fast food. According to their website, the company’s “mission is to make nutritious, fresh food affordable and accessible to all” by selling fresh and healthy food for the same price as a fast-food meal. The food is available in both affluent areas and food deserts, where access to affordable, healthy food is limited. They currently have several locations in California.
Guest shark Rohan Oza likes the philosophy of the business and thinks the food tastes “fantastic.” He’s worried, however, about the valuation. Last year, they did $2.6 million in sales across their five locations.
Barbara Corcoran likes their presentation and mission but doesn’t view the duo as entrepreneurs. She goes out, followed by Robert Herjavec. Lori Greiner says she loves the mission but fails to see their creativity, drive and fire. She goes out, as does Mark Cuban. Despite his concerns over the valuation, Oza decides to offer $1 million for 13.3 percent, which they counter at 5.5 percent equity.
Ultimately, the duo counters at $1 million for 6.7 percent, which Oza again counteroffers at $1 million for 10 percent. They accept.
Social Media Reacts to EveryTable’s Appearance on “Shark Tank”
Everytable love the concept and the idea, a much need product #SharkTank
— Lance Becvar (@Dadsonpowermode) January 29, 2018
— Camille Allen (@reallifecamille) January 29, 2018
— PaperSpock (@PaperSpock) January 29, 2018
— Community Deb (@CommunityDeb) January 29, 2018
— Daymond John (@TheSharkDaymond) January 29, 2018
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging businesses to multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group.
Philanthropist and Virgin Group founder Richard Branson, Spanx founder Sara Blakely, Skinnygirl Cocktails founder and Real Housewife Bethenny Frankel, Vitamin Water founder Rohan Oza and former MLB player Alex “A-Rod” Rodriguez are also slated to appear as guest sharks this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $100 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Sunday at 9 p.m. on ABC.
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