Mother and daughter team, Monique and Tyla Simone Crayton, have triumphed over homelessness and are now in the Shark Tank seeking a partnership for their company, Sienna Sauce. Created by 8-year-old Tyla, Sienna Sauce offers unique sauces that enhance poultry and other meals. Showcasing her signature sauces like French toast bacon jam, roasted lemon pepper, and smoke sauce, Tyla has received several awards and has been highlighted at world food championships. What began as a necessity to cover expenses has now flourished, with Sienna Sauce available at Wegmans in over 68 retail locations.
Does this pitch have you feeling saucy? #SharkTank
— Shark Tank (@ABCSharkTank) February 20, 2021
Monique and Tyla are seeking a partnership with a Shark that is willing to invest $100,000 in exchange for 10% equity in their company. They specifically are hoping to find a Shark that is willing to help them establish expanded manufacturing, grow their distribution network, and develop their brand. The condiments and sauces market is a highly competitive, large market and to make a space for themselves they will need the help and guidance of someone who has been through this before. Because Tyla, now sixteen, is passionate about speaking to youths about her entrepreneurial journey, the pair would like a Shark that feels as passionate about this cause as they do.
Kendra Scott loves Tyla and Monique. She loves their story, grit, and determination, but she especially loves the taste and flavor of their product. Kendra extends Sienna Sauce an offer to invest $100,000 in exchange for 20% equity. She is going to help them grow a more expansive distribution network, refine their branding and stabilize their manufacturing process. The mother-daughter duo accepts Kendra’s offer.
Can't wait to spice up my life! Loved everything about @siennasauce ! @ABCSharkTank #SharkTank
— kendrascott (@KendraScott) February 20, 2021
Everything's bigger in Texas and this deal is fabulous! @KendraScott #SharkTank @ABCSharkTank
— Barbara Corcoran (@BarbaraCorcoran) February 20, 2021
16 years old and already on the motivational speaking circuit talking about the powers of entrepreneurship! What an amazing young woman! #sharktank #siennasauce pic.twitter.com/Hbv9wtADJM
— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) February 20, 2021
If you were a Shark, would you have invested in Sienna Sauce? Do you think the other Sharks missed out by not investing? Did Kendra make a wise decision in investing in Monique and Tyla? Begin the conversation in the comments below.