Next up is Renaldo Webb of PetPlate, seeking $100,000 for 10 percent equity.
PetPlate offers human-quality pet food. Pet parents can pick their furry friend’s meals and have them delivered straight to their doorstep. The food, which includes oven-roasted turkey and farmhouse beef, is made from natural ingredients, includes essential vitamins and minerals and is gluten free. Plans range from $19.95 to $89.95 per week depending on the dog or puppy’s weight. According to their website, their mission is rooted in the belief “that all pets deserve real food that nourishes the body, mind and soul.”
The sharks give it a try and Mark Cuban says he likes the taste. They have just over 100 subscribers after being in business for eight months. He hopes to expand to urban areas given that their company is based in Brooklyn.
Kevin O’Leary worries about the amount of money that will be needed to scale the business, while Robert Herjavec wonders about the delivery model. Despite being inspired by his desire to educate pet owners about their pet’s health, Lori Greiner finds that there are too many obstacles in growing the business. She goes out, followed by Herjavec based on his low subscription numbers.
Guest shark Chris Sacca finds his story impressive and calls him “a dream partner,” however, he sees the business as a competitor to one of his existing investments. He too goes out. Mark Cuban is also impressed by his accomplishments but doesn’t feel as though he would be the right partner.
O’Leary again cites the difficulty in scaling and goes out as well.
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six 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. Venture capitalist Chris Sacca is also slated to appear as a guest shark 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 $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.
Social Media Reacts to PetPlate’s Appearance on “Shark Tank”
Man I was pulling for him to get a deal. He deserves it #petplate #SharkTank
— Scott Stuart (@ScottStu1) December 3, 2016
So sad for this #petplate guy. I hope another investor is watching and helps him out. #SharkTank
— J (@JGrey622) December 3, 2016
Shame on you #SharkTank. The only way we'll change/improve our pets' health if companies like @PetPlate can compete and thrive. ❤️
— Pixie Isle (@emeraldpixieisl) December 3, 2016
Love the @PetPlate idea and owner. Wish #sharktank had teamed up
— Carolyn Bain (@bainunc) December 3, 2016
@PetPlate @ABCSharkTank #SharkTank you have a brilliant idea! I have 2 dogs that would love this food. BIG mistake from the sharks!!
— Averygirl (@AveryKyliegirl) December 3, 2016
Sigh this @Petplate guy is so awesome I hope he makes it in something. He's a great example of hard work and drive to succeed. #SharkTank
— The Last Unicorn YouKnow (@Scorpio1080) December 3, 2016
Keep going, @PetPlate! Your passion and heart set you apart! #sharktank
— Chynna Haas (@ChynnaHaas) December 3, 2016
Would you try PetPlate? Sound off in the comments section below!
Read more:
- Shark Tank: Tandem Boogie Accepts $100,000 From Daniel Lubetzky and Robert Herjavec
- Shark Tank: LuLu Bang Sauce Fails to Get A Deal
This article was written for Business 2 Community by James Spillane.
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