PetPlate
PetPlate

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.”

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A photo posted by PetPlate (@petplate) on

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”

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