![]() The business has annual sales of $4 million. As of June, 2023, this business is still up and running. ![]() The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Both Daymond and Robert think she’s irresponsible and Catherine leaves with no deal. Lori thinks the packaging is misleading so she’s out. Kevin says no investor is going to give her money because she isn’t making any. The previous year, she did $300,000 and made no money because she put everything back into the business. In six years, she’s done $1.5 million in sales. A large bag of 1000 tablets costs $40 to make and they sell for $115. When Mark questions the health claims, Catherine fumbles her answer. ENERGYbits Pure Spirulina Tablets Bag of 1,000 Tablets (250mg per Tablet) Non-GMO, Non-Irradiated, Blue Green Algae Keto, Vegan, Superfood Premium Quality Spirulina Tablets, 7500mg Per Serving, 33 Servings Per Bag, Easy to Swallow 250mg Tablets. She hands out samples and the Sharks, with the exception of Robert, don’t like the taste. Catherine is seeking $500,000 for 5% of her business. Tisch also makes a 100,000 offer in return for 40 equity. Lori makes a 100,000 bid for 30 percent ownership of the company. Mark, Daymond, Kevin, and Barbara like Doughp’s dream, but they also struggle with reality. Wonderful had to ask what she was looking for an investment. Kelsey entered the Shark Tank seeking a 450,000 offer in return for 10 equity shares of the company, worth 4.5 million. Will the Sharks like algae? Posts About EnergyBits on Shark Tank BlogĪlgae-Based Food Supplement EnergyBits Company InformationĬatherine enters and immediately starts telling her story. She likely wants a Shark to help with managing growth. The product gives athletes instant energy and endurance, stops hunger, helps with weight loss, helps prevent colds and hangovers, speeds muscle recovery for athletes, reduces high blood pressure, diabetes and other illnesses. The company is expanding nationally and internationally. Algae-based foods were used by Germany to prevent mass starvation after WWI and again by the Japanese after WWII.Īrnston started the business in 2008 to create a healthy, low-calorie snack. In the early 1900’s, German scientists discovered algae had the highest concentration of protein in the world and could be used as food. ![]() All EnergyBits are 100% organic, 100% natural, 100% green, and 100% non GMO. They provide people with a high protein, high performance snack food that is 60% protein. Energy Bits are small algae tablets that you chew or swallow. Catherine Arnston hopes the Sharks like algae when she pitches EnergyBits, her algae-based nutritional supplement tablets, in Shark Tank episode 810. ![]()
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