Shark Tank season 12 episode 21 Recap and FAQ

Episode Summary

Truffle Shuffle, led by chefs Jason and Tyler, impressed the Sharks with their pivot to direct consumer sales and live cooking classes amidst the pandemic. Seeking $500,000 for 5% equity, they ultimately struck a deal with Mark for $500,000 at 18% equity. Cindy and Gabe Trevizo introduced Suds2Go, a portable handwashing system, asking for $200,000 for 10% equity. Their strong sales and self-funded journey led to a deal with Robert for $200,000 at 15% equity. Jill Visit's Salad Sling, a quick salad drying tool, didn't secure a deal due to scalability concerns. Justin Wang’s LARQ, a self-cleaning water bottle, started with a high valuation of $50 million. After intense negotiations, he accepted Lori and Kevin's offer of $1 million for 4% equity.

Full Episode S12E21 Recap

### Introduction - **Scene: The Sharks Prepare for Pitches** - The Sharks gear up for a new set of pitches on "Shark Tank." ### Truffle Shuffle Pitch - **Scene: Entrepreneurs Present Truffle Shuffle** - **Presenters:** Jason and Tyler - **Request:** $500,000 for 5% equity - **Background:** Both are chefs who met at a three-Michelin-star restaurant. They started Truffle Shuffle to provide quality truffles and products. - **Challenge:** Adapted to the pandemic by switching to direct consumer sales and live cooking classes. - **Demonstration:** Showed a live cooking class, making crepe suzette and truffle tortellini en brodo. ### Discussion and Deal - **Scene: Sharks Evaluate Truffle Shuffle** - Sharks impressed with the adaptability and sales figures. - Concerns raised about cash flow and business focus. - Robert offers $500,000 for 20%; Kevin makes a debt-equity offer. - Jason and Tyler counter to Mark and Robert, eventually settling with Mark for $500,000 for 18%. ### Suds2Go Pitch - **Scene: Entrepreneurs Present Suds2Go** - **Presenters:** Cindy and Gabe Trevizo - **Request:** $200,000 for 10% equity - **Product:** A portable, patented handwashing system. - **Background:** Created to maintain hygiene for their kids, especially during outings. - **Financials:** Strong sales, entirely self-funded. ### Discussion and Deal - **Scene: Sharks Evaluate Suds2Go** - The product is timely and has shown good sales figures. - Concerns about market saturation and competition. - Robert offers $200,000 for 15%, beating Daymond’s offer. Cindy and Gabe accept Robert's offer. ### Salad Sling Pitch - **Scene: Entrepreneur Presents Salad Sling** - **Presenter:** Jill Visit - **Request:** $100,000 for 20% equity - **Product:** A device to dry salad greens quickly and efficiently. - **Background:** Invented as a convenient alternative to salad spinners. - **Financials:** Modest sales, impacted by COVID-19. ### Discussion and Outcome - **Scene: Sharks Evaluate Salad Sling** - Sharks question the market potential and scalability. - Concerns about limited product range. - All Sharks eventually opt out, citing various concerns. ### LARQ Pitch - **Scene: Entrepreneur Presents LARQ** - **Presenter:** Justin Wang - **Request:** $500,000 for 1% equity - **Product:** Self-cleaning water bottle using UV-C LED technology. - **Background:** Aimed to address the issue of bacteria in reusable water bottles. - **Financials:** Strong sales with significant market opportunity. ### Discussion and Deal - **Scene: Sharks Evaluate LARQ** - The product is innovative with a substantial market. - Concerns about high valuation. - After intense negotiation, Justin accepts an offer from Lori and Kevin – $1 million for 4% equity.

Frequently Asked Questions

What is Truffle Shuffle?

A company offering quality truffles and products, including live cooking classes.

How much did Truffle Shuffle seek on Shark Tank?

They sought $500,000 for 5% equity.

What is Suds2Go?

A portable, patented handwashing system.

What was the financial request of Suds2Go on Shark Tank?

Cindy and Gabe Trevizo requested $200,000 for 10% equity.

What is the Salad Sling?

A device for quickly drying salad greens.

What was the Salad Sling's financial request on Shark Tank?

Jill Visit requested $100,000 for 20% equity.

What is LARQ?

A self-cleaning water bottle using UV-C LED technology.

How much equity did LARQ offer on Shark Tank?

Justin Wang offered 1% equity for $500,000.

Who made a deal with Truffle Shuffle on Shark Tank?

Mark made a deal for $500,000 for 18% equity.

What deal was made for Suds2Go on Shark Tank?

Robert offered $200,000 for 15% equity, which was accepted.

Did Salad Sling secure a deal on Shark Tank?

No, all Sharks opted out without offering a deal.

What was the final deal for LARQ on Shark Tank?

Lori and Kevin offered $1 million for 4% equity.

What challenge did Truffle Shuffle face during the pandemic?

They adapted to the pandemic by switching to direct consumer sales and live cooking classes.

How did Suds2Go perform in sales prior to Shark Tank?

They had strong sales and were entirely self-funded.

What was the market potential concern for Salad Sling?

Sharks questioned its market potential and scalability.

Shark Tank season 12 episode 21

Truffle Shuffle, Suds2Go, Salad Sling, Larq