Every so often, an idea comes to
Shark Tank Flasky Flowers Update
- Entrepreneur: Ryan Moynihan and Kelly Moynihan
- Business: Flower bouquets with flasks inside
- Ask: $50,000 for 10% equity
- Result: $75,000 for 30% equity
- Shark: Kevin O’Leary, Mark Cuban, and Lori Greiner
Ryan and Kelly Moynihan, a husband and wife duo, have given their all for the last few years into Flasky Flowers. This wedding-focused company creates bouquet stands with hidden flasks inside. Per the demonstration, the straw is hidden inside the flowers so that brides can discreetly sip wine or water during their special day.
The sharks think the idea is fun, but also a little bit out there. Kevin O’Leary calls it a ‘crazy chicken’ idea but concedes that some of them do really well. Flasky Flowers sells for $20 retail and costs $1.77 to make. They have $21,000 in lifetime sales.
The entrepreneurs explain that they sold their house to invest in the business. They put in $60,000 of their own money and Ryan quit his job so he could stay home and take care of the kids — all 7 of them. The sharks are absolutely floored by this risk.
But they waste no time getting down to business. Lori Greiner makes an offer right away. She offers $50,000 for 20% equity in the business because she thinks it’s fun.
Kevin immediately speaks up, because he and Mark Cuban want to make an offer together. Kevin is in the wedding business, after all, plus he and Mark have both made deals for silly products in the past. They were able to make a ton of money from them, too. Mark wants to bring Lori in on the deal since she’s interested too.
They work out the numbers and settle on $75,000 for 30% of the company, so they each put in $25,000 and get 10% equity.
Before they can accept the deal, Barbara Corcoran makes a joke about offering $50,000 for 5% of the company, as long as she can take two of their children home. Obviously, this isn’t a sincere offer.
The entrepreneurs decide to accept the three-way offer. No one saw it coming! But where is the company today? Find out in our Flasky Flowers update.
As of now, Flasky Flowers still sells primarily direct-to-consumer through their website. They raised the price of the flask to $25, and that doesn’t include the flowers. While research for our Flasky Flowers updates didn’t turn over any new numbers, we’re sure that they’re enjoying their
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