Chocolate milk tastes great, but it’s not good for you. Manny Lubin and Josh Belinsky brought their healthier, high-protein chocolate milk alternative to
Shark Tank Slate Update
- Entrepreneurs: Manny Lubin and Josh Belinsky
- Business: Nutritious chocolate milk alternative
- Ask: $400,000 for 10% equity
- Result: No deal
- Shark: None
Slate founders gave a great presentation, but the sharks were less than impressed when they first tasted the chocholate milk. This low sugar, high-protein, lactose-free canned chocolate milk came in several flavors, but none of them were very appealing.
The extremely high valuation didn’t sit well with the sharks, either. To top it all off, Slate had no revenue, as they were still in the pre-sale stage.
Lori Greiner bowed out because it was too early for her. Kevin O’Leary hated the taste and didn’t think it could go to market as it was and dropped out.
Barbara Corcoran dropped out because of the lack of sales and no proof of concept on top of the crazy valuation.
Mark Cuban made it clear that he didn’t like the taste, so he went out too. This left Rohan Oza. He liked their energy, but his gut was telling him to pass.
He went out, leaving Slate without a deal. How are they doing now? Find out in our Slate update.
It turns out that Manny and Josh are doing much better than the sharks expected. We got the chance to talk with Manny and get an official Slate update.
“Slate is now sold in roughly 5,000 locations and has a full-time team of 30 employees,” Manny told us. “All of the products have since been reformulated since we filmed the episode.”
Manny continued, “For us, I think it’s a great reminder of how far we’ve come. We still have a long way to go, but since then we’ve just kept building and building.”
While we don’t have an exact revenue number for our Slate update, Manny and Josh have been able to establish some retail relationships and expand its online presence.
You can find Slate Chocolate Milk on the company website and it’s also available in Whole Foods, Giant, Publix, and a ton of independent grocers.
Before you go, check out our other company updates from Season 11 Episode 23 here:
Don’t forget to stop by our Season 11 products page to find our other company updates from Season 11.
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Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!