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 the tank in Season 11. The product got a lukewarm reception from the sharks, however. How did it all go down? Keep reading our
Shark Tank Slate Chocolate Milk Update
- Entrepreneurs: Manny Lubin and Josh Belinsky
- Business: Nutritious chocolate milk alternative
- Ask: $400,000 for 10% equity
- Result: No deal
- Shark: None
The entrepreneurs gave a great presentation, but the sharks were less than impressed when they tasted the product. 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 Chocolate Milk 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 Chocolate Milk without a deal. How are they doing now? Find out in our
Slate Chocolate Milk is doing much better than the sharks expected. During our research for our Slate Chocolate Milk update, we found that the company has expanded its retail relationships. 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. Annual revenue is around $1 million.
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.