Are you passionate about following a healthy lifestyle as much as possible? Karen Posada’s line of 100% all-natural organic sauces and smoothies may make your diet easily more nutritious without bankrupting you. What will the sharks think of all this on
Shark Tank The Good Promise Update
- Entrepreneur: Karen Posada
- Business: Organic vegetable smoothies and sauces
- Ask: $100,000 for 20% equity
- Result: No deal
- Shark: None
The sharks thought that the taste was on the strong side, with Kevin O’Leary going as far as comparing it to ‘industrial waste’. With Karen looking for $100,000 for 20% equity, she was not off to a promising start with the sharks.
Robert Herjavec queried Karen about sales. She responded that she had a moderately successful beginning with her pasta sauces, which sold $260,000 in 18 months. Despite this, the markup on the sauces wasn’t enough to keep the business going, so she stagnated at 23% profit.
Karen introduced the vegetable smoothies, which she would be selling for $1.99 each. This led to a 40% margin. Lori Greiner was the first shark out, stating that a reformulation might be necessary for the vegetable smoothies. Robert followed, also unimpressed with the flavors.
Daymond John went out, declaring that healthy eating enthusiasts wouldn’t like the blends used. Kevin took the time to compare Karen’s smoothies to the preparation of escargot in graphic detail before going out.
Karen tried to appeal to Mark Cuban by presenting him with pre- and post-workout blends. Mark believed that she was too ambitious for the products she had, and went out.
Unfortunately, Karen had to go back home without a deal. Are you wondering what happened after she left the tank? Keep reading this Good Promise update to find out.
After she left
Both the company’s social media presence and the company website are gone. This will be our final update for The Good Promise.
But what about the other companies featured in Season 7 Episode 22? If you’d like to find out how they did, check out these other company updates below.
Finding out more about companies and products is easy when you go to our Season 7 Products Page.