Before we dive into the Vade Nutrition update from
Shark Tank Vade Nutrition Update
- Entrepreneurs: Joe and Megan Johnson
- Business: Nutritional protein shakes
- Ask: $250,000 for 10% equity
- Result: $700,000 for 40% equity
- Sharks: Mark Cuban and Alex Rodriguez
After answering some of the most important questions about the product, Joe and Megan were ready to discuss the financial numbers of their company. They made sure to discuss the nutritional facts about their protein shakes before shifting their focus though. When they finally started talking numbers, the sharks seemed a little bit concerned that they only had $80,000 in total sales, most of which came from their online website or through Amazon.
Kevin O’Leary raised his concern about the potential high customer acquisition costs that Joe and Megan might face with Vade Nutrition. In addition, Mark Cuban seemed more interested in taking the product down the pathway of licensing. Shortly after expressing his intentions, he made an offer of $350,000 for 20% equity. He decided to offer more money in exchange for more equity in return.
Alex Rodriguez, the guest shark for the episode, wanted to offer $700,000 for 40% equity on the condition that he could partner with Mark Cuban and help boost the company to record levels. Joe and Megan ultimately decided to accept their generous cash offer while giving up a large chunk of their company’s equity. But they thought it was worth it to get two sharks in on the deal.
Now let’s take a look at the Vade Nutrition update to see how the company is doing after
While our Vade Nutrition update research didn’t show that the company has exploded in popularity, it still looks like Joe and Megan have had pretty good success after
You can find the other company updates from Season 10 here:
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