Shark Tank Victory Coffees Update
- Entrepreneur: Cade Courtley
- Business: Subscription-based coffee service
- Ask: $250,000 for 20% equity
- Result: No Deal
- Shark: None
Before we proceed with our Victory Coffees update, let’s talk about who Cade Courtley is and what the company is all about.
First off, Cade is a former Navy SEAL and former TV host, as well as the author of SEAL Survival Guide: A Navy Seal’s Secrets to Surviving Any Disaster. Heading into the
The veteran-owned business had done $30,000 in sales at the time with the goal of creating a salesforce composed of veterans like Cade.
The sharks appeared to love how Victory Coffees tasted. However, Mark Cuban raised his concern about how small the business currently is. Mark pointed out that Cade lacked focus. Meanwhile, Robert Herjavec thought of Victory Coffees as more of a marketing company than a coffee company. After giving Cade their thoughts, the two sharks went out.
Lori Greiner also followed suit. She thought there were too many businesses in the same market already. Daymond John echoed Mark’s sentiment. He believed that Cade was in the tank too early, so he went out. The last to leave the deal was Kevin O’Leary, who thought that the business was not investable.
With all the sharks already out, Robert encouraged Cade to keep going as he stepped away from
Cade appears to have taken the shark’s words to heart. After appearing in
Want to know what happened with the other companies on
For more company updates from Season 8, check out our Season 8 products page.