Lauren Padawer is a commercial fisherman and the creator of Alaska Glacial Mud Company. She is pitching her company in Shark Tank Season 5.
Lauren asks who wants to get their face dirty and play in the mud with her. She says that this mud is the cleanest in the world.
Alaska Glacial Mud Company products have clay that draws the impurities out of the skin.
Alaska Glacial Mud Company does $36,000 a year wholesaling product all over the year. Her product retails for $34 but costs $3. She has invested $50,000 in her business.
Alaska Glacial Mud Company Episode Statistics
Company: Alaska Glacial Mud Company
Entrepreneur: Lauren Padawer
Ask: $100,000 for 20% equity
Companies in this episode: Alaska Glacial Mud Company, invisiPlug, LockerBones, Balloon Distractions
Season 5 Episode 514
Sharks: Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Greiner, Robert Herjavec
First Aired: 11/13/2015
Deal: No Deal for Lauren, but the Sharks have tremendous respect for her.
What do the Shark Tank Investors say about Alaska Glacial Mud Company?
Mark Cuban asks how much Lauren makes on the fishing side. She makes a little over $100,000 a year on her own. Mark thinks she needs to connect to something already in place like calling it Copper River Glacial mud so people will link to it, but he is out for now.
Barbara Corcoran believes Lauren has a great story and a lot of things going for her. Barbara talks about Nardo's and that it is tough to be retail and spa. She needs to figure out who you are. She is out.
Kevin O'Leary thinks anyone can go pick up mud out of the Copper River. He can't go down the river with her because he has mud on his face! He is out.
Lori Greiner believes it is hard to crack into the spa market, and she understands why she is having a problem getting in, and for that reason, she is out.
Robert Herjavec tells Lauren that her mud may be better, but the consumer doesn't know it. You can't go global when you are only doing $36,000 a year. He is out.
Alaska Glacial Mud Company after Shark Tank
The Shark Tank effect is worth far more than the $100,000 investment Lauren asked for Alaska Glacial Mud Company. Her orders and visibility spiked, and she prepared to ensure she could handle orders.