Mee-Mas Gumbo Shark Tank Pitch
Great Gumbo is hard to find according to Carol Foster, Creator of Mee-Mas Gumbo. I agree with her as Gumbo lover, it is hard to find. That's why she developed her fully seasoned Gumbo Brick base allowing you to add the ingredients you want.
Her Gumbo generated a half million dollars before coming into Shark Tank, and now has the opportunity to become a permanent product in CostCo LA store, but she needs an investment to fund the order.
Mee-Mas Gumbo Episode Data
- Company: Mee-Mas Gumbo –Website
- Entrepreneur: Carol Foster
- Ask: $200,000 for 20% equity
- Episode Season 4 Episode 423
- Companies in this episode:
- First Aired: 05/02/2013
- Deal: Lori Greiner and Kevin O'Leary $200,000 for 50% equity
What do the Shark Tank Investors say about Mee-Mas Gumbo?
- Mark Cuban – loves the Gumbo, but feels Carol is not ready to scale. He is out.
- Daymond John – thinks Carol is heading in the right direction, but he does not feel this is an investment for him. He is out.
- Kevin O'Leary – is concerned about the processes not being in place to scale the business.
- Lori Greiner – is on the fence, when Carol admits she is homeless and working to get this business off the ground. Kevin and Lori go in on the deal together after hearing this and are going to help Carol make her dream come true.
- Robert Herjavec – does not like the margins in this business, he is out
Mee-Mas Gumbo after Shark Tank
Evidently, the deal fell through after the show and Carol posted on the Mee-Mas Gumbo Twitter account that the Sharks reneged on the deal. They are clearly upset with the Sharks, and their is another report that she may have called the legal radio show, “Handle on the Law” to ask if she could sue Kevin O'Leary for breach of contract according to a reddit thread. That is unfortunate.