My Fruity Faces Shark Tank Pitch
My Fruity Faces are edible stickers designed to get children to eat healthier. Kids have fun eating fresh vegetables and fruits with edible stickers. You place the sticker on a piece of fruit or vegetables and you eat it. The stickers are made out of tapioca starch.
The company, My Fruity Faces has $125,000 in sales over 3 years, and sold $2,000 the previous month. They were in a test in Walmart and did extremely well. They need capital to move forward. Adam and Bob do not have a purchase order to go into the stores, but they have a letter saying they can be in 3,600 stores.
My Fruity Faces has $482,000 in investment dollars and they also have $177,000 in debt. Adam and Bob have 35% of the company and eight others own the rest of the company.
My Fruity Faces Shark Tank Episode Data
- Company: My Fruity Faces – Website
- Entrepreneurs: Adam Gerber and Bob Ntoya
- Ask: $200,000 for 10% equity
- Episode Season 7 Episode 726
- Companies in this episode:
- Fashion Tap
- BrightWheel
- brellaBox
- My Fruity Faces
- Keen Home – Featured Update
- Sharks:
- First Aired: 04/29/2016
- Deal: No Deal
What do the Shark Tank Investors say about My Fruity Faces?
- Mark Cuban – asks how much cash they have, and they have $4,000 in inventory. They have $64,000 in inventory and they need to go sell the stickers. Mark likes the idea, but the execution is wrong so he is out.
- Daymond John – thinks they should have focused on selling smaller amounts and now they have taken too much money. Daymond is out.
- Kevin O'Leary – doesn't think they should invest more money into this business. He is out.
- Barbara Corcoran – sees that they have $125,000 in sales over three years. She does not see her getting her money back. She is out.
- Chris Sacca – admires their hustle and their drive, but the problem is you don't benefit from my kids sleeping better at night. You are asking for enough money to pay down debt but doesn't give you any working capital. He is out.
My Fruity Faces after Shark Tank
My Fruity Faces is selling on their website today, but I'm not sure how they are doing. The product just doesn't seem like something that I would run out and buy for my kids.