Cave Shake
Dealketo, paleo shake
Cave Shake is a keto, paleo shake that got its big break on Shark Tank in Season 10, and convinced Charles Barkley to invest.
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From the show
The Shark Tank pitch
- $250K
- Asked for
- 10%
- Offered equity
- $2.5M
- Sought valuation
- $250K
- Deal amount
- 20%
- Deal equity
- $1.3M
- Deal valuation
The team stepped onto the carpet in Season 10, Episode 4 in the episode that aired October 28, 2018. Cave Shake, the keto, paleo shake, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
The ask was $250,000 for 10% of the company, an implied valuation of $2.5M.
Charles Barkley made the deal at $250,000 for 20% equity. That priced the company at $1.3M, a haircut from the $2.5M the founders walked in asking for, which is how negotiations in the Tank usually go.
Season 10 saw 92 pitches, and 63 of them closed a deal on air. In the Food & Drink category overall, roughly 61% of pitches have landed a shark across the show's history.
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Frequently asked questions
Where can I buy Cave Shake?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name.
Did Cave Shake get a deal on Shark Tank?
Yes. Cave Shake closed a deal for $250,000 in exchange for 20% equity, with Charles Barkley.
Which shark invested in Cave Shake?
Charles Barkley invested in Cave Shake ($250,000 total as aired).
What season of Shark Tank was Cave Shake on?
Cave Shake appeared in Season 10, Episode 4, which aired October 28, 2018.
How much was Cave Shake asking for on Shark Tank?
The founders asked for $250,000 for 10% of the company, a $2.5M valuation.
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