Talbott Teas
DealSpecialty Food
Talbott Teas, the specialty food, landed on the national radar after pitching the sharks in Season 3, and convinced Kevin O'Leary to invest.
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Shark Tank products move fast. Names change, packaging changes, and some sell out or get discontinued. The Amazon button checks live price and availability for Talbott Teas.
From the show
The Shark Tank pitch
- $250K
- Asked for
- 20%
- Offered equity
- $1.3M
- Sought valuation
- $250K
- Deal amount
- 35%
- Deal equity
- $714K
- Deal valuation
Steve Nakisher and Shane Talbott faced the sharks in Season 3, Episode 5 in the episode that aired February 17, 2012, bringing their Emeryville, CA business with them. Talbott Teas, the specialty food, pitched in the Food & Drink category, one of 318 food & drink businesses to brave the Tank across all 17 seasons.
They came in asking $250,000 in exchange for 20% equity, putting a $1.3M valuation on the business.
Kevin O'Leary made the deal at $250,000 for 35% equity. That priced the company at $714K, a haircut from the $1.3M the founders walked in asking for, which is how negotiations in the Tank usually go.
Across Season 3, 28 of 60 pitches ended in a handshake. 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 Talbott Teas?
Check current price and availability on Amazon. Note that some Shark Tank products are discontinued or sold under a new name. The company's official website is another option.
Did Talbott Teas get a deal on Shark Tank?
Yes. Talbott Teas closed a deal for $250,000 in exchange for 35% equity, with Kevin O'Leary.
Which shark invested in Talbott Teas?
Kevin O'Leary invested in Talbott Teas ($250,000 total as aired).
What season of Shark Tank was Talbott Teas on?
Talbott Teas appeared in Season 3, Episode 5, which aired February 17, 2012.
How much was Talbott Teas asking for on Shark Tank?
The founders asked for $250,000 for 20% of the company, a $1.3M valuation.
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