Shark Tank Update
Shark Tank Pitch
Soy-Yer Dough Shark Tank Update
Published:
2m
Bloomfield, Illinois
| Name | Soy-Yer Dough |
|---|---|
| Main Presenters | Sawyer Sparks |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 9/1/2022 |
| Main Location | Bloomfield, Illinois Loading Map |
| Order Shown in Episode | 4 |
| Final Deal | Deal was made on the show with sharks Kevin O'Leary, Daymond John, Robert Herjavec for $300k for 51% of Company, but it fell through after the show. |
Soy-Yer Dough Shark Tank Pitch
Sawyer Sparks invented and patented a wheat-free, gluten-free, soy-based modeling clay to cater to people with celiac disease who are allergic to the wheat in traditional Play-Dough.
According to Sawyer, 1/8 people have this disease. I swear I've heard of a million things that 1/8 people have, but nobody I meet has any of these things. Then again, I have like two friends.
Sawyer cooks Soy-Yer Dough out of his kitchen with his mom and his girlfriend. His goal is to "create jobs," while the sharks and likely his girlfriend and mother would prefer Sawyer stop focusing on this feel-good buzzword and instead free them from this slave labor and focus on efficiency and profit.
Sawyer has turned down a half-a-million dollar offer from Play-Dough to buy his patent.
I've been rich. I've been poor. Rich is much better.
Kevin is the expert licensing negotiator but Sawyer and Robert are critical of Kevin O'Learys profit focus. After Daymond tries to stir the pot up Kevin O'Leary stops the bidding war by having him, Robert, and Daymond join in on the deal. Sawyer accepts.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $125k for 25% of Company | |
| Sharks | Offered | Kevin O'Leary | $125k for 51% of Patent |
| Sharks | Offered | Kevin O'Leary | $125k for 51% of Patent with option for Sawyer to back-out if Sawyer doesn't like Play-Dough deal |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Kevin Harrington | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Company | Offered | Kevin O'Leary | $125k for 40% of Patent with option for Sawyer to back-out if Sawyer doesn't like Play-Dough deal |
| Sharks | Offered | Robert Herjavec | $125k for 40% of Company |
| Sharks | Deal Never Closed | Kevin O'Leary, Daymond John, Robert Herjavec | $300k for 51% of Company |
Kevin Harrington
Out
Daymond John
Deal Never Closed
Kevin O'Leary
Deal Never Closed
Barbara Corcoran
Out
Robert Herjavec
Deal Never Closed
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Soy-Yer Dough After Shark Tank
The deal fell through and Sawyer kept 100% of his company. He never licensed to Hasbro(the owner of Play-Dough) and instead built a factory in Bloomfield, Indiana.
Soy Yer Dough had a significant spike in sales on air-date and continued a stable business for many years. It eventually changed its name to Yer Dough to eliminate the confusion that Soy was an ingredient. In May 2020, Yer Dough got acquired by Sustainable Projects Group for an undisclosed amount.
In 2020 Yer Dough was acquired by Sustainable Projects Group for an undisclosed amount. Sawyer remains CEO, and his wife, Samantha, is the Production Lead.
Yer Dough can be purchased on their website yerdough.com https://yerdough.com.Link Preview
yerdough.com
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