Saucemoto Shark Tank Update

Saucemoto Shark Tank Pitch

Tony Lahood, William Moujaes, and Michael Koury appeared on Shark Tank Season 10, Episode 22, which aired on May 5, 2019, with In-car sauce/dip clip for avoiding spills.

Saucemoto is listed in the Travel Auto category. In plain terms, the business is described as In-car sauce/dip clip for avoiding spills.

Saucemoto asked the Sharks for $45,000 for 15%, implying a valuation of about $300,000.

On the show, Saucemoto made a listed deal with Kevin O'Leary for $45,000 for 25%.

If treated as straight equity, the listed deal works out to about $180,000 implied valuation, down from the original $300,000 implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Saucemoto After Shark Tank

Saucemoto accepted an on-air Shark Tank deal for $45,000 for 25%, but later updates say the deal did not close. (SauceMoto Shark Tank Update

The product sells on Amazon and on the company website and the fellas are continuing their crusade to leave ketchup-less fries behind! (SauceMoto Shark Tank Update

By December 2022, the company is alive and kicking with $250,000 - $500,000 in revenue. (SauceMoto Shark Tank Update

The current brand site points customers to www.saucemoto.com. (Saucemoto website

Sources

Sources used for this page: Shark Tank API pitches