Cave Shake Shark Tank Update

Cave Shake Shark Tank Pitch

Billie Cavallaro and Holly Heath appeared on Shark Tank Season 10, Episode 4, which aired on October 28, 2018, with keto meal replacement shake, dessert and snack.

Cave Shake is listed in the Food Beverage category. In plain terms, the business is described as keto meal replacement shake, dessert and snack.

Cave Shake asked the Sharks for $250,000 for 10%, implying a valuation of about $2.5 million.

On the show, Cave Shake made a listed deal for $250,000 for 20%.

If treated as straight equity, the listed deal works out to about $1.3 million implied valuation, down from the original $2.5 million implied valuation.

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

Cave Shake After Shark Tank

Cave Shake accepted Charles Barkley's offer and later rebranded as Space Shake, keeping the keto/vegan shake idea but trying to make it easier to scale. (Cave Shake Shark Tank Update

After the show, the company expanded flavors, lowered calories per serving and reached some retail distribution, including Whole Foods locations in California and Hawaii. (Cave Shake Shark Tank Update

The current status is not clean. The Space Shake site still resolves, but later update sources note little public activity and limited evidence of active broad-scale sales, so I marked it unknown instead of confidently active. (Cave Shake update

Sources

Sources used for this page: Shark Tank API pitches