Shark Tank Pitch

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Slice of Sauce Shark Tank Update

2m

Food Beverage

Pitch Overview
NameSlice of Sauce
Main PresentersCody Williams, Emily Williams
Order Shown in Episode1
Final DealOffer made from sharks

Slice of Sauce Shark Tank Pitch

Cody Williams and Emily Williams appeared on Shark Tank Season 12, Episode 10, which aired on January 14, 2021, with dehydrated condiments packaged into convenient slices.

Slice of Sauce is listed in the Food Beverage category. In plain terms, the business is described as dehydrated condiments packaged into convenient slices.

Slice of Sauce asked the Sharks for $200,000 for 10%, implying a valuation of about $2 million.

On the show, Slice of Sauce made a listed deal for $200,000 as debt which converts to 20% equity when 1.8 million in sales is reached.

If treated as straight equity, the listed deal works out to about $1 million implied valuation, down from the original $2 million implied valuation.

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

Offers

Made ByLabelSharks Part of DealSummary
SharksDeal$200,000 as debt which converts to 20% equity when 1.8 million in sales is reached
CompanyOffered$200,000 for 10%

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

Slice of Sauce After Shark Tank

Slice of Sauce accepted an on-air convertible-debt deal, but follow-up coverage says the deal did not close. The idea was memorable, but turning sheet-form condiments into an affordable, repeatable food business proved difficult. (Slice of Sauce Shark Tank Update ).
By late 2022, update tracking found no reliable way to order the product, dormant or missing social activity, and a homepage that had fallen back to a coming-soon posture. (Slice of Sauce Shark Tank Update ).
The business is now treated as closed. For readers, the important distinction is that the Shark Tank appearance produced curiosity, but not a lasting operating condiment brand. (Slice of Sauce Shark Tank Update ).

Sources

Sources used for this page: Shark Tank API pitches , Shark Tank API episodes , sharktankblog.com .

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