Shark Tank Update
Shark Tank Pitch
Misto Box Shark Tank Update
Published:
3m
Scottsdale, AZ
| Name | MistoBox |
|---|---|
| Main Presenters | Samantha Meis and Connor Riley |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 10/29/2022 |
| Main Location | Scottsdale, AZ Loading Map |
| Order Shown in Episode | 1 |
| Final Deal | Deal was made on the show with sharks Mark Cuban for $75k for 30% of company. |
MistoBox Shark Tank Pitch
Samantha Meis and Connor Riley created MistoBox to connect coffee drinkers with small, local coffee roasters, MistoBox sends four artisan coffee blend samples to people's doors through a monthly subscription. If a customer likes a sample he/she can purchase a larger quantity on the MistoBox website.
Samantha and Connor met at the University of Arizona and developed MistoBox in their entrepreneurship program. They are friends and have never dated. Samantha and Connor got their business going by successfully raising $9k on Kickstarter https://www.kickstarter.com/projects/mistobox/mistobox-delivering-delicious-micro-roasted-coffee as well as putting in $6k each. Conor and Samantha work out of Samantha's apartment and want a larger space to work and want to hire more help.Link Preview
Kickstarter
Kevin attempts to trip up Samantha and Connor by asking what their customer acquisition cost is, and Samantha surprises him by knowing the number, which is $4.60. In four months of being in business, MistoBox has 700 subscribers. Samantha and Connor often get their coffee samples for free because local roasters want to be included in the platform to get their name out to potential customers.
It was relieving for me to type in an offer from Kevin that didn't involve a royalty that wasted everyone's time. Kevin gave a reasonable deal but Connor and Samantha wanted to work with Mark and gave up more equity to seal a deal with Mark, which Connor playfully says at the end is because Sam has a crush on Mark and Connor likes sports.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $75k for 15% of company | |
| Sharks | Offered | Kevin O'Leary | $75k for 25% of company |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Daymond John | Out |
| Company | Deal | Mark Cuban | $75k for 30% of company |
Mark Cuban
Made Deal
Daymond John
Out
Kevin O'Leary
Offered
Lori Greiner
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
MistoBox After Shark Tank
Samantha Meis and Connor Riley gave an update on MistoBox in season 7, episode 22 of Shark Tank. Three years after doing the deal with Mark, Misto Box had done $2.5 million in lifetime sales.
Connor went on the Hack The Entrepreneur https://hacktheentrepreneur.com/podcast/connor-riley podcast in 2014. Connor said MistoBox had an office in Pheonix, Arizona, for two years but no longer needed it because they outsourced their fulfillment centers or drop-ship products directly from the roasters. The team primarily works remotely but meets up on a quarterly trip. Sam and Connor often work out of a co-working space in San Francisco a few days a week. MistoBox was working on building a new website, and Connor's goal for 2015 was to have a smooth transition to the new website and reach 10k active subscriptions.Link Preview
Hack The Entrepreneur
Sam handles the design and content while Connor handles some of the operational/ logistics side of things. Sam wrote a blog post on her website, samanthameis.com https://samanthameis.com/why-mistobox-is-a-remote-happy-company, in 2017 (which as of 2022 barely functions), which she spoke about taking web development classes and how MistoBox runs fully remote with a handful of employees. They go on an annual retreat and meet about their tasks weekly.Link Preview
samanthameis.com
According to dailycoffeenews.com https://dailycoffeenews.com/2020/11/11/clive-coffee-acquires-coffee-subscription-seller-mistobox https://clivecoffee.com/blogs/learn/clive-coffee-acquires-mistobox https://www.mistobox.com and clivecoffee.com Link Preview
dailycoffeenews.com , in 2020 MistoBox was acquired by a high-end home coffee equipment seller, Clive Coffee, based out of Portland, Oregon. Connor joined Clive Coffe's management team and kept significant ownership equity in the combined businesses. In 2022 MistoBox is still active at their website, mistobox.com Link Preview
clivecoffee.com .Link Preview
mistobox.com
Sam (Samantha) put up the beginning of a website, sunmoonhouse.com http://sunmoonhouse.com/about, where she writes that she was living in Phoenix, Arizona with her husband Hank and bought a fixer-upper. She indicates that she planned to pursue more fixer-uppers and run AirBnBs but as of 2022 the website struggles to function and there are no posts. Sam Meis appears to be Sam Murphy as of 2017.Link Preview
sunmoonhouse.com
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