Shark Tank Pitch

Misto Box Shark Tank Update

Published:

3m

Scottsdale, AZ

Misto Box Shark Tank Update

Pitch Overview
NameMistoBox
Main PresentersSamantha Meis and Connor Riley
Presenter Image
MistoBox Entrepreneurs: Samantha Meis and Connor Riley
Product Image
MistoBox Product Image
Last Known in Business10/29/2022
Main Location

Scottsdale, AZ

Order Shown in Episode1
Final DealDeal 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 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.

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 ByLabelSharks Part of DealSummary
CompanyOffered$75k for 15% of company
SharksOfferedKevin O'Leary$75k for 25% of company
SharksOutRobert HerjavecOut
SharksOutLori GreinerOut
SharksOutDaymond JohnOut
CompanyDealMark Cuban$75k for 30% of company
Mark Cuban
Mark Cuban

Mark Cuban

Made Deal

Daymond John
Daymond John

Daymond John

Out

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Offered

Lori Greiner
Lori Greiner

Lori Greiner

Out

Robert Herjavec
Robert Herjavec

Robert Herjavec

Out

Updates in Shark Tank Episodes

Update SeasonUpdate 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 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.
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 , 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.
According to dailycoffeenews.com and clivecoffee.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 .
Sam (Samantha) put up the beginning of a website, sunmoonhouse.com , 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.

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