Grease Bags Shark Tank Update

Grease Bags Shark Tank Pitch

LaTangela Newsome appeared on Shark Tank Season 8, Episode 13, which aired on January 12, 2017, with Eco-Friendly Grease Disposable Bags.

Grease Bags is listed in the Lifestyle Home category. In plain terms, the business is described as Eco-Friendly Grease Disposable Bags.

Grease Bags asked the Sharks for $75,000 for 25%, implying a valuation of about $300,000.

On the show, Grease Bags made a listed deal with Barbara Corcoran for $75,000 for 50%.

If treated as straight equity, the listed deal works out to about $150,000 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.

Grease Bags After Shark Tank

Grease Bags accepted an on-air Shark Tank deal for $75,000 for 50%. The on-air deal did not close. The company is still in business. (Grease Bags Shark Tank Update

She ran into production and distribution SNAFU's and had a lot of angry customers in December of 2017. (Grease Bags Shark Tank Update

As of December, 2021, you can buy the bags on the company website and Amazon. (Grease Bags Shark Tank Update

The official website for Grease Bags is listed as www.greasebags.com. (Grease Bags website

Sources

Sources used for this page: Shark Tank API pitches