Potato Parcel Shark Tank Update

Potato Parcel Shark Tank Pitch

Riad Bekhit and Alex Craig appeared on Shark Tank Season 8, Episode 6, which aired on October 28, 2016, with custom messages written on a potato.

Potato Parcel is listed in the Services category. In plain terms, the business is described as custom messages written on a potato.

Potato Parcel asked the Sharks for $50,000 for 10%, implying a valuation of about $500,000.

On the show, Potato Parcel made a listed deal with Kevin O'Leary for $50,000 for 10%.

If treated as straight equity, the listed deal works out to about $500,000 implied valuation, roughly the same implied valuation as the ask.

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

Potato Parcel After Shark Tank

Sources