As of June, 2023, this business is still up and running.
ENERGY BITS AFTER SHARK TANK TV
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Both Daymond and Robert think she’s irresponsible and Catherine leaves with no deal. Lori thinks the packaging is misleading so she’s out. Here’s what has happened to her product since then. The judges werent completely sold on the product, and Arnston, unwilling to compromise, walked away. Kevin says no investor is going to give her money because she isn’t making any. Catharine Arnston, owner of a start-up selling a product called ENERGYbits, appeared on Shark Tank in Season 8, and asked for a 500,000 investment for 5 equity. The previous year, she did $300,000 and made no money because she put everything back into the business.
ENERGY BITS AFTER SHARK TANK FULL
Last week, Cuban told the Full Send podcast that after investing. In six years, she’s done $1.5 million in sales. Over more than a decade on ABC’s Shark Tank, billionaire Mark Cuban has seen his share of good investments and bad ones. A large bag of 1000 tablets costs $40 to make and they sell for $115. When Mark questions the health claims, Catherine fumbles her answer. She hands out samples and the Sharks, with the exception of Robert, don’t like the taste. Catherine is seeking $500,000 for 5% of her business. Wonderful had to ask what she was looking for an investment. Will the Sharks like algae? Posts About EnergyBits on Shark Tank BlogĪlgae-Based Food Supplement EnergyBits Company InformationĬatherine enters and immediately starts telling her story. She likely wants a Shark to help with managing growth. The product gives athletes instant energy and endurance, stops hunger, helps with weight loss, helps prevent colds and hangovers, speeds muscle recovery for athletes, reduces high blood pressure, diabetes and other illnesses. The company is expanding nationally and internationally. Algae-based foods were used by Germany to prevent mass starvation after WWI and again by the Japanese after WWII.Īrnston started the business in 2008 to create a healthy, low-calorie snack.
In the early 1900’s, German scientists discovered algae had the highest concentration of protein in the world and could be used as food. All EnergyBits are 100% organic, 100% natural, 100% green, and 100% non GMO. They provide people with a high protein, high performance snack food that is 60% protein. Energy Bits are small algae tablets that you chew or swallow. Catherine Arnston hopes the Sharks like algae when she pitches EnergyBits, her algae-based nutritional supplement tablets, in Shark Tank episode 810.
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