Did you know Fresh Patch was on Shark Tank?
Despite making it far along the Shark Tank application process in both 2013 and 2014, it was only in 2015 that Andrew Feld, president of Fresh Patch, was successful in making it on to ABC’s Shark Tank.
With a national audience of 8 – 10 million viewers, the show offers a huge audience to showcase a product or service in front of.
As an already successful business with $1 million in sales, Andrew still went on the show to pitch to the Sharks.
To gain capital for the business Andrew would ask for $150 000 for 10% equity of Fresh Patch. His main points being his successful sales revenue, subscription-based business model, and plans to reduce shipping costs by establishing an East Coast distribution facility.