What Happened To Flasky Flowers After Shark Tank?

Flasky Flowers is an innovative bouquet holder that doubles as a beverage storage solution, enhancing the wedding experience.

The top portion of the Flasky Flowers holder is designed with dry foam, allowing for the elegant decoration of fresh flowers. This part can be easily opened to add drinks, making it discreet; the flowers hide the beverage, so no one can tell it’s there.

A flexible straw is cleverly concealed within the arrangement, remaining invisible to guests. Each Flasky Flowers bouquet holder is reusable, making it a sustainable choice for celebrations. This product is available for purchase on the online platform Etsy.

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Who Is The Founder Of Flasky Flowers?

Kelly Moynihan is the Co-Founder and CEO of Flasky Flowers, a company she started with her husband, Ryan Moynihan, who is also a Co-Founder.

When Kelly conceived the idea for Flasky Flowers, Ryan made the significant decision to leave his job to care for their seven children, allowing Kelly to focus on building the business. To support their venture, they even sold their house.

How Was The Shark Tank Pitch Of Flasky Flowers?

Kelly and Ryan Moynihan entered Shark Tank seeking $50,000 for a 10% equity stake in their company, Flasky Flowers. Kelly thoroughly explained their innovative product and shared the inspiration behind it.

The couple revealed that their total lifetime sales amount to $21,000. Each Flasky Flowers product retails for $20 and costs $1.77 to produce, with the added benefit of being 100% made in the United States. All their sales are conducted online.

In a heartfelt moment, Kelly shared that they sold their house to finance the business while Ryan left his job to care for their seven children. Kelly had invested $60,000 into the venture.

However, the wedding industry faced significant challenges during the COVID-19 pandemic in 2020. Lori Greiner made an initial offer of $75,000 for a 20% equity stake. Eventually, Kevin, Mark, and Lori collaborated to present a joint offer of $50,000 for 30% equity, each taking a 10% stake. The husband-and-wife duo accepted this offer.

Finalize: Lori Greiner, Kevin O’Leary and Mark Cuban Invest $75K in ‘Flasky Flowers’ for 30% Equity.

What Happened To Flasky Flowers After Shark Tank?

Despite the initial sales being modest, the high-profit margin of Flasky Flowers impressed all the sharks, leading to a deal. The entrepreneurs, Kelly and Ryan Moynihan, took a significant risk by leaving their jobs and selling their house to start this business while raising their seven children. Their journey has been deeply emotional, but their product aims to bring a humorous touch to weddings.

After their appearance on Shark Tank, there was a flurry of reactions on Twitter, with some users criticizing the company as “super irresponsible.” However, it is believed that their sales must have doubled since the show aired.

To further entice customers, Flasky Flowers offered a special discount of 20% on their official website, valid until November 23, 2022.

Reactions to the product were mixed, with some praising it as innovative while others expressed skepticism. By October 2022, marking one year since their Shark Tank appearance, the price of the product had increased by $25.

As of November 2022, there is no concrete evidence regarding whether Mark Cuban, Kevin O’Leary, and Lori Greiner finalized their deal with the company. Nonetheless, Kelly and Ryan have been actively promoting their business during the Black Friday sale, indicating their commitment to growth.

What Is Flasky Flowers Net Worth?

Since appearing on Shark Tank, there has been limited information available regarding Flasky Flowers. Accurate details about the company’s annual revenue have not been disclosed. Based on available data, we estimate the company’s net worth to be between $0.3 million and $0.5 million.

Yes, Flasky Flowers is still in business as of November 2022.