Like Air Shark Tank Update (Season 15)

Like Air is a Healthy Gluten Free Popcorn Puffs Business. The founders of this business are Three Siblings Steve Atieh, Allison Lin, and Kevin Atieh. They started this company in 2020 to make better snacks without adding compromising flavors.

This is a family business, their signature Puffcorn popcorn is much better than the traditional popcorn and it melts in the mouth. This company was started a few years ago and its products are available at stores like Kroger, Meijer, HEB, ShopRite, Stop & Shop, Giant, Wegmans, Amazon, etc.

To nationalize this brand, Founders Steve Atieh, Allison Lin, and Kevin Atieh appeared in Shark Tank Season 15 Episode 11 and took $300k from the Sharks for 3.5% equity at a $8.5 Million Valuation.

What Is Like Air?

Like Air Shark Tank Update
Image credit by likeairsnacks Instagram

Like Air is a snack brand that primarily sells popcorn puffs. Their Popcorn Puffs are available in different flavors like Butter & Salt, Pancake, American Cheddar, and more. All of their popcorn is gluten-free, nut-free, made from non-GMO corn, and does not contain any artificial ingredients.

A 2-pack 2.4oz bag of Butter & Pancakes costs $12.99 on the company website and Amazon. The single pack costs $3.98 at retail stores like Kroger, HEB, etc.

Company NameLike Air
FounderSteve Atieh, Allison Lin, and Kevin Atieh
ProductGluten-free healthy popcorn puffs
Asked For$300k for 3.5% equity
Final Deal$300k for 10% equity
SharkMark Cuban Shark Tank Profile Mark CubanLori Greiner Profile for Shark Tank Lori Greiner
Episode (Shark Tank USA)S15 E11
Air DateJan 19, 2023
Business StatusIn Business
WebsiteVisit Website
HeadquartersMadison, New Jersey, USA
Lifetime Worth (Sales)$17.6M *estimated
Buy and WatchBuy NowAmazon Prime

Another Shark Tank Pitch

Who Is The Founder Of Like Air?

The founders of Like Air Snacks Business are Steve Atieh, Allison Lin, and Kevin Atieh. Like Air is a brand of Lulu Snacks Inc. Company.

Steven is an investment banker who worked many years at Bank of America and Eyetech Inc. Kevin is an accountant and has worked in many companies like Ares Management, Credit Karma, and Guild Education.

How Was The Shark Tank Pitch Of Like Air?

Kevin Atieh, Allison Lin, and Steve Atieh, three siblings entered the Shark Tank and asked the sharks for $300k for 3.5% equity. Making Cost of One bag of Popcorn puff is $0.88, Retail Cost is $3.99, and Wholesale $2.50

They invested $2.5 million to create their dedicated product line. In 2019 they raised $800k investment and the last investment they raised was $3.5 million at a $23.5 million post-money valuation.

Sales in 2020 were $100k, sales in 2021 were $2.5 million, and sales in 2022 were over $5 million in which they lost $190k. They plan to do $10 million in sales in 2023 and they plan to burn $1 million in cash this year. They plan to do about $30 million in sales in 2024, then $50 million, then $80 million.

Kevin O’Leary said 3.5% equity is not enough for him then he is out. Barbara Corcoran said that she had invested $100k in Pipcorn for 20% equity and that the company had just completed $70 million in sales, but when the seed round came, Barbara’s investment went down a lot.

Both Barbara Corcoran and Robert Herjavec refused to invest in this business. Lori Greiner offered $300k for a non-dilutable 7.5% equity. Founder countered Lori with $300k for a dilutable 7.5% equity, Lori said then 10% equity with team up Mark Cuban. They made deals with Mark Cuban and Lori Greiner.

Sharks Offers list!

Robert Herjavec Robert HerjavecNo Offer
Kevin O'Leary Shark Tank Profile Kevin O’LearyNo Offer
Mark Cuban Shark Tank Profile Mark Cuban$300k for a 10% equity (#1)
Barbara Corcoran Barbara CorcoranNo Offer
Lori Greiner Profile for Shark Tank Lori Greiner$300k for a non-dilutable 7.5% equity (#1)
$300k for a 10% equity (#2) (With Mark)
Founder’s (Countered)$300k for a dilutable 7.5% equity (#1) (Lori)
Final Deals$300k for a 10% equity

What Happened To Like Air After Shark Tank?

Mark Cuban and Lori Greiner Invest $300K in Like Air Business for 10% Equity. After this episode of Shark Tank aired, many people came to know about this business and this will help the founder in distribution.

We are currently following the founder and their business for more information.

Like Air Shark Tank Update

The siblings asked for investment from the Sharks after giving a very good presentation in Sharks Tank. They wanted to expand their business, so Sharks is a very good partner for them. Right now we are following Lulu Snacks Inc. company and founders for more information.

What Is Like Air’s Net Worth?

Like Air’s net worth is estimated at $7 million. The size of the popcorn market in the United States is very large and the estimated value of this industry in 2024 was USD 3.72 billion. In every country, many people like popcorn and this industry is gradually growing.

Annual Revenue by Years

Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.

YearsAnnual Revenue
2023$10 *estimated
2022$5M *estimated
2021$2.5M *estimated
2020$100k *estimated

Funding Reports to Date!

YearsFunding AmountInvestor
2023$300KLori Greiner
Mark Cuban

Is Like Air Still In Business?

This industry has a huge scope and the founder needs a good partner who can expand the business internationally by creating a marketing strategy.

The official headquarters of this food and beverage services business is in Madison, New Jersey, United States, and 2-10 employees are working in it.

Yes, Like Air is still in business as of January 2024.

frequently asked questions

Who founded Like Air?

Like Air was founded by Steve Atieh, Allison Lin, and Kevin Atieh.

Did Like Air get a deal on Shark Tank?

Yes, Like Air got a deal in Shark Tank.

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