What Happened To MinusCal After Shark Tank?

MinusCal is a fat-blocking protein bra designed with Choleve, a unique ingredient derived from fruits, which is said to absorb dietary fat, potentially aiding in weight loss. The company also offers science-based snack bars and diet tablets aimed at promoting weight loss through fat-blocking properties.

According to their claims, individuals who consume the protein bar for eight weeks, in conjunction with a balanced diet and exercise, may lose between 1 to 7 pounds.

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Who Is The Founder Of MinusCal?

MinusCal was co-founded by Barrett Jacques and Crom Carmichael, officially launching in 2017.

Barrett Jacques

Barrett serves as the Vice President of MinusCal. He has a diverse background, having worked as a recording artist for two years with Sony Music Entertainment.

Additionally, he held the position of Director of Business Development for several years at Nashai Biotech and MetaPhy Health, where he gained valuable experience in the biotech and health industries.

How Was The Shark Tank Pitch Of MinusCal?

In their Shark Tank pitch, co-founders Barrett Jacques and Crom Carmichael sought an investment of $500,000 for 20% equity in MinusCal.

They delivered an engaging presentation, using a humorous demo involving two men representing Choleve and fat to illustrate how Choleve works to block fat absorption.

Carmichael emphasized that Choleve is a natural blend derived from fermented tea, aimed at lowering cholesterol when taken before meals.

Robert Herjavec questioned the product’s testing, expressing concerns about its effectiveness. Mark Cuban challenged the safety of the product, pointing out that while they claimed taking two pills could help reduce calorie intake, they did not explicitly endorse that claim.

He noted the branding of “minus-cals” but felt it lacked substance, stating that it seemed like “investing in air.” Daniel Lubetzky mentioned his preference for real foods and opted out, while Kevin O’Leary felt the valuation was too high for a startup, leading to his exit. Lori Greiner was uncertain about Choleve’s credibility and also chose to bow out.

Ultimately, Mark Cuban voiced strong opposition, advising viewers against purchasing the product and declaring himself out.

Despite their entertaining approach and innovative concept, the sharks remained skeptical, leading to an unsuccessful pitch for funding.

Finalize: “MinusCal” Didn’t Get a Deal on Shark Tank.

What Happened To MinusCal After Shark Tank?

Mark Cuban faced criticism for his conduct during the Shark Tank pitch for “MinusCal.” Many viewers felt he was overly critical, starting his negative remarks before co-founders Barrett Jacques and Crom Carmichael had completed their presentation.

He even advised the audience against purchasing the product, which sparked backlash on social media, where many praised Robert Herjavec and Kevin O’Leary while condemning Mark’s behavior.

According to Barrett Jacques’ LinkedIn profile, MinusCal has been out of business since 2019. After his time with the company, Jacques became the Director of Business Development at MetaPhy Health but left that position in 2022.

By the end of 2019, MinusCal had closed its doors, and its website, minuscal.com, is no longer active. This outcome reflects the challenges the company faced in gaining traction and credibility in the market.

What Is the Net Worth of MinusCal?

MinusCal was valued at $2.5 million during its appearance on Shark Tank, according to the founder, although no revenue figures were revealed. After the episode aired, the company was criticized and represented as a scam by many viewers.

Yes, “MinusCal” is closed since 2019.