Slice of Sauce was featured in Shark Tank Season 12, Episode 10 for funding. Its founder hoped to take investment from sharks from the Shark Tank show. What’s in Slice of Sauce Shark Tank We’ll discuss whether or not this startup got funding from sharks.
If you are a hamburger fan then you cannot imagine this hamburger without a bun, lettuce, tomato, pickles, and, of course, ketchup. Without these ingredients, a hamburger test looks like a curry without salt.
Just as nothing tastes good without salt, it cannot be accomplished without sauce in burgers, wraps, tacos, and more.
The sauce is such a thing that is eaten a lot in burgers etc. Its taste is different. Many sauces are available in the market, but this slice of sauce has not yet tasted like it, says the founder.
Founder Cody and Emily both husband-wife had invented this product during an accident in their kitchen.
The valuation of sauces is USD 4.31 billion in 2020 and this industry is growing slowly. It is estimated that in 2026, it is going to be USD 5.8 billion.
A slice of sauce makes a perfect bite for burgers etc. It is Non-GMO, no HFCS, no preservatives, Vegan, and Gluten-Free.
The founder ran a Kickstarter campaign in March 2018 and 677 backers raised an investment of $30,090 on June 22, 2018.
To buy this product, you can visit Amazon and its official website. Its 1 pack contains 8 slices.
What Is a Slice of Sauce?
Slice of Sauce is a food and beverage services startup based in Austin, Texas, United States, founded in 2016 by both husband and wife.
A slice of Sauce is a traditional bottled condiment served with mess-free slices. This product is Non-GMO, no HFCS, no preservatives, Vegan, and Gluten-Free so that there is no problem related to health issues.
It delivers flavor-packed solutions to “soggy sandwiches,” and it’s tasty, fresh, and clean. The taste rises with burgers, wraps, tacos, and more.
A slice of sauce was accidentally made in the kitchen through a natural method. Natural ingredients and Vegetables have been used in making this.
It’s one pack contains 8 pieces and it gives happiness to the people. If you are vegan then this could be perfect for you.
A slice of Sauce is a type of sauce that is completely different from other sauces it looks like bread but its taste is like sauce.
There is no spot-related problem in taking the slice of sauce during travel or office time as it is not like liquid.
The shelf life of this product is 12 months which is a very good thing and people can buy it for food in Bulkas.
Slice of Sauce Shark Tank Update
|Company Name||Slice of Sauce|
|Founder||Emily Williams and Cole Williams|
|Product||dehydrated condiments packaged into convenient slices|
|Asked For||$200,000 for 10%|
|Final Deal||$200,000 as debt which converts to 20% equity when 1.8 million in sales is reached|
|Episode (Shark Tank USA)||Season 12 Episode 10|
|Air Date||January 15, 2021|
|Business Status||In Business|
|Net Worth||$1.0 Million *Approx|
Slice of Sauce Contact Details
|Place||Austin, Texas, United States|
Who Is The Founder Of Slice of Sauce? – Emily Williams Shark Tank and Cole Williams Shark Tank
Founder Husband and Wife Cole Williams and Emily Williams’ presentations on Shark Tank were very good.
Cole & Emily work very hard to grow this startup. Both of them have already worked in many companies.
Emily completed her Bachelor of Arts at Michigan State University with a Postboxlaurate Certificate, Premedical Studies from Georgetown University.
After completing her studies she worked for Frontrunners Inc, Oppenheimer & Co. Inc. for 3 to 4 years. This. Worked in 2017 to become the co-founder of Slice of Sauce.
Cole worked for many years at CW Fitness, SoulCycle after completing his Visual and Performing Arts from Purchase College, SUNY.
Slice of Sauce Before Shark Tank
Both the founders did a lot of research in the market before starting the Slice of Sauce company, their product became accidental.
The founder had to do a lot of research to get his product in the market but he could not find any product like his product.
The founder ran a Kickstarter campaign in 2018 under the name of the creator “Bo’s Fine Foods” and raised $30,000 in funds in 4 days.
The founder had invested $120,000 in this startup at the initial time and then raised $500,000 from Fundraise.
Had invested $300,000 in Friend & Family round convertible note with $3 million caps followed by $100,000 investment from Techstars. Together, they are valued at $5 million, but the founder stated a $2 million valuation with a discount.
Did Slice of Sauce Get a Deal on Shark Tank?
Slice of Sauce founder Emily & Cole asked Shark for a $200,000 investment in 10% of the company’s equity.
The presentation of both the co-founders regarding this product was very good, he was telling his positive thing in conveying to the shark.
First of all, Barbara Corcoran told her opinion about this product. She simply said that she is not able to see the feature of this product, so she is out.
Lori Greiner says that this product is not much needed right now and its price is also very expensive compared to other sauces. She did not think it appropriate to invest in this company, so she got out.
Kevin O’Leary says the sharks are right but again offers the founder “$200,000 for a 5% stake + a royalty of 10 cents per unit $700k is paid “.
Alex Rodriguez Offered His Founder He Was “$200k As Debt Which convert to 20% equity when $1.8M in sales is reached”.
Emily’s counter offer to Alex was “$200k As Debt Which convert to 15% equity when $1.8M in sales is reached”.
Deal final Alex Invest $200,000 as debt which converts to 20% equity when 1.8 million in sales is reached in Slice of Sauce Company.
What Happened To Slice of Sauce After Shark Tank?
After Slice of Sauce Company got investment from Shark Tank, he started branding his company.
With $200,000 in funding, he invested a majority of the money in marketing and manufacturing the product, which continued to deliver great sales.
He has an agreement with many restaurants, he uses this product of his to make burgers, etc. for people.
Along with the price of the product, they have increased the test and quality of the product.
After the addition of Shark Tank, this company did 4X sales generation.
This has been updated on the official website of Slice of Sauce. It is going to be available in your nearest grocery store.
Where Can You Buy Slice of Sauce?
Slice of Sauce is available online on various platforms and on its official website. Apart from this, it is available on the offline retina platform.
In view of the choice of the people, it has been made available in many supermarkets in Texas.
Its retail price is $599 and it costs $75 to make, so it is quite expensive. If you are interested then you can buy it from its official website or on a retail supermarket store.
What Is The Slice of Sauce Net Worth / Valuation?
Talking about Slice of Sauce’s net worth and valuation, it was now worth $1 million after getting a deal with Shark Tank.
Due to its sales and people liking its test, its growth is going to increase more in the coming time.
Is Slice of Sauce Still In Business?
4 investors had invested in Slice of Sauce, due to which it has become a million-dollar company.
Currently, 3 people are working in this company. If this company increases its price and gives good service, then it can last for a long time.
Slice of Sauce has been able to gradually expand globally. The founder is also making this slice of sauce in different flavors.
The headquarter of this brand is currently located in the Greater Los Angeles area.
Shark Tank Air Date: 1/15/21 – Season 12 – Episode 10
Next, we will give you information about the Slice of Sauce startup.