Sawyer Sparks appeared on Shark Tank Season 1, Episode 7, seeking $125,000 for 25% equity, valuing his company at $500,000. His inspiration came from the daughter of his favorite college professor, who had celiac disease and couldn’t play with traditional modeling clay due to gluten.
To address this, Sawyer developed Soy-Yer Dough, a soy-based, non-toxic, gluten-free modeling clay. The business’s mission includes expanding to create jobs for his community.
During the show, Kevin O’Leary, Daymond John, and Robert Herjavec teamed up to offer $300,000 for 51% equity in the company.
Soy-Yer Dough offers modeling clay in various colors, including red, yellow, black, and orange, each infused with a unique fruit scent. According to a report from Children’s National, celiac disease affects approximately 1 in 100 people, making it one of the most common diseases among children.
Company Name | Soy Yer Dough | |
Founder | Sawyer Sparks | |
Founded | Feb 2008 | |
Product | Non-Toxic, Gluten-Free Soy-Based Modeling Clay | |
Asked For | $125k for 25% equity | |
Final Deal | $300k for 51% equity | |
Shark | ||
Episode (Shark Tank USA) | S1 E7 | |
Air Date | Sep 29th, 2009 | |
Business Status | Out of Business | |
Website | Visit Website | |
Headquarters | Bloomfield, Indiana, USA | |
Lifetime Worth (Sales) | $5M *estimated | |
Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Soy Yer Dough?
Sawyer Sparks is the founder and CEO of Soy-Yer Dough. He started the company in February 2008 during his early years at Purdue University.
How Was The Shark Tank Pitch of Soy Yer Dough?
Sawyer Sparks appeared on Shark Tank and asked the Sharks for $125,000 in exchange for 25% equity in his company, Soy-Yer Dough. He explained that he makes the modeling clay in his mother’s kitchen with the help of his mother and girlfriend. Since starting in February 2008, the company has sold 8,000 containers, and just last week, received an order for 11,000 containers.
Sawyer also mentioned that he has a provisional patent for the product and has been contacted multiple times by the toy company Hasbro, which offered $500,000 to buy the Soy-Yer Dough patent. Kevin O’Leary offered $125,000 for 51% equity. Following Kevin’s offer, Daymond John said if that was the best deal, he would step out. Robert Herjavec also decided to pass, agreeing that Kevin would be a strong partner for licensing. Barbara Corcoran echoed similar sentiments and opted out as well.
Sawyer countered Kevin’s offer with $125,000 for 40% equity, but Kevin declined. Robert Herjavec then offered $125,000 for 40% equity. Sawyer stated that if he were to dilute 51% of his equity, he would need more funding. Eventually, Daymond, Kevin, and Robert teamed up to offer $300,000 for 51% equity in the company.
Sparks agreed to this offer.
Sharks Offers list!
Sharks | Offers |
---|---|
Barbara Corcoran | No Offer |
Kevin O’Leary | $125k for 51% equity (#1) $125k for 17% equity (#2) |
Robert Herjavec | $125k for 40% equity (#1) $125k for 17% equity (#2) |
Daymond John | $125k for 17% equity (#1) |
Kevin Harrington | No Offer |
Founder’s (Countered) | $125k for 40% equity (Kevin) |
Final Deals | $300k for 51% equity |
What Happened To Soy Yer Dough After Shark Tank?
Soy-Yer Dough secured a deal on Shark Tank with Kevin O’Leary, Robert Herjavec, and Daymond John, who invested $300,000 for 51% equity in the company. After the episode aired, the company received thousands of orders in a single day.
Despite receiving interest from Hasbro, Soy-Yer Dough never finalized a deal with them. After successfully running the business for 12 years, it was acquired by the Sustainable Projects Group in May 2020.
Following this acquisition, Sawyer Sparks achieved his dream of creating jobs for his community and generating millions of dollars in sales. Currently, Sparks works as a business consultant, and Soy-Yer Dough is no longer in operation.
What Is Soy Yer Dough’s Net Worth?
Soy-Yer Dough is estimated to have a net worth of $0 million, as the company is now permanently closed. There is little information available about founder Sawyer Sparks on the internet. Although Soy-Yer Dough was a successful deal on Shark Tank, it was not able to sustain its success long-term.
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.
Years | Annual Revenue |
2008-20 | $5M *estimated |
Funding Reports to Date!
Years | Funding Amount | Investor |
2009 | $300k | Daymond John Kevin O’Leary Robert Herjavec |
Celiac disease is a common condition, especially among children. Sparks launched Soy-Yer Dough to provide a safe, gluten-free modeling clay for children who couldn’t use traditional products due to the disease.
The company is now fully closed, and its last known address was in Bloomfield, Indiana, United States.
No, Soy Yer Dough has been out of business since 2020.
frequently asked questions
Who founded Soy Yer Dough?
Soy Yer Dough was founded by Sawyer Sparks.
Did Soy Yer Dough get a deal on Shark Tank?
Yes, Soy Yer Dough gets a deal on Shark Tank.