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For years, entrepreneurs wanting to pitch their product to wealthy investors have had to do so on the programmes Shark Tank in the US and Dragon’s Den in the UK. Recently, there has been a host of new products pitched on these programmes that focus on the current trendy health and weight-loss plus staple diet – keto. The Keto diet is built on eating lots of fat and virtually no carbs to achieve substantial weight loss and improved health in whatever way a person might define it. The investors on these programmes have become big supporters of these keto products.
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With new entrepreneurs pitching their business ideas to the sharks in every season of Shark Tank, it’s no surprise to see a more diverse list of entrepreneurs showcase Keto than keto chicken dip! However, the increase in Keto pitches in the past half-decade has been very apparent in the past few years of the show. But which of these pitches have been most memorable? And which stood the test with the sharks of Shark Tank? Let’s examine the most memorable Keto-themed pitches on Shark Tank to date.
One of the most successful Keto-themed pitches over the years, except for the Caveman Coffee presentation, was of a company called Nui, which makes low-carb Keto-friendly cookies. The founders of Nui wowed the sharks with delicious-tasting Keto cookies, and met the fast-growing demand of consumers on the Keto diet. According to the taste test by the sharks, these cookies were very good. There were offers from several sharks. Nui walked away with a deal.
Memorable Keto-themed Pitches
And an enduring Keto pitch on Shark Tank is from Peak Yogurt, the company that produces a high-protein, low-carb yoghurt for Keto dieters. Their founders convinced the sharks that they had developed a great tasting product in a new space in the Keto-friendly foods market, and the sharks were impressed by the content and taste. Multiple sharks made offers to become investors in the company and Peak Yogurt left with a deal that helped them grow their business.
Not all Keto pitches on Shark Tank have received big backing, though. One of the more memorable pitches came from a company selling Keto meal kits. Monica others had a plausible proposition in the sharks – and a good story, of how this ‘super-mum’ to high-performing twin boys found solace in the diet. But the product itself failed to pass muster. As the sharks dug further into the business offer, they tasted the sauce, and their responses to the fried chicken samples ranged from a slight grimace to a disgusted reaction. Ultimately, the entrepreneurs failed to receive a high bid, and their plotline now serves as a cautionary tale for anyone believing they have a hit on their hands.
Lessons Learned from Keto-themed Pitches
There is clearly a demand from those watching Shark Tank if the producers keep pitching a product geared to such a niche menu. Portfolio tripling and a request for more goods indicates that there is money to be made by those able to identify an item and bring it swiftly to the market. From an entrepreneurial perspective, if you are lucky enough to have an idea, product, and/or medically trained background to navigate the Keto-friendly waters, then success on Shark Tank can be in your future. However, as always, you have to have not just a great product, but a solid business plan, and you must know how to effectively pitch your product to the sharks in the tank. How you present your success or failure can only make entrepreneurs savvier over time.
The momentum behind Keto will likely compel entrepreneurs to continue innovating and launching new Keto-themed products. Shark Tank is a useful platform for entrepreneurs who want to push their products and grow their businesses with initial investment. Attention to what happens next will benefit those who offer innovative Keto-themed products but also those who find new ways of using Keto’s powers of persuasion. For entrepreneurs – and for everybody about to board that Keto train – the message from these Keto pitches on Shark Tank is clear. Pay attention.
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