Ep 322 Kate Field - What You Should Know Before You Pitch Your Company on Shark Tank (or Anywhere)

<p>In 2013, Kate Field started The Kombucha Shop offering home-brew kits that people can use to make kombucha.</p> <p>By 2018, the kombucha craze was in full swing and Field was invited to pitch her business on Shark Tank. Field asked for $350,000 in return for 10% of her company which was generating around $1.2 million per year selling kombucha kits. Field got an offer for $200,000 in cash and another $150,000 line of credit in return for 10% of her company from Barbara Corcoran and Sara Blakely, the Spanx founder who was a guest Shark that day.</p> <p>Despite her success on television, a series of surprising events led Field to walk away from the Shark’s offer and sell The Kombucha Shop the following year. This episode is a raw account of the highs and lows of the entrepreneurial journey.</p>