Shark Tank founder · Season 3

Shane Talbott

Co-founder of Talbott Teas

On the show
S3 · Ep 5
Result
Deal · $250K
Company today
Acquired

Who is Shane Talbott?

Shane Talbott spent more than 20 years in the salon and spa business, including a decade as Oprah Winfrey's personal hair colorist. He and Steve Nakisher opened a hair salon on Chicago's Oak Street, where Talbott set up a tea bar serving blends he created himself, such as Japanese sencha green tea mixed with strawberry, raspberry and rhubarb. Clients wanted to take the teas home, so the pair began packaging them for the salon's shelves. Demand eventually led them to sell the salon and build Talbott Teas, founded in 2003, full time.

The brand created custom blends for clients including Warner Bros. and the Joffrey Ballet and was named to Oprah's Favorite Things. On Shark Tank, Talbott and Nakisher asked $250,000 for 20% and accepted Kevin O'Leary's counteroffer of $250,000 for 35%; Daymond John joined the deal after the episode aired. The sharks helped land the teas in Jamba Juice stores, and Jamba Juice acquired Talbott Teas in 2012.

Sources (3)
  1. en.wikipedia.org/wiki/Talbott_Teas
  2. thejewishnews.com/archives/fit-to-a-tea/article_e90a4124-e2b7-59ee-8114-abc91…
  3. mashed.com/987349/what-happened-to-talbott-teas-after-shark-tank/

Written from published interviews, company announcements and news coverage. How we research · Suggest a correction

The Shark Tank deal

Steve Nakisher and Shane Talbott from Emeryville, CA pitched Talbott Teas in Shark Tank Season 3, Episode 5 (aired Feb 17, 2012). They asked for $250,000 in exchange for 20% equity, valuing the business at $1.25M. The entrepreneurs walked away with a deal from Kevin O'Leary: $250,000 for 35%. That put the final valuation at $714.3K, 43% below what they originally asked for.

✅ The on-air deal closed after due diligence.

Talbott Teas update, prices & reviews →

Frequently asked questions

How did Shane Talbott start Talbott Teas?

He ran a tea bar inside the Chicago hair salon he co-owned, and customer demand for his blends led to packaged teas and eventually a standalone company.

Who bought Talbott Teas?

Jamba Juice acquired Talbott Teas in 2012 after the brand's Shark Tank deal with Kevin O'Leary.

What was Shane Talbott's career before tea?

He worked in the salon and spa industry for more than 20 years, including ten years as Oprah Winfrey's hair colorist.

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