Shark Tank founder · Season 3

Steve Nakisher

Co-founder of Talbott Teas

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

Who is Steve Nakisher?

Steve (Dr. Steven) Nakisher grew up in West Bloomfield, Michigan, graduated from the University of Michigan and earned a doctorate in clinical psychology from the Chicago School of Professional Psychology. A licensed clinical psychologist, he founded the Center for Personal Development in Chicago, which grew into a large psychology group practice. Talbott Teas began at a hair salon on Chicago's Oak Street that Nakisher and Shane Talbott opened, where Talbott ran a tea bar with his own blends.

Demand led them to package the teas for sale, and eventually to sell the salon and focus on tea; the company was founded in 2003. Talbott Teas was named to Oprah's Favorite Things, and on Shark Tank the founders accepted $250,000 for 35% from Kevin O'Leary, with Daymond John later joining. The sharks helped get the teas into Jamba Juice, and Jamba acquired Talbott Teas in 2012. Nakisher has since founded Cornerpiece Consulting, an organizational development firm, and serves as CEO of PicTricks and senior scientific adviser at GetSet.

Sources (4)
  1. crunchbase.com/person/steven-nakisher
  2. thejewishnews.com/archives/fit-to-a-tea/article_e90a4124-e2b7-59ee-8114-abc91…
  3. en.wikipedia.org/wiki/Talbott_Teas
  4. 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

What is Steve Nakisher doing now?

He is a Chicago-area clinical psychologist and entrepreneur who runs the Center for Personal Development and Cornerpiece Consulting, leads PicTricks and advises GetSet.

What happened to Talbott Teas?

After Kevin O'Leary's Shark Tank investment helped place the teas in Jamba Juice, Jamba acquired Talbott Teas in 2012.

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