✓ Got a deal Out of business Season 12, Ep. 10 🍽️ Food & Drink

Slice of Sauce on Shark Tank

Slice of Sauce makes condiments that are dehydrated and formed into thin slices, similar to cheese slices. They are aimed at people who want to add sauces to sandwiches and burgers without drips or soggy bread.

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⏱ Slice of Sauce in 30 seconds

The ask$200K for 10%Valued at $2M
In the tankDeal: $200K for 15%With Alex · loan
After the showNot confirmedNo public record either way
TodayClosedSlice of Sauce stopped operating around late 2021 or 2022: its websit…

Slice of Sauce Shark Tank deal

Asked for: $200,000 for 10%
Asking valuation: $2M
Result: Deal
Final deal: $200,000 for 15%
Deal valuation: $1.33M
Shark: Alex Rodriguez
Structure: Loan / credit line
Founders: Cody Williams and Emily Williams
From: -
Aired: Jan 15, 2021

Asked

$2M

Got

$1.33M

Would you have invested in Slice of Sauce?

The pitch

Cody Williams and Emily Williams pitched Slice of Sauce in Shark Tank Season 12, Episode 10 (aired Jan 15, 2021). They asked for $200,000 in exchange for 10% equity, valuing the business at $2M. The entrepreneurs walked away with a deal from Alex Rodriguez: $200,000 for 15%. That put the final valuation at $1.33M, 33% below what they originally asked for. Part of the investment was structured as a loan or line of credit.

What happened to Slice of Sauce after Shark Tank?

Out of business

Slice of Sauce appears to be out of business (Slice of Sauce stopped operating around late 2021 or 2022: its website went offline, products stopped being sold and its social accounts went quiet, with no official announcement.).

Sources (3)

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