Go Oats appeared on Shark Tank on October 23, 2020. Founder Nahum Jeannot secured a deal with Barbara Corcoran at $150,000 for 15%. Here’s a quick recap of everything that happened during the pitch as well as news on a Go Oats update.
Go Oats Update After Shark Tank
- Entrepreneur: Nahum Jeannot
- Business: Oatmeal in a ball
- Ask: $150,000 for 10%
- Result: $150,000 for 15%
- Shark: Barbara Corcoran
In Shark Tank Season 12 Episode 2, Nahum Jeannot asked the sharks for a $150,000 investment in his company, Go Oats, in exchange for a 10% equity. Go Oats is a mess and hassle-free way to enjoy the traditional oatmeal breakfast. Essentially, Go Oats is oatmeal in a ball that can be quickly warmed up for a delicious breakfast on the go. During his pitch, the sharks praised Go Oats for its delicious taste and easy preparation but criticized it for its low margins of $1 per unit.
Despite some negative comments, Nahum still found himself with an offer from Barbara Corcoran for $150,000 for 25%. Barbara offered to help Nahum get into the big box stores while the other sharks stayed quiet. After a quick negotiation, Nahum Jeannot accepted a deal from Barbara Corcoran for a $150,000 investment into Go Oats in exchange for 20% equity.
After appearing on Shark Tank, Go Oats quickly sold out of all its stock on Amazon and on its website. So it sounds like Go Oats has found a successful life after Shark Tank. If there are any more Go Oats updates, we will update this article accordingly.
Before you go, be sure to check out the other products that appeared on Season 12 Episode 2:
For more Shark Tank product updates, be sure to check out our Season 12 products page!