Quevos Egg White Chips Update | Shark Tank Season 12

Quevos chips appeared on Shark Tank Season 12 and landed a deal with guest shark Daniel Lubetzky. If you’re wondering what happened to Quevos after Shark Tank, you’re not alone. Here’s a quick Quevos update and recap of what happened during its time in the tank.

Quevos Update After Shark Tank

Quevos Update Shark Tank

  • Entrepreneur: Nick Hamburger and Zack Schreier
  • Business: Healthy chips made from egg whites
  • Ask: $200,000 for 5% equity
  • Result: $200,000 for 10% equity and $200,000 line of credit deal
  • Shark: Daniel Lubetzky

Quevos chips appeared on Shark Tank Season 12 Episode 11 and was pitched by 22-year-old founders Nick Hamburger and Zack Schreier. The chips were designed to be a healthier option than regular potato chips and are made from egg whites. They are high in protein and low in carbs and were designed to be more filling than most other chips on the market.

Initially funded through a KickStarter in 2018, things have gone well for Nick and Zack and they managed to earn $260,000 in sales in 2019. Further, at the time of the Quevos Shark Tank pitch, the company had done $660,000 in sales with a few months still left in the year. Further, Nick and Zack have been able to lower manufacturing costs enough to have a $2.40 margin per bag.

This was enough to interest guest shark and KIND Bar founder Daniel Lubetzky. Quevos left Shark Tank with a deal of $200,000 for 10% equity and $200,000 as a line of credit.

In terms of a Quevos update, since appearing on Shark Tank the company has gone from being in 400 retail stores to over 1,500 stores. You can find Quevos in stores like GNC, Vitamin Shop, Whole Foods, and more. Even better, just eight months after Shark Tank, Quevos went from $1.3 million in sales to $3.2 million.

Lastly, during an update in a Season 13 episode, Daniel Lubetzsky told Nick and Zack that he’d be investing an additional $1.35 million in the company. So, it looks like things are going quite well and our next Quevos update should have even more exciting news.

Before you go, be sure to check out some of our other company updates from Episode 11.

Further, for more Season 12 company updates, be sure to check out our Season 12 Products page.