Slice of Sauce is a mess-free literal slice of sauce that appeared on Shark Tank Season 12 Episode 10 and landed a deal with Alex Rodriguez. This is one of the more unique and innovative products to appear on the show, so you may be looking for a Slice of Sauce update. Don’t worry, we’ve got you covered.
Slice of Sauce Update After Shark Tank
- Entrepreneur: Cole and Emily Williams
- Business: Dehydrated and sliced condiments
- Ask: $200,000 for 10% equity
- Result: $200,000 as debt which converts to 15% equity when $1.8 million in sales is reached
- Shark: Alex Rodriguez
Slice of Sauce appeared on Shark Tank Season 12 Episode 10 and was pitched by creators Cole and Emily Williams. As the name implies, the product is literally a slice of sauce that has been dehydrated into a jelly-like form. Cole and Emily shared that the goal is to take away the mess involved with sauce, especially when younger kids are involved.
This is one of the more unique products that has appeared on Shark Tank and the Slice of Sauce founders believe that they’ve created a premium product that has a variety of uses. The fact that it doesn’t need to be refrigerated and has a shelf life of 12 months allows it to easily be stored in RVs, used on camping trips, picnics, and other adventures. At the time of the pitch, Slice of Sauce hadn’t launched its product yet but is expecting to do $1.8 million in sales in its first year.
Despite being pre-revenue, Cole and Emily manage to land the interest of Alex Rodriguez, and Slice of Sauce left Shark Tank with a deal of $200,000 as debt which converts to 15% equity when $1.8 million in sales is reached.
For those that are looking for a Slice of Sauce update after Shark Tank, at the time of writing the product has still yet to launch and is taking pre-orders on the Slice of Sauce website. Although, it looks like they’ve added new flavors and have a total of four that you can choose from.
In the coming months, Alex will likely help Cole and Emily continue to expand their online presence, create new flavors, and get into retail grocery chains across America. When we get more news on a Slice of Sauce update, we will be sure to let you know!
In the meantime, be sure to check updates on the other companies from Season 12 Episode 10 below:
For more Season 12 company updates, be sure to check out our Season 12 Products page.