In the world of entrepreneurship, innovators are constantly striving to create products that make our lives easier, and this includes the lives of our beloved pets. One such innovator is Blake St Clair, who appeared on the third season of Shark Tank to pitch his unique pet food company, Barkems To Go.
His product aimed to revolutionize the way pet owners travel with their furry companions by offering pre-packaged meal kits that included food, water, and a treat. In this blog post, we’ll dive into the details of St Clair’s Shark Tank experience and explore what happened to Bark’em’s To Go after the show.
The Barkems Pitch and Deal at Shark Tank
Blake St Clair entered the Shark Tank with a bold idea and enthusiasm. He presented his product, Barkems To Go, as a convenient solution for pet owners who struggle with the hassle of traveling with their pets. The pre-packaged meal kits were designed to include food portioned for different species and sizes of pets, vitamin-enhanced water, and a treat, all in one easy-to-carry package.
St Clair asked the Sharks for a $100,000 investment in exchange for a 51% equity stake in his company. He projected that the meal kits would retail for between $2.50 and $3, with a manufacturing cost of $0.64, excluding the cost of the food. Despite his unique idea and passionate pitch, none of the Sharks were convinced enough to invest in Barkems To Go.
Is Barkems Still in Business?
Unfortunately, Barkems To Go is no longer in business. After his appearance on Shark Tank, St Clair attempted to launch a fundraising campaign to secure the capital he needed to bring his product to market. However, the campaign was unsuccessful, and with the necessary funds, St Clair was able to move forward with his business.
It’s important to note that at the time of his Shark Tank pitch, Barkems To Go was still in the prototype stage and had yet to make any sales. This lack of traction, combined with the Sharks’ concerns about the product’s viability, likely contributed to the company’s ultimate failure.
What Was Barkems Net Worth?
As Barkems To Go never made it to market, it’s difficult to determine the company’s net worth. St Clair’s initial valuation of his company at $196,078 (based on his ask of $100,000 for 51% equity) was purely speculative and not based on any actual sales or revenue.
Impact of Pre-Packaged Meals on Pet Owners
While Barkems To Go may not have found success, the concept behind the product highlights a real need in the pet industry. Many pet owners struggle with the inconvenience of traveling with their pets, especially when it comes to feeding them on the go. Pre-packaged meal kits, like the ones proposed by St Clair, could provide a convenient solution to this problem.
However, the success of such a product would depend on factors like pricing, distribution, and marketing. Pet owners would need to be willing to pay a premium for the convenience of pre-packaged meals, and the product would need to be widely available and well-promoted to gain traction in the market.
Business Overview
Barkems To Go was a pet food company that aimed to provide convenient, pre-packaged meal kits for pets. The kits were designed to include food, vitamin-enhanced water, and a treat, all portioned for different species and sizes of pets. The product was pitched as a solution for pet owners who struggle with the hassle of traveling with their pets.
Despite its innovative concept, Bark’em’s To Go failed to secure investment from the Sharks on Shark Tank and ultimately went out of business. The company’s founder, Blake St Clair, was unable to raise the necessary capital to bring his product to market, and without sales or revenue, the business could not sustain itself.
Conclusion
Blake St Clair’s appearance on Shark Tank with his pet food company, Bark’em’s To Go, showcased an innovative idea that aimed to make pet ownership more convenient. However, despite his passionate pitch, St Clair was unable to secure investment from the Sharks or raise the necessary capital to bring his product to market. Ultimately, Barkems To Go went out of business, highlighting the challenges of launching a new product in a competitive industry.
While the concept of pre-packaged pet meal kits remains intriguing, the success of such a product would depend on various factors, including pricing, distribution, and marketing. As the pet industry continues to evolve, entrepreneurs will undoubtedly continue to seek out new ways to make pet ownership more convenient and enjoyable for both pets and their owners.
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