Shark Investors On Shark Tank Season 16 Episode 4
The episode saw Robert Herjavec appearing on the investors’ panel for the first time in the sixteenth season. Additionally, guest investor turned full-time Shark, Daniel Lubetzky, joined the judges in the latest Shark Tank season.
Shark Tank Season 16 Episode 4 was a showcase of products hailing from the food, fungiculture, and fashion verticals. Each of them presented a unique story due to the creative ideas behind them. Some pitches managed to leave their marks, while others disappointed the sharks.
In all four pitches, the reactions of Shark investors were different from each other. While some entrepreneurs earned laughs and giggles from the investors, others faced tough questions regarding the business’ numbers.
The update of the episode was centered around ‘Cakes Body,’ which appeared in the fifteenth season of Shark Tank.
Shark Tank Season 16 Episode 4 Pitches
Even after three episodes, creativity was at its peak in the latest Shark Tank episode with products like uniquely designed men’s swimwear and a mushroom growing chamber.
Additionally, the pitches saw intense negotiations, emotional stories of entrepreneurs, and arguments among the investors.
Finneato Fysh Foods
Brought to the show by a female entrepreneur gay couple, Finneato Fysh Foods offer plant-based fish that have real-fish-like-taste. Zoya Biglary and Alix Traeger claimed that their products are full of omega-3s, proteins, iron, and fiber. Their fish product range includes sushi, ceviche, poke, salmon, and lox.
Presenting the first pitch of the fourth episode, the entrepreneurs sought $150K for 10% equity.
View this post on Instagram
Terrashroom
Aspiring entrepreneur Jared Steele tried his luck on Shark Tank with Terrashroom, a fully automated mushroom-growth computer/chamber. The chamber helps users to grow lab-quality mushrooms at home. The Austin-based entrepreneur claimed that the culinary delicacy offers great health and cognitive benefits.
Jared entered Shark Tank Season 16 seeking $175K for 2.5% equity in his company.
View this post on Instagram
Moonies
Moonies was the third pitch of the fourth episode of Shark Tank Season 16. It was brought to the judges by the husband-wife duo of McKay and Karisa Winkel. They stated that the company offers stylish options for men’s swimwear, which is otherwise missing in the swimsuit industry, which is focused only on females.
The entrepreneur couple made their way to the Shark investors, seeking $150K for 35% equity in the company.
View this post on Instagram
NineteenTwenty
The final pitch of the fourth episode was NineteenTwenty, which offers multifunctional convertible clothing perfect for everyday life. Ashley and Zach Sankar, the entrepreneurial couple behind the brand, came wearing samples and explained how one jacket could be converted into tote bags and blankets.
The entrepreneurs appeared on Shark Tank Season 16, seeking $250K for 10% equity.
View this post on Instagram
Entrepreneurs Featured In Shark Tank Season 16 Episode 4
The fourth episode offered the audience some of the most confident and well-prepared entrepreneurs who knew what they wanted for their businesses. They were ready for questions about their business figures and did not back when it came to making counter offers during deals.
1. Zoya Biglary and Alix Traeger
Business Name: Finneato Fysh Foods
Product:
- Finneato Fysh Foods is a plant-based seafood company that offers a unique blend of organic fruits, vegetables, sea algae, and ‘fermentation magic.’
- According to Zoya and Alix, their fish products are safe to eat for people who are immunocompromised, allergic, or pregnant.
- Some of their delicacies include spicy tuna crispy rice, smoked lox, and ceviche.
Deal Status: Daniel Lubetzky was the only Shark investor interested in making an offer. He liked the product’s taste and felt it ‘solves a great purpose.’ Daniel made a ‘Sharky’ offer of $150K for 40% equity. After some offers and counter offers, he sealed the deal with Zoya and Alix at $150K for 30% equity.
Net Worth: The latest update about the Finneato Fysh Foods net worth is that it is growing steadily, with a current value of over $666K.
2. Jared Steele
Business Name: Terrashroom
Product:
- Terrashroom is a unique, automated chamber that helps one grow mushrooms of lab quality at home.
- Using the Terrashroom app, users can select the mushroom of their choice.
- The product does not require one to have any prior experience, and the mushrooms can be grown through easy steps.
Deal Status: No Deal
Net Worth: With an estimated yearly growth rate of 10%, Terrashroom’s current net worth is calculated to be $8.53 million.
3. Karisa and McKay Winkel
Business Name: Moonies
Product:
- Moonies offers a line of men’s swimwear with the most unique designs that allow ‘guys’ to show off their ‘cleavage.’
- Their swimwear briefs include a soft waistband, a supportive pouch in the front, and their patented cutout in the back.
- According to the entrepreneurs, the company offers a refreshing men’s swimwear collection, which has been stuck with the same basic designs for decades.
Deal Status: No Deal
Net Worth: As of 2024, the net worth of Moonies has reached $522K.
4. Ashley and Zach Sankar
Business Name: NineteenTwenty
Product:
- NineteenTwenty is aimed at revolutionizing clothing through its multifunctional convertible clothing.
- According to the entrepreneurs, their jackets can be used for travel purposes. Plus, one can take them to the farmer’s market, gyms, and laundromats.
- The bags can also be converted into tote bags and crossbody bags.
Deal Status: This pitch saw some intense arguments between the Shark investors over Kevin O’Leary’s statement that NineteenTwenty was ‘ not a full-time gig.’ He also felt that as the entrepreneurs were still doing their jobs, they were not ‘100% committed to the company.’
Robert Herjavec thought his comment and judgement were ‘unfair.’ So, he made an offer of $250K for 25% equity. After a tear-jerking moment, the entrepreneur couple accepted the deal.
Net Worth: Having started in 2022, the current net worth of NineteenTwenty is $1.46 million.
Shark Tank Season 16 Episode 4: Cakes Body Update
Cakes Body was brought to the panelists in the fifteenth season of Shark Tank. The twin-sibling duo of Taylor Capuano and Casey Sarai bagged a deal from Guest Shark Emma Grede for their undergarment solution provided by Cakes Body. In the segment, they talked about their company’s sales rise after the Shark Tank deal.
The siblings talked about their growing reach in TikTok Shop, which has, in turn, helped Cakes Body ramp up its revenue. They also discussed their new product and initiative for breast cancer survivors. Towards the end of the segment, Emma expressed her happiness over the growing success of Cakes Body.
View this post on Instagram
Shark Tank Season 16 Episode 4: Daniel Lubetzky
Before the official list of Shark investors was announced for this year, viewers were curious to know the replacement of Mark Cuban, who will not return after the sixteenth season. Putting an end to the speculations, Daniel Lubetzky was introduced as the newest Shark investor on Shark Tank Season 16.
Daniel made his first appearance in the latest season after three episodes. The fourth episode presented his calm and empathetic personality to the audience. While he related to the emotions of the pitchers, Daniel made a deal only when fully assured of its growth.
Additionally, he did not fear raising his opinions against his fellow investors, as seen during the NineteenTwenty pitch. During it, Daniel stated that he strongly disagreed with both Mark Cuban and Kevin O’Leary over their projections regarding the company and its founders.
Before the sixteenth season, Daniel appeared as a guest investor from seasons 11 to 15.
View this post on Instagram
