2012 · TV pitch
Would you have funded Talbott Teas?
A gourmet loose-leaf tea brand
Two founders sell premium loose-leaf teas and are building wholesale accounts with cafes and grocers. They want capital to expand distribution.
- Asking $250,000 for 20% of the company
Show what happened
✅ Success
Talbott Teas In January 2012 the smoothie chain Jamba Juice bought certain assets of the business for $400,000 in cash plus performance payments.
On the TV pitch show: One TV investor made a deal: $250,000, but for 35%.
Sources: Talbott Teas (Wikipedia)
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