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Shark Tank season 8 episode 6
The idea originated three years ago from a viral reddit image of a potato with stamps: HERE
It was listed first on @FlippaDomains on May 14th, 2015. The auction ended unsold. HERE
It was again listed on August 27th, 2015. The auction ended unsold HERE
Then, it sold to a private party for $42,000 HERE
The seller, Alex Craig, is a mobile app developer. He created PotatoParcel.com on a Weebly platform. A contingency to the $42k 100% equity deal, since Alex was in contact with Shark Tank, was there would be a $1 royalty per potato if the business gets on SharkTank.
Kevin O'leary offered PotatoParcel.com $50k for a 10% stake + $1 royalty for every potato sold until $150k is paid. This gives Kevin a 3X multiple on his investment + 10% of the company thereafter.
Flippa interviewed the buyer after the sale on October 20th, 2015. HERE
The idea originated three years ago from a viral reddit image of a potato with stamps: HERE
It was listed first on @FlippaDomains on May 14th, 2015. The auction ended unsold. HERE
It was again listed on August 27th, 2015. The auction ended unsold HERE
Then, it sold to a private party for $42,000 HERE
The seller, Alex Craig, is a mobile app developer. He created PotatoParcel.com on a Weebly platform. A contingency to the $42k 100% equity deal, since Alex was in contact with Shark Tank, was there would be a $1 royalty per potato if the business gets on SharkTank.
Kevin O'leary offered PotatoParcel.com $50k for a 10% stake + $1 royalty for every potato sold until $150k is paid. This gives Kevin a 3X multiple on his investment + 10% of the company thereafter.
Flippa interviewed the buyer after the sale on October 20th, 2015. HERE
