FinalStraw as the name suggests is trying to make the final straw for the consumer so that they never have to buy other toxic plastic-based straws again.
FinalStraw is a pocket-sized reusable and foldable straw that can be easily folded and can be carried. This patented product was co-founded by Miles Pepper and Emma Rose.
They started with a Kickstarter campaign and they have raised about $1.8 million from that. FinalStraw came up with its vision of a greener earth by reducing plastic waste that harms marine lives on a large scale.
Final Straw at a glance:
| EPISODE | Season 10, Episode 1 |
| BUSINESS | Pocket-sized reusable and foldable straw, forks, and wipes. |
| ENTREPRENEUR | Emma Rose Cohen And Miles Pepper |
| ASKED FOR | $625,000 For 5% at $6.25 million valuation |
| ACCEPTED OFFER | No/None |
| SHARK | No Shark |
| BUSINESS STATUS | In Business |
| WEBSITE | FinalStraw |
Index:
Founders Story:
In Episode 1001, Emma Cohen and Miles Pepper brought Final Straw into the tank. They saw the problem of plastic straws which are widely used in America about 500 million every day, which causes a lot of pollution to water bodies. Emma and Miles came up with Final Straw to overcome this problem.
They have picked up the momentum with final Straw after their successful Kickstarter campaign in which they raised about 1.8 million.
How FinalStraw work?
FinalStraw can easily be folded and can be carried as a keychain. Currently, the product comes in multiple color cases and sizes. Also, they have expanded their product line and recently introduced foldable forks and sporks. Recently they have also introduced Final wipes in their product line.
Did FinalStraw get a deal on Shark Tank?
In their Shark Tank pitch founders were asking for an investment of about $625,000 for a 10 percent stake in the company. This makes them valued at about $6.25 million.
The mermaid was a nice touch #SharkTank pic.twitter.com/MtVNRVcIfd
— Shark Tank (@ABCSharkTank) October 9, 2018
What Happened to Final Straw after Shark Tank?
In 2018 they made a revenue of about $4.8 million and in 2019 their revenue can be estimated at about $13.4 million. At the time of their Shark tank pitch, they valued Final Straw at about $6.25 million.
Soon after their Shark tank pitch, they faced a lot of copycat products on markets majorly emerging from China which made them cost millions. Currently, they have expanded their product line and recently introduced foldable forks and sporks. Recently they have also introduced Final wipes in their product line.
What is the Final straw worth?
At the time of their Shark tank pitch, Final Straw was valued at about $6.25 million.
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What is Final Straw?
FinalStraw is a pocket-sized reusable and foldable straw that can be easily folded and can be carried. This patented product was co-founded by Miles Pepper and Emma Rose.
How much Final Straw worth?
In 2018 they made a revenue of about $4.8 million and in 2019 their revenue can be estimated at about $13.4 million. At the time of their Shark tank pitch, they valued Final Straw at about $6.25 million.