Kim Nelson faced a big challenge. She had a great idea for homemade cakes but needed help to grow her business. She created Daisy Cakes. It is a mail-order cake company. She wanted to prove that people would love her homemade cakes. Kim brought her business to Shark Tank to find out if she could get help. She asked for $50,000 for a 25% share in the company. Kim’s cakes are made from family recipes.
They are shipped frozen and on dry ice. She claims that they are the best cakes the sharks will ever taste. Kim was hoping a Shark would help her take her business to the next level. Will the entrepreneur get a deal on Shark Tank? Check out the Daisy Cakes update to find out!
Daisy Cakes Net Worth Shark Tank Update 2025
Kim Nelson went on Shark Tank asking for $50,000 for 25% of her company. This meant she thought her business was worth $200,000. She made a deal with Barbara Corcoran for $50,000 for 25%, keeping the valuation the same. The episode was aired on April 29, 2011. The company became a nationwide success and continues to sell cakes online and in stores, generating about $4 million in annual revenue. Using the viral/heavy traction method, the current net worth of Daisy Cakes is estimated to be around $8 million in 2025.
Daisy Cakes is still in business today. After appearing on Shark Tank the company grew. Kim’s cakes are now available nationwide. She has expanded her customer base and reached all 50 states. Her business now makes about $4 million each year. Barbara Corcoran quickly recouped her $50,000 investment. Kim has also released two cookbooks. They feature her recipes and stories. The company continues to sell cakes and other products on its website.
Yes Kim Nelson got a deal on Shark Tank. Barbara Corcoran agreed to invest $50,000 in exchange for 25% of Daisy Cakes. But Barbara also added a special condition. She wanted $1 per cake sold until she recouped her investment. Kim agreed to the deal. She was excited to get Barbara’s support to help her grow her business.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Daymond John | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | $50,000 for 25% equity | N/A | Yes |
| Kevin Harrington | Out | N/A | N/A |
Daisy Cakes Shark Tank pitch
Kim Nelson founded Daisy Cakes due to her passion for baking. She began baking when she was young. Her family’s recipes were handed down through generations. Kim wished to distribute her cakes to others. She understood that she could send them to individuals all over the country. Kim encountered numerous obstacles during the initial phases. She lacked sufficient funds to invest in the business.
She also faced challenges in locating suitable packaging. However, she always persevered. She dedicated a lot of effort to ensure Daisy Cakes thrived. Kim’s dedication was rewarded when she made an appearance on Shark Tank.
Kim was nervous but confident when she pitched her business. She explained that Daisy Cakes used her family’s special recipes. She showed the sharks her homemade cakes. They tasted the cakes and loved them. Kim’s pitch focused on the quality of the cakes and the need for help with production. She was ready to expand and reach a wider audience. She told the sharks that she had made $27,000 in sales in just three months.
She needed help to keep up with growing demand. Kim offered the sharks 25% of the business in exchange for $50,000. The sharks were impressed with her passion and the quality of her cakes.
The sharks posed numerous questions to Kim. Kevin O’Leary inquired about her approach to managing substantial orders. Kim stated she was able to make 5000 cakes within a 30-day period. Kevin Herjavec inquired why Kim did not maintain her business at a more localized regional scale. Kim stated that she wished for her business to expand. Her goal was for Daisy Cakes to become a brand recognized across the country.
Kevin Harrington stated that he had observed comparable products in catalogs. He was worried that her business could fail to distinguish itself. Robert Herjavec raised doubts about the instability of the business in its present stage. Daymond John experienced uncertainties as well. He believed the company was too minor. Regardless of these worries, Barbara Corcoran remained intrigued.
She was struck by Kim’s enthusiasm and the excellence of her cakes. The sharks held varied views yet they all concurred that Kim’s cakes were tasty.
After hearing the sharks’ concerns Kim waited nervously for their responses. Kevin O’Leary was the first to go out. He didn’t want to take on the challenges of a growing business. Kevin Harrington followed him. He was worried that the product wouldn’t stand out in the market. Robert Herjavec was the next to drop out. He didn’t think the business was ready for investment. Daymond John also passed on the deal.
He felt the business was too small. But Barbara Corcoran was still interested. She had a unique offer for Kim. She would invest $50,000 for 25% of the business. But Barbara wanted $1 per cake sold until she recouped her investment. Kim agreed to the deal. She was excited to have Barbara’s support. The deal was sealed and Kim left Shark Tank with a business partner who believed in her.
What Went Wrong With Daisy Cakes On Shark Tank?
Despite the excitement, there were challenges. Some sharks didn’t think the business was ready for growth. They were concerned about the high demand. Kevin O’Leary didn’t want to face these challenges. He thought it would be too difficult to keep up with the orders. Kevin Harrington felt that similar products were already on the market. He didn’t think Daisy Cakes would stand out.
Robert Herjavec didn’t believe the company was ready for investment. He was unsure about the future of the business. Daymond John felt the same way. He thought the business was too small to be successful at that point. These concerns led all the sharks to drop out except for Barbara. She believed in Kim and her business. Barbara offered her support and help to make Daisy Cakes a success.
Product Availability
Daisy Cakes are made with high-quality ingredients and family recipes. The cakes are shipped frozen with dry ice to keep them fresh. They are available for purchase on the Daisy Cakes website. Customers can order a variety of cakes. The cakes come in special tin containers. The packaging is part of what makes Daisy Cakes unique. They also sell their cakes through special events and fundraisers.
The cakes are priced at $44.50 each. It costs $18 to make each cake. Kim has expanded her product line. She now offers cookbooks with her favorite recipes. These cookbooks can also be purchased on Amazon.
Conclusion
Kim Nelson’s journey with Daisy Cakes started with a simple idea. She wanted to share her family’s cakes with the world. After facing many challenges she appeared on Shark Tank. Kim received the support she needed from Barbara Corcoran. Thanks to Barbara’s investment and advice Daisy Cakes is thriving. The company now earns $4 million a year.
Kim’s cakes are shipped nationwide and she continues to grow her brand. She has written two cookbooks that share her recipes and stories.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
