Pinole Blue Shark Tank Update – Pinole Blue Net Worth 2024

Eddie Sandoval brought a unique idea to Shark Tank together with his crew. They used blue corn to make nutritious food. Mexican blue corn has been in use for a very long time. Eddie wished to share this unique cuisine with other people. He founded Pinole Blue in collaboration with his pals Kyle Offut and Kate Kung-McIntyre. They used blue corn to make drinks and tortillas.

Eddie and his crew requested $300,000 for Shark Tank. In exchange, they promised to contribute 10% of their business. They were hoping the sharks would notice how amazing their product was and lend a hand in their expansion. Although they feared it could be too soon to invest. The sharks appreciated the idea. Will the entrepreneur get a deal on Shark Tank? Check out our Pinole Blue update to find out!

Pinole Blue Net Worth 2024

Eddie Sandoval asked for a $300k investment in exchange for 10% equity in his company. This meant he valued his company at $3 million. Although the sharks appreciated the idea, they ultimately chose not to invest. After the show aired, Pinole Blue saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Pinole Blue in 2024 is about $3.87 million.

Pinole Blue Shark Tank Update 

In terms of a Pinole Blue update, Pinole Blue is doing well, despite not landing a transaction on Shark Tank. They continued to work and ensured that their items were available in other stores. By 2024, more than 300 retailers across 18 states carry their items. Additionally, their website offers their products for purchase online. In Wichita, Kansas, their tortillas and drinks are well-liked and certain Whole Foods stores even carry them.

Following Shark Tank, the Pinole Blue team attracted a lot of interest as well. After the episode aired, they uploaded a video to Instagram that displayed an enormous amount of orders. This indicates that despite not landing a transaction. people are enthusiastic about their product. Pinole Blue continues to expand and reach more customers.

No, Shark Tank did not result in a transaction for Pinole Blue. Eddie Sandoval and his group demanded 10% of their business in exchange for $300,000. The sharks found the use of blue maize in a nutritious diet to be appealing. 

However, they believed that investing in the business would be inappropriate. They were concerned that not many people would be aware of the unique qualities of blue corn or what it was. Ultimately all of the sharks chose not to make an investment.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Emma Grede (Guest Shark)	out	N/A	N/A
Lori Greiner	out	N/A	yes
Kevin O’Leary	Out	N/A	N/A
Barbara Corcoran	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Pinole Blue Shark Tank Pitch

In our Pinole Blue update research, The beginning of Eddie Sandoval’s tale is his family. His grandma taught him all about blue corn when he was a child. She would tell him about the long history of this particular corn’s use by the people of Mexico. Eddie wanted everyone to know about this. Thus he formed Pinole Blue with the help of his colleagues Kyle Offut and Kate Kung-McIntyre.

It was difficult to launch a business. They had to first figure out how to manufacture the product and pique people’s interest in blue corn. They also needed to locate retailers who would carry their goods. However, Eddie and his group persisted and worked hard. They wanted to spread the word about their product since they firmly believed in it.

Eddie, Kyle, and Kate were prepared to present their work to the sharks when they arrived at Shark Tank. They clarified that blue corn which is nutrient-dense and healthful is used to make their goods. They displayed their drinks, blue corn cookies, and tortillas to the sharks. The group disclosed that they had already earned $720,000 in sales and expected to generate $730,000 in the upcoming year.

They want $300,000 from the sharks in return for 10% of their business. Eddie hoped that the sharks would recognize the worth of their offering and lend support to its expansion. However, the sharks were quite curious and worried.

In regard to a Pinole Blue update, Pinole Blue raised a lot of questions for the sharks. The first person to inquire about the blue corn market was Mark Cuban. He questioned whether people would get the significance of blue corn. He felt that the product’s name, “Pinole Blue,” failed to sufficiently describe it. In the absence of extensive schooling, he was uncertain about the product’s marketability.

Kevin O’Leary inquired about the profit margins of the business. Despite the team’s impressive sales figures, its earnings fell short of his expectations. He was concerned that informing consumers about the advantages of blue corn would cost a lot of money and effort. The team’s plan was well received by all the sharks. But they weren’t ready to close a deal.

The first shark who answered no was Mark Cuban. Although he thought the market for blue corn was too small. he appreciated the product. Without much education, he didn’t think enough people would be aware of or interested in blue corn. In agreement, Barbara Corcoran stated that she wouldn’t invest at this time. Lori Greiner and Emma Grede agreed that it was too soon for them to make investments.

Before investing their money, they desired to see the company experience greater growth. Although Kevin O’Leary was pleased with the sales figures. He was unwilling to invest because he believed that growing awareness of blue corn would take too long. Therefore the Pinole Blue team departed without reaching an agreement with any of the sharks.

What Went Wrong With Pinole Blue On Shark Tank?

The sharks’ belief that the market was too tiny was the primary cause of Pinole Blue’s failure to close a deal. As noted by Mark Cuban, the term “Pinole Blue” failed to clarify the nature of the product or the significance of blue corn. The sharks were concerned that consumers would need extensive teaching before realizing the advantages of blue corn. 

The low-profit margins of the enterprise also caused anxiety for the sharks. Despite the outstanding sales figures, the sharks failed to find a clear way to increase profits. Because they believed the company was still in its early stages. Several of the sharks held off on making an investment until they saw further growth.

Pinole Blue Product Availability

Pinole Blue uses blue corn to create a range of nutritious food items. They sell protein blends, cookies, drink mixes, and tortillas. Their products are a fantastic option for anyone who wishes to eat healthily because they are all free of gluten and high in antioxidants. Pinole Blue items are available for purchase straight from their website. 

Additionally, more than 300 establishments across 18 states carry them. In Kansas and Missouri, Whole Foods locations carry some of their products. Several neighborhood eateries in Wichita, Kansas, also have their tortillas on their menus. The business is putting a lot of effort into ensuring that more consumers can locate its products in stores.

Conclusion

Even though Pinole Blue was unable to close a deal on Shark Tank, they persisted. Eddie Sandoval and his group persisted in trying to expand their business. These days, hundreds of outlets on the internet carry their blue corn items. They continue to broaden their reach and have developed a loyal customer base. 

Pinole Blue is still a success story even though the sharks chose not to invest. The group persisted after leaving the tank empty-handed because they had faith in their goods. We’re interested to see what they take on next and how they manage to expand their business. With their dedication and enthusiasm, we anticipate hearing many more wonderful things from Pinole Blue in the future.