Many children like playing with modeling clay, but as traditional clay is sometimes composed of wheat, it might cause issues for people who are allergic to wheat. This means that children who would like to experience the joys of molding and sculpting are deprived.
Sawyer Sparks intervened with a fix at that point. With the invention of Soy-Yer-Dough, a modeling clay free of gluten, kids with wheat allergies can now safely participate in the same activities as everyone else. It is not only free of gluten, but it also smells good and is non-toxic.
Sawyer’s adventure with Soy-Yer-Dough led him to Shark Tank, where he intended to get funding to expand his company. His objective was to increase production beyond what he was currently producing in his mother’s kitchen. The entrepreneur requested $125,000 for 25% equity. Did the entrepreneur get a deal on Shark Tank? Check out our Soy-Yer-Dough update to find out!
soy-yeri-dough net worth 2024
Sawyer Sparks asked for a $125k investment in exchange for 25% equity in his company. This meant he valued his company at $500,000. He made a deal with Kevin O’Leary, Daymond John, and Robert Herjavec for $300k in exchange for 51% of his company, which valued his business at approximately $588,235.
After the show aired, Soy-Yer-Dough 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 Soy-Yer-Dough in 2024 is about $1.15 million.
Soy-Yer-Dough Shark Tank Update
As for a Soy-Yer-Dough update, After its Shark Tank debut, Soy-Yer-Dough experienced significant growth. Sawyer’s distinctive line of gluten-free clay products attracted a lot of interest. He agreed to an agreement with Robert Herjavec, Daymond John, and Kevin O’Leary of the Sharks. He was able to increase output and reach a wider audience thanks to this partnership. The business carried on and prospered throughout time.
2020 saw the purchase of Soy-Yer-Dough by Sustainable Projects, which changed its name to YER Dough. Sawyer Sparks remained in his role as CEO and ran the company even after it was acquired. YER Dough is still operating as of today, and clients can purchase its goods straight from the company website.
Yes, Soy-Yer-Dough got a deal from Shark Tank. At first, Sawyer requested $125,000 in exchange for a 25% stake. But after some negotiation, he agreed to accept a $300,000 offer for 51% ownership in the business from Kevin O’Leary, Daymond John, and Robert Herjavec.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Kevin O’Leary, Robert and Daymond | $300,000 for 51% equity | N/A | Yes |
| Robert Herjavec | $125,000 for 40% equity | N/A | No |
| Kevin O’Leary | $125,000 for 51% equity | $125,000 for 40% equity | No |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin Harrington | Out | N/A | N/A |
Soy-Yer-Dough Shark Tank pitch
The inventor of Soy-Yer-Dough, Sawyer Sparks, saw a need in the market for modeling clay that is free of gluten for children who have wheat allergies. Traditional modeling clay is dangerous for such kids to use because it frequently contains wheat. Sawyer was motivated by this to create a device that would provide the same enjoyable experience without danger.
Sawyer first encountered difficulties with production. He had to create the clay in his mother’s home because the business was young. He overcame these challenges to sell 8,000 Soy-Yer-Dough units online prior to making an appearance on Shark Tank. Having come this far with perseverance and hard work, his objective was to grow and expand to even more clients.
Sawyer discussed the value of his invention and how it helped children with wheat allergies during his Shark Tank presentation. He said that his non-toxic, odor-enhancing, gluten-free modeling clay gave kids an enjoyable and safe way to engage in art.
He also emphasized how his product was a much-needed substitute for modeling clay because 1 in 8 children have wheat allergies. Sawyer stated that he had already sold 8,000 units online and was now creating the clay in his mother’s kitchen. He was confident that he could grow his company to new heights with the Sharks’ assistance. Keep reading our Soy-Yer-Dough update to see what happens next!
Kevin Harrington asked how many children are facing this problem. The founder replied that one in eight children is allergic to normal dough which means 12 million containers per year.
Daymond John inquired about the sales of the product. Sawyer responded that he sold 8000 containers since February and last week he got an order of 11,000 containers.
Kevin Harrington further asked about the patent. The founder revealed that he got a provisional patent.
Daymond questioned about the manufacturing location. Sawyer disclosed that he does all of the manufacturing in his kitchen with the help of his girlfriend and mother. They can only make 12 containers in 10 minutes. Sawyer wanted to expand.
Kevin O’Leary inquired about Play-Doh’s interest in buying Sawyer’s invention, and Kevin questioned Sawyer about the patent. Sawyer clarified that Play-Doh had made several attempts to purchase his patent.
Kevin O’Leary appreciated the concept, Kevin offered $125,000 in exchange for 51% of the stock at first. He thought that having the patent and growing the company would be beneficial.
Robert, Kevin, and Daymond made an offer of $300,000 for 51% shares after being impressed with Sawyer’s sales. Taken as a group, they made a bigger offer for a larger share of the business. Sawyer agreed to this arrangement.
Barbara Corcoran and Kevin Harrington, both sharks, left the game early, believing the offers that were already in place were considerable.
Product Availability
From our Soy-Yer-Dough update research, On its official website, Soy-Yer-Dough now known as YER Dough is offered for sale. For children with wheat allergies, the gluten-free clay is still a safe and entertaining alternative. Products from YER Dough can be purchased online via their website Soy-Yer-Dough, and they offer shipping to a number of locations.
The product is priced reasonably as of today, making it accessible to parents who are searching for a clay alternative that is safe for their children. It’s still a well-liked option for people who require gluten-free substitutes.
Conclusion
The story of Sawyer Sparks on Shark Tank and his company Soy-Yer-Dough is amazing. He recognized an issue, came up with a fix, and convinced the Sharks to consider his proposal. His business expanded after he closed a contract, and in 2020 it caught the interest of another business, which bought it.
Sawyer led the business and maintained his vision even after the takeover. Kids with wheat allergies continue to find joy in YER Dough, and its story demonstrates how a modest idea can become a huge success. YER Dough has a bright future ahead of it, and it will be interesting to watch how the company develops over the next few years.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
