Steve Nakisher and Shane Talbott loved tea. They wanted to make tea special. They created Talbott Teas. This company offered fancy tea blends. They had 23 different kinds. Each one was unique. They wanted people to enjoy tea more. They thought their teas could make tea time better. They went on a TV show. The show was called Shark Tank. They hoped to get help to grow their business.
They wanted to share their teas with more people. They believed their teas were the best. They wanted everyone to try them. They were excited to tell the Sharks about their teas. They hoped the Sharks would like their idea. They wanted to make a deal. They needed money to make more tea. They wanted to sell their teas in more places. They believed the Sharks could help them do this. Will the entrepreneur get a deal on Shark Tank? Check out Talbot Tea update to find out!
Talbot Tea Net Worth Shark Tank Update 2025
Steve Nakisher and Shawn Talbott went on Shark Tank asking for $250,000 for 20% of their company. This meant they thought their business was worth $1,250,000. They made a deal with Kevin O’Leary for $250,000 for 35%, lowering the valuation to $714,000. The episode was aired on February 17, 2012. Shortly after, the company was acquired by Jamba Juice in 2012. Since it was acquired, its independent net worth is not calculated, but the estimated deal value was about $1 million.
After Shark Tank Talbott Teas changed. They made a deal with Kevin O’Leary. Later, they sold their company. Jamba Juice bought Talbott Teas. This happened in 2012. Jamba Juice liked their teas. They wanted to offer them in their stores. This was a big step for Talbott Teas. It helped them reach more people. Later, another company bought Talbott Teas.
This company was Tadin Herb and Tea Company. This change happened after Jamba Juice owned them. Now, Talbott Teas is part of Tadin. They still offer their special teas. People can still enjoy their unique blends. The company has grown since Shark Tank. They have reached more tea lovers. Their dream has come true.
Yes they did. On Shark Tank, Steve and Shane asked for money. They wanted $250,000. They offered 20% to the Sharks. Kevin O’Leary liked their idea. He made an offer. He offered the money. But he wanted more of the company. He asked for 40%. Steve and Shane thought about it.
They talked with Kevin. They made a new deal. Kevin would get 35% of the company. They agreed. They shook hands. They were happy. They got the money they needed. They had a new partner. This was a big moment for them. It helped their company grow.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Robert Herjavec | out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Kevin O’Leary | $250,000 for 40% equity | #1 $250,000 for 30% equity #2 $250,000 for 35% equity | yes to 2nd offer |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Talbot Tea Shark Tank pitch
Shane Talbott loved tea. He worked in salons and spas. He was Oprah Winfrey’s hair colorist. He wanted to make the tea special. He thought tea could be more fun. He met Steve Nakisher. Steve was a psychologist. He was also an entrepreneur. They became friends. They had an idea. They wanted to start a tea company. They wanted to make fancy tea blends. They wanted to use the best ingredients. They started Talbott Teas in 2003.
They worked hard. They faced challenges. It was not easy. They had to find the right ingredients. They had to create the blends. They had to package the teas. They had to sell them. They invested their own money. They put in $300,000. They believed in their idea. They wanted to share their teas with the world. They kept going. They did not give up. Their hard work paid off. People loved their teas. Their business grew.
The Sharks had questions. They wanted to know more. Robert Herjavec asked about the smell. He liked it. He wanted to know how they made it. Steve and Shane explained. They used high-quality ingredients. They blended them carefully. They wanted the teas to smell and taste good. Daymond John was interested. He asked about their sales. Steve and Shane told him. They shared their numbers. Daymond was impressed.
Lori Greiner had a question. She asked why their sales went up. Shane answered. He said Oprah liked their teas. She put them on her favorite things list. This helped them sell more. Mark Cuban had a question too. He asked why they needed help. Steve and Shane explained. They wanted to grow faster. They needed money to do that. They wanted a partner. They believed the Sharks could help them.
The Sharks listened. They thought about the answers. They were interested. They liked the teas. They liked the founders. They were ready to make offers.
The Sharks thought about the deal. Daymond John spoke first. He liked the tea. He liked Steve and Shane. But he had a problem. He was already in the tea business. He could not join another. He said he was out. He was sorry. Mark Cuban spoke next. He liked their approach. But he was not a tea person. He said he was out too. Kevin O’Leary was interested. He liked the business. He liked the numbers. He made an offer.
He offered $250,000. But he wanted 40% of the company. Steve and Shane thought about it. They wanted to keep more of their company. They made a counteroffer. They offered 30%. Kevin thought. He usually did not change his offers. But he liked them. He made a new offer. He asked for 35%. Steve and Shane agreed. They shook hands. They had a deal. They were happy. They had a new partner. They were ready to grow their business.
What Went Wrong With Talbot Tea On Shark Tank?
Not all Sharks made offers. Daymond John liked the teas. But he had a conflict. He was already in the tea business. He could not join another. He had to say no. Mark Cuban liked the founders. But he was not into tea. He did not see a fit. He said no, too. Robert Herjavec and Lori Greiner agreed with Kevin’s offer. They did not make their own. They stepped back. They let Kevin lead.
Steve and Shane faced challenges. They had to give up more of their company than they wanted. But they got the deal. They got the money. They got a partner. They were ready to move forward.
Product Availability
Talbott Teas offered many tea blends. They used whole tea leaves. They had 23 different blends. They had black teas. They had green tea. They had herbal teas. They had fruit infusion teas. They wanted their teas to taste good. They wanted their teas to look nice. They used pretty packages.
After Shark Tank their teas were sold in Jamba Juice stores. Jamba Juice bought Talbott Teas in 2012. Later, Jamba Juice sold Talbott Teas to Tadin Herb and Tea Company. The date of this sale is not clear. As of 2024 Talbott Teas is not in business. Their website is not active. They are no longer selling teas.
Conclusion
Steve and Shane loved tea. They wanted to make tea special. They created Talbott Teas. They went on Shark Tank. They made a deal with Kevin O’Leary. Their company grew. They sold it to Jamba Juice. Later, it was sold to Tadin Herb and Tea Company. Now, Talbott Teas is not in business. Their journey shows how a small idea can grow big. It also shows how things can change over time.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
