Even after successfully developing the Bite toothpaste formula, McCormick is still taking advantage of free courses online, like an accounting and finance module she recently completed on YouTube. ![]() She took free online classes through the University of Phoenix and Massachusetts Institute of Technology. in organic chemistry, here's how you take it for free." ![]() "I found this page that a user put together that was like, if you want to take chemistry classes all the way from senior year of high school to Ph.D. Reddit was a surprisingly helpful resource: "I feel like it's like a business built on Reddit," she says. A combination of networking and free online courses helped her get up to speed in a way that didn't break the bank. But she didn't let the learning curve didn't deter her. McCormick set out to formulate a sustainable toothpaste with "clean" ingredients, despite having no formal chemistry training. Here are some of the money-saving hacks McCormick used to turn her savings into a fully fledged, successful business: Take advantage of free online learning opportunities Even without Cuban's investment, though, business has been booming and McCormick attributes much of Bite's success to keeping costs low.Īnyone can " start a business with an iPhone and some money in their bank, like a few hundred dollars," McCormick says. McCormick and her co-founder and boyfriend Asher Hunt ended up turning down Cuban's offer of $325,000 for 15% of their company, because they were only willing to give up 7% of their equity. She even landed an investment offer from Mark Cuban on ABC's "Shark Tank" last March. Within a few years, McCormick has turned that $6,000 into a multimillion-dollar business. "It was like any of the money I would've used for something fun was now being funneled into my business." "I didn't have much money," McCormick says. In 2016, she spent $6,000 of her own savings to start Bite, a vegan, zero-waste toothpaste tablet company. More from Grow: 3 rules for choosing long-term investments when markets are up How to 'grow your wealth with every paycheck': Money expert Don't make this mistake with your emergency savings account, says wealth manager So she decided to formulate an alternative. Interested in more company updates from Shark Tank Season 8? Check out our Season 8 products page."Every year, more than 50 Empire State Buildings worth of toothpaste tubes end up in landfills or oceans," McCormick says. The company has expanded its product line and now offers subscription services for those who’d like a constant source of its sustainable snack fix.įor other company updates from Shark Tank Season 8 Episode 16, look below: Then, in 2020, Peaceful Fruits revealed that the company already had 40 adults with disabilities as employees.ĭespite the COVID-19 pandemic, Peaceful Fruits is still in operation as of 2022. Just a year later, in 2018, Peaceful Fruits was able to boost its production capacity from 1,000 units to 10,000 units. Despite not getting a shark, Evan was still able to grow his company. This leaves us with a Peaceful Fruits update after Evan failed to secure a deal. Because there were several other similar companies and businesses already in the market, Lori Greiner decided to back out as well. Both agreed that while they liked social enterprise businesses, but there just weren’t enough incentives for them to invest. ![]() Kevin O’Leary and Mark Cuban both went out as well. After losing a shark, Evan revealed that the company has only done $20,000 in sales so far.ĭaymond John commented that he found it too challenging to grow the company, so he went out. The sharks couldn’t seem to get enough of it.ĭespite liking the taste, Robert Herjavec had to drop out because of a similar investment that he was a part of. Amazon productĪs Evan gave out samples of Peaceful Fruits to the sharks, they couldn’t help but comment on the taste. Current flavors were acai and apple, acai and pineapple, and a mix of both. ![]() The company sells sustainable and nutritious fruit strips as snacks. He explained that his company, Peaceful Fruits, partnered with local non-profit organizations to employ people with disabilities. It was there that he learned about economic empowerment and how food helps bring people together. Business: Sustainable and nutritious fruit snacksĮvan Delahanty was a member of the Peace Corps.If you’re curious about what happened to his company, stay tuned to our Peaceful Fruits update. Unfortunately, Evan was not able to secure a deal. He wanted a $75,000 investment for 20% equity. During Shark Tank Season 8, Evan Delahanty came to the tank to pitch his company, Peaceful Fruits.
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