What Happened To Grinds Coffee Pouches After Shark Tank?

What Is Grinds Coffee Pouches?

Grinds Coffee Pouches are a healthier alternative to chewing tobacco that significantly boosts energy. 

Grinds flavored coffee in pouches with active ingredients similar to those found in 5 Hour Energy beverages, such as taurine and guarana.

The Grinds Coffee pouch contains caffeine, energy-boosting vitamins, and other components to give you a similar rush to coffee. You can access it whenever you need it because it is unprocessed.

Grinds Coffee Pouches Shark Tank Update

Chewing on Grinds Coffee Pouches is an unusual method of quitting smoking. These little pouches combine flavorful coffee with vitamin B and taurine to boost your energy.

The grinds coffee pouches come in cans and contain the equivalent of four to five cups of coffee.

Company NameGrinds Coffee
EntrepreneurMatt Canepa And Pat Pezet
ProductTobacco Alternatives – Flavored Coffee Pouches
Investment Asking For$75,000 For 10% equity in Grinds Coffee Pouches
Final Deal$75,000 For 15% equity in Grinds Coffee Pouches
SharkDaymond John And Robert Herjavec
Episode Season 4 Episode 15
Business StatusIn Business
WebsiteVisit Website

Who Is The Founder Of Grinds Coffee Pouches?

Matt Canepa and Patrick Pezet are the co-founders of Grinds Coffee Pouches. They attended California Polytechnic State University and earned degrees in business and finance. 

They were both minor league baseball players, which prompted them to launch Grinds Coffee Pouches. Canepa played baseball professionally for the Chicago Cubs.

It took Canepa and Pezet to finish their economics projects much of the night. Their habit of stuffing coffee into their mouths was similar to chewing a chaw of chewing tobacco to ward off sleepiness.

It was an energized feeling for Canepa and Pezet, and their creative juices were flowing as well. The baseball players realized that they could create a healthier alternative to tobacco chewing with coffee wads.

Grinds Coffee Pouches was created as a profitable business due to their late-night epiphany. You can purchase the branded coffee pouches online in a variety of flavors. Furthermore, 20 major league baseball teams feature these products in their clubhouses.

Grinds Coffee Pouches appeared on Shark Tank seeking funding for expansion. Canepa and Pezet were looking for investors. They reached an agreement with two of the Sharks after much haggling.

Grinds Coffee Pouches Before Shark Tank

Grinds Coffee Pouches are designed to be chewed instead of tobacco to substitute for tobacco chewing.

Pat Pezet and Matt Canepa, both Cal Poly San Luis Obispo, came up with the idea while working on a class project one night.

Pat and Matt were looking for something to do when they came across coffee grounds.

It was awkward at first, but they were able to feel that it worked by chewing on these and getting energy.

The concept of this flyer inspired Matt and Pat to enter a contest, which resulted in both of them receiving a $500 prize.

Their baseball experience led them to recognize the need for a chewing tobacco alternative.

The product launched by Matt and Pat was embraced by many baseball players, including the manager of the San Francisco Giants, when they won the title.

Matt and Pat were informed that the manager substituted Grinds for chewing tobacco. The desire to build a business out of this concept fuelled Matt and Pat’s efforts.

They received assistance locating a manufacturer to begin manufacturing their product and received extensive exposure from media venues such as Entrepreneur Magazine.

They applied to appear on Shark Tank in the hopes of expanding their business and were invited to Season Four.

How Was The Shark Tank Pitch Of Grinds Coffee Pouches?

Grinds Coffee Pouches was presented to episode 413 of Shark Tank by Matt Canepa and Pat Pezet, requesting an investment of $75,000 in exchange for 10% ownership in Grinds Coffee Pouches.

They discussed the history of their company, their product, Grinds, the advantages of the product, including the energy kick it provided, and how it was an alternative to the practice of chewing tobacco.

They also mentioned how large the market was for the goods and how the demand for it had been shown by the fact that 20 major baseball league teams used their product.

Pat gave a presentation on the product’s application before distributing the free samples.

All of the Sharks gave the product a try, and Robert and Kevin were the first to comment on how soon they could tell that the product was functioning because of its robust flavor.

When Robert found out that one slice is equivalent to a quarter cup of coffee, he was even more impressed.

Mark was curious about how Matt and Pat came up with the idea, so they told him the narrative of the project night, the competition, and the favorable reaction from the manager of the San Francisco Giants.

Matt added that they had made $135,000 the previous year and that they were on course to make $300,000 by the end of this year, which piqued Robert’s curiosity in the data.

They also mentioned that the product may be purchased wholesale for $2.69 and retail for $3.99, with an approximate production cost of $1.25.

Barbara was thrilled with Matt and Pat, but she couldn’t connect with the product, so she left the presentation early.

Kevin, as he does every time, raised the worry that more established businesses may “take them out” if they were to achieve success.

Kevin believed that they needed to build the brand more quickly before larger companies did this, so he made Matt and Pat an offer of $100,000, in which he would receive $0.25 each time they sold a can. In exchange, they agreed to pay Kevin a royalty of $0.25 every can sold.

Daymond was curious as to whether or not they were merely searching for financial backing, or if they were also interested in finding a strategic partner. Both of them said that they placed a great importance on the collaboration.

Daymond agreed to go into business with Robert after Robert made an offer of $75,000 for 15% of the company on the condition that he would join because of his distribution ties. Robert also believed there was value in the product.

Matt and Pat expressed their interest in hearing from Mark, who shared his perspective that the industry of cigarette replacement products was one that was medium-sized and specialized.

Mark was of the opinion that this investment would take up too much of his time, so he, too, decided to withdraw his participation.

Matt and Pat responded to Robert and Daymond’s offer with a counter offer of $100,000 for the 15% share.

Robert inquired as to whether or not they would be willing to part with additional stock, but they declined.

Robert did not accept their revised offer because he believed that the value that he and Daymond brought to the table would, in the long run, be worth much more than the additional 25,000 dollars.

Kevin made an attempt to market the benefits of his agreement, one of which was that he would not give up any equity.

After some consideration, Matt and Pat decided to take Daymond and Robert up on their offer, and they exited the Tank in a very upbeat mood.

Final Deal: Daymond John and Robert Herjavec agreed to invest $75,000 For a 15% stake in Grinds Coffee Pouches.

What Happened To Grinds Coffee Pouches After Shark Tank?

It seems, however, that Robert and Daymond’s arrangement with Grinds Coffee Pouches did not finalize since Robert does not list the company on his website, and Daymond has not mentioned it in his numerous interviews and blogs.

Robert and Daymond likely invested when Grinds Coffee Pouches was still in its infancy, with little distribution.

Robert does not appreciate doing business with start-up companies, most likely because of the high risk involved.

Daymond does not participate in many contracts where he receives less than 10% stock due to the time commitment.

Grinds Coffee Pouches Shark Tank Update

Grinds Coffee Pouches have grown in popularity since it aired on Shark Tank, even though no deal was closed.

Grinds Coffee Pouches received massive visibility after the show aired, and their popularity continues to grow through repeated reruns.

Grinds Coffee Pouches sell its goods online and through other online retailers such as Amazon.

Matt and Pat have introduced new flavors to the market and have received favorable responses from others, including MMQB.

Grinds Coffee Pouches are also quite active on their social media platforms. They have over 23,000 likes on Facebook, demonstrating that Matt and Pat remain devoted to expanding Grinds into a huge brand.

Grinds Coffee Pouches Shark Tank Update

Grinds Coffee Pouches company is still doing well through its website and online retailers, even though the Shark deal fell through. Grinds Coffee pouches are selling like hotcakes, and the business is growing.

This coffee-flavored concept piqued the Sharks’ interest, and they have now come up with a product that helps to chew tobacco addicts quit and adds to the Shark Tank success storybook.

Grinds Coffee Pouches is still in business with annual revenue of $5 million in 2022.

Is Grinds Coffee Pouches Still In Business?

Grinds Coffee Pouches are still in business and generating an annual revenue of $5 million as 2022. 

What Is the Net Worth of Grinds Coffee Pouches?

The valuation of Grinds Coffee Pouches was $750,000 when it appeared on Shark Tank. The net worth of Grinds Coffee Pouches is $5 million as of 2022.

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