What Is Off The Cob?
Off The Cob Chips is natural corn tortilla chips made with sweet corn instead of ordinary grain corn, which results in a more flavorful chip.
They additionally follow a sustainable business approach by turning sweet corn into tortilla chips that would otherwise be thrown away.
|Company Name||Off the Cob Tortilla Chips|
|Business||Sweet corn tortilla chips that are organic, non-GMO, and gluten-free|
|Investment Seeking||$100,000 For 15% In Off The Cob|
|Final Deal||No Deal|
|Episode||Episode 6 Season 10|
|Business Status||In Business|
Who Is The Founder Of Off The Cob?
Cameron Sheldrake is the founder and president of Off The Cob Chips. He was a student at Babson College in Boston when he developed and eventually released the Off the Cob Tortilla Chips.
Sheldrake worked at Early Bird Farm and Garden Centre until 2019 when he was last employed.
Off The Cob Before Shark Tank
Cameron learned about organic vegetables and developed an interest in them while growing up on his family’s farm in Ithaca, New York.
A Babson College graduate in 2012, he had always dreamed of being an entrepreneur. Hence, he jumped at the opportunity to make his chips a reality!
Like many food entrepreneurs on The Tank, it is likely that he is seeking capital to finance inventory and assist with national distribution.
Sheldrake grew up on a farm in Ithaca, New York, where his family grew sweet corn for generations.
He witnessed the alarming amount of sweet corn wasted each season due to unsold produce.
He was not deterred by sweet corn’s short shelf life compared to grain corn and overcame the obstacle – becoming the first to conceive of using sweet corn for manufacturing tortilla chips.
Sheldrake initially raised over $15,000 through a successful Kickstarter effort to get his idea off the ground before being featured on Shark Tank.
How Was The Shark Tank PItch of Off The Cob?
Cameron Sheldrake appeared on Shark Tank requesting an investment of $100,000 in exchange for a 15% stake in Off the Cob Chips.
Cameron left the Shark Tank stage without any investment for Off the Cob Chips from Sharks.
Result: There Is No Deal between Off The Cob Chips and Sharks.
What Happened To Off The Cob After Shark Tank?
There has been some stunted growth at Off the Cob, which can be attributed to the manufacturing process of tortilla chips.
Off the Cob uses sweet corn rather than grain corn, which requires more time, resources, and expertise to grow, so reducing costs can be challenging.
Sweet corn is also a hot product, even though it is grown throughout the U.S. It can be grown year-round in Florida; it is truly remarkable when grown in the Great Plains (which begin in Ohio and extend as far as Iowa).
Off the Cob Tortilla Chips are still available, but the price has not decreased, and the product is difficult to find in physical marketplaces.
You could purchase a 24-pack of 1-ounce bags of Off the Cob chips for $24.99 or a 12-pack of 12-ounce bags for $59.99 in an online store.
However, the Off the Cob chips operation was shut down, and the company went out of business in 2021.
Off the Cob Shark Tank Update
Cameron may not have landed a big deal with a major brand, but he kept running the business. The show seemed to get them the publicity they needed.
When they returned to America, they received so many orders that they ran out of stock for two months. Within two weeks, the company had doubled its sales.
By 2017, tortilla chips had been sold in more than 300 stores. Whole Foods and Levi’s were their biggest partners.
It is also available on their official website and Amazon. According to a David Cameron interview, they’ve made six times as much money each year after being on the show.
However, it was not long-lasting. Off the Cob had financial difficulties and were forced to shut down. In the fall of 2021, they stopped operating and shut down.
They never made official announcements, but we believe they had some financial difficulties.
Is Off The Cob Still In Business?
Whole Foods was the first big retailer to carry Off the Cob tortilla chips, a deal that initially revealed the product’s promise, and the product was also available on Amazon.com.
Off the Cob Chips went out of business in 2021.
What Is the Net Worth of Off the Cob?
The valuation of Off the Cob was 666,000 when it appeared on Shark Tank. The net worth of Off the Cob is unknown as of 2022 since the company went out of business.