In 2013, Kate Field started The Kombucha Shop offering home-brew kits that people can use to make kombucha.
In 2013, Kate Field started The Kombucha Shop offering home-brew kits that people can use to make kombucha.
By 2018, the kombucha craze was in full swing, and Field was invited to pitch her business on Shark Tank. Field asked for $350,000 in return for 10% of her company which was generating around $1.2 million per year selling kombucha kits. Field got an offer for $200,000 in cash and another $150,000 line of credit in return for 10% of her company from Barbara Corcoran and Sara Blakely, the Spanx founder who was a guest Shark that day.
Despite her success on television, a series of surprising events led Field to walk away from the Shark’s offer and sell The Kombucha Shop the following year. This episode is a raw account of the highs and lows of the entrepreneurial journey. Listen and you’ll learn everything you need to know before you go on Shark Tank or approach just about any investor. You’ll also discover:
Kate Field
Kate is the Founder and former CEO of The Kombucha Shop, an e-commerce company that provides everything you need to brew incredible kombucha at home. She bootstrapped the company solo in 2013 with less than $1000 and built it to become the largest kombucha homebrew supplier in the world. In 2018, Kate took The Kombucha Shop into the Shark Tank, where she struck a deal with investors Barbara Corcoran and Sara Blakely. Her pitch was named the #2 moment of the season by Inc. Magazine. In June 2020, Kate made the decision to sell The Kombucha Shop to embark on new adventures and opportunities.
Today, Kate finds joy in exploring new business ventures, investment opportunities and advising fellow entrepreneurs on their journey. She loves all things design-related, real estate, trail running, and eating good food in ATX.
Watch the Podcast HERE: What You Should Know Before You Pitch Your Company on Shark Tank (or Anywhere)