Fans agreed with the Sharks’ view that the Uprising Foods’ bread was not only ridiculously overpriced but also that the pitch was all sorts of confusing
‘The Sharks must be out of their minds’ mumbled a surprised William Schumacher as he and his wife Kristen Schumacher walked out of the tank with no deal for their premium bread company Uprising Food. The couple walked into the tank seeking a whopping $500,000 in exchange for a measly 3% stake. Even before they began pitching for their high-end bread cube, the Sharks chuckled on seeing the couple’s bid.
William did most of the talking as he explained what sets Uprising Food’s bread cube apart from the several other loaves of bread available in the market. After generously throwing in a bunch of jargon and some very impressive sales numbers, he managed to grab the attention of all the Sharks. Unfortunately, that attention quickly turned into an intense criticizing session once the Sharks began asking him questions and trying to make sense of the numbers he was so proudly sharing. The Sharks were briefly pacified after taking a bite of the bread slice, which all of them unanimously deemed as extremely tasty and delicious. But as soon as they heard that the bread cube was sold for a whopping $12 they were once again back to bashing the Schumachers for their extremely confusing pitch. Mark Cuban was especially frustrated by how the couple was messing up their pitch for a genuinely good product by not focussing on the strengths of the bread but instead harping about superfoods and the nutrition deficit problem in the country.
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Guest Shark Emma Grede, Lori Greiner, and Barbara Corcoran too agreed with Mark and felt that although they had a great product on their hands the extremely inflated price and the confusing numbers made them wary of parting with their purse to invest in the company. Despite having a record number of sales in 2021 and 2020, the company was still running at a loss of close to $1 million.
Mr Wonderful aka Kevin O’Leary was ready to give them one last fighting chance and asked them by when they were hoping to become profitable, and the founders once again fumbled when they vaguely replied saying they would be profitable once they reach a certain level of sales. So it came as no surprise that the Schumachers left the tank empty-handed. While they are still dumbfounded at. Brinkwire Brief News.