Quevos Shark Tank Founder, Net Worth and Investment
Quevos, a brand of egg white chips, made a splash on Shark Tank and secured a deal that catapulted them to success. The founders, Nick Hamburger and Zack Schreier, pitched their innovative keto chips to the sharks, ultimately striking a deal with Daniel Lubetzky, the founder of KIND Snacks.
Quevos’ appearance on Shark Tank resulted in a $200,000 investment, a $200,000 line of credit, and a valuable partnership with Lubetzky. This boost allowed Quevos to experience exponential growth, with a staggering 400% increase in sales from 2019 to 2020. Today, Quevos is a household name, with their egg white chips available in over 1,100 retailers across the country.
Key Takeaways:
- Quevos, a brand of egg white chips, appeared on Shark Tank and secured a deal with Daniel Lubetzky.
- The deal involved a $200,000 investment and a $200,000 line of credit in exchange for a 10% stake in the company.
- Quevos experienced a significant growth rate of 400% in sales from 2019 to 2020.
- Their keto-friendly chips are now available in over 1,100 retailers nationwide.
- Quevos’ success can be attributed to their mainstream appeal and omni-channel distribution strategy.
The Journey of Quevos on Shark Tank
Quevos, a healthy snack company that produces egg white chips, made its debut on season 12 of Shark Tank. Co-founded by Nick Hamburger and Zack Schreier, Quevos presented their innovative product to the Sharks, aiming for a $200,000 investment in exchange for a 5% equity stake in their company.
The pitch immediately caught the attention of Daniel Lubetzky, the founder of KIND Snacks, who recognized the potential of Quevos’ unique keto-friendly chips made from egg whites. Lubetzky saw the opportunity for growth and offered Quevos a deal they couldn’t refuse—a $200,000 investment for a 10% equity stake and an additional $200,000 line of credit.
This successful pitch on Shark Tank not only secured vital funding for Quevos but also opened doors to accelerated growth and increased visibility. With Daniel Lubetzky on board as a strategic partner, Quevos was equipped with the resources and mentorship to propel their brand forward.
Since their appearance on Shark Tank, Quevos has continued to thrive, overcoming challenges and establishing themselves as a leading player in the healthy snack industry. The exposure garnered from the show, coupled with the expertise brought by Lubetzky, has accelerated Quevos’ journey to success.
The Secret to Quevos’ Success
Quevos’ success can be attributed to its mainstream appeal and unique distribution strategy. Unlike many emerging brands, Quevos focused on mainstream distribution rather than a niche market. This approach allowed them to expand their presence from 250 to 1,100 retailers and achieve a 400% growth in sales during the 2019-2020 period.
Quevos’ omni-channel strategy, which includes online sales through platforms like Amazon and partnerships with national retailers like Wegmans and Vitamin Shoppe, has enabled them to penetrate the market effectively. By leveraging multiple distribution channels, Quevos has been able to reach a wider audience and generate significant sales growth.
| Quevos Distribution Strategy | Benefits |
|---|---|
| Mainstream Distribution | Expanding presence to over 1,100 retailers |
| Omni-channel Approach | Online sales through platforms like Amazon |
| Partnerships with national retailers like Wegmans and Vitamin Shoppe |
This comprehensive distribution strategy has allowed Quevos to establish a strong market presence and drive their growth. It has also enabled them to meet the increasing demand for their innovative egg white chips across various consumer channels, ensuring accessibility and convenience for their target audience.
The Creation of Quevos’ Egg White Chips
Quevos’ egg white chips were created by childhood friends Zack Schreier and Nick Hamburger. The idea for the chips originated from Zach’s search for a low-carb snack to manage his Type 1 diabetes. Inspired by the crispy leftovers of an egg white omelette, Zach and Nick developed a crunchy and boldly flavored chip.
The chips come in four flavors – Sweet Barbeque, Cheddar, Quevos Rancheros, and Sour Cream & Onion – and are made from all-natural ingredients, including egg whites, pea protein, avocado oil, and chia seeds.
Flavors of Quevos Egg White Chips
| Flavor | Description |
|---|---|
| Sweet Barbeque | A smoky and slightly sweet flavor with a hint of barbeque tanginess. Perfect for those who enjoy a savory and bold taste. |
| Cheddar | A cheesy and savory flavor that satisfies any cheese lover’s cravings. The combination of cheddar and crunchy chip creates a delightful snacking experience. |
| Quevos Rancheros | A zesty and spicy flavor inspired by the popular Mexican dish. The Quevos Rancheros chips deliver a burst of flavor and a hint of heat. |
| Sour Cream & Onion | A classic combination of tangy sour cream and savory onion. The chips are seasoned to perfection, offering a satisfying crunch with every bite. |
The Nutritional Profile of Quevos Chips
Quevos chips are not only delicious but also offer a unique nutritional profile that makes them a healthy snacking choice. Each bag of Quevos chips provides approximately 10 grams of protein, offering a satisfying and filling snack option. Additionally, Quevos chips are rich in fiber, with around six grams per serving, supporting digestive health and helping you feel fuller for longer.
One of the standout features of Quevos chips is their low net carb content. In fact, the keto line of Quevos chips contains only two grams of net carbs per bag, making them suitable for individuals following a low-carb or ketogenic diet.
What sets Quevos chips apart is that they are made from all-natural ingredients. From the use of real egg whites to the inclusion of wholesome ingredients like pea protein, avocado oil, and chia seeds, Quevos chips prioritize quality and nutritional value.
Whether you’re looking for a protein-packed snack, a low-carb option, or simply a flavorful treat made from natural ingredients, Quevos chips offer it all. Indulge in the guilt-free snacking experience of Quevos chips without compromising on taste or nutrition.
| Nutrient | Amount Per Serving |
|---|---|
| Protein | Approximately 10 grams |
| Carbs | Low net carb content |
| Fiber | Approximately 6 grams |
Quevos’ Early Success and Funding
Quevos, the innovative egg white chip brand, experienced early success through various funding initiatives that propelled their growth. They utilized different strategies to secure funding and generate impressive sales figures.
Kickstarter Campaign
Quevos kickstarted their entrepreneurial journey by launching a crowdfunding campaign on Kickstarter. Their campaign exceeded all expectations, raising an incredible $72,000, surpassing their original target by more than seven times. The overwhelming support and enthusiasm from backers helped establish a solid foundation for Quevos’ future success.
Kraft Heinz Springboard Incubator Program
Quevos was selected to participate in the prestigious Kraft Heinz Springboard incubator program. This program provides mentorship, resources, and investment opportunities to innovative food and beverage start-ups. Through this program, Quevos raised an impressive total of $1.6 million in funding, further fueling their growth and expansion.
Impressive Sales Figures
Quevos’ dedication to creating a unique and delicious snack paid off with remarkable sales figures. In 2020 alone, they achieved $260,000 in sales. Furthermore, their sales for the 2019-2020 period totaled an impressive $660,000. These exceptional sales numbers reflect the growing demand for their high-quality and flavorful egg white chips.
Quevos’ early success in securing funding and achieving remarkable sales figures played a pivotal role in their journey, paving the way for their appearance on Shark Tank and setting the stage for their subsequent growth and success.
Quevos on Shark Tank – The Pitch and Deal
When Quevos appeared on Shark Tank, they delivered a pitch that left a lasting impression. The founders, Nick and Zack, sought a $200,000 investment for a 5% equity stake in their company. They showcased their innovative egg white chips, highlighting their impressive sales growth and unique production process.
“Our egg white chips have gained immense popularity due to their delicious flavors and nutritional benefits. With our scalable production process, we are confident in our ability to meet the increasing demand in the market.”
The Sharks were immediately intrigued by Quevos’ pitch and recognized the potential of the product. Kevin O’Leary and Daniel Lubetzky both made offers, but it was Daniel Lubetzky who ultimately secured the deal. Lubetzky offered $200,000 for a 10% equity stake and added a $200,000 line of credit to support Quevos’ growth.
This deal marked a significant milestone for Quevos, solidifying their position in the market and providing them with the resources needed to scale their business even further. The partnership with Daniel Lubetzky brings valuable expertise and guidance, supporting Quevos’ continued success.
The Quevos on Shark Tank pitch and the subsequent deal with Daniel Lubetzky has propelled the company to new heights, enabling them to expand their reach and fulfill their mission of providing a healthier snacking option to consumers.
The Quevos Shark Tank Pitch: Key Points
- Seeking a $200,000 investment for a 5% equity stake
- Presented innovative egg white chips with unique production process
- Emphasized sales growth and mainstream appeal
Deal with Daniel Lubetzky:
- Accepted offer of $200,000 for a 10% equity stake
- Secured a $200,000 line of credit
- Partnership provides valuable guidance and support for Quevos’ growth
Quevos’ Growth Post-Shark Tank
Following their appearance on Shark Tank, Quevos experienced remarkable growth, solidifying their position in the market. Their strategic expansion and increased sales have propelled them to new heights.
Retail Presence Expansion
Since their Shark Tank debut, Quevos has successfully expanded their retail presence, making their products accessible to a wider audience. They have gone from being available in 400 stores to over 1,500 stores nationwide. Notable retailers such as Whole Foods, Wegmans, and The Vitamin Shoppe now carry Quevos’ innovative egg white chips, providing customers with easy access to their delicious and healthy snack options.
Sales Growth
Their expansion has been accompanied by substantial sales growth. Within just eight months, Quevos experienced a remarkable surge in sales, with revenue increasing from $1.3 million to an impressive $3.2 million. This outstanding performance showcases the growing demand and popularity of Quevos’ egg white chips among consumers.
Additional Investment
Quevos’ success did not go unnoticed. Daniel Lubetzky, the founder of KIND Snacks and an investor in Quevos, recognized their potential and announced an additional investment of $1.35 million during a Season 13 update. This further investment demonstrates the confidence Lubetzky has in Quevos’ growth trajectory and their ability to continue their upward momentum.
With a stronger retail presence, skyrocketing sales, and continued support from Daniel Lubetzky, Quevos is well-positioned for further success in the marketplace.
Quevos’ Market Presence and Accessibility
Quevos chips are now widely available to consumers, offering easy access to their delicious and nutritious snacks. Whether you prefer the convenience of online shopping or the satisfaction of browsing in-store, Quevos has you covered.
Online Sales:
You can easily purchase Quevos chips from the comfort of your own home through their website and online platforms like Amazon. Simply visit the Quevos website or your favorite online retailer to place your order and have your chips delivered right to your doorstep.
Retail Locations:
Quevos has expanded its retail presence and can now be found in over 1,500 stores nationwide. These include popular retailers such as Whole Foods, Wegmans, The Vitamin Shoppe, and GNC, among others.
| Retailer | Number of Stores |
|---|---|
| Whole Foods | 500+ |
| Wegmans | 300+ |
| The Vitamin Shoppe | 400+ |
| GNC | 300+ |
This increased availability makes it even easier for you to get your hands on Quevos chips, no matter where you are in the United States. Whether you prefer shopping online or visiting a physical store, you can enjoy the crunch and flavor of Quevos chips with ease.
Experience the delight of Quevos’ crispy and boldly flavored egg white chips by placing your order online or visiting a retail location near you!
Daniel Lubetzky’s Support and Guidance for Quevos
Daniel Lubetzky, the founder of KIND Snacks and investor in Quevos, plays a significant role in supporting and guiding the company. Drawing on his experience in building successful brands like KIND, Lubetzky brings valuable insights and expertise to help Quevos scale and thrive in the competitive snack industry.
Lubetzky’s investment in Quevos demonstrates his belief in the brand and its potential for growth. By injecting capital into the company, Lubetzky has provided the resources necessary for Quevos to expand its operations, develop new products, and reach a wider customer base.
However, it’s not just financial support that Lubetzky offers. He also provides invaluable advice and strategic direction to Quevos’ leadership team. Lubetzky’s guidance stems from his deep understanding of the food industry and his commitment to creating sustainable, health-focused products.
One of the key pieces of advice Lubetzky emphasizes to Quevos is the importance of staying focused on the core business. Instead of chasing short-term trends, Lubetzky advocates for Quevos to concentrate on their unique selling point: the value of egg whites as a nutritious and versatile ingredient. By honing in on their core product offering, Quevos can maintain their competitive edge and attract a loyal customer base.
Furthermore, Lubetzky encourages Quevos to adopt a lean mindset as they navigate the challenges of scaling a food brand. This involves making strategic decisions, prioritizing efficiency, and avoiding unnecessary distractions that could derail their growth trajectory.
Thanks to Lubetzky’s investment and guidance, Quevos has been able to leverage his wealth of experience to lay the groundwork for long-term success. Lubetzky’s involvement with the brand extends beyond financial support, as he actively contributes to shaping Quevos’ growth strategy and positioning them as a leader in the healthy snack market.
As Quevos continues to thrive under Lubetzky’s mentorship, the brand is poised for even greater achievements in the future.
Quevos’ Valuation and Net Worth
After securing the deal with Daniel Lubetzky on Shark Tank, Quevos achieved a valuation of $4 million. This significant valuation reflects the growth and success of the company since its appearance on the show. Prior to Shark Tank, Quevos had sales of $260,000 in 2019 and $660,000 in the 2019-2020 period. The additional funding and investment from Lubetzky further solidified Quevos’ position in the market and contributed to their net worth.
The Success Story of Quevos’ Founders
Nick Hamburger and Zack Schreier, the founders of Quevos, have achieved remarkable success at a young age. Both aged just 23, they have built a highly successful snack company and gained recognition on the prestigious Forbes 30 Under 30 list in the Food & Drink Industry. Their journey began with a shared passion for providing healthier snack options and a commitment to innovation.
Hamburger and Schreier encountered various challenges along the way but remained resilient in their pursuit of success. They secured funding through initiatives like Kickstarter and the Kraft Heinz Springboard incubator program, enabling them to fuel their growth and expand their business. However, their breakthrough moment came when they appeared on the iconic television show Shark Tank and successfully pitched their product.
The exposure from Shark Tank, coupled with the expertise and investment of renowned entrepreneur Daniel Lubetzky, propelled Quevos to new heights. The brand experienced significant growth, expanding its retail presence from 400 stores to over 1,500 stores nationwide. Hamburger and Schreier’s unwavering dedication to their vision, coupled with their ability to navigate challenges and seize opportunities, is a testament to their entrepreneurial spirit and has positioned Quevos as a key player in the snack industry.
FAQ
What is Quevos?
Quevos is a brand of healthy snacks that produces egg white chips. They offer crunchy and boldly flavored chips made from all-natural ingredients like egg whites, pea protein, avocado oil, and chia seeds.
Are Quevos chips keto-friendly?
Yes, Quevos chips are keto-friendly. Their keto line contains only two grams of net carbs per bag, making them a suitable option for those following a low-carb or ketogenic diet.
Where can I buy Quevos chips?
Quevos chips can be purchased on the Quevos website and on online platforms like Amazon. They are also available in over 1,500 retail stores nationwide, including Whole Foods, Wegmans, The Vitamin Shoppe, and GNC.
Who invested in Quevos on Shark Tank?
Quevos secured a deal with Daniel Lubetzky, the founder of KIND Snacks. He invested 0,000 for a 10% equity stake in the company and also provided a 0,000 line of credit.
What flavors do Quevos chips come in?
Quevos chips come in four flavors: Sweet Barbeque, Cheddar, Quevos Rancheros, and Sour Cream & Onion.
What is the nutritional profile of Quevos chips?
Each bag of Quevos chips provides around 10 grams of protein and six grams of fiber. They are low in net carbs and made with all-natural ingredients, offering a healthier snacking option.
How has Quevos grown since appearing on Shark Tank?
Since appearing on Shark Tank, Quevos has experienced significant growth. They expanded their retail presence from 400 stores to over 1,500 stores and saw a substantial increase in sales from
FAQ
What is Quevos?
Quevos is a brand of healthy snacks that produces egg white chips. They offer crunchy and boldly flavored chips made from all-natural ingredients like egg whites, pea protein, avocado oil, and chia seeds.
Are Quevos chips keto-friendly?
Yes, Quevos chips are keto-friendly. Their keto line contains only two grams of net carbs per bag, making them a suitable option for those following a low-carb or ketogenic diet.
Where can I buy Quevos chips?
Quevos chips can be purchased on the Quevos website and on online platforms like Amazon. They are also available in over 1,500 retail stores nationwide, including Whole Foods, Wegmans, The Vitamin Shoppe, and GNC.
Who invested in Quevos on Shark Tank?
Quevos secured a deal with Daniel Lubetzky, the founder of KIND Snacks. He invested $200,000 for a 10% equity stake in the company and also provided a $200,000 line of credit.
What flavors do Quevos chips come in?
Quevos chips come in four flavors: Sweet Barbeque, Cheddar, Quevos Rancheros, and Sour Cream & Onion.
What is the nutritional profile of Quevos chips?
Each bag of Quevos chips provides around 10 grams of protein and six grams of fiber. They are low in net carbs and made with all-natural ingredients, offering a healthier snacking option.
How has Quevos grown since appearing on Shark Tank?
Since appearing on Shark Tank, Quevos has experienced significant growth. They expanded their retail presence from 400 stores to over 1,500 stores and saw a substantial increase in sales from $1.3 million to $3.2 million within eight months.
What is the net worth of Quevos?
After securing the deal on Shark Tank, Quevos achieved a valuation of $4 million, reflecting their growth and success in the market.
Who are the founders of Quevos?
Quevos was founded by childhood friends Nick Hamburger and Zack Schreier. They developed the idea for egg white chips as a healthier snack option, inspired by Zack’s search for a low-carb option to manage his Type 1 diabetes.
What is the retail presence of Quevos?
Quevos chips are available in over 1,500 retail stores nationwide, including popular retailers like Whole Foods, Wegmans, The Vitamin Shoppe, and GNC.
How has Daniel Lubetzky supported Quevos?
Daniel Lubetzky, the founder of KIND Snacks and investor in Quevos, provides support and guidance to the company. He brings his experience and knowledge from building successful businesses to help Quevos grow.
What funding initiatives has Quevos participated in?
Quevos raised $72,000 through a Kickstarter campaign, surpassing their original target by more than seven times. They also participated in the Kraft Heinz Springboard incubator program and raised a total of $1.6 million in funding.
How do Quevos chips stand out from other snacks?
Quevos chips stand out due to their unique production process and nutritional profile. They are made from egg whites, providing a high protein content and are low in net carbs, making them suitable for various dietary needs.
.3 million to .2 million within eight months.
What is the net worth of Quevos?
After securing the deal on Shark Tank, Quevos achieved a valuation of million, reflecting their growth and success in the market.
Who are the founders of Quevos?
Quevos was founded by childhood friends Nick Hamburger and Zack Schreier. They developed the idea for egg white chips as a healthier snack option, inspired by Zack’s search for a low-carb option to manage his Type 1 diabetes.
What is the retail presence of Quevos?
Quevos chips are available in over 1,500 retail stores nationwide, including popular retailers like Whole Foods, Wegmans, The Vitamin Shoppe, and GNC.
How has Daniel Lubetzky supported Quevos?
Daniel Lubetzky, the founder of KIND Snacks and investor in Quevos, provides support and guidance to the company. He brings his experience and knowledge from building successful businesses to help Quevos grow.
What funding initiatives has Quevos participated in?
Quevos raised ,000 through a Kickstarter campaign, surpassing their original target by more than seven times. They also participated in the Kraft Heinz Springboard incubator program and raised a total of
FAQ
What is Quevos?
Quevos is a brand of healthy snacks that produces egg white chips. They offer crunchy and boldly flavored chips made from all-natural ingredients like egg whites, pea protein, avocado oil, and chia seeds.
Are Quevos chips keto-friendly?
Yes, Quevos chips are keto-friendly. Their keto line contains only two grams of net carbs per bag, making them a suitable option for those following a low-carb or ketogenic diet.
Where can I buy Quevos chips?
Quevos chips can be purchased on the Quevos website and on online platforms like Amazon. They are also available in over 1,500 retail stores nationwide, including Whole Foods, Wegmans, The Vitamin Shoppe, and GNC.
Who invested in Quevos on Shark Tank?
Quevos secured a deal with Daniel Lubetzky, the founder of KIND Snacks. He invested $200,000 for a 10% equity stake in the company and also provided a $200,000 line of credit.
What flavors do Quevos chips come in?
Quevos chips come in four flavors: Sweet Barbeque, Cheddar, Quevos Rancheros, and Sour Cream & Onion.
What is the nutritional profile of Quevos chips?
Each bag of Quevos chips provides around 10 grams of protein and six grams of fiber. They are low in net carbs and made with all-natural ingredients, offering a healthier snacking option.
How has Quevos grown since appearing on Shark Tank?
Since appearing on Shark Tank, Quevos has experienced significant growth. They expanded their retail presence from 400 stores to over 1,500 stores and saw a substantial increase in sales from $1.3 million to $3.2 million within eight months.
What is the net worth of Quevos?
After securing the deal on Shark Tank, Quevos achieved a valuation of $4 million, reflecting their growth and success in the market.
Who are the founders of Quevos?
Quevos was founded by childhood friends Nick Hamburger and Zack Schreier. They developed the idea for egg white chips as a healthier snack option, inspired by Zack’s search for a low-carb option to manage his Type 1 diabetes.
What is the retail presence of Quevos?
Quevos chips are available in over 1,500 retail stores nationwide, including popular retailers like Whole Foods, Wegmans, The Vitamin Shoppe, and GNC.
How has Daniel Lubetzky supported Quevos?
Daniel Lubetzky, the founder of KIND Snacks and investor in Quevos, provides support and guidance to the company. He brings his experience and knowledge from building successful businesses to help Quevos grow.
What funding initiatives has Quevos participated in?
Quevos raised $72,000 through a Kickstarter campaign, surpassing their original target by more than seven times. They also participated in the Kraft Heinz Springboard incubator program and raised a total of $1.6 million in funding.
How do Quevos chips stand out from other snacks?
Quevos chips stand out due to their unique production process and nutritional profile. They are made from egg whites, providing a high protein content and are low in net carbs, making them suitable for various dietary needs.
.6 million in funding.
How do Quevos chips stand out from other snacks?
Quevos chips stand out due to their unique production process and nutritional profile. They are made from egg whites, providing a high protein content and are low in net carbs, making them suitable for various dietary needs.
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