What Happened To Plate Topper After Shark Tank?
Facebook By Cristine Struble/Updated: Dec. 16, 2022 1:01 pm EST
When “Shark Tank” premiered in 2009, the concept borrowed from a Japanese show took a little time to find its audience, per Insider. Now, after 12 seasons, the sharks have made household names out of some products. From filling a void to just a tasty treat, many entrepreneurs long for the backing of one of the moguls who seem to have the magic touch. But, getting that handshake in the tank does not mean that the deal is signed, sealed, and delivered.
According to Shark Tank Success, Plate Topper appeared in Season 4 episode 10. Created by Michael Tseng, the concept was simple. People are tired of messing with plastic wrap, aluminum foil, and mis-matched storage containers. The Plate Topper used a silicone seal to turn any plate into a container. Simply place on top, and it sealed. From the reusable factor to the ease, the concept seemed to be set for “As Seen on TV” success. While a product might be genius, the person behind the brand might have not have the personality to make a simple solution a household name. On “Shark Tank,” the sharks circle for a great deal, but sometimes that bite is too tough to swallow.
Did Plate Topper get a Shark Tank deal?
Ahanov Michael/Shutterstock
When a product solves a simple solution, it might not be glamorous but it can earn a “Shark Tank” deal. Prior to the show, no one would have thought that Squatty Potty would have people proudly talking about their bathroom habits. With kitchen gadgets, simple can be genius and Plate Topper looked to fit that mold.
According to Gazette Review, Plate Topper petitioned the sharks for $90,000 in exchange for 5% equity. With placement on QVC and Walmart, the simple storage solution appeared to be headed in the right direction. As the sharks questioned entrepreneur Michael Tseng, it appeared that his pitch was not quite as tightly sealed as it would have appeared. With many people thinking that this product would be worth a mint, a bidding war began. But Tseng revealed that he wanted to keep as much equity in his company, which caused questions regarding his evaluation. After some bickering, Tseng agreed to a deal with Lori Greiner at $90,000 in exchange for 8% of the company. Unfortunately, the deal on TV didn’t translate behind the scenes.
What Happened To Plate Topper After Shark Tank?
By Cristine Struble/Updated: Dec. 16, 2022 1:01 pm EST
When “Shark Tank” premiered in 2009, the concept borrowed from a Japanese show took a little time to find its audience, per Insider. Now, after 12 seasons, the sharks have made household names out of some products. From filling a void to just a tasty treat, many entrepreneurs long for the backing of one of the moguls who seem to have the magic touch. But, getting that handshake in the tank does not mean that the deal is signed, sealed, and delivered.
According to Shark Tank Success, Plate Topper appeared in Season 4 episode 10. Created by Michael Tseng, the concept was simple. People are tired of messing with plastic wrap, aluminum foil, and mis-matched storage containers. The Plate Topper used a silicone seal to turn any plate into a container. Simply place on top, and it sealed. From the reusable factor to the ease, the concept seemed to be set for “As Seen on TV” success. While a product might be genius, the person behind the brand might have not have the personality to make a simple solution a household name. On “Shark Tank,” the sharks circle for a great deal, but sometimes that bite is too tough to swallow.
According to Shark Tank Success, Plate Topper appeared in Season 4 episode 10. Created by Michael Tseng, the concept was simple. People are tired of messing with plastic wrap, aluminum foil, and mis-matched storage containers. The Plate Topper used a silicone seal to turn any plate into a container. Simply place on top, and it sealed. From the reusable factor to the ease, the concept seemed to be set for “As Seen on TV” success. While a product might be genius, the person behind the brand might have not have the personality to make a simple solution a household name. On “Shark Tank,” the sharks circle for a great deal, but sometimes that bite is too tough to swallow.
Did Plate Topper get a Shark Tank deal?
Ahanov Michael/Shutterstock
When a product solves a simple solution, it might not be glamorous but it can earn a “Shark Tank” deal. Prior to the show, no one would have thought that Squatty Potty would have people proudly talking about their bathroom habits. With kitchen gadgets, simple can be genius and Plate Topper looked to fit that mold.
According to Gazette Review, Plate Topper petitioned the sharks for $90,000 in exchange for 5% equity. With placement on QVC and Walmart, the simple storage solution appeared to be headed in the right direction. As the sharks questioned entrepreneur Michael Tseng, it appeared that his pitch was not quite as tightly sealed as it would have appeared. With many people thinking that this product would be worth a mint, a bidding war began. But Tseng revealed that he wanted to keep as much equity in his company, which caused questions regarding his evaluation. After some bickering, Tseng agreed to a deal with Lori Greiner at $90,000 in exchange for 8% of the company. Unfortunately, the deal on TV didn’t translate behind the scenes.
According to Gazette Review, Plate Topper petitioned the sharks for $90,000 in exchange for 5% equity. With placement on QVC and Walmart, the simple storage solution appeared to be headed in the right direction. As the sharks questioned entrepreneur Michael Tseng, it appeared that his pitch was not quite as tightly sealed as it would have appeared. With many people thinking that this product would be worth a mint, a bidding war began. But Tseng revealed that he wanted to keep as much equity in his company, which caused questions regarding his evaluation. After some bickering, Tseng agreed to a deal with Lori Greiner at $90,000 in exchange for 8% of the company. Unfortunately, the deal on TV didn’t translate behind the scenes.
Where is Plate Topper now?
Farknot Architect/Shutterstock
