Flasky Flowers Shark Tank Update | What Happened to Flasky Flowers after the Shark Tank Pitch?
What is Flasky Flowers?
Flasky Flowers is an innovative startup that offers a unique way for brides and their attendants to carry their flower bouquets while secretly sipping on a beverage.
The company’s product features a hidden 12 oz flask within the bouquet that is accessed through a flexible straw.
Flasky Flowers are available for purchase on their website and Etsy shop, at a cost of $20 for one bouquet or $62.99 for a pack of four.
They are made in the United States with BPA-free plastic and replacement foam inserts can also be obtained.
Who is the Founder of Flasky Flowers?
Kelly and Ryan Moynihan started Flasky Flowers in 2019.
Kelly, a hairstylist and mother of seven children, came up with the idea after noticing that women at weddings often asked for someone to hold their drinks so they could take pictures of their flowers.
Flasky Flowers bouquet holders solve this problem and can be used at weddings, bachelorette parties, bridal showers, and other events that involve flowers.
Recognizing the potential of the idea, the couple sold their home to fund the business and Kelly used her skills as a hairdresser to develop the product. Ryan quit his job to stay home and take care of their seven children.
What Happened to Flasky Flowers at the Shark Tank Pitch?
Ryan and Kelly appeared on Shark Tank season 13 episode 3 seeking $50,000 in exchange for a 10% stake in their company, indicating a value of $500,000 for the business.
Kelly demonstrated their product by taking a sip from it and explained how she came up with the idea.
The Sharks were intrigued and learned that sales so far totaled $21,000, each unit costs $1.27 to make and sells for $20.
They had invested $60,000 in the venture, but had to put it on hold due to a family health issue and the impact of the Covid-19 outbreak on their wedding-related business.
They currently had 15,000 units ready to ship and planned to scale production. Lori offered $50,000 for 20% stake, Mark and Kevin offered $75,000 for 30% stake and Barbara offered $50,000 for a 5% stake, but ultimately withdrew her offer.
The Moynihans accepted Mark, Kevin and Lori’s offer.
What Happened to Flasky Flowers after the Shark Tank Pitch?
Flasky Flowers still primarily sells directly to customers on their website, and they have raised the price of their flasks to $25 without flowers.
Lori promoted the company’s website on Twitter after the broadcast, but it does not appear on the websites of Lori, Mark, or Kevin. It’s possible that they are still investigating the company.
What is Net Worth of Flasky Flowers?
Ryan and Kelly went on Shark Tank seeking $50,000 in exchange for a 10% stake in their company, indicating a valuation of $500,000 for the business.
However, they ultimately accepted an offer from Mark, Lori, and Kevin of $50,000 for a 30% stake, lowering the valuation to $250,000.
Who are the Competitors for Flasky Flowers?
There are no competitors identified for Flasky Flowers.
Flasky Flowers FAQS
What is Flasky Flowers?
Flasky Flowers is a cutting-edge start-up that enables brides and companions to carry their flower bouquets while surreptitiously enjoying a beverage of their choosing.
This is accomplished with the use of a flexible straw concealed within the fresh or fake bouquet to obtain access to a hidden 12 oz flask.
Who is the Founder of Flasky Flowers?
In 2019, Kelly and Ryan Moynihan founded the start-up Flasky Flowers. Kelly is a hairstylist by trade and the mother of seven children ranging in age from one to seven.
She came up with the idea because women at weddings are constantly requesting “hold my drink” in order to photograph their flowers.
How much was they seeking in the Shark Tank?
They were asking $50,000 in exchange for 10% of the company.
Did they get the deal?
They were offered $75,000 for 30% stake in their business from Mark, Kevin and Lori.
Is Flasky Flowers still in business?
Flasky Flowers is still in business as of 2022.
Where are they selling?
They are currently selling mostly direct to consumer via their website and Etsy Shop.
How much does it cost to make and to buy?
The pricing of their product is $25 for a single pack or $62.99 for 4 packs and costs $1.77 to make.
How much have they actually sold?
They have sold 21,000 at the time this episode was aired.
Where are they located?
They are based in South Florida United States.
How can they contact them?
They can contact them by their website www.flaskyflowers.com or follow them on Facebook or Twitter accounts.
What happened to Flasky Flowers after shark tank?
Flasky Flowers continues to sell largely direct-to-consumer via their website. They increased the flask’s price to $25, which does not include the flowers.
What methods of payment do they accepts?
They accept payment by PayPal and in the form of credit cards including Visa, MasterCard and American Express.
Where are Flasky Flowers made?
Flasky Flowers are proudly made in the USA.
How does Flasky Flowers work?
Simply select their flowers, clip the stems, lay them in the foam sphere, pour their cup, replace the top, and take a drink or two.
Is Flasky Flowers reusable?
Each Flasky Flowers bouquet container is reusable.
What is net worth of Kelly Moynihan?
Kelly Moynihan’s net worth is unavailable.
What is net worth of Ryan Moynihan?
Ryan Moynihan’s net worth is unavailable.