My Fruity Faces Shark Tank Net Worth
My Fruity Faces appeared on Shark Tank in 2016 and was valued at $2 million. The company’s founders, Adam Gerber and Bob Ntoya sought $200,000 for a 10% stake in their company.
However, the sharks did not invest in My Fruity Faces. The company has since gone out of business. Consequently, the current net worth of My Fruity Faces is unknown.
What are My Fruity Faces and Who is the founder of My Fruity Faces?
My Fruity Faces is a creative and fun way to encourage children to consume more fruits and vegetables. These edible stickers are made entirely of natural ingredients and can be applied to fruits and vegetables to make them more exciting and engaging for kids.
My Fruity Faces features a variety of stickers with entire faces, popular characters, and numerals, providing children of all ages with an enjoyable way to eat healthy foods.
Adam Gerber and Bob Ntoya founded My Fruity Faces in Altadena, California in 2010 to assist their children in making healthier snack choices. The idea behind My Fruity Faces was to infuse snacks and mealtime with a sense of playfulness by incorporating popular children’s items like stickers and cartoons into healthy snacks.
My Fruity Faces is an innovative solution to the problem of finicky eaters, making snacks and mealtime more fun for children. By spending more time playing with the stickers, children are encouraged to eat more fruits and vegetables, resulting in a win-win situation for both parents and children.
My Fruity Faces features several popular characters like Buddy Bites, Groovy Gals, Monster Munchies, and Playful Pets. The company has recently licensed the product from Nickelodeon and now sells stickers featuring Sponge Bob and Dora the Explorer. My Fruity Faces plans to grow by incorporating additional licenses from popular television series, feature films, and sports teams.
Currently, the product is available in Southern California Wal-Mart stores, on the company’s website, and on Amazon, making it easily accessible for parents and caregivers looking for healthy snack options for their children.
Fruity Faces Shark Tank pitch
Adam Gerber and Bob Ntoya pitched My Fruity Faces on Shark Tank episode 724. Their line of edible stickers promotes healthy eating, is calorie- and gluten-free, and they were seeking a $200,000 investment for a 10% stake in their $2 million business.
Despite Bob forgetting his lines, they managed to sell the Sharks on their stickers and concept.
The company generated $125,000 in sales over the last three years, but recent sales were only $2,000 per month, which did not impress the Sharks. Although they had signed a contract with Walmart to sell in 3,600 stores, they did not have purchase orders and were in debt to the tune of $176,000.
All the Sharks, except Mark Cuban, went out because they believed the company’s sales were not good enough, and they should focus on moving existing inventories rather than attempting to develop contracts.
Cuban believed the problem was not with the concept, but with the implementation and ultimately passed on investing in the company.
After the show, My Fruity Faces was able to secure distribution for their product in three California stores, as well as on their website and Amazon.
However, the company ceased operations in 2018. It is unclear if Adam Gerber and Bob Ntoya took the Sharks’ advice and focused on growing their sales, as they both have a history of starting up new businesses. Despite not landing a deal with the Sharks, My Fruity Faces allowed children to enjoy customized fruits and vegetables.
Net Worth of My Fruity Faces
The company valuation was $2 million during and after the pitch. Since then the company went out of business in 2018 and hence the company’s net worth is not available.
My Fruity Faces FAQs
What is My Fruity Faces?
My Fruity Faces is a company that sells edible stickers for fruits and vegetables. This unique innovation has been featured in magazines, newspapers, and online news outlets. A great idea for kids’ snacks!
Who is the founder?
Adam Gerber and Bob Ntoya are the founders of My Fruity Faces. Their idea is to make fruit and vegetables more appealing through healthy eating.
How much were they seeking on Shark Tank?
They were seeking for $200,000 in return for a 10% stake in their business, which was worth $2 million.
Did they receive investment on Shark Tank?
My Fruity Faces did not receive investment from the Sharks.
Is My Fruity Faces still in business?
My Fruity Faces went out of business in 2018.
Where was the location of My Fruity Faces?
The business was based in Los Angeles, California.
How to reach My Fruity Faces?
The contact number of the company is not available. They can be reached at their official website. Their customer care information is also not known.
Was My Fruity Faces a scam?
My Fruity Faces was not a scam. They shut down in 2018 and were not able to find success after Shark Tank.
Who was the targeted market of My Fruity Faces?
The targeted market of My Fruity Faces was parents and kids.
How was the business model of My Fruity Faces?
The unique selling point of My Fruity Faces was their edible stickers.
What is the revenue model of My Fruity Faces?
In addition to sales through retail shops, My Fruity Faces also sell its products online and on various e-commerce platforms.
How much was the revenue of My Fruity Faces?
My Fruity Faces had not disclosed the total amount of its sales.
Was My Fruity Faces good for kids?
My Fruity Faces was not good for kids. The idea seemed fun, but the concept failed to come through in the pitch.
How did My Fruity Faces work?
Fruit or vegetable snacks are not just healthy for the children but can also help them lead a healthy life. My Fruity Faces makes it fun to eat fruits and veggies by providing premium edible stickers that can be sourced from the company website or by visiting the Amazon store.
Is My Fruity Faces available for sale?
The business is no longer in operation and hence cannot be purchased.
Can you buy My Fruity Faces at stores?
My Fruity Faces are readily available at Amazon. The company went out of business in 2018, and hence there are no other ways to buy these products.
How much does My Fruity Faces cost?
The sticker sets on Amazon start from as low as $4 for 17 stickers, which is about 30% off the retail price. The prices vary for different quantities and options.
What is the net worth of Adam Gerber?
The net worth of Adam Gerber is estimated at $16 million.
How much is the net worth of Bob Ntoya?
The net worth of Bob Ntoya has not been publicized.