Quevos Shark Tank Net Worth 2023

Quevos Shark Tank Net Worth

After appearing on Shark Tank in 2021 January, the company raised $72,000 on Kickstarter and closed a deal with investor Daniel Lubetzky for $200,000 in exchange for 5% equity giving Quevos a valuation of $4 million. 

Since then, Quevos has expanded into new markets such as Canada and Australia, generated more than $2 million in revenue last year, doubled its prior-year sales volume, and is now available in the United States as well as internationally.

The brand also recently launched a new flavor called “Quevos Rancheros” which includes one pack each of Honey Mustard, Dill Pickle, and Quevos Rancheros, and two packs of Sour Cream and Onion.

After the shark tank investment, Quevo’s net worth was estimated at $4 million. 

Quevos, a chipmaker through Egg Whites founded by Nick Hamburger and Zack Schreier in 2018, has an estimated net worth of $4 million.

What is Quevos? Who is the Founder of Quevos?

Quevos are the original egg white chips that come in a range of flavors and are high in protein. They are available in four flavors: sour cream and onion, honey mustard, dill pickle, and Quevos rancheros, and are an excellent option for people with diabetes.

Zach Schreier and Nick Hamburger are the co-founders of Quevos. The two friends have been working together since sixth grade and have remained close throughout high school and college. Although both initially dropped out of college, Schreier eventually returned while Hamburger pursued his passion for mental health.

Schreier and Hamburger had always wanted to work together, and the opportunity arose when Schreier, who is a Type I diabetic, discovered crispy egg white bits while preparing eggs. He spent two years refining the recipe with his friend Nick and his sister until they finally launched the product.

The initial manufacturing run sold out quickly, and the company raised over $70,000 through a Kickstarter campaign in 2019. The chips are made from egg whites, milk, and coconuts, making them low in net carbs and perfect for people on a keto diet.

Quevos chips are available on Amazon and cost around three dollars per bag. They can also be found in various mom-and-pop health stores as well as in stores like Vitamin Shoppes and Hannaford.

Quevos Shark Tank Pitch

Following a successful Kickstarter campaign and product launch, Nick and Zach approached Shark Tank investors to help grow their brand. They requested $200,000 for a 5% stake in their $4 million company.

The Sharks were impressed with the chips and their sales. Despite the Covid-19 pandemic, Nick and Zach anticipated $3 million in sales for 2020. Kevin offered $200,000 in exchange for a ten-cent per bag royalty until he recouped $400,000 and 2.5% of the stock.

Daniel also offered $200,000 but in exchange for 10% and a $200,000 line of credit. They accepted Daniel Lubetzky’s offer, and he became their partner.

After the show, Lubetzky used some of the investment money to rebrand the packaging. Since partnering with Lubetzky, Quevos has expanded its retail presence to include Whole Foods Markets, Wegmans, and other stores. The company is rapidly growing, and by 2025, they expect to generate $1 million in sales for the year.

Net Worth of Quevos

During the pitch, the company was valued at$4 million, and in 2021 the company has a net worth of about $5 million.

Quevos Shark Tank Update

Quevos is a chipmaker that appeared on Season 12 Episode 11 of Shark Tank. The company makes egg white chips that are high in protein and low in carbs, making them a healthy snack option.

During their pitch, founders Nick and Zach asked for $200,000 in exchange for a 5% stake in the company.

Guest Shark and KIND Snacks founder Daniel Lubetzky offered them $200,000 for a 10% stake and an additional $200,000 as a line of credit.

After appearing on Shark Tank, Quevos experienced a surge in sales. The company generated $500,000 in sales in just two weeks.

Lubetzky invested an additional $1.35 million in the company, and outside investors contributed an additional $3.6 million.

As of 2021, Quevos had over $2 million in sales, and the sales since appearing on Shark Tank are $3.2 million.

The company can be found in 1500 stores nationwide, including Whole Foods, Wegman’s, The Vitamin Shoppe, and GNC.

In summary, Quevos has experienced significant growth since appearing on Shark Tank.

The company has generated millions in sales, secured additional investments, and expanded its presence in stores across the United States.

Below is a summary table for Quevos:

INFORMATION	DETAILS
Founders	Zach Schreier and Nick Hamburger
Product	Egg white chips in four flavors
Shark Tank Investment	$200,000 for 5% equity from Daniel Lubetzky
Valuation after Investment	$4 million
Net Worth (2021)	Approximately $5 million
Revenue (2020)	Over $2 million
Sales Volume Growth	Doubled from the prior year
New Markets	Canada and Australia
New Flavor	Quevos Rancheros
Additional Investment	$1.35 million from Lubetzky and $3.6 million from outside investors
Retail Presence	Available in over 1500 stores in the United States
Future Sales Projection	$1 million by 2025

Quevos FAQs

What is Quevos?

Quevos are low carb chips made from egg whites. Quevos is the original egg white chips, come in a variety of tastes and are high in protein.

They have four varieties available: sour cream and onion, honey mustard, dill pickle, and Quevos rancheros. Quevos are an excellent choice for people suffering from diabetes.

Who is the Founder?

Quevos was founded by Zach Schreier and Nick Hamburger.

What is their offer at Shark Tank?

They were looking for $200,000 for a 5% stake in their $4 million company.

Did they get the offer?

Yes, they did get an offer from Shark Tank Investor Daniel Lubetzky.

What Is Quevos And What Did They Pitch On Shark Tank?

Quevos is a salty snack brand that makes egg white chips that are high in protein and low in carbs. The founders of Quevos, Nick Hamburger and Zack Schreier, appeared on Season 12 Episode 11 of Shark Tank and asked for $200,000 in exchange for a 5% stake in the company.

The sharks were impressed with the product and the company’s potential, and Quevos managed to secure a deal.

After appearing on Shark Tank, Quevos experienced a surge in sales, generating $500,000 in just two weeks. The company also received investments from different investors, raising a total of $3.6 million.

Daniel Lubetzky, the founder of KIND Snacks, invested $1.35 million in Quevos to take the product to a global level.

Quevos has won several awards and competitions, including the University of Chicago’s New Venture Challenge and the Future Founders U.Pitch Competition.

The company was also part of Kraft Heinz’s Springboard, an incubation process that helped the founders develop their product.

As of February 2023, Quevos is still in business and its products are available for purchase on Amazon and other retailers.

What Was The Deal Quevos Made With The Sharks?

Quevos is a snack startup that appeared on Shark Tank in Season 12, Episode 11, which aired in early 2021.

The founders of Quevos, Nick Hamburger and Zack Schreier, landed a deal with Daniel Lubetzky, the founder of KIND Snacks, for $200,000 investment for 10% of the company, as well as a $200,000 line of credit.

Since then, Quevos has expanded into more retail stores with redesigned packaging and an improved recipe.

The partnership with Lubetzky has unlocked several meaningful milestones for the brand, generating more than $2 million in revenue last year, doubling its prior-year performance.

In January 2023, Joe Oblas, the former CEO of Stryve Foods, acquired Quevos through a new holdings company and became the new CEO of the egg white protein chips brand.

The details of the transaction were not disclosed. Quevos was launched in 2017 after the founding duo were looking for a low-carb snack, and were inspired by the crispy leftovers of an egg white omelette.

The company’s production process and a short list of natural ingredients, including pea protein, avocado oil, and chia seeds, eventually won Quevos two separate deals from KIND Snacks’ and Camino Partners’ founder Daniel Lubetzky on Shark Tank, and Kraft Heinz’s previous incubator Springboard.

What Changes Have Been Made To Quevos Since The Shark Tank Deal?

Quevos, a Chicago-based snack startup that manufactures and markets egg white crisps, appeared on Shark Tank in 2020 and scored a deal with Kind Snacks creator Daniel Lubetzky.

Since then, the brand has expanded into more retail stores with redesigned packaging and an improved recipe.

The partnership with Lubetzky has unlocked several meaningful milestones for the brand, and Quevos generated more than $2 million in revenue last year, doubling its prior-year performance. Products are sold online and in 1,500 stores.

After the Shark Tank episode aired, Quevos generated $500,000 in sales in just two weeks. Lubetzky added $1.35 million, and outside investors chipped in $3.6 million.

The headquarters of this snacks company is in Chicago, Illinois, United States, and 10 to 60 people are employed.

The deal between Lubetzky and Quevos was closed before the show aired, and Lubetzky seemed to be very passionate about Quevos and was in a rush to make it an international brand by using its potential. In 2023, Quevos is doing egg-cellent business.

What happened after the episode was over?

They partnered with Lubetzky. They are expanded their retail reach to include Whole Foods Markets, Wegmans, and others. By 2025 they plan to make $1 million in sales for the year and is growing rapidly.

How much deal did they seal?

They sealed the deal with Daniel Lubetzky for $200,000 in exchange for a 10% and a $200,000 line of credit.

What is their worth?

Quevos is worth $5 Billion.

Are Quevos good?

Quevos are egg white-based chips that are strong in protein and low in carbs. Finally, a delicious, crunchy, and healthy snack that you can enjoy guilt-free!

Traditional starchy snacks such as pretzels or potato chips were inconvenient for Zack since they required an insulin injection.

Are Quevos chips Keto?

Quevos Keto Friendly Egg White Chips are crisp and bursting with flavor, delivering the nutrients and purity of an egg white omelet.

If they manage their carbohydrate intake or living a ketogenic lifestyle, Quevos Keto Friendly Egg White Chips can quell their chip cravings.

How many carbs are in Quevos?

One bag of Quevos has 15g protein, 9g dietary fat, and 12g carbs (9 grams of which are fiber).

Are Quevos chips healthy?

Quevos chips are an excellent source of protein, fiber, and healthy fats that not only taste delicious but are also beneficial to the body.

According to the website, “Quevos are high protein, low carbohydrate chips manufactured from egg whites.” Finally, a delicious, crunchy, and healthy snack that they can enjoy guilt-free!

Is Quevos gluten free?

Gluten-free and grain-free Quevos are available in all varieties (all flavors except Honey Mustard). They are created with natural foods such as egg whites, prebiotic fiber, and chia seeds.

Are quest chips vegan?

No. They employ whey protein and milk protein isolate as components to achieve their objective of creating the best-tasting, healthiest goods possible.

Is Quevos egg white chips gluten free?

Quevos are gluten- and grain-free low-carb, low-sugar snacks produced with natural components such as egg whites and prebiotic fiber.

Where are Quevos made?

The chips are manufactured in a facility in the Chicago neighborhood of McKinley Park. According to Hamburger, Quevos generated approximately $260,000 in revenue in 2019. Quevos earned $1.1 million in 2020.

Are simply 7 Lentil chips fried?

The items are first baked to ensure proper cooking and then flash-fried for a few seconds to add texture. The majority of cooking is done in the oven.

Additionally, their raw materials do not absorb as much oil as potato chips, resulting in a lower fat content.

Are quest proteins chips baked or fried?

With 22g of protein and only 2g of carbohydrates, these baked, not fried, gluten and soy free chips are the ideal crispy snack.

How do you make Quevos?

The egg whites are bought from local egg farms in Chicago. They are then sent to a processing facility in the suburbs to ensure the highest safety standards.

Are Quevos a good choice for a snack?

These chips provide 22g of protein and 3g of fiber per serving, making them an excellent choice before or after a workout, for kids’ lunches, or as a midday snack.

What is the net worth of Nick Hamburger?

He has net worth is estimated to be $150 million.

What is the net worth of Zach Schreier?

He has a net worth of about $150 million.