Soy-Yer Dough Shark Tank Net Worth 2023
In May 2020, Soy-Yer Dough was purchased by Sustainable Projects Group for an undisclosed amount. As of 2021, the company has an estimated net worth of $750k.
Founded in 2020, Soy-Yer Dough has seen rapid success with its all-natural vegan doughnuts, offering a delicious pastry without sacrificing environmental sustainability.
The company strives to minimize its environmental footprint and support local farmers by sourcing organic ingredients while maintaining a commitment to provide jobs that offer living wages and benefits.
What is Soy-Yer Dough?
Soy Yer Dough is a type of modeling clay that is made from soy and corn and is gluten-free. It was developed as a substitute for wheat-based play doughs for individuals who are allergic to wheat.
It is estimated that up to 6% of the United States population experiences some degree of gluten sensitivity, with around 1% experiencing the more severe form, Celiac Disease.
Sawyer Sparks and his wife, Samantha Sparks, founded Soy Yer Dough. Sawyer proposed the idea on Shark Tank Season 1 Episode 7 when he was a 22-year-old college student. He currently serves as the CEO of YER Brands (formerly Soy Yer Dough), while Samantha is still a part of the team as the production manager.
Sawyer Sparks was a student of agricultural economics at Purdue University when he learned that his professor’s child had celiac disease. The child was unable to play with Play-Doh, which contained wheat and could trigger the disease. While her friends enjoyed playing with the modeling compound, she couldn’t join in on the fun.
Motivated by the child’s predicament, Sawyer developed the first patented wheat-free modeling dough, which was soft, colorful, fragrant, and non-toxic. It is also edible because it is made from rice flour. Sawyer, his mother, and his girlfriend turned their kitchen into a production and distribution hub, preparing, packing, and delivering Soy Yer Dough.
What happened to Soy-Yer Dough at the Shark Tank Pitch?
Sawyer Sparks appeared on season 1 episode 7 of Shark Tank in hopes of securing a $125,000 investment for a 25% stake in his product, Soy-Yer-Dough, which he valued at $500,000.
Sparks demonstrated the product to the Sharks and explained that Soy-Yer-Dough was aimed at the sizable potential market of children with wheat allergies. He also mentioned that he had a provisional patent on the product and that Hasbro had approached him with acquisition offers in the past.
The Sharks were impressed with the sales numbers, with 8,000 containers sold and an order for an additional 11,000 containers. They inquired about intellectual property protection, which Sparks confirmed he had.
However, some Sharks were skeptical of Sparks’ decision to maintain manufacturing and production in his hometown, instead of selling out to a larger firm.
Kevin O’Leary made an offer of $125,000 for 51% of the company, with the caveat that Sparks could back out of the deal if he was unhappy with O’Leary’s agreement with Hasbro.
Daymond John supported O’Leary’s offer and Kevin Harrington declined to make an offer. Barbara Corcoran, despite disliking O’Leary, believed he was the natural partner for Sparks.
Robert Herjavec made an offer of $125,000 for 40% of the company, causing O’Leary to adjust his offer and propose a joint investment with John for an additional $200,000. Herjavec then proposed joining O’Leary’s offer for an additional $100,000.
Eventually, O’Leary revised the proposal to offer each investor $100,000 for a total investment of $300,000 for 51% of Soy-Yer-Dough. Sparks agreed, and the deal was accepted by the Sharks.
Soy-Yer Dough after the Shark Tank Pitch?
After the deal with the three Sharks failed, Sparks resumed discussions with Hasbro. His plan was to generate sales before attempting to sell the invention to a large toy company.
Although his vision of closing a big deal and creating new jobs in the United States seemed ambitious, it became a reality.
To avoid any confusion regarding the product’s ingredients, they changed the name to “Yer Dough” as it contained no soy.
Despite negotiating with Hasbro, Sparks was unable to reach an agreement. However, his company remained profitable for a decade. In May 2020, the Sustainable Projects Group acquired the company for an undisclosed amount.
Soy-Yer Dough Net Worth
Soy-Yer Dough’s net worth is estimated at $750k as of 2021.
Soy-Yer Dough Shark Tank Updates
Soy-Yer Dough is a gluten-free play dough that was pitched on Shark Tank in Season 1 Episode 7 by Sawyer Sparks. Sparks was seeking a $125,000 investment for 25% of his product.
The Sharks were impressed with the sales of Soy-Yer Dough, which had sold 8,000 units and had an order for 11,000 more.
Sparks revealed that he had a provisional patent on the product and that Hasbro had approached him with acquisition offers in the past. Kevin O’Leary, Daymond John, and Robert Herjavec invested $300,000 for 51% equity in Soy-Yer Dough.
After the show, Soy-Yer Dough continued to grow and was acquired by Sustainable Projects Group in May 2020 for an undisclosed amount. The company changed its name to Yer Dough as the dough is now soy-free and gluten-free.
Sawyer Sparks continues to serve as CEO of the rebranded business, and products are available on the Yer Dough website.
Soy-Yer Dough Shark Tank Table Summary:
| TOPIC | INFORMATION |
| Company Name | Soy-Yer Dough (now called Yer Dough) |
| Year Founded | 2020 |
| Founders | Sawyer Sparks and Samantha Sparks |
| Product | Soy Yer Dough – a type of modeling clay made from soy and corn, gluten-free, and edible |
| Shark Tank Episode | Season 1 Episode 7 |
| Amount of Investment | $300,000 |
| Equity | 51% |
| Sharks Who Invested | Kevin O’Leary, Daymond John, and Robert Herjavec |
| Net Worth (2021) | $750,000 |
| Acquirer | Sustainable Projects Group |
| Year of Acquisition | May 2020 |
| Reason for Acquisition | Unknown |
| Changes After Acquisition | Name changed to Yer Dough, still gluten-free and soy-free |
Soy-Yer Dough FAQS
What Is Soy-Yer Dough And How Does It Works?
Soy-Yer Dough is a gluten-free, soy-free, non-toxic, and non-allergenic modeling dough that is safe for children of all ages and adults too. It is made from rice flour, which makes it edible. Soy-Yer Dough is soft, colorful, and deliciously scented.
It is less sticky than other modeling dough and leaves your hands feeling soft and clean. Soy-Yer Dough is made in small batches in Indiana.
Sawyer Sparks created Soy-Yer Dough in his mom’s kitchen after his friends had so much fun playing with modeling compounds that contained wheat. Sawyer made the first patented wheat-free modeling dough that is soft, colorful, and non-toxic.
He sold 8,000 containers of Soy-Yer Dough and received an order for 11,000 containers. Sawyer appeared on Shark Tank seeking $125,000 for 25% of his company. Daymond John offered him $125,000 for 40% of his company, but Sawyer retained 100% of his company.
After his Shark Tank episode aired, Sawyer had a huge boost in sales and was able to build his factory in Bloomfield, Indiana. He changed the name to Yer Dough and added soy-free modeling dough.
In May 2020, Sustainable Projects Group acquired 100% of YER Brands, the parent company of Yer Dough.
What Happened To Soy-Yer Dough After Shark Tank?
Soy-Yer Dough is a wheat-free modeling dough that was pitched on the first season of Shark Tank by Sawyer Sparks. Sparks came up with the idea after meeting a college professor whose daughter was unable to use traditional modeling dough due to celiac disease.
Soy-Yer Dough was estimated to have a potential market of 12 million, and Sparks was seeking a $125,000 investment for 25% equity in the company.
Although Sparks did not close a deal with the Sharks, he re-entered negotiations with Hasbro and hoped to build sales before attempting to sell the patent to a large toy company.
Soy-Yer Dough was successful for ten years and had $5 million in sales, and was available across various large retail stores online. In May 2020, Sustainable Projects Group acquired Soy-Yer Dough for an undisclosed amount and rebranded the product to Yer Dough.
The company changed its name to Yer Dough as the dough is now soy-free and gluten-free. After the Shark Tank pitch, Sawyer built a factory in Bloomfield, Indiana, and continued to serve as CEO of the rebranded business. Yer Dough products are available on the Yer Dough website.
Soy-Yer Dough’s Competitors?
Soy-Yer Dough is a gluten-free, soy-free, non-toxic, and non-allergenic modeling dough that is safe for children of all ages. It was developed as a substitute for wheat-based play doughs for individuals who are allergic to wheat.
Soy-Yer Dough is made in Indiana, USA, and is manufactured using rice flour. The company was acquired by Sustainable Projects Group in May 2020 and is now owned by YER Brands Inc.
Soy-Yer Dough has several competitors in the market. Hasbro is one of its competitors. Little Birds Boutique, Divinely Gluten Free, Sweet Natalie’s, and Nuflours are also competitors of Soy-Yer Dough.
Despite the competition, Soy-Yer Dough has been growing significantly due to its safety for kids and has survived past its competitors.
The company has sold its products to all 50 states in the USA and many countries internationally. Soy-Yer Dough has hundreds of retailers and has been able to reach hundreds of thousands of customers
What Is the Current Status of Yer Dough After Being Acquired By Sustainable Projects Group
Sustainable Projects Group (SPGX) acquired 100% of the rights for Soy-Yer Dough in May 2020. The company was rebranded as YER Dough, and Sawyer Sparks continued to serve as CEO of the rebranded business.
The newly formed YER Brands Inc., a portfolio company of SPGX, produces and markets sustainable, gluten-free modeling dough.
The valuation of the company has grown from $600,000 from inception to currently $5 million in 2020. The product is sold in Hamleys and online on Amazon, Snapdeal, and their own website.
The company has not made a decision on the sale or out licensing of the Soy-yer Dough project. The report also states that the company plans to establish its first lithium carbonate manufacturing facility in 2023, which will be capable of manufacturing up to 1,000 metric tons of LCE.
The report further shows that the company ended sales of Soy-yer Dough products in 2021, which resulted in a decrease in revenues compared to the previous year.
Is Soy-Yer Dough Still In Business?
Yes, Soy-Yer Dough is still in business. In March 2020, Sustainable Projects Group (SPGX) acquired 100% of Soy Yer Dough’s production rights, know-how, trademarks, and manufacturing equipment, with Sawyer remaining on board as CEO and his wife Samantha as the production lead.
The company continued to grow after Shark Tank and was acquired in 2020 by Sustainable Projects, which rebranded the product to YER Dough. The company changed its name from Soy-Yer Dough to Yer Dough as the dough is now Soy-free and Gluten-free.
YER Dough (formerly known as Soy-Yer Dough) is a gluten-free, soy-free, non-toxic, and non-allergenic modeling dough that is safe for children of all ages.
It is the leading play dough alternative for children with allergies, and it is made in small batches right in Indiana. The company has been standing out in spite of many competitors and has survived past them slowly and steadily. Yer-Dough now they have $5 million in valuation.
In conclusion, Soy-Yer Dough is still in business and has been rebranded as YER Dough. The company was acquired by Sustainable Projects Group in 2020 and has continued to grow, with a valuation of $5 million in 2020.
YER Dough is a gluten-free, soy-free, non-toxic, and non-allergenic modeling dough that is safe for children of all ages.
Where is Soy-Yer Dough manufactured?
Soy-Yer Dough uses rice flour in its manufacturing process, located in Indiana.
Who Founded Soy-Yer Dough?
Sawyer Sparks and his wife, Samantha Sparks, co-founded Soy Yer Dough.
How much was he asking in the Shark Tank?
Sparks asked for $125,000 in exchange for a 25% stake in the firm.
Did he get the deal from the Shark Tank?
Yes, Kevin O’Leary, Daymond John, and Robert Herjavec invested in Soy-Yer Dough.
How much was the deal?
The three investors invested $300,000 into Soy-Yer Dough in exchange for a 51% ownership stake in the firm.
What is Yer Dough Worth?
Soy-Yer Dough’s net worth is estimated $750,000 as of 2021.
Is Soy-Yer Dough Safe for Children?
Yes, Soy-Yer Dough is safe for children to play with and eat. All components are non-toxic, non-allergenic, and free of any common allergens like peanuts and tree nuts.
Where is YER Dough made?
YER Dough is made in Indiana.
Is YER Dough gluten and wheat free?
YER Dough is gluten and wheat free. The company states that ingredients contain rice flour, a common ingredient in many foods.
Is YER Dough safe to consume?
Raw (unbaked) dough or batter should not be tasted or eaten. Allow children to handle or play with uncooked dough, including play clay and craft dough.
Uncooked flour and raw eggs may contain bacteria that make them sick if they eat uncooked dough.
Is YER Dough toxic?
No, Soy-Yer Dough is not toxic. The company has made sure that all components are completely non-toxic and safe to use.
Where is Soy-Yer Dough available?
Soy-Yer Dough is only available online through their official website.
Who acquired Soy-Yer Dough?
Sustainable Projects Group acquired Soy-Yer Dough in May 2020 for an unknown sum.
Is it called Soy-Yer Dough or YER Dough?
The name was changed from Soy-Yer Dough to YER Dough.
What episode was Soy-Yer Dough featured on Shark Tank?
Soy-Yer Dough was featured on season 1 Episode 7 (aired September 29th, 2009).
