What Happened to Susty Party after Shark Tank? Susty Party Shark Update
What is Susty Party?
Susty Party is a range of attractive disposable party supplies such as plates, bowls, napkins, and glasses. All supplies are manufactured from renewable or sustainably sourced a resource, which means you may compost used Susty goods (not the garbage).
Jessica Holsey and Emily Doubilet of Brooklyn, New York, are the creators of Susty Party. Jessica was searching for a way to leave her Wall Street career and make better use of her Harvard Economics degree;
Emily was a recent graduate of environmental studies; together, they created a means to start their own firm while still maintaining the party atmosphere.
Who is the founder of Susty Party?
Susty Party was founded by Jessica Holsey and Emily Doubilet, were particularly fond of gatherings. The couple met in one of their homes in Brooklyn, New York, and began discussing business ideas immediately.
Susty Party was founded by the two ladies in 2009 when they became aware of the amount of waste generated by throwaway party products.
They recognized a potential to develop and commercialize party supplies (paper plates, cups, and napkins, for example) that are manufactured entirely of recycled or sustainable materials and are 100% biodegradable, making their disposal also environmentally benign.
Susty Party items are readily accessible on Amazon, Whole Foods Markets, Wegmans, and a variety of other retail locations around the country. Additionally, they have a wholesale division that caters to “qualified enterprises” such as food services, event planners, and caterers.
One of their most popular items is their party kits, which include everything you need for 24 people in a single container, ensuring that no product is wasted.
What Happened to Susty Party at Shark Tank pitch?
Jessica Holsey and Emily Doubilet will pitch Susty Party, a sustainable party supply company, on April 4 during Shark Tank episode 526. The two ladies are hoping the Sharks are interested in being sustained; they were searching for a Shark to assist with capital injection and retail distribution expansion.
Emily and Jessica entered the Shark Tank wearing ridiculous crowns. They then invite the Sharks to dance with them following their proposal. Kevin, Lori, and Barbara all join in on the fun. The women were seeking $250,000 for a 10% stake in their firm, which worth $2.5 million.
Emily reveals that their items are made on a contract basis. Sales were expected to reach $1.5 million in 2013. Regrettably, they are already $80,000 in the hole and have just $30,000 in the bank. They currently have $125,000 in inventory. Kevin asserts that they have no private information.
Barbara concurs with Kevin and was the first Shark to exit. Robert determines that the danger was too great and he also exits.
Lori recently invested in a startup that intended to manufacture disposable plates; she went out too.
Kevin provides a loan of $250,000 in exchange for 30% equity. As they look to Mark, he expresses a variety of reservations before to exiting. “Every path leads to Mr. Wonderful,” Kevin explains.
Due to his refusal to move from his offer, the women decline the deal and quit the presentation without reaching a deal.
What Happened to Susty Party after Shark Tank?
As it turns out, the team received a $500,000 investment for 8% of the business less than two months after recording in September 2013. (This was before they aired in April, 2014).
For a while, they were able to get their items into Whole Foods Market and 276 Target locations. Emily and Erica departed the firm in 2016. Julie Bell and Benton Keith presently oversee the firm.
Each of them is a venture capitalist. It is unknown if this was a purchase or if Emily and Erica just left, retained their stock, and delegated day-to-day administration to another. In any case, the goods are still available on Amazon.
They are still in business with $5 million yearly sales as of February 2022.
Competitors of Susty Party
The main competitors of Susty party are Green Home, LLC, Letsgogreen, and Ecology America among others.
Net Worth of Susty Party
The company valuation was $2.5 million during and after the pitch. Since then the company has a net worth of $6.3 million.
Susty Party FAQs
What is Susty Party?
Susty Party is a company that is making sustainable party goods. The products that they make are paper plates, cups, napkins and plastic ware. They have a wholesale division as well as an online store.
Who is the founder?
Jessica and Emily created Susty Party; they were searching for a business that they could start while still being able to throw parties.
How much were they seeking on Shark Tank?
They were seeking for $200,000 for a 10% stake in the business, which is worth $2.5million.
Did they have the deal?
No, they did not secure the deal on the show.
Is the business still around?
They are still in business in February 2022 with $5 million in yearly sales.
Is Susty Party still making their products?
Their products are still available on Amazon, Wegmans and other retailers. They have a wholesale division as well.
How much are Susty Party?
Their products can be purchased on a number of different websites including Amazon, Whole Foods Market, and Target among others. They retail for between $5-$15 each depending on the size of the item.
Where is Susty Party located?
They are based out of Brooklyn, New York and the headquarters are in Williamsburg.
What is Susty Party target market?
Their target market is anyone that is interested in having a sustainable party. As well as any organization or business that wants to be more eco-friendly.
What are Susty Party’s products?
Their products consist of disposable paper plates, cups, and napkins and plastic ware. These products are made of renewable or fossil-fuel-based materials so that they can be recycled after they are used.
Is Susty Party successful?
They have been making their products since 2013 and are still in business as of February 2022.
What is Susty Party products made of?
Their products consist of paper and plastic. Some of their paper products are made from recycled materials and some of the plastic ware is made from renewable sources.
What does Susty Party do?
Susty Party supplies party goods, or disposable plates and napkins, to businesses and organizations. Some of these businesses include weddings, bridal showers, animal events, conferences and even bars. They also market all their products online via Amazon and Wegmans (the only two places they are sold).
Does Susty Party need to be reserved?
No, one does not need to reserve anything from Susty Party.
Will Susty Party deliver?
Yes, they will deliver anywhere in New York City.
What is the return policy of Susty Party?
They offer a full refund if the products are destroyed or are damaged within 60 days of purchase. However, if they are used and then sent back they must be clean and in good condition upon return. They will not send them a new product or refund their money if the product is dirty on return.
How do I pay for Susty Party?
They accept checks, credit cards and PayPal.
Who is the CEO?
Jessica Holsey is the CEO of the company.
What is the net worth of Jessica Holsey?
The net worth of Jessica is not known
What is the net worth of Emily Doubilet?
The net worth of Emily is not known.