What Happened to First Saturday Lime After the Shark Tank Pitch?
What is First Saturday Lime?
First Saturday is a patent-pending, environmentally friendly insect repellent that has been laboratory and field proven to efficiently repel unwanted insects.
First Saturday repels invading insects successfully without the use of dangerous chemicals that can harm humans, animals, and our eco-system, according to certified scientific studies.
Who is Founder of First Saturday Lime?
First Saturday Lime is the brainchild of Jana McDaniel and Jessica Jacobs.
Jessica and Jana are sisters who grew up on an Oklahoma farm.
Because their father had a limestone industry, they were aware that lime dries up insects and is an effective repellent and killer.
Jana, the proprietor of a restaurant, was fed up with spraying dangerous chemicals.
She also wanted a pest control product that was safe for pets and children.
Because lime may cause skin and eye irritation, she and Jessica worked together to develop a safe lime-based treatment.
With the help of a chemical friend, they created an insoluble form of lime that is safe for people and pets.
In 2017, they packed 1,000 packs of First Saturday Lime and hit the road.
Sales were slow at initially, but the ladies persisted. First Saturday Lime is now available for purchase on Amazon and the company’s website.
First Saturday is designed to remind customers to apply the product on the first Saturday of each month.
It can be used to cure an infestation or as a repellant to keep new infestations at bay. To discourage insects, just apply the product around the perimeter of your property.
A 20-pound bag costs $29.99, which is cheaper than the cost of pest management.
What Happened to First Saturday Lime at the Shark Tank Pitch?
Jana McDaniel, Jessica Jacobs, and Jana’s husband Zac McDaniel pitched First Saturday Lime on Shark Tank Season 11, asking for $100,000 in return for a 10% share in their company.
This implies a valuation of $1 million.
After explaining the concept and their background, they notify the Sharks that they have a patent on their production procedure but not on the end product.
At the time of the episode’s recording, they had $150,000 in sales for 2019. They expect to make $350,000 in income this year.
Profit margins are vital to the Sharks: a 20-pound bag costs $1.60 to create but sells for $19.99.
Their delight fades as they learn that the gratis delivery would cost an extra $10.00.
Robert comes to the conclusion that they “don’t know what they don’t know” and goes. Kevin is confused by the frog’s connection to lime.
Mark then says he’s not sure how he can help them expand the company faster than they are now.
The Sharks, with the exception of Lori Greiner and Daniel Lubetzky, who offer First Saturday Lime $100,000 for a 33.3 % equity share, are hesitant to make bids.
The McDaniel and Jacobs siblings are reluctant to giving up this much equity and demand 25%. Lori and Daniel decline their offer, noting that they will need to spend a large amount of time and money growing their customer base and rebranding.
Kevin O’Leary came in at the last minute and told them he would take their counter-offer.
They agree to invest $100,000 in Kevin in exchange for a 25% stake in the company.
What Happened to First Saturday Lime After the Shark Tank Pitch?
First Saturday Lime has regularly garnered 5-star reviews since its premiere on Shark Tank in April 2020, and it is an Amazon’s Choice product (highly rated and well-priced products).
Kevin’s contract never got finished. Years after they aired, they are still selling on Amazon.
The company’s goods are available in over 400 independent garden shops and feed stores across the country.
The items are accessible on Amazon as of November 2021, as well as on the websites of Home Depot and Walmart. The annual revenue is in the vicinity of $500,000.
What is the Net Worth of First Saturday Lime?
Jana McDaniel, Jessica Jacobs, and Jana’s husband Zac McDaniel approached Tank with a $100,000 offer in return for a 10% ownership in their company. This implies a valuation of $1 million.
They accepted Kevin O’Leary’s offer of $100,000 for 25% ownership, valuing the property at $400,000.
Who are the Competitors of First Saturday Lime?
First Saturday Lime competes directly with other major agricultural products shops including Sunday, Cellar Door Plants, and Plantquility.
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First Saturday Lime FAQS
What exactly is First Saturday Lime?
First Saturday is a patent-pending, environmentally friendly insect repellent that has been laboratory and field proven to efficiently repel unwanted insects.
Certified scientific study shows that First Saturday efficiently repels invading insects without the use of dangerous chemicals that can harm humans, animals, and the environment.
Who is the First Saturday Lime founder?
Jessica Jacobs and Jana McDaniel are the founders of First Saturday Lime.
How much did they want for on Shark Tank?
They were looking for $100,000 in exchange for a 10% stake in the firm.
How much did they get?
Kevin O’Leary agreed to invest $100,000 in the firm in exchange for a 25% stake.
What kind of lime is first Saturday lime?
Hydrated lime and citric acid obtained from limes treated in a patent-pending manner to render them insoluble and safe when used as directed.
What is on first Saturday lime?
First Saturday Limestone is mostly composed of precipitated calcium carbonate. This product is made by dissolving a certain type of limestone in water.
They might alternatively call calcium carbonate chalk. Calcium carbonate works well as a desiccant.
Does First Saturday Lime get rid of frogs?
Surprisingly, First Saturday Lime also acts as a repellent for snails and slugs. This might be a big benefit for some crops that are favoured by those pests.
Another possibility is to invite hedgehogs and frogs to their yard.
If they live in an area where scorpions are common, such as the southern United States, this product will also kill them.
Is first Saturday Lime safe for pigs?
First Saturday Lime Monthly Pet Insect Repellent is safe for all animals.
Can they dust their chickens with First Saturday Lime?
First Saturday Lime suggests putting it in their flock’s dust bath area since it offers a fantastic dust bath for their hens, who appear to like it.
It may also be used to whitewash the inside of the chicken coop to keep insects away.
Does First Saturday Lime repel snakes?
Because lime is used to repel insects, many people wonder if it may also be used to repel larger pests like rats and snakes.
Some people believed that the strong odour would deter these critters. However, there is no evidence that lime is effective in deterring some sorts of animals.
How does First Saturday Lime work?
It is a highly effective substance comprised completely of environmentally acceptable materials.
It has the ability to dehydrate insects, eggs, and larvae by impeding the spiracles via which they breathe.
It makes it inhospitable for insects to breed, leading them to depart the area.
It may be used as a therapy as well as a prophylactic approach for infestations.
Which insects does First Saturday Lime repel?
Their solution is safe to use on any insect with an exoskeleton.
This comprises, among other things, ants, fleas, ticks, mites, lice, aphids, and beetles.
It may also be used to control mosquito populations in water troughs and ponds. Furthermore, many bee farms use their method to defend their colonies from small hive beetles.
Does First Saturday Lime repel snails or slugs?
True, their products are quite powerful against slugs and snails.
Does First Saturday Lime work for ticks?
They can use a yard spreader on the lowest setting to evenly disperse their product across the whole yard, then wait two days before watering.
Their product kills larvae by creating an unfavourable dry environment for them while being safe for children and pets.
It is recommended that they treat their yard on a regular basis to avoid disrupting the lifecycle.
Is First Saturday Lime safe to be around for small animals?
Yes, when used as directed, First Saturday Lime is safe for animals of all sizes to contact or keep near a food source (chickens, ducks, cats, dogs, rabbits, hamsters).
Is First Saturday Lime safe around pets?
Yes, lime is harmless for pets when handled correctly, even if accidentally consumed.
What happens after it rains?
Because the material is insoluble, it dries up and reverts to its original state. Inspect the area once a month (say, on the first Saturday of the month!) and reapply if necessary.
Can First Saturday Lime be used indoors?
No, they recommend dusting First Saturday Lime over the exterior of the home’s barrier to keep unwanted pests at bay.
Is lime a bug repellent?
Aphids, flea beetles, Colorado potato beetles, squash bugs, cucumber bugs, and other pests have been demonstrated to avoid it.
