What Happened to Seriously Slime after the Shark Tank Pitch?
What is Seriously Slime?
Seriously Slime primarily sells slime-making kits for children. The slime kits include all of the necessary slime supplies, such as glue, shaving cream, Seriously Slime activator, stirrers, containers, and more.
Seriously Slime also provides pre-made slime kits and a birthday party package that may be used at home. Customers may also go to a Seriously Slime location and make their own slime there.
Who are the Founders of Seriously Slime?
Sara McDermott and Shannon Valko created Seriously Slime. The pair were inspired to start the firm after observing their children’s obsession with slime.
In 2019, the two mothers launched the firm to alleviate the messiness produced by youngsters playing with slime.
McDermott earned a bachelor’s degree in communications from Marquette University.
Before starting Seriously Slime full-time, she worked in human resources. Valko received his MBA in marketing from the Quinlan School of Business at Loyola University Chicago.
Valko formerly had her own café and worked as the Chief Operating Officer for The Kindness Connection, both of which she continues to do today.
There are two actual locations where parents may bring their children to play with and make slime. The cost of a 1.5-hour birthday celebration for up to 20 youngsters is $350.
When clients book a party or simply come in to play with and manufacture slime, the company generates money.
They intend to franchise and create more physical locations (they already have two on Chicago’s north shore).
They also provide franchisees the option of running a mobile territory or pop-up stores.
Slime has been a popular toy since it was introduced by Mattel in 1978. With the introduction of instructive YouTube videos, DIY formulas gained major traction.
What Happened to Seriously Slime at the Shark Tank Pitch?
Shannon and Sarah entered Shark Tank season 11 episode 19 looking for $90,000 for a 15% stake. This equates to a $600,000 valuation. After describing their business and handing out samples, they notify the Sharks that they want to move into licensing.
Despite being aware of the slime trend, the Sharks are hesitant whether licensing is the right line of action for them.
They are also concerned that they have only earned $28,000 and are still in the early stages of their storefront business.
The Sharks encourage them to take their time creating their brand before expanding into regions with low foot traffic, such as malls.
Although the Sharks think this is a beautiful small business, they don’t think it’s a profitable endeavour and refuse to make Shannon and Sarah an offer.
What Happened to Seriously Slime after the Shark Tank Pitch?
This industry was severely impacted by the Covid–19 outbreak. They did not secure financing for their Slime Baby on Kickstarter, and they closed their retail stores during the pandemic.
Throughout the summer, they had considerable success with virtual slime parties. Every Friday from 5:30 to 6:30 p.m., the parties cost $5 to attend or $25 if you purchase one of their kits.
Although the stores reopen in the fall, they are nevertheless subject to government lockdowns on a daily basis. They reopened in July of 2021.
What is the Net worth of Seriously Slime?
Shannon and Sarah entered Shark Tank season 11 episode 19 looking for $90,000 for a 15% stake. This equates to a $600,000 valuation.
Who are the Competitors of Seriously Slime?
Seriously Slime’s competition has been recognized.
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Seriously Slime FAQS
What are the ingredients in Seriously Slime?
The slime is made glue, shaving cream, Seriously Slime activator, stirrers, containers, and more.
Are they allowed to eat Seriously Slime?
Although the slime is edible and contains no harmful ingredients, it is not advisable to consume it in large quantities due to its high sugar levels.
Where can they buy Seriously Slime?
They may purchase it online or visit one of their two locations.
Where are Seriously Slime locations?
Seriously Slime was only in two Chicago area locations when they were pitched on Shark Tank. While these locations remain the only ones open, Shannon and Sarah want to franchise and expand in the future.
Can people make their own slime at home?
Yes, people can make their own slime at home by following a straightforward recipe, or they may buy one of the pre-made packages sold by Seriously Slime.
Who founded Seriously Slime?
Sara McDermott and Shannon Valko created Seriously Slime. The pair were inspired to start the firm after observing their children’s obsession with slime.
How much was Sara McDermott and Shannon Valko seeking in the Tank?
Shannon and Sara entered Shark Tank season 11 episode 19 looking for $90,000 for a 15% stake. This equates to a $600,000 valuation.
Did they get any investment from the Sharks?
Although the Sharks think this is a beautiful small business, they don’t think it’s a profitable endeavour and refuse to make Shannon and Sarah an offer.
What happened to Seriously Slime after the Shark Tank?
This industry was severely impacted by the Covid–19 outbreak. They did not secure financing for their Slime Baby on Kickstarter, and they closed their retail stores during the pandemic.
Throughout the summer of 2020, they had considerable success with virtual slime parties. Every Friday from 5:30 to 6:30 p.m., the parties cost $5 to attend or $25 if you purchase one of their kits.
Is Seriously Slime still in business?
Although the stores reopen in the fall, they are nevertheless subject to government lockdowns on a daily basis. They reopened in July of 2021.
Where is Seriously Slime located?
Seriously Slime, situated in Evanston, creates bespoke slime kits and offers slime parties for children in retail locations.
How much does Seriously Slime costs?
The price of a ready-made Decorative Crystal Slime Kit is roughly $22.
Depending on the options, the DIY Slime Kit ranges in price from $29.99 to $39.99.
Birthday Party Kit, customized, ranging in price from $195.00 to $340.00 depending on the customization.
How can they contact Seriously Slime?
Seriously Slime contact information is available on their website at www.seriouslyslime.com
What episode was seriously Slime featured on Shark Tank?
Seriously Slime was featured on episode 19 season 11 of Shark Tank which aired on April 10th, 2020.
