What Happened to Susty Party after Shark Tank?
What is Susty Party?
Susty Party is a collection of eye-catching disposable party supplies like plates, bowls, napkins, and glasses. Because all supplies are made from renewable or sustainably obtained resources, you may compost used Susty items (not the garbage).
Susty Party was created by Jessica Holsey and Emily Doubilet of Brooklyn, New York. Jessica was looking for a way to leave her Wall Street job and put her Harvard Economics degree to greater use.
Emily was a recent environmental studies graduate; together, they devised a way to launch their own company while still keeping the party atmosphere.
Who is the founder of Susty Party?
Jessica Holsey and Emily Doubilet, who were particularly fond of gatherings, launched Susty Party. The pair met in one of their Brooklyn, New York, residences and instantly began talking business ideas.
Susty Party was started in 2009 by two females who were concerned about the quantity of trash caused by disposable party supplies.
They saw an opportunity to design and sell party supplies (for example, paper plates, cups, and napkins) that are made completely of recycled or sustainable materials and are 100 percent biodegradable, making their disposal equally ecologically friendly.
Susty Party goods may be found on Amazon, Whole Foods Markets, Wegmans, and a number of other retail outlets around the country. They also have a wholesale segment that serves “qualified firms” including food services, event planners, and caterers.
One of their most popular products is their party kits, which contain everything you need for 24 people in a single container, guaranteeing that no product is wasted.
What Happened to Susty Party at Shark Tank pitch?
Susty Party, a sustainable party supply company, will be pitched by Jessica Holsey and Emily Doubilet on Shark Tank episode 526 on April 4. The two ladies are expecting to be supported by the Sharks; they were looking for a Shark to help with cash infusion and retail distribution development.
Emily and Jessica arrived at Shark Tank decked out in outrageous crowns. Following their proposal, they invite the Sharks to dance with them. Kevin, Lori, and Barbara all come along for the ride.
The women were seeking for $250,000 for a 10% stake in their $2.5 million corporation.
Emily explains that their products are manufactured on a contract basis. In 2013, sales were anticipated to exceed $1.5 million.
Regrettably, they are already $80,000 in debt with only $30,000 in the bank. They presently have a stock of $125,000 in stock. Kevin claims that they do not have any private information.
Barbara agrees with Kevin and was the first Shark to exit. Robert decides that the risk was too large and exits as well.
Lori recently invested in a firm that aimed to produce disposable plates; she also went out.
Kevin offers a $250,000 loan in return for 30% equity. As they turn to gaze at Mark, he voices a number of misgivings before quitting. Kevin says, “Every route leads to Mr. Wonderful.”
Because he refuses to budge from his offer, the women deny the transaction and leave the presentation without striking a deal.
What Happened to Susty Party After Shark Tank?
As it turns out, less than two months after filming in September 2013, the team obtained a $500,000 investment for 8% of the company. (This was before to their April 2014 airing.)
They were able to get their products into Whole Foods Market and 276 Target locations for a while. In 2016, Emily and Erica left the business. The business is now led by Julie Bell and Benton Keith.
They are all venture capitalists. It’s unclear whether this was a purchase or if Emily and Erica just departed, kept their shares, and handed day-to-day management to someone else. In any event, the merchandise is still accessible on Amazon.
They are still in business, with annual revenues of $5 million as of February 2022.
Competitors of Susty Party
Susty party’s primary competitors are Green Home, LLC, Letsgogreen, and Ecology America, among others.
Net Worth of Susty Party
During and after the pitch, the firm was valued at $2.5 million. Since then, the company has a net worth of $6.3 million.
Susty Party FAQs
What is Susty Party?
Susty Party is a firm that creates environmentally friendly party items. They manufacture paper plates, cups, napkins, and plastic ware. They have both a wholesale section and an online business.
Who is the originator?
Jessica and Emily founded Susty Party because they were looking for a company they could start while still throwing parties.
How much did they want for on Shark Tank?
They were looking for $200,000 for a 10% stake in the company, which worth $2.5 million.
Were they able to close the deal?
No, they did not land the deal as a result of the show.
Is the company still in operation?
They are still in business in February 2022, with annual revenues of $5 million.
Is Susty Party still producing their goods?
Their items may still be found at Amazon, Wegmans, and other shops. They also have a wholesale segment.
How much are Susty Party?
Their items are available for purchase on a variety of websites, including Amazon, Whole Foods Market, and Target, among others. They range in price from $5 to $15 per piece, depending on size.
Susty Party is located where?
They are situated in Brooklyn, New York, with their headquarters in Williamsburg.
What is the target market for Susty Party?
Their target market is anyone who wants to throw a sustainable party. As well as any institution or corporation that wishes to be more environmentally conscious.
What are the goods of Susty Party?
Their items include disposable paper plates, cups, napkins, and plastic ware. These goods are created from renewable or fossil-fuel-based components and may be recycled after use.
Is the Susty Party a success?
They have been producing their products since 2013 and will be in operation till February 2022.
What materials is Susty Party items composed of?
Their goods are made of paper and plastic. Some of their paper goods are created from recycled materials, while some of their plastic items are made from renewable resources.
What exactly does Susty Party do?
Susty Party provides disposable plates and napkins to companies and organizations. Weddings, bridal showers, animal events, conferences, and even bars are examples of these enterprises. They also sell all of their items online through Amazon and Wegmans (the only two places they are sold).
Is Susty Party need to be reserved?
No, there is no need to make a reservation with Susty Party.
Will the Susty Party deliver?
Yes, they will deliver to any location in New York City.
What is Susty Party’s return policy?
If the items are destroyed or damaged within 60 days after purchase, they will issue a complete refund. However, if they are used and then returned, they must be clean and in good shape. If the merchandise is unclean when returned, they will not give them a replacement or refund their money.
How can I make a payment for Susty Party?
Checks, credit cards, and PayPal are all accepted.
Who is the company’s CEO?
Jessica Holsey is the company’s CEO.