Your Stats Shark isn't exactly sure how millet-based tater tots are healthier than regular old potato tater tots but RollinGreens from Boulder, CO, seems to think theirs really is the healthier alternative.
Unfortunately, for a company that is seeing its sales trending upwards, so are its losses, having lost $200,000 on $320,000 in revenue in the previous year and projecting $300,000 in losses on $700,000 in sales in the current year. The sharks, naturally, take them to task for this oversight.
But then Robert rides in for a surprise rescue, asking for double the amount of equity the entrepreneurs originally wanted to give away but giving them the $500,000 they had asked for. This deal is being collated and will soon be posted. Check back shortly to see the details on this company and the pitch it made on Shark Tank.