Like Air Puffcorn Shark Tank Episode Update & Net Worth

Like Air Puffcorn Shark Tank Episode Update & Net Worth

Like Air Puffcorn, co-founded by Allison Lin, Steve Atieh, and Kevin Atieh, appeared on Shark Tank Season 15, Episode 11 seeking $300,000 for 3.5% equity, valuing the company at $8.57 million. Like Air Puffcorn offers a healthier alternative to traditional popcorn, with a light and airy texture that melts in your mouth.

In their pitch, the founders sought $300,000 for 3.5% equity, valuing the company at $8.57 million. They highlighted the following key features of their product:

• Healthier Ingredients: Like Air Puffcorn contains only 50 calories per cup and has less than half the sugar of leading kettle corn brands.
• Unique Texture: The puffcorn is light and airy, melting in your mouth without getting stuck in your teeth like traditional popcorn.
• Impressive Sales: The company reported $5.2 million in sales in 2022 and projected $10 million for the year of filming.

• Save

After some negotiation, Lori Greiner and Mark Cuban made a deal with the founders for $300,000 in exchange for 10% equity, valuing the company at $3 million.

Following their appearance on Shark Tank, Like Air Puffcorn experienced a significant boost in website traffic, sales, and new retail partnerships. The company has expanded its distribution to over 10,000 stores nationwide, including major retailers like Kroger, Meijer, HEB, and Wegmans.

As of August 2024, with an estimated 20% yearly growth rate (typical for a successful Shark Tank company), the current net worth of Like Air Puffcorn is approximately $4.32 million.

Like Air Puffcorn is still in business and actively expanding its product offerings. The company continues to focus on providing healthier snack options while maintaining its commitment to delicious taste and unique texture.

What is Like Air Puffcorn? How Does it Work?

Like Air Puffcorn is a unique snack that offers the texture and experience of popcorn without the hard kernels. Made from non-GMO corn, the puffcorn is baked to a light, airy consistency that melts in your mouth.

The product is free from artificial ingredients, gluten, and the top eight major allergens, making it a suitable snack for a wide range of consumers.

With only 50 calories per cup, Like Air Puffcorn is positioned as a healthier snack option. The brand offers four distinct flavors: Classic, White Cheddar, Cinnamon Bun, and Pancake. The two sweet flavors, Cinnamon Bun and Pancake, contain less than half the sugar of leading kettle corn brands, appealing to health-conscious snackers.

The product is packaged in 4-ounce bags, which retail for $3.99 each. The wholesale price is $2.50, and the production cost is $0.88 per bag, allowing for strong profit margins. Like Air Puffcorn is available in various retail stores across the United States and can also be purchased online, including on Amazon.

Allison Lin, Steve Atieh, and Kevin Atieh, the entrepreneurial team behind Like Air Puffcorn, presented their innovative snack food on Shark Tank Season 15. Like Air Puffcorn is a light, airy snack that resembles popcorn but melts in your mouth without the pesky kernels.

The product is designed to be a healthier alternative to traditional snacks, with no artificial ingredients, gluten-free, and made from non-GMO corn. The trio successfully secured a deal with Mark Cuban and Lori Greiner for $300,000 in exchange for 10% equity.

• Save

Since their appearance on Shark Tank, Like Air Puffcorn has continued to thrive, expanding its presence in retail stores nationwide and online.

 The partnership with Mark Cuban and Lori Greiner has provided valuable guidance and resources, helping the company to scale effectively.

As of 2024, Like Air Puffcorn has seen significant growth in both sales and market reach, increasing its valuation and establishing itself as a popular snack brand.

Like Air Puffcorn Shark Tank Full Episode; What Happened at Shark Tank Pitch

During their Shark Tank pitch, the Like Air Puffcorn team shared their vision for creating a healthier, more enjoyable snacking experience. They asked for $300,000 in exchange for 3.5% equity, valuing the company at $8.6 million. The sharks were impressed with the product’s taste, particularly Kevin O’Leary, who praised it as the best low-calorie snack he had tasted on Shark Tank in 15 years.

The entrepreneurs revealed that Like Air Puffcorn had seen rapid growth, with $100,000 in sales in 2020, $2.5 million in 2021, and over $5 million in 2022. They projected $10 million in sales for the year of filming. The company had also invested $2.5 million in a dedicated production line at a co-packer in Chicago and had raised $3.5 million in a recent growth round.

Despite the impressive numbers, Kevin O’Leary and Robert Herjavec declined to invest, feeling that the small equity offered didn’t justify the involvement. Barbara Corcoran also passed, sharing concerns from her past investment in a similar snack brand, Pipcorn, which had led to diminishing returns due to dilution.

Lori Greiner saw the potential and offered $300,000 for 7.5% non-dilutable equity. After negotiations, the team agreed to $300,000 for 10% dilutable equity with Lori Greiner and Mark Cuban joining forces. This partnership provided the company with both financial backing and strategic support to help them expand.

What Happened to Like Air Puffcorn After Shark Tank?

After their successful pitch on Shark Tank, Like Air Puffcorn experienced a surge in sales and expanded its retail presence. The brand is now available in retail stores across all 50 states, including major chains like Kroger, Meijer, HEB, ShopRite, and Wegmans. The exposure from Shark Tank and the partnership with Mark Cuban and Lori Greiner have significantly boosted the company’s visibility and market reach.

The Like Air Puffcorn team has also revamped their website, improving the online shopping experience and offering new products. For the first time, 100-calorie single-serve bags are available for purchase directly from their website, catering to consumers looking for convenient, portion-controlled snacks.

The company continues to focus on expanding its product line and increasing its retail distribution. With the ongoing support of Mark and Lori, Like Air Puffcorn is well-positioned to continue its growth trajectory and become a household name in the snack food industry.

How Much Is Like Air Puffcorn Worth?

As of 2024, Like Air Puffcorn is estimated to be worth approximately $12 million, reflecting the company’s rapid growth in sales, retail expansion, and strong market presence.

The successful partnership with Mark Cuban and Lori Greiner has provided the company with the resources and strategic guidance needed to scale effectively, contributing to its increased valuation.

The company’s focus on offering a healthier, innovative snack option has resonated with consumers, driving continued demand and solidifying Like Air Puffcorn’s position in the competitive snack market.

Is Like Air Puffcorn Still in Business?

Yes, Like Air Puffcorn is still in business and thriving. The company has successfully leveraged the exposure from Shark Tank to expand its market presence and increase sales. Allison Lin, Steve Atieh, and Kevin Atieh remain committed to growing their brand, offering a delicious and healthier alternative to traditional snacks.

With ongoing support from Mark Cuban and Lori Greiner, Like Air Puffcorn is focused on scaling its operations, expanding its product line, and increasing its retail distribution. The company’s innovative approach to snacking has made it a popular choice among consumers, and Like Air Puffcorn is well-positioned for continued success.

Which Episode Number was Like Air Puffcorn on Shark Tank?

Like Air Puffcorn was featured in Episode 11 of Shark Tank Season 15. In this episode, Allison Lin, Steve Atieh, and Kevin Atieh pitched their snack brand to the sharks, highlighting its health benefits, unique texture, and growing market presence. The episode showcased the brand’s success in the competitive snack food industry and its potential for further expansion.

FAQs

Which Shark Tank season featured Like Air Puffcorn?
Like Air Puffcorn was featured in Season 15 of Shark Tank.

Did Like Air Puffcorn get a deal on Shark Tank?
Yes, Like Air Puffcorn secured a deal with Mark Cuban and Lori Greiner for $300,000 in exchange for 10% equity.

How much was Like Air Puffcorn asking for on Shark Tank?
Like Air Puffcorn was asking for $300,000 in exchange for 3.5% equity.

What is the retail price of Like Air Puffcorn?
Like Air Puffcorn retails for $3.99 per bag.

Where can I buy Like Air Puffcorn?
Like Air Puffcorn is available at major retail stores across the United States, including Kroger, Meijer, HEB, ShopRite, Wegmans, and on Amazon.

Is Like Air Puffcorn expanding its product line?
Yes, Like Air Puffcorn is expanding its product line and now offers 100-calorie single-serve bags available for purchase on their website.