In this kickoff episode, three food entrepreneurs try to tempt investors with tasty deals. Will the board bite or do a spit-take? There's only one way to find out — press play and let the games begin!
Our first entrepreneur: Marilyn Yang of Popadelics looks seeks a deal to help her ultra-crunchy mushroom chips take over the market.
Our first entrepreneur: Marilyn Yang of Popadelics looks seeks a deal to help her ultra-crunchy mushroom chips take over the market.
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00:00Welcome to The Elevator.
00:03Hi, everyone. I'm Marilyn, co-founder and CEO of FunGal Snacks,
00:06parent company of Papadelics Crunchy Mushroom Chips.
00:08My husband and co-founder Mike and I had a simple idea.
00:11If there's kale chips, why shouldn't there be mushroom chips too?
00:14And so we started Papadelics,
00:15shiitake mushrooms reimagined for the modern snacker.
00:18We're seeking up to $500,000 in the form of a safe note
00:21with an $8 million valuation cap to help support these launches.
00:25And we're super excited to partner with one of you
00:27to make mushroom chips mainstream together. Thank you.
00:33Wow. What a great way to start.
00:35I mean, that was a pretty good pitch.
00:38You like what you hear?
00:39Yeah, I was very impressed.
00:41And I mean, if she could take over the kale chip,
00:44imagine the opportunity.
00:46Yeah. Well, I'm not sure that's the right benchmark to use, the kale chip.
00:50What'd you think, Don?
00:51I mean, the mushrooms.
00:52I mean, I would have thought differently,
00:54psychologically, maybe psychedelically.
00:56But, you know, I'm hungry too.
00:58I can't wait to try it.
01:02So, number one, I think it's a very innovative idea.
01:06I love that you put your own money in.
01:09I also have the same hesitations as you guys,
01:13which is you seem quite distracted.
01:17But I like this.
01:21I would love to invest $100,000 on the company, at the terms.
01:27You are actually our first choice when we were looking at all of the judges.
01:31So, we would love to take the deal with you.
01:33And actually, because we're partnering with you now,
01:35we would love to give you a present.
01:37Amazing. My own mushroom.
01:39Yeah, you get to take Mr. Mushroom right here.
01:42And I'm really looking forward to connecting more in Miami.