Latangela Newsome hopes to bag a Shark for an investment in Grease Bags, her eco-friendly invention that allows people to compost their used cooking grease, in Shark Tank Episode 811. Newsome – a single “momtrepreneur,” acted in the Nickelodeon TV series Taina from 2001-2002. She was inspired to create Grease Bags from her love of cooking. She didn't like pouring grease down the drain or putting it in plastic, disposable bags because it added to pollution.
The solution is her patent-pending, all natural, non toxic, absorbent bags that allow for easy and green composting. As of her air date on Shark Tank, Grease Bags are not available to the public. She's still in the testing phase and she's looking to produce the bags for sale by May, 2017.
In December, 2016, Latangela had an unsuccessful Kickstarter campaign that raised only $75 of a $25,000 goal. Besides getting funding for her business, Latangela says her “challenge is educating people on the importance of proper grease disposal and how simple the solution really is.” Will a Shark grease Latangela's palms with some cash?
Grease Bags Shark Tank Recap
Latangela will pitch the panel of five Sharks on the business and its prospects for growth. She’ll need to convince Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but she’ll need to show them SHE is capable of running the company to “Shark standards." A full pitch re-cap on Grease Bags will be available on Shark Tank Blog once this episode airs.
Grease Bags Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Grease Bags and Latangela Newsome as more details become available.