Abe and Lisa Fetterman hope to cook up a deal for Nomiku (pronounced NOM-EEE-KOO), their high-tech sous vide cooking device, in episode 807. Sous vide is a method of cooking food sealed in a plastic bag in a water bath at low temperatures. The method uses cooking temperatures of 130-140 degrees over a long period of time – usually one to six hours. Food cooks evenly and retains moisture lost with other methods. Top chefs all over the world use the method.
Nomiku clips to the side of any pot and heats the water for the water bath. There are two versions: the original and the WiFi model. The WiFi version allows users to remotely turn the device on and off through their Tender App for mobile devices. The original model sells for $199 and the WiFi model (currently on backorder as of 11/16/2016) costs $249.
The Fettermans got global raves when they raised $586,061 on Kickstarter for the first generation Nomiku. It was one of the highest backed cooking products ever on Kickstarter. Next, they raised $750,192 in a second Kickstarter campaign which they used for warehousing, components, tooling, mechanical, assembly, and testing costs. They actually lived in China for two years while developing and manufacturing the original Nomiku. Now they make both products in San Francisco.
The Fettermans likely need funds to speed up production. Will a Shark warm up to this business?
Nomiku Shark Tank Recap
Abe and Lisa will pitch the panel of five Sharks on the business and its prospects for growth. They'’ll need to convince Mark Cuban, Robert Herjavec, Kevin O’Leary, Lori Grenier, and Chris Sacca that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards." A full pitch re-cap on Nomiku will be available on Shark Tank Blog once this episode airs.
Nomiku 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 Abe & Lisa Fetterman and Nomiku as more details become available.