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Eco Flower was first brought upon on Shark Tank and gained a lot of attention of the audience but it has been long since the viewers heard more about it. Eco Flower was a talking subject for a long time and thus we are going to talk about it.
The audience remains curious as to what really happened to Eco Flower after Shark Tank and whether it made its mark or not. The big question that everyone is curious to know is whether it turned out to be successful or not.
Eco Flower Key Highlight
- The flowers which were sold were basically made out of recycled and also sustainable materials created by Meagan Chapman.
- Meagan who was the CEO kept a big offering on the table for the investors where she asked for a sum of $400,000 on the equity rate of 10% for the company.
- Eco Flower net worth was reported to be $2 million when the product was first brought upon on Shark Tank.
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What is Eco Flower
Eco Flower was first introduced in Shark Tank back in 2016 when Meagan Bowman presented the most awaited product. Meagan gave the presentation of Eco Flower and though she opened up mentioning that the company sells only the eco-friendly flowers which has been scented as well.
The flowers which were sold were basically made out of recycled and also sustainable materials and though it has a lot of uses as well such as flower bouquets along with other floral arrangements as well.
The Eco Flower on the other hand impressed the judges and the audience and they were already looking forward to the deal which Meagan was set to ask.
Who is the founder of Eco Flower
Meagan Chapman is the CEO as and the one who came across the idea of Eco Flower. Meagan thought that this was something that everyone will be fond of and would not waste any chance to keep these flowers at their home.
Meagan has been an entrepreneur since the last decade and she was also said to have a famous past as well. It was mentioned that Meagan was involved in the fitness industry too and she was also featured in some of the marketing campaigns back in the time as well.
It was also revealed that it was the business that she started at her home and thus using Bamboo along with dried roots and more. Everything was looked over before farming and thus approved by the farmers themselves and giving a clear pass that it is an eco friendly flower.
Meagan also stated that she always planned to step into the Shark Tank from the start and ever since the flower was introduced over. Meagan put a use of the recycled items and then she was able to create a flower bouquets in some time too.
| Idea | Scented flowers made out of recyclable materials |
| Founder | Meagan Bowman |
| Ask | $400,000 for 10% equity |
| Result | $400,000 for 20% equity |
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Eco Flower offering for the investor
Meagan who was the CEO kept a big offering on the table for the investors where she asked for a sum of $400,000 on the equity rate of 10% for the company. There was much negotiation made on the deal where she finally decided to close it off on $400,000 with the equity rate of 20%.
Did Eco Flower get a deal on Shark Tank? With explanation
Eco Flower was said to be stuck in some negotiation and then finally landed a deal of $400,000 with an equity of 20%.
The judges from the show believed that the product does not have a bright future ahead but instead came across the information of the budget and then thought it would be good to make an investment on Eco Flower.
How Eco Flower Started and how it did
The company of Meagan had one main purpose of doing the best the best in providing a sustained alternative when it comes to flowers and though it could be done by using the recycled materials in order to create lasting arrangements and everything comes in a variety of scents.
The scent include many other flavors such as Black Raspberry Vanilla along with Japanese Cherry Blossom and Strawberry Lemonade. Considering the product as a good initiative one, it does not come in as a surprise that the Sharks later fell in love with the Eco Flower.
The flowers had their own beauty, and the scents were said to be noteworthy in particular. Barbara Corcoran and Lori Greiner on the other hand mentioned that they would still consider the real flowers at this time too.
After all they agreed that the product was on demand and can make up greater sales and profit in the coming period of time. Hence to mention that the product has made sales of $2.8 million till now and continues to grow ahead too.
| Shark | Daymond John |
| Current Status | Out of business |
| Website | Click here |
| Season | Season 8 episode 7 |
What happened to Eco Flower Before Shark Tank
Eco Flower was already blooming high in the market as it made sales of a total $2.8 million but the main thing about this was it didn’t get any recognition at that time.
What happened to Eco Flower after Shark Tank
The company did grow a lot after the episode of Shark Tank but the investors later decided to bring John Allard as the new CEO of the company and though it made Meagan parting ways with the company.
It came out as bad news resultedg in JW capital being an owner for about 50%, and it later went on to buy the rest of the company.
Why did Eco Flower go out of business
As we mentioned earlier in the article, the shares were owned by other investors at the time, and so the company was not able to meet the right orders, which led it to mistreat the employees on a big note as well, and thus, it resulted in the company shutting down.
Are there any products like Eco Flower in the market now
There are no other products like the Eco Flower in the market for now, but Meagan parted ways with the company in order to bring a new company. She found a company named Sola Wood Flowers and though it stood out to be successful in a period of time.
Mentioning that she started putting the Eco Flower kind products on sale, which brought the hype once again as well.
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How much is Eco Flower net worth
Before- Eco Flower net worth was reported to be $2 million when the product was first brought upon on Shark Tank. The Sharks had much to say about the product and invested in a big number as well.
After- Eco Flower is now set at a net worth of $0 because the company shut down. There are still hopes for the company to bounce back, but Meagan could be the one working for it.
FAQ About Eco Flower
1. What is Eco Flower?
Eco flower is the eco-friendly flowers which has been scented as well.
2. Who is the founder of Eco Flower?
Meagan Chapman is the founder of Eco Flower.
Why did Eco Flower go out of business?
The shares were owned by other investors at the time, and so the company was not able to meet the right orders, which led it to mistreat the employees on a big note as well.
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