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Jessica Holsy and Emily Doubliet entered the show Shark Tank with a mission to change the narrative of party supplies. Their episode aired on season 5, episode no 526 in 2014.
They presented their company, showcasing party products that are eco-friendly as well as compostable. The products are not only environmentally friendly but also high in quality. Susty Party products are available on Amazon and retail shops. They made a good impact, but what is their update right now?
Many audiences still want to know what happened to the company after the Shark Tank season 5 appearance. Worry not, the article has covered it all. Here is everything you need to know about the Susty Party Shark Tank updates, their sustainable business record and the aftermath of Shark Tank.
Susty Party Key Highlight
- Jessica Holsey and Emily Doubliet started Susty Party to make environmentally friendly party supplies, products like sustainable plates, cups, spoons, napkins etc.
- Just two months later, after filming in Shark Tank, Susty Party found their mission-aligned investors. They secured half a million dollar investment for just 8% equity.
- Shortly after that Susty Party earned an investment of 500,000 dollars with only 8% equity. They started selling on Whole Goods and many Target stores across the USA.
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| Entrepreneurs | Jessica Holsy, Emily Doubilet |
| Business | Environmentally-sustainable party supplies |
| Ask | $250,000 in exchange for 10% equity |
| Result | No deal |
| Sharks | No one |
| Season | Season 5 episode 526 |
| Click here | |
| Click here |
What is the Susty Party?
Two friends Jessica Holsy and Emily Doubliet, like normal human beings, are partygoers. However, they noticed the resulting waste from the plastic supplies.
In 2009, they started Susty Party to make environmentally friendly party supplies. It was quite hard but they created products like sustainable plates, cups, spoons, napkins etc. that are compostable.
The two girls first learned how to make the products and then prompted people to buy them. It made them believe it is a great and simple way to party and be kind to the earth.
Susty Party appeared in the Shark Tank in 2013 which aired in season 5, in 2014. The entrepreneurs pitched their eco-friendly products and offered a deal. The Sharks were impressed, but Susty Party couldn’t secure a deal.
That didn’t stop Susty Party from quitting. They got a big exposure which helped their company grow. Today the company has millions of revenue and a successful business.
Who Is The Founder Of Susty Party?
Two friends and entrepreneurs Jessica Holsey and Emily Doubliet founded the start-up Susty Party. They started the company in 2009 after noticing the environmental impact of plastic party supplies.
Susty Party offering for the investor?
In season 5 of Shark Tank, Susty Party offered an amount of $250,000 in exchange for 10% equity. They couldn’t seal the deal.
Did Susty Party get a Deal on Shark Tank? A Detailed Explanation
Jessica and Emily entered the show with paper crowns on their heads. They made lighthearted appearances and invited the Sharks to dance. The entrepreneurs offered $250,000 for 10% of their business.
Jessica explained that their eight-pack of single-used plates cost 5 dollars. Susty Party projected the sales in that year at 1.5 million dollars. They valued the company at 2.5 million dollars. Unfortunately, Susty Party only had 30,000 dollars in the bank and 80,000 dollars were due in red.
Barbara doubted that wouldn’t be a profitable investment, so she’s out. Robert explained it would be too risky. Lori already invested in the same type of disposable plates business.
Mark expressed his many concerns before Shark out. Kevin offered 250,000 dollars as debt with 10% interest in exchange for 30% equity. Unfortunately, Jessica and Emily declined the deal and left the show.
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How Did the Susty Party Start? Start-up Aim and Goal and Success Story So Far
The Susty Party started when the founders realised how much waste it creates with only one party’s supplies. The initial days of the Susty Party were very hard. They researched the process and studied the truly recyclable material, and that doesn’t hurt the environment.
Susty Party is widely available on Amazon and other big stores. They also have wholesale options for qualified businesses like caterers and food services. Emily and Jessica pitched their products in Shark Tanks by having colourful and eco-friendly party products.
They brought the products made of tapioca starch, grass fibre, 100% recycled paper and sustainable wood cutlery. The products are made in the USA with inclusivity of visually impaired employees.
They failed to make a deal, but their appearance made a big impact. Shortly after that Susty Party earned an investment of 500,000 dollars with only 8% equity. They started selling on Whole Goods and many Target stores across the USA. The sales skyrocketed, and they currently have revenue of around 5 million dollars.
What Happened to Susty Party Before Shark Tank?
The founders of the Susty Party, Jessica Holsey and Emily Doubilet met at a party at home in New York. The college graduates started discussing business opportunities.
Jessica, a Harvard Economics graduate, works at Wall Street, and she wants to quit. Emily was an Environmental Science graduate. As young adults, they loved parties, also aware of environmental causes.
They devised their new business, Susty Party. Susty is short for sustainable. They began their journey sourcing materials from factories that are eco-friendly, profitable and high quality. A business meeting led to a suggestion to make them participate in Shark Tank. And the rest is history.
What Happened to the Susty Party after the Shark Tank?
Just two months later, after filming in Shark Tank, Susty Party found their mission-aligned investors. They secured half a million dollar investment for just 8% equity. They found the investors who believed in their ethics of business.
Shark Tank allowed them to grow. They established a deal with investors who believed them as entrepreneurs. The people who believe in creating jobs for communities in need.
Unfortunately, Jessica and Emily left the business in 2016. The reasons are unknown if that’s an acquisition or not. Julie Bell and Benton Keith are now running the Susty Party. Emily is now a managing director of Mermaid Ventures, and Jessica is the managing director of GCM Grosvenor.
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Susty Party Net Worth
Before Shark Tank Susty Party’s lifetime sales at the time of filming in 2013 were $1.5 million. Their initial valuation was $2.5 million.
After Shark Tank Susty Party’s estimated net worth as of 2024 is $6.3 million. Their annual revenue as of 2023 is $5 million.
FAQ About Susty Party
1. What is Susty Party?
Susty Party makes environmentally friendly party supplies, products like sustainable plates, cups, spoons, napkins etc.
2. What is the net worth of Susty Party?
Susty Party’s estimated net worth as of 2024 is $6.3 million. Their annual revenue as of 2023 is $5 million.
3. Who is the founder of Susty Party?
Founded by Jessica Holsey and Emily Doubliet founded the start-up Susty Party.
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