'Shark Tank': Project Pollo leaves with no deal, fans say 'Sharks got it right'
While it's true that the Sharks on 'Shark Tank' love nothing more than a good growth story and great profit margins, they are also extremely cautious when it comes to taking risks. So, when Project Pollo's founder Lucas Bradbury walked into the Tank seeking an investment of 2.5 million for a 5% stake in his $5 million valuation vegan food chain business, it immediately raised a lot of eyebrows.
Aside from the high valuation, the Sharks were also concerned by the rapid expansion that the business was undertaking. While Lucas was brimming with pride over opening 12 brick and mortar food joints in a span of just twelve months, the Sharks however were alarmed by the pace of growth. Guest Shark Kevin Hart, Lori Greiner, Barbara Corcoran, and Mark Cuban, felt that he needed to have a solid business plan and focus more on strengthening his business model rather than rapidly scaling it. For Mr Wonderful aka Kevin O'Leary the biggest cause of concern was the high valuation.
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Mark Cuban also pointed out how vegan food is often associated with healthy food, so the fact that Project Pollo sold vegan fast food meant that it would soon be out of business. The billionaire Shark estimated that Project Pollo would be out of business in about three years. While Lori compared the rapid growth to a tornado and felt uncomfortable about investing in a business like that. But Lucas took Lori's harsh critique as a compliment. In his green room interview, Lucas declared that he was from Kansas and wasn't scared of tornados or hurricanes.
Lucas also explained that he would continue with his rapid expansion plans and become a huge success story. While Lucas felt that the Sharks made a mistake by not investing in his business, fans, however, felt that the Sharks did the right thing by not making any offers. A fan tweeted, "I think all the sharks got it right by bowing out of the Project Pollo. #SharkTank." "@ABCSharkTank He's opening a lot of locations at one time, which can be very risky. #ProjectPollo #SharkTank," wrote a fan. "It’s like this guy has business ADD. He clearly knows what he’s doing but his movements are a bit scary because of his speed. #SharkTank," echoed another fan. "Did the project pollo dude seem a little sus to anyone else? #SharkTank," wondered a fan.
I think all the sharks got it right by bowing out of the Project Pollo. #SharkTank
— Janelle Thomas (@RealAgentJaye) May 21, 2022
@ABCSharkTank He's opening a lot of locations at one time, which can be very risky. #ProjectPollo #SharkTank
— Burt Zeimens (@BZeimens) May 21, 2022
It’s like this guy has business ADD. He clearly knows what he’s doing but his movements are a bit scary because of his speed. #SharkTank
— Janelle Thomas (@RealAgentJaye) May 21, 2022
Did the project pollo dude seem a little sus to anyone else? ❄️ #SharkTank
— spliffgram (@spliffgram) May 21, 2022
'Shark Tank' Season 13 is available for streaming on ABC. Missed an episode? Been wanting to catch up? Episodes can also be viewed the next day on demand and on Hulu. Not just that, you can also watch old seasons and episodes on Amazon Prime Video and iTunes.
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