Peoples Design - Shark Tank Update

mixing bowl with a built-in scoop

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Season 8, Episode 23 Founded by Tyler Peoples Out of Business

Peoples Design Details

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Shark Tank Episode Details

Founders Tyler Peoples
Air Date 2017-05-05
Season & Episode Season 8, Episode 23
Initial Ask $75K for 25.0% equity
Deal Details Got deal: $75K for 33.3% equity from Lori Greiner
Estimated Yearly Revenue N/A
Estimated Net Worth (4x estimated revenue) N/A

The Shark Tank Pitch

Kitchen frustration met entrepreneurial ingenuity when Tyler Peoples, a professional personal chef from Colorado Springs, Colorado, recognized a problem that occurs in virtually every kitchen, every day: the inefficient, messy process of scooping, straining, and transferring mixed ingredients from a bowl to a pan, plate, or storage container. Every cook who has ever tried to scrape the last traces of cake batter from a bowl or wrestle wet ingredients out using a separate spatula knows the frustration - and Tyler designed the Scooping Bowl to eliminate it entirely.

The product is built around a hinged, semi-circular insert integrated directly into the interior wall of a standard mixing bowl. When a cook finishes mixing, pressing the hinged arm sweeps the contents smoothly toward the bowl's pouring spout in a single, controlled motion, functioning as a built-in spatula without requiring any additional tools.

The same insert doubles as a built-in strainer for draining liquids, and acts as a divider when the bowl holds two separate snack components like chips and dip simultaneously. Each Scooping Bowl retails for $24.95 against a manufacturing cost of $5.80 per unit, providing an attractive margin profile that validated the commercial fundamentals.

At the time of his Tank pitch, Tyler had progressed past the prototype phase and filed his patent, though he had sold only about 200 units - exclusively through direct sales on his company website - having discovered that the product sold most convincingly when potential customers could watch a live demonstration rather than simply read a description. That demonstration-dependent characteristic made a QVC partnership or live retail presence an obvious strategic fit.

Seeking $75,000 for 25% equity at a $300,000 valuation, Tyler entered the Tank hoping to gain both the capital and the direct-to-consumer retail expertise needed to bring the Scooping Bowl to the millions of home cooks who he believed would recognize its value immediately upon seeing it work for the first time.

Where Are They Now?

The sharks displayed distinctly varied reactions to the Scooping Bowl in the Tank. Tyler demonstrated the product's multiple functions - scooping, straining, and dividing - handing out samples for the panel to handle while explaining the $5.80 production cost and $24.95 retail price.

Mark Cuban acknowledged he appreciated the concept but said his favorite kitchen utensil was his phone for ordering takeout, and he was out. Robert Herjavec followed quickly.

Daymond John felt the kitchen gadget market was too crowded with single-use products to justify the investment. Kevin O'Leary encouraged Tyler to take Lori Greiner's offer rather than negotiate.

Lori was the only shark who saw clear commercial potential, recognizing immediately that the Scooping Bowl was the kind of product that sold best when demonstrated live - precisely her expertise at QVC and in home shopping retail. She offered $75,000 for 33.3% equity, and when Tyler pushed back to request a royalty structure instead, she declined to restructure but held firm at her terms.

Tyler accepted. The deal with Lori closed successfully, and the product was rebranded as the Squeebie Bowl for its retail rollout. Appearances on QVC drove consumer awareness and purchase intent in ways that online-only sales had never managed to match, and the company generated approximately $500,000 in sales over the two years following the original air date - validation that the live demonstration format worked exactly as Lori and Tyler had hoped.

However, the business encountered challenges maintaining momentum beyond those initial QVC appearances, and by 2018 the products became unavailable through the major retail channels. The website went dark, the QVC listings moved to sold-out status, and a Facebook commerce page offering a renamed version of the bowl remained the only visible commercial presence.

Tyler Peoples subsequently transitioned to a new career as catering manager at Springs Rescue Mission in Denver, moving on from the consumer products world while the Scooping Bowl became one of the many innovative but commercially short-lived products that found a moment of success through Shark Tank before the competitive challenges of the kitchenware category proved too difficult to sustain.

Revenue

N/A

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