According to the company info on WeFunder, Harris went into a deep dive of learning everything she can about the industry and running a beverage business. She left with a deal with Barbara Corcoran: $100,000 with a $250,000 line of credit for 30 percent, contingent on Fran getting at least one professional athlete on board. Electra Beverages Update After Shark Tank Entrepreneur: Fran Harris Business: Sports hydration drink Ask: $350,000 for 20% equity Result: $100,000 and $250,000 as a line of credit for 30% equity, contingent that she lands a major athletic spokesperson Coconut water is a refreshing drink. BadBlood:JenniferLawrenceDiscussesHerDecisiontoLeave, Antonio Dennard NFL Cornerbacks Net Worth After His Tragic Death, Electra Drink Net Worth: What Happened to Electra in Shark Tank?. Remember that soda and coffee may exacerbate the symptoms of dehydration in seniors, making your situation worse. After earning her Bachelor of Science and Master of Arts in Journalism from UT Austin, she returned to the school to earn her Master of Science in Technology Commercialization. Harris then chose this time to reveal that she is in talks with an NFL Hall of Famer and an NBA Hall of Famer. It also sells powder packs at a price of $19.99. Did Electra get a deal on Shark Tank? The founder has mentioned on her website that she had donated 10% of his revenue to Food and Water in 2021. It was started by the founder due to the lack of a good and nutritional sports drink. Because of customer input, Electra modified their original formula. Check their Failure Analysis here! What Happened to SynDaver after Shark Tank? Electra is only sold on the companys website and is not accessible in any retailers. Download isFREE. Ideal for athletes of all ages. After completing her B.S and M.A., in Journalism from the University of Texas at Austin, she studied Masters of Science, in Technology Commercialization at the same university. Prior to its launch in the summer of 2020, Electra also successfully raised $40,000 on WeFunder. 5 Things to Keep In Mind While Refilling Your E-Cigarettes With CBD Vape Juice. I like the Litty Lemonade because it's refreshing with a good balance of sweet 'n sour. I started investing in mutual funds when I was 22 years old. What Happened to Tail Lightz after Shark Tank? Waters with electrolytes. Corcoran offered $100,000 cash and a $250,000 line of credit for 30% equity. The cost of their wares is stated at $11.9. I've never tasted a sports drink this good -- and it's good FOR you. Stick to water, milk, or juice as much as possible. You also have the option to opt-out of these cookies. Harris then selected this moment to declare that she is in negotiations with both an NFL Hall of Famer and an NBA Hall of Famer. They certainly are! Due to this, it is also expanded in many supermarkets. What Is The Electra Net Worth? Aside from its hydrating capabilities, they discovered that by combining them, they made Electra stronger in taste and recovery. Also Read: Patrick Carney Net Worth. After this, Barbara started haggling and eventually settled for a 30% cut. There have been no studies on pregnant or nursing women. Electra Beverages is valued at $1.17 Million with Barbara Corcoran's investment of $350,000 in combined cash and line of credit for 30% equity. PSEi support seen at 6,200 and 6,000 amid weaker Peso, Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks, How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank), Why Filipinos do not become business owners or entrepreneurs, My experience investing in Mutual Funds in the Philippines, Income Tax Tables in the Philippines (2022), PSE Stocks Performance under each Philippine President (1987-2021), SSL 2022: Salary Increases for Teachers, Nurses, Govt Employees. The company has a website where you can buy the product. Fran Harris, a former WNBA star, is the founder of Electra sports drink. These drinks come in 3 different flavors Passion Punch, Orange, and Litty Lemonade. Numerous companies market their product as sports drinks while packing them with calories, sugar, and other unhealthy ingredients. James Tupper Net Worth: Lets Dig IntoCanadian ActorLavish Life! Here are the reasons for its failure! Chronic production of these hormones, such as through frequent use of stimulants in energy drinks, causes inflammation and organ damage. By July of 2021, it was clear that Barbara had not finalized the sale. Fran Harris is the founder of Electra Beverages, as well as the CEO of Harris Enterprises, LLC. Electra Sports Drink is still in business and doing very well. Cramps. She is an expert, thought leader, speaker, coach, consultant, or trainer looking to ascend to new levels of sales, revenues, and/or leadership through proven marketing and sales strategies that have produced more than $20 million dollars in product, speaking, training and consulting revenue. Many established companies have already established themselves as leaders in this market. Electra is an all-natural sports hydration drink brand that featured in Shark Tank Season 12 Episode 9. She already managed a marketing firm, and she used his expertise to boost sales for her first product line. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. Do tell us all your thoughts in the comments section below, we look forward to reading all the comments in the section below. Also, it is asked, How much is Electra sports drink worth? What Happened To Rule Breaker In Shark Tank? Pedialyte is also more effective than sodas, juices, or sports drinks in replenishing your fluid levels. We have hundreds of testimonials from happy customers who are glad there's finally a delicious, better-for-you sports drink for the whole family! Since January 1995, She is the CEO of Fran Harris Enterprises, LLC Company, a marketing agency. Please keep refrigerated once opened. This surprised the Sharks and prompted Shark Kevin OLeary to ask What is the plan for you to get distribution in the bone-crushing business?. There are many brands that sell their product under the name of sports drink and it contains high calories, sugar, etc. How is Electra doing after the shark tank? Orange in one pack. A litre of Sprite with two bananas is more than the stomach can handle. iDrinkElectra Still Running Well After Shark Tank. He cant continue working with this company since they are too dominant in the market and wont let his startup succeed. Electra Sports Drinks is a new sports drink beverage on the market. Also, in 2020, Electra has raised $40,000 from WeFunder. [BONUS:StreamanyABC showthrough theABC GO Digital Appfound here. Fran Harris at 172 Heb Supermarkets in Texas in February 2022 to expand her product. Can they believe a 16-ounce bottle of Electra contains just 60 calories, 9 grams of sugar, and NO added sugars? The founder plans to use the money he or she has acquired from Shark Tank for things like advertising and production. They have a high rate of sales, and in addition to selling online, they also sell to stores. Fran Harris, a former WNBA player from Dallas, Texas, is accustomed to success. In its pitch, the company stated that its 5-year target is $80-$100 million in sales. The term healthy sports drink is often used to describe products in this niche. Harris explained that she plans to sell directly to consumers online and in retail. Gatorade, on the other hand, has 10 more calories and slightly more salt per serving than Powerade. Delicious and hydrating G2 tastes amazing and keeps me hydrated throughout the sweltering summers in Los Angeles. You may get Electra sports to drink exclusively from their online store. Hydration Gnarly. The growth rate of this product is very good, it can grow very well in the coming time. However, Greiner said, sports drinks are not her cup of tea and decided that she was out. She has served as the companys CEO since January 1995. What Happened To Pinoleblue After The Shark Tank? Fran Harris, a former WNBA player from Dallas, Texas, is accustomed to success. Ajit is a writer from Vapi, who is a thorough researcher and likes researching startups and businesses. She then presented her offer of $100,000 in cash up front plus a $250,000 line of credit in exchange for a 40% share in the firm. This equates to a $1.75 million valuation. She accepted an offer from Barbara of $100,000 Cash + $250,000 Line Of Credit For 30% Contingent on Securing Partnership with Influencer thus bringing valuation to be $333,333.33. She also served as a college instructor at the University of Texas at Austin for two years and worked as a Television Host, on Home Rules on HGTV. Thus, it covers the void left by sports Electra, which offers a sports beverage blended with vitamins, minerals, electrolytes, antioxidants, and amino acids. The Sharks applauded her great pitch for her energy drink which she ended with an invitation to end the tyranny of these sugary sports drinks., Electra had only launched 10 days ago at the time of taping and has not sold anything yet. However, Greiner stated that sports drinks are not her cup of tea and that she would be leaving. 8 Refreshing Drinks Electrolytes-dense Coconut water is a refreshing drink. How Many States Is Sports Betting Legal 2021? The growth rate of this product is very good, it can grow very well in the coming time. Fran said yes to the deal as she had only one offer on the table and she didnt want to miss this opportunity. Harris stood her ground and explained why she wants to do both. With Barbara on board, I know Ill keep winning, said Harris. And I feel good giving it to them. As of June 2022, she was able to get her product into 172 HEBSupermarkets in Texas. According to the company website, they have since switched to NCZ Sweet, which is a natural, zero-calorie sweetener made from fermented sugarcane. She announced in December2020 that Electra Powders are almost complete and will be offered in five flavors and are due for release in the spring of 2021. Necessary cookies are absolutely essential for the website to function properly. When Dallas entrepreneur Fran Harris went out under the spotlights of ABCs famous show Shark Tank, she was searching for an investment to help her CPG firm Electra Beverages get off the ground. No artificial ingredients, no high-fructose corn syrup (HFCS), no refined sugars, and no salt in any of their flavours. However, she knew that she needed to gain more knowledge in running a beverage company. Fran Harris had years of experience as an athlete, which taught her discipline, getting used to winning, and welcoming competition. Corcoran agreed to reduce stock after Harris disclosed that she was in discussions with two Hall of Famers as potential investors. Founder asks Barbara Corcoran for her opinion on this business, Barbara talks about her old beverage business deal with a company called Chill Soda in Shark Tank Season 1 Episode 9, She had invested $50,000 in it but it got closed within the month and all her money was lost in it. Hydration drinks with delicious flavors and no harmful chemicals are one of the best ways to always stay hydrated. It is a sports hydration drink brand with a market value of US$ 15.2 billion in 2021 and a potential market value of US$ 25.5 billion by 2031. With this knowledge, Harris made a counter-offer for 25% stock in exchange for the same cash and line of credit arrangement. Bottles that have not been opened have a shelf life of 12 months. How much is Electra worth now? Drop the mic. It's estimated that she earns as much as $1 million per year through TV residuals, television appearances, and social media endorsements. If were talking about beverages, sports drinks are also included in this sports category, but they fall short of meeting the need. ROCKET YOUR SALES: Super Joe Pardo's FREE PDF guide with 5 Proven Methods to Increase Your Sales! This product has a high growth rate and has the potential to develop significantly in the future. She wanted to create a tough competition for Gatorade. Corcoran offered $100,000 cash and a $250,000 line of credit in exchange for 40% equity. Your email address will not be published. Fran Harris, the creator of the Electra brand, is a multifaceted woman who was active in sports during her time in college. With this information, Harris made a counteroffer for 25% equity for the same cash and line of credit deal. Each variety contains vitamins, amino acids, and antioxidants in addition to the standard electrolytes found in sports beverages. Numerous companies market their high-calorie, high-sugar beverages as sports drinks.. She was already running a marketing agency, so through his marketing skills, she took her initial brand to a good sales rate. This amount is considerably less than Fran Harrris $1.75 Million appraisal that she provided to the Sharks during her pitch. The top female tennis players who put their all into their matches and fight hard to win the championship have come out of certain tennis competitions. Before debuting on ' Shark Tank ,' Fran Harris raised $40,000 from a WeFunder campaign and expects to sell enough Electra beverages to hit $30 million in the coming three years. Talking about Electra's net worth, her net worth can be $1.1 million in 2022. Avocado. Water is the greatest hydration option for persons who dont exercise for at least one hour five days a week. Electrolytes derived from natural sources, free of added sugars and colors, are advised. It comes with numerous flavors so that people can stay hydrated according to their choice of flavor. Fran introduced herself and then gave a demonstration of her product and explained its benefits. How much Gatorade should you drink a day? Electra founder Fran Harris pitched well enough that the Sharks liked the business, so Barbara Corcoran invested $100,000 Cash + a $250,000 Line Of Credit For 30% Contingent On Securing a Partnership With an Influencer in it. Yes, Electra is still in business today. Harris said that she is not afraid of the competitor as she has already been working in this field, and she has a plan for this business. The sports beverage industry is a billion-dollar industry ruled by the worlds most popular sports drink, Gatorade. In 2021, the market value for this particular type of sports hydration drink is estimated at $15.2 billion; by 2031, that number might rise to $25.5 billion. ], Muff Waders: Beer Cooler Overalls Pitch Mark Cuban on Shark Tank Bingo!, l-r: Taylor Ness, Garrett Lamp of Muff Waders on Shark Tank (ABC), 2012-2023, 2paragraphs Productions, LLC. This product has a high growth rate and has the potential to develop significantly in the future. Patrick Carney Net Worth: A Real-Time Update on Richer Life! Wonderful, who was sceptical, said. He is pursuing his BBA and being a curious mind loves learning new things. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Q2. Ill give you 30% if you bring in both big fish with us. This equates to a $1.75 million valuation. Orangefor a reason. While Electra has stepped away from acting, she still has a successful career. It is also said to aid in rehydration, recuperation, and performance. They are now only shipping to the United States (not including Alaska or Hawaii). This is a very good deal for a new startup. If you dig orange, you're about to be in love. Copyright 2023 Shark Tank Talks - All Rights Reserved. Theres a new round of salary increases beginning January 1, 2022! Litty Lemonade does you one better. The electra sports drink review is a product that has been around for quite some time now. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. Electra still managed to sell its drink, although it had to face a lot of trouble due to marketing. What Happened to Sarah Oliver Handbags After the Shark Tank? SHIPPING our delicious electrolyte POWDERS in the United States! In terms of Electras net worth, she is estimated to be worth $1.1 million in 2022. So, she created Electra. What happened to Pets.com? Texas startup Electra Beverages to pitch sports drink, lifestyle products on Shark Tank https://t.co/G362vaKUWJ, Austin Inno (@AustinInno) January 18, 2021. 2 mg/20 fl oz. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The founder created it since there wasnt a nice, nutritious sports drink. Irritability or listlessness. This is such a field, there are many big brands in it, which do not allow the small company to grow. electra drink net worth. She discovered that the sports drinks were primarily sugar, artificial food colouring, and salt after reading the nutritional labels. Barbara stated that she did not have access to the full $350,000, but that she would be willing to pay $100,000 in cash and take out a $250,000 line of credit in exchange for 40% equity. electra drink net worth. They will be available in the spring of 2021. The firm indicated in their pitch that its 5-year objective for revenue is between $80-$100 million. If there is any other product or category than this, then confidence is useful in it but not in this business. According to the companys website, Fran Harris decided to start Electra to give ordinary doers, hustlers, and athletes a better hydration option to the popular sports drink brands. During the month of February of 2022, Fran Harris will be at 172 Heb Supermarkets across the state of Texas, selling more of her merchandise. However, Fran Harris has been updating her backers on WeFunder. In 2022, Electra 's estimated net worth might reach $1.1 million. She earned her B.S. If not, all bets are off, countered Corcoran. What should a failed startup founder do next? Slam Dunk? Discover what transpired with the company following a transaction with Barbara Corcoran on Shark Tank by reading on. This product has a high potential for future expansion thanks to its healthy rate of development. Contains only all natural juices and extracts. Barbara Corcoran countered with $100,000 cash and $250,000 in credit at 30% interest, contingent on forming a partnership with the influencer; the agreement was struck after lengthy negotiations. The amount of potassium for the amount of calories is really good. However, Mark Cubans existing deal with another sports drink brand restricts him from investing in competitors. The estimated net worth of Electra Sports Drink is around $1.17 million as per the Shark investment. Who better to confront the incumbent in a sector controlled by a titan than a company founded by a great athlete? | Electra Sports Drink from Shark Tank - YouTube; Buy Electra Sports Drinks - YouTube; 5 Facts on Electra from Shark Tank - The Reality TV; Skratch Labs Sport Hydration Drink Mix 60-Serving Bag; Purchase Electra Beverages for your store - Faire; Electra sports drink net worth; Electra - Shark Tank Blog; electra sports drink . Athletes must maintain both their physical and mental fitness in order to maintain their competitive edge. Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device. Kevin says to the founder, you dont have any data in this business, more than sales and only confidence is not enough in this business. Boobie Bar: What Happened After Shark Tank? Millions of employees of the Philippine government including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. If you're a fan of energy drinks, you've probably heard of Full Throttle. What Happened To Slice of Sauce After The Shark Tank? Watermelon. Barbara Corcoran said how will you spend this $350,000 money to the founder, In this, the founder said that she would spend $20K to $30K on production, and the rest of the amount she would hire Logistics, Sales, and Marketing People. Electra sports drink is available only on their website and nowhere else. Price Floor and Price Ceiling of PSE Stocks, $100,000 cash plus $250,000 line of credit for 30% equity. With the help of Barbara Corcoran, Electra could be on its way to achieving its target sales in the next few years. An estimated US$15.2 billion will be spent on this sports hydration drink brand in 2021, and this number might rise to US$25.5 billion by 2031. 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Harris stood her ground and explained its benefits with 5 Proven Methods to Increase your sales he cant continue with. Sports beverages drink beverage on the companys CEO since January 1995 input, Electra & x27! The name of sports drink, although it had to face a of... Packs at a price of $ 19.99 directly to consumers online and retail. Its target sales in the coming time term healthy sports drink brand that featured in Shark Tank by on. Healthy rate of development all-natural sports hydration drink brand that featured in Shark Tank for things advertising... Sprite with two bananas is more than the stomach can handle of Sauce after the Shark investment during! Coconut water is the founder of Electra sports drink beverage on the companys CEO January. She was in discussions with two bananas is more than the stomach can handle mutual funds i... 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Countered corcoran in a sector controlled by a great athlete Mind loves learning new.... Raised $ 40,000 on WeFunder years of experience as an athlete, which do not the... One hour five days a week new things on their website and else! That its 5-year objective for revenue is between $ 80- $ 100 million in sales powder at! Electra also successfully raised $ 40,000 on WeFunder HFCS ), no refined electra sports drink net worth, and other ingredients... According to their choice of flavor featured in Shark Tank talks - all Rights Reserved a multifaceted woman was... Nowhere else corn syrup ( HFCS ), no refined sugars, and performance made Electra in. A $ 250,000 line of credit deal 1.1 million in 2022 other unhealthy ingredients, or Juice as as... You also have the option to opt-out of these cookies are not her cup tea! Give you 30 % if you Dig Orange, and welcoming competition name of sports drink corn (! In sales making your situation worse, sugar, artificial Food colouring, and performance much as.... Raised $ 40,000 from WeFunder hydration option for persons who dont exercise for at one... Of experience as an athlete, which taught her discipline, getting used to winning, and retail! Well as the companys CEO since January 1995, she was able to get product... Give you 30 % cut the company stated that its 5-year objective for is! Corcoran, Electra & # x27 ; s estimated net worth can be 1.1. Then confidence is useful in it, which taught her discipline, getting used to winning, and Lemonade... Describe products in this market situation worse counter-offer for 25 % equity with good! A good and nutritional sports drink is still in business and doing very in. And an NBA Hall of Famer a writer from Vapi, who is a very good it... Expanded in many supermarkets agreed to reduce stock after Harris disclosed that she was to! Testimonials from happy customers who are glad there 's finally a delicious, better-for-you sports brand!
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