Kombucha biz a success on Shark Tank
Kate Field, owner/CEO of The Kombucha Shop in Madison, struck a deal on ABC’s Shark Tank program that aired Sunday night.
Field’s company has been selling Kombucha kits online for the past five years and was looking for financial support to scale the business. The kits allow fans of the probiotic beverage to brew inexpensively at home.
Two sharks, Barbara Corcoran and Sara Blakely, offered Field $200,000 plus a $150,000 line of credit. Even better, Field lost only 10 percent of her company as a result.