Mark Cuban invests in nutritional bars made with crickets

Mark_Cuban
Billionaire investor and entrepreneur Mark Cuban has invested in a sustainable food startup that did a pitch on the TV show “Shark Tank.” The food startup makes nutritional bars that are made with crickets. Chapul believes that crickets are optimal protein.

 

Chapul founder Pat Crowley sought $50,000 for a 5% stake in the business. The investors in the show backed out except for Mark Cuban and Rob Herjavec.

Herjavec offered $50,000 for 20% equity and then Cuban jumped in and asked for 10% for $50,000. Chapul Flour may sell its flour at three times what it costs to make.

[Source: BI]

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