Where Is Quevos From Shark Tank Today?

In popular media, sharks are often depicted as hungry. Although the precise definition of the word is certainly changed on the hit ABC show "Shark Tank," this fact seemingly remains true for the show's crew of wealthy investors. In fact, before these sharks use their capital to help prop up snack food purveyors, they're normally pretty eager to give the product a taste test or two.

One food featured on "Shark Tank" was Pipcorn, a version of microwavable popcorn made from corn with tiny kernels, which when popped created a better-textured snack than its larger-kernelled relatives. Ultimately, Pipcorn earned a sizable investment. When Chirps, a revolutionary snack company that makes chips out of cricket flour, sent co-founder Rose Wang to represent the brand on "Shark Tank," she managed to convince the Sharks that the business was a valuable investment, bringing back $100,000 in the process.

Another snack company that found success on "Shark Tank" was Quevos. Much like the aforementioned food companies, Quevos makes its snack products out of a less common ingredient, something that impressed the eager-for-innovation Sharks at the heart of the series.

Quevos made their pitch on "Shark Tank" Season 12, Episode 11, which aired in early 2021. A video of founding partners Nick Hamburger and Zach Schreier's appearance on "Shark Tank" is available on the CNBC Prime YouTube channel. 

In the pitch, Zach Schreier explained that his personal experience with type-1 diabetes inspired the pair to invent a chip-adjacent snack made from low-carb egg whites. According to UCSF Health, carbohydrates are processed into blood sugar after consumption, which can, in excess, be problematic for people with diabetes. This makes the primarily protein-based egg white a delicious and diabetes-friendly alternative to other snack food ingredients. 

Unfortunately, the innovative snack food drew mixed reactions from the Sharks. Robert Herjavec didn't like the taste, and Mark Cuban was worried that the brand couldn't take off on the back of a single product. However, several sharks took the bait. The pair's original pitch asked for a $200,000 investment, which would come with a 5% stake in the company. Kevin O'Leary offered $200,000 in exchange for a 10-cent royalty on each bag of Quevos sold, though he only wanted 2.5% equity. 

However, Quevos ultimately accepted the offer of Daniel Lubetzky. According to FoodNavigator-USA, Lubetzky is the founder of KIND Snacks. After a back-and-forth negotiation, the Shark and Quevos agreed to a $200,000 investment for 10% of the company, as well as a $200,000 line of credit.

As it turns out, Daniel Lubetzky was making a sharp business decision when he decided to invest in Quevos. In fact, it was only a matter of months before the "Shark Tank" host decided to once again invest in the company, per Food Business News. This time, Lubetzky supercharged Quevos with a $1.35 million cash infusion, which allowed Quevos to expand its staff and increase its retail capabilities. The company's production facility was also massively overhauled — it was tripled in size and filled with new equipment.

Quevos was already finding success before appearing on "Shark Tank." According to Forbes, the company's sales improved by a factor of four between 2019 and 2020. However, after Lubetsky's investment, things really started to take off. Food Business News tells us that Quevos made a whopping $2 million in 2021. You can buy these eggcellent snacks at over 1,500 retail locations. In a 2023 follow-up interview available on the CNBC Prime YouTube channel, Zach Schreier explained that the company's lifetime sales are in excess of $3 million.