Chirps chips are a brand of cricket flour-based snacks that are full of high-quality protein and fiber. It also contains beans, corn, and chia seeds as well as a variety of other ingredients.
|Company Name||Chirps Chips|
|Company Founded by||Laura D’Asaro, Rose Wang, and Meryl Natow|
|Pitch||Chips with cricket powder|
|Asked For||$100,000 for 7%|
|Deal||$100,000 for 15%|
|Chirps Chips Net Worth||$3 million (Last Updated 2022)|
Chirps Chips Net Worth
When Chirps Chips appeared on Shark Tank, it was valued at $1.4 million. As of 2022, Chirps Chips has a net worth of $3 million dollars.
Chirps Chips Overview
Basically, Chirps Chips is the name of a company that sells products which contain a cricket-based powder.
The powder can be found in its tortilla style chips, for example, in combination with grains and soy. There are several benefits to using the products, including that they are gluten free, as well as being an excellent source of prebiotics, amino acids, and fiber (according to the Chirps website). Compared to conventional potato chips, chirps are three times as protein-rich.
Chirps Chips Founders
Rose, Meryl, and Laura are three friends who created the brand together. Based on their own experiences, all of them learned how tasty and valuable alternative foods are. Among them, one devoured a scorpion in China while the other devoured a caterpillar in Tanzania. To offer a healthier alternative to snacking in the US, they teamed up.
Chirps Chips Pitch on Shark Tank
During their appearance on Shark Tank, Rose and Laura asked investors to invest $100,000 in return for 7% of Chirps Chips. As it turned out, the sharks enjoyed the chips a lot, and Mark Cuban made an offer in exchange for a 20% stake in the company. The ladies countered with a 15% offer, which Mark accepted.
Chirps Chips Shark Tank Deal
Chirps Chips got $100,000 from Mark Cuban for 15% equity.
Chirps Chips’ Current State
As it turns out, eating crickets is not that bad after all! The Chirps website offers many different products that you can purchase today. Among the brand’s additions are:
- Cookie mixes
They have a Facebook page for their business which shows a 5-star rating for almost every product they offer. A number of popular retailers carry Chirps Chips, including supermarkets and museums. In fact, there is a book written by the founders for kids called ‘Project Startup’, which is available from Amazon.