- Entrepreneur: Elena Petzold
- Business: Fashionable apparel for breastfeeding moms
- Ask: $200,000 for 20% equity
- Result: No Deal
- Shark: None
What Is Mama’s Milk Box?
Mama’s MilkBox was a subscription service that provided gently used maternity gear. Elena produces a box full of breastfeeding shirts and outfits depending on the mother’s style picked after expectant women fill out a form on the internet, including payment information.
“Top quality breastfeeding clothes to parents who want to look beautiful, feel well, and comfortably nurse or pump breastmilk for their newborns,” according to its website. Moms may build a style profile, protect their membership, mix and match the gear offered, and return any items they don’t want in four simple steps.
It comes with beautiful nursing blouses and dresses and costs $29 each package. “Help Moms feel good about themselves while they are on their breastfeeding adventure,” their website states. Elena Petzold is also the owner of Maternity Girl, LLC, a Pittsburgh-based maternity apparel company.
Pietragallo Gordon Alfano Bosick & Raspanti LLP also employs Petzold as its chief marketing officer. When she’s not vending at flea markets or trunk shows, Elena is working on a new bracelet company called Bucky and Bling.
Who Is the Founder of Mama’s Milk Box?
What Happened at The Shark Tank Pitch to Mama’s Milk Box?
Elena Petzold appeared on Shark Tank Season 8 Episode 13 in pursuit of a $200,000 investment and a 20% stake in her firm. This signifies that the property is worth $1 million. She faced the Sharks and identified herself as a Pittsburgh native. Mama’s Milk Box was said to have been invented by her.
She displays the costume on a baby doll while talking about the subscription service. Robert is worried as he tries to figure out what’s going on. Elena, according to Lori, requires the skills of a capable accountant.
Kevin tries to get an explanation of the company’s strategy, but Elena keeps talking over him. Barbara wanted to know how much money she had made. Elena said that her side business brought in $83,000 in revenue. She claimed that sales this year had already exceeded expectations and that by the end of the month, they will have topped $100,000.
Kevin thinks she’ll go out of business as a result of her unsustainable business model, while Mark thinks she’s a bit of a jerk. She keeps answering the Sharks’ questions in a muddled, haphazard manner. Mark Cuban – informs Elena that she is falling more behind because she is unsure of the current financial situation. He has left the building.
Elena is continuously interfering with Kevin O’Leary’s attempts to quiz her about the inventory challenge. Kevin warns her that she will go out of business if she grows. She needs to get the process moving faster. Her failure to handle her funds has resulted in her losing money. He has left the building.
No one could question her joy, according to Robert, since it was out of this world. He said that the numbers she supplied didn’t add up. Robert got up and left the room. Barbara Corcoran – advises her that her enthusiasm will work against her and that she has to relax and take a big breath.
Barbara argues that assessing whether or not her company is profitable is challenging. She’s been kicked out due to a lot of miscommunication. Lori noted that a tiny part of operating a business is having enthusiasm. She expected the subscription model to be very difficult to adopt and that it would not work for her. Lori indicated that she needed a lot of help but couldn’t supply it, so she left.
Elena walked out of the room without a deal.
After the Shark Tank Pitch, Mama’s Milk Box?
Soon after Shark Tank aired, Kevin’s prediction came true. On November 28, 2017, Elena shared the good news on Facebook. She is now a marketing consultant in Pittsburgh, according to her LinkedIn page, where she is working on a new bracelet brand called Bucky and Bling.
Mama’s Milk Box Net Worth:
Elena Petzold appeared on Shark Tank in search of a $200,000 investment in exchange for a 20% ownership in the company. This signifies that the property is worth $1 million. Since the business has been closed, the current net value is unavailable.