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In 2014, The Bouqs Co. co-founder John Tabis walked onto the Shark Tank stage with a plan to ship flowers directly from sustainable farms to people’s doors. The Sharks called it “too ambitious.”
Just a few years later, the company reported $1 million in sales in a single day. Shark Tank investor Mark Cuban said it himself: “the one I regret not doing.”
It’s now known as one of the biggest misses in the show’s history. But investors today have a new opportunity to join The Bouqs Co. as the company expands its national platform.
Here is why Cuban regrets his “no”; why another shark, Robert Herjavec, ended up investing anyway; and why everyday investors are now watching The Bouqs Co. closely.
Solving the $100B flower industry’s biggest problem
Traditional florists rely on a 12-day supply chain that kills 40% to 60% of inventory before it’s even sold. A big reason for this is the amount of middlemen in the supply chain from farm to customer: farmers, importers, wholesalers, order gatherers, etc. After that, it can take up to 2 weeks for a bouquet to reach a customer. That leaves very little time to enjoy your flowers.
Enter The Bouqs Co. They’ve designed a way to bypass the outdated middleman model, cutting the time from farm to home to as little as 1 to 4 days. That’s 3X faster, more efficient flower delivery than the traditional model. They’ve also slashed waste from 60% to less than 2%, the company says.
By shipping 90% of their flowers directly from farm to consumer, The Bouqs Co. says it is solving the industry’s two most costly problems: extreme waste and short vase life. The result? A fast-growing business that is beloved by customers.
More than 270 million stems sold
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