Imagine you’ve just enjoyed a delicious large pizza, but now you’re left with a few slices and nowhere to store them without making a mess. Regular pizza boxes are bulky, take up a lot of fridge space, and can leave your pizza slices stale or dry when you try to eat them later.
Tate Koenig, who loves pizza just like many of us, saw this problem and decided to create a solution. He invented Pizza Pack, a unique container designed specifically for storing leftover pizza. This container is not only shaped like a pizza for fun, but it’s also collapsible, meaning it can be easily stored when not in use. It’s made from safe, food-grade silicone, which keeps your pizza fresh and protects it from drying out. Plus, it comes with dividers so you can reheat your slices without them sticking together.
Tate showcased his invention on Shark Tank, a popular TV show where entrepreneurs pitch their ideas to investors. He was looking for $100,000 in exchange for 10% ownership of his company. The investors, known as Sharks, were impressed with his idea. After some back-and-forth discussions, Tate ended up making a deal with investor Lori Greiner for $100,000 but for 13% of his business instead. This means Lori got a slightly bigger share of the company in exchange for her investment.
Pizza Pack Net Worth Shark Tank Update 2025
Tate was looking for an investment of $100k in exchange for 10% equity in the company. At the time of the episode, he valued his company at $1 million. Tate successfully secured a deal with Lori for an investment of $100k for 13% equity in the company. The investment adjusted the company’s net worth to around $769k. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Pizza Pack in 2025 is around $1 million.
Shark(s) name
$1.5M to buy the entire company
Counteroffer
Accepted?
Robert Herjavec
Out
N/A
N/A
Lori Greiner
$100,000 for 20% equity$100,000 for 15% equity100,000 for 13% equity
N/A
Yes
Kevin O’Leary
$100,000 for 10% equity + $2 royalty until 100k paid back, then dropped to 50 cents perpetuity
N/A
No
Daymond John
$100,000 for 25% equity$100,000 for 20% equity
N/A
No
Mark Cuban
$5M for the entire company
$5M for entire company
No
Barbara Corcoran
Out
N/A
N/A
Tate Koenig Backstory + Their Initial Pitch
Tate Koenig is an entrepreneur who has appeared on the show Shark Tank. He first showcased a product called the Cheese Chopper in Season 12, but things didn’t go well for him at that time because the product was only in the pre-order phase.
Now, he has returned with a new product called the Pizza Pack, which aims to tackle a common issue: the way pizza leftovers are stored. Traditional pizza boxes take up a lot of space and often lead to the pizza getting stale. Tate’s Pizza Pack aims to provide a better solution for this problem. Starting his food storage business wasn’t easy. Tate encountered several obstacles.
He had difficulty finding suitable materials, specifically BPA-free silicone, which is safe for food. There were already many cheap plastic containers available in the market. As soon as he launched his product, other companies started creating knockoffs of it.
Despite these challenges, Tate successfully launched the Pizza Pack in April 2022 and achieved impressive sales of $250,000 within just a few months.
During his pitch on Shark Tank, Tate shared the following information. It costs him $4 to make each Pizza Pack, which he sells for $24.99.
He has earned $250,000 since launching the product. He expects to make a profit of around $60,000 based on his current sales. The Pizza Pack is available for purchase on Amazon, Walmart, and its own website.
Tate was looking for $100,000 in exchange for 10% ownership in his business to help him expand into national pizza chains and increase his inventory.
Queries + Shark’s Responses, and Final Deal
In a pitch on the show Shark Tank, a presenter (referred to as Tate) introduced a product, and the investors, known as “Sharks,” gave their feedback and made offers. Here’s a breakdown:
Barbara Corcoran was not convinced. She felt traditional pizza boxes were sufficient and decided not to invest.
Robert Herjavec also declined to invest, stating he prefers companies with a broader range of products instead of just one.
Kevin O’Leary known as Mr. Wonderful, offered Tate $100,000 for a 10% ownership stake in the company, plus a $2 fee for each unit sold until he recouped his initial investment. After that, he would take a smaller ongoing fee of $0.50 per unit. He liked the product’s sales potential and aimed for long-term financial gain.
Mark Cuban made a strong offer of $1.5 million to purchase the entire company. Tate, however, wanted $5 million instead, so no agreement was reached.
Daymond John initially offered $100,000 for a 20% stake in the company but later increased his offer to 25%. Tate felt this was too high and did not accept the offer.
Lori Greiner expressed enthusiasm for the product, calling it a “hero product.” She started with an offer of $100,000 for 15% ownership, then lowered it to 13% equity, which Tate accepted.
Product Availability
Pizza Pack is a convenient way to store and transport pizza, and you can easily purchase it both online and in physical stores. You can get Pizza Pack from their official website or popular online retailers like Amazon and Walmart. It typically costs $24.99, but you might find it on sale for less at times. It can be folded down to save space when not in use.
Keeps pizza fresh for longer periods. Allows you to heat just one slice without warming the whole pizza. Easy to clean and good for the environment.
In addition, the brand also offers a product called The Cheese Chopper and various pizza-themed merchandise.
What Happened To The Pizza Pack After Shark Tank?
Lori Greiner, a well-known investor and entrepreneur, successfully struck a deal with the company behind Pizza Pack. As a result, sales for Pizza Pack surged dramatically. Shortly after the deal was featured on a show, Pizza Pack sold 22,000 units in a short period, indicating strong demand for the product.
The brand received coverage in several popular media outlets, like Food Republic and Looper, which helped raise awareness and attract more customers. Pizza Pack expanded its reach by selling through major retailers like Amazon and Walmart, making it easier for customers to find and purchase the product. The company is doing very well financially, earning $600,000 per year just from sales on Amazon.
As of today, Pizza Pack is still experiencing growth and is planning to team up with pizza chains, which could further increase their sales and visibility in the market.
Conclusion
Pizza Pack had a successful experience on the show Shark Tank. The founder, Tate Koenig, improved his approach after his first presentation and ultimately got a deal of $100,000 from Lori Greiner, which helped the brand grow.
Now, Pizza Pack is popular among pizza fans. It offers a practical solution to a common issue: how to keep leftover pizza fresh without taking up too much space in the fridge.
If you dislike having soggy or dried-out pizza, Pizza Pack is a great option for you. You can find it on Amazon or their official website!
Hey, I’m Amna Habib, an undergraduate student pursuing a Bachelor’s in Business Administration. Shark Tank has always been one of my favorite TV shows because it offers a unique glimpse into the world of entrepreneurship. The way entrepreneurs present innovative solutions to everyday problems aligns with my academic interests and fuels my curiosity about business strategies. Each pitch showcases creativity and strategic decision-making, which I find both insightful and inspiring. Watching the show has deepened my passion for business and motivated me to explore the world of entrepreneurship even further. Beyond business and writing, I love food, shopping, and spending time with my friends and family.
