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#80 From turning down Shark Tank offers to raising $2.7 million for Nopalera with Sandra Velasquez

EPISODE · Feb 21, 2023 · 1H

#80 From turning down Shark Tank offers to raising $2.7 million for Nopalera with Sandra Velasquez

from The Startup CPG Podcast · host Startup CPG

I love that I get to bring you more Shark Tank content so soon, and with one of my favorite people. Today’s guest is Sandra Velasquez, the CEO & Founder of Nopalera, and a very early member of the Startup CPG community. Nopalera creates Mexican botanicals for bath & body, and as you’ll hear, have become a staple in my life. Sandra appeared on Shark Tank last month during Season 14, Episode 12, and I’m so glad she agreed to come on the show and share the details with us. You don’t need to pre-watch the episode to enjoy the conversation, but I definitely recommend tuning in to watch Sandra’s incredible pitch and how she gracefully received and ultimately turned down two offers from the Sharks. Nopalera also recently closed a fundraising round of $2.7 million unrelated to Shark Tank!Listen in as Sandra shares about:The process of applying to Shark Tank and preparing to air from the opening pitch to outfit vettingHow eerily quiet the time in the Tank isSandra’s affirmations and prep going into the TankHow her team prepped for consumer demand and the real numbers from Amazon and their website after airing (Sandra really gives us the nitty gritty details and I love it!)The process of raising $2.7 million including valuation work and legal fees to expectHow Sandra developed a fundraising network from scratchWhat’s next at NopaleraAnd more!You also may notice our intro music is a little different, I wanted to feature a song from Sandra’s band, Pistolera - this is "Nuevos Ojos", which was featured in Season 4, Episode 12 of the show Breaking Bad.Episode Links:Nopalera website & IG/TicTok handle @nopalera.coSandra’s LinkedInThe Nopalera PodcastLink to Season 14, Episode 12 of Shark TankMitú article: "Why Nopalera CEO Sandra Velasquez Chose To Decline Two ‘Shark Tank’ Deals"Other Startup CPG Shark Tank episodes: #77 Making a deal on Shark Tank with wildwonder's Rosa Li, #57 Shark Tank, Sea Moss, and an Ocean of Potential with Alexiou GibsonBrand mentions: Luna Magic, Liquid DeathShow Links:Join the Startup CPG Slack community (10K+ members and growing!)Follow @startupcpgVisit host Jessi's Linkedin or websiteQuestions or comments about the episode? Email Jessi at [email protected]

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#80 From turning down Shark Tank offers to raising $2.7 million for Nopalera with Sandra Velasquez

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