Soy Yer-Dough Before Shark Tank
Sawyer Sparks was just a college freshman when he came up with the idea for Soy-Yer-Dough. Sawyer Sparks lives in Bloomfield, Indiana and was twenty two years old at the time that he invented Soy-Yer-Doug, which is soy-based playdough for children.
In his first year as a student, his favorite professor and her five year old child mentioned that they were allergic to wheat and wheat products. Because of this reason, the professor’s child could not play with traditional playdough, because they all contain wheat. For this reason, Sawyer Sparks decided to create a soy-based playdough, and called it Soy-Yer-Dough.
Sawyer Sparks states that they have been creating Soy-Yer-Dough in his mother’s kitchen, with the help of his mother and his girlfriend. They kneed, mix and heat up their own playdough, and do this every day. Sawyer Sparks also states that he did not create Soy-Yer-Dough just to make money, but also help the community that he grew up in.
Sawyer Sparks really wants to expand his business and open up a Soy-Yer-Dough factory in Bloomfield, Indiana and provide his community with jobs. In order to be able to do this, he needs a hefty investment from the Sharks.
Soy-Yer-Dough During Shark Tank
“Sawyer Sparks walks confidently and stands in front of the Sharks”
Sawyer Sparks starts his presentation by introducing himself to the Sharks, telling them that he is the creator of Soy-Yer-Dough, which is wheat-based modeling clay. He states that he is looking for an investment of one hundred and twenty five thousand dollars, in exchange for a twenty five percent stake in his company.
Sawyer Sparks continues his presentation by stating that traditional modeling clay is wheat-based, which means that children with a wheat allergy are completely left out. Sawyer Sparks states that for this reason, he decided to create Soy-Yer-Dough, which is the first and only patented modeling clay that is gluten-free, non-toxic and fun-scented.
“Sawyer Sparks gives examples of Soy-Yer-Dough to the Sharks”
“The Sharks examine the Soy-Yer-Dough and smell the clay”
“Kevin Harrington asks Sawyer Sparks what percentage of the children population have a wheat allergy, making it unable for them to play with traditional modeling clay”
Sawyer Sparks answers the question by saying that one in eight children have some form of wheat allergy. Soy-Yer-Dough’s biggest competitor sells ninety six million containers of traditional modeling clay, which means that one eighth of that is about twelve million containers a year. This means that there is a huge market for Soy-Yer-Dough. ‘
“Daymond John asks Sawyer Sparks how many containers he has already sold”
Sawyer Sparks answers the question by saying that they have sold eight thousand containers in a couple of months, and a week ago, they received a huge order for eleven thousand containers of Soy-Yer-Dough.
“Barbara Corcoran asks Sawyer Sparks how he started selling the first eight thousand containers of Soy-Yer-Dough”
Sawyer Sparks answers the question by saying that he has sold those containers on their online web shop.
“Kevin Harrington asks Sawyer Sparks if there is a patent on Soy-Yer-Dough”
Sawyer Sparks answers the question by saying that he has a patent on his own name, which is a provisional patent.
“Daymond John asks Sawyer Sparks where he is manufacturing Soy Yer-Dough”
Sawyer Sparks answers the question by saying that he is manufacturing Soy-Yer-Dough in his kitchen at home. Sawyer, his mother and his girlfriend are a team, and they just cook the clay in their own kitchen and put it in containers. They can only create twelve containers of Soy-Yer-Dough in ten minutes.
“Daymond John asks Sawyer Sparks if he approached any inventory makers or tried to license Soy-Yer-Dough to Playdough”
Sawyer Sparks answers the question by saying that he has been contacted by Playdough, and they showed interest in purchasing Soy-Yer-Dough.
“The Sharks ask Sawyer Sparks what Playdough had to say about Soy Yer-Dough”
Sawyer Sparks answers the question by saying that Playdough is very interested in purchasing Soy Yer-Dough, that they really want it and that they have been negotiating ever since, due to the fact that Playdough also wants to purchase the patent.
“Kevin O’Leary states that the largest player in modeling clay has contacted Sawyer Sparks, showing interest in purchasing Soy Yer-Dough”
“Sawyer Sparks states that Playdough has contacted him multiple times”
“Robert Herjavec asks Sawyer Sparks where the negotiation is at this point”
Sawyer Sparks states that at this point, he wants to create jobs for his community.
“Kevin O’Leary interrupts Sawyer Sparks and asks him why he would wait when the biggest player in the modeling clay industry wants to purchase Soy Yer-Dough”
Sawyer Sparks states that he feels that if Playdough purchases the Soy Yer-Dough patent from him, he would never see it again.
“Kevin O’Leary asks Sawyer Sparks how much Playdough is offering for Soy Yer-Dough”
Sawyer Sparks answers the question by saying that Playdough has been negotiating a price so far, and have been making offers through his lawyers. The highest price that Playdough offered is around five hundred thousand dollars. He continues by saying that he does not want to accept the offer, because he feels like he would be able to sell twelve million containers of Soy Yer-Dough in a year or two.
“Robert Herjavec asks Sawyer Sparks if he is a wealthy guy”
Sawyer Sparks answers the question by saying no, and that the offer of five hundred thousand dollars did tempt his parents and girlfriend, but not so much himself.
“Barbara Corcoran asks Sawyer Sparks what motivates him”
Sawyer Sparks answers the question by saying that his motivation is to create jobs and to make sure that there is enough product for one eighth of the children that are allergic to traditional modeling clay.
“Kevin O’Leary asks Sawyer Sparks if his patent excludes Playdough from also developing and making soybean-based modeling clay”
Sawyer Sparks answers the question by saying that his patent on Soy Yer-Dough is bulletproof and that Playdough will not be able to develop soybean-based modeling clay.
“Kevin O’Leary compliments Sawyer Sparks and states that he has rarely seen an opportunity like this on the licensing front”
Kevin O’Leary states that he has good news for Sawyer Sparks and states that his whole career is based on licensing properties. Kevin O’Leary states that he has done it hundreds of times and offers a hundred and twenty five thousand dollars, in exchange for fifty one percent of Soy Yer-Dough’s patent.
Kevin O’Leary states that his offer is there so that he can take Sawyer Sparks out of the equation, and make sure that Playdough offers a better deal to purchase Soy Yer-Dough. He also states that Sawyer Sparks will be getting a much better offer from Playdough, if he partners up with him.
Daymond John states that he is going to be Sawyer Spark’s advocate right now and states that he knows about licensing, but not as much as Kevin O’Leary. Daymond John continues by saying that Kevin O’Leary is giving Sawyer Spark an incredible deal, and he considers this as a YOLO moment, which means You Only Live Once. To make sure that Daymond John will not compete, he states that he will not make an offer and that he is out.
Kevin Harrington states that he will get rid of the clutter. He states that a specialist in licensing like Kevin O’Leary is a good partner to have. Kevin Harrington states that for that reason, he doesn’t want to make an offer and that he is out as well.
Barbara Corcoran states that Kevin O’Leary is the natural partner for Sawyer Sparks, and that she doesn’t even like the guy. For Barbara Corcoran to endorse Kevin O’Leary is even shocking for herself. Barbara Corcoran states that she is out.
“Robert Herjavec asks Sawyer Sparks what he wants to do with the investment”
Sawyer Sparks answers the question by saying that he wants to build a facility in his community, in order to be able to create more Soy-Yer-Dough in less time.
“Kevin O’Leary interrupts Sawyer Sparks again and states that he has been rich and he has been poor, and being rich is much better”
Kevin O’Leary states that he wants to make Sawyer Sparks rich as well, and that he will have many opportunities to create jobs for his community.
“Kevin O’Leary asks Sawyer Sparks how much he loves money”
Sawyer Sparks answers the question by saying that he is just a college student, and that he probably does not love money as much as Kevin O’Leary does. The only thing that he really needs money for is to buy beer.
“The Sharks start laughing out loud”
Kevin O’Leary states that it is in his blood what Sawyer Sparks is doing right now. There is no better person to partner up than Kevin O’Leary, when it comes to licensing products.
“Kevin O’Leary asks Sawyer Sparks if they are going to be in business or not”
Sawyer Sparks answers the question by saying that he loves Kevin O’Leary’s offer and that he definitely needs help with Soy-Yer-Dough, but not for fifty one percent.
“Sawyer Sparks asks Kevin O’Leary if he could a hundred and twenty five thousand dollars, in exchange for a forty percent stake in Soy-Yer-Dough”
Kevin O’Leary states that there is a problem and the reason that he needs fifty one percent is to show other parties who he will negotiate with, that he has the ability to close a deal. Kevin O’Leary also states that he will do everything in his power to get Sawyer Sparks a much better deal than he already has, and also create jobs for his community.
Robert Herjavec states that he almost started believing Kevin O’Leary’s speech, but it is really nothing else but greed. Robert Herjavec states that he makes an offer of one hundred and twenty five thousand dollars, in exchange for forty percent of Soy-Yer-Dough.
“Sawyer Sparks is hesitating between Kevin O’Leary and Robert Herjavec’s offer. He asks what Robert Herjavec is going to do for Soy-Yer-Dough”
Robert Herjavec states that he is going to do the best to his ability to get a higher offer from Playdough, and in the meanwhile, he will focus on licensing Soy-Yer-Dough.
Daymond John decides to offer a deal again, after which Kevin O’Leary and Robert Herjavec decide that they should all work together.
Daymond John, Robert Herjavec and Kevin O’Leary all offer one hundred thousand dollars each, in exchange for a fifty one percent stake in Soy-Yer-Dough. Sawyer Sparks accepts the offer and tells the Sharks that they are going to make a lot of dough.
At the end interview, Sawyer Sparks states that it is a great deal for his community and that he is very happy that he was able to get an investment from the Sharks.
Soy Yer-Dough Now in 2018 – After Shark Tank Update
Sawyer Sparks had already set up his own business in his mother’s kitchen, creating and selling Soy-Yer-Dough, which is wheat-based modeling clay. He already sold eight thousand containers of Soy-Yer-Dough, and recently received an order for eleven thousand containers.
Sawyer Sparks was looking for an investment from the Sharks, in order to be able to expand his business, construct a facility and provide jobs for his community. Providing jobs for his community was perhaps the most important aspect for him. Sawyer Sparks was able to get an investment from Daymond John, Kevin O’Leary and Robert Herjavec, and received three hundred thousand dollars, in exchange for a fifty one percent stake in Soy Yer-Dough.
There is no mention of Soy Yer-Dough being the best or worst on Shark Tank, even though Sawyer Sparks was able to get almost two hundred thousand dollars more than he initially asked for when he joined Shark Tank.
You can find more information and purchase Soy Yer-Dough at the website called www.soy-yer.com. There are a couple of different packages you can purchase, but they all contain differently colored Soy-Yer-Dough. There is the Shark Tank Special, which is a variety pack and has an extra four containers for free. The Shark Tank Special costs $17,95. Other packages start at $7,50 and go up till $29,95. You can also purchase a single five ounce container for $1,95. You can also read up about what kind of colors are available, what fruit they smell like and what they are made off.
Reviews about Soy Yer-Dough range from very positive to very negative. A lot of people complain about the modeling clay being sticky and feeling unpleasant to touch. Other people really like the fact that the modeling clay is so cheap, comes in a variety of colors and have very pleasant fruity smells to them. People on Amazon recommend that you do not purchase Soy-Yer-Dough containers on Amazon itself, but rather go to the Soy-Yer-Dough website and purchase the modeling clay directly from there.
So what happened? Did Hasbro ever licensed this patent? Did Mr. Wonderful fulfilled his promise to top the 500k from the previous offer?