Wednesday, July 6, 2022

    Potato Parcel Net Worth in 2022: Owner, History, and Other Facts

    Potato Parcel sends messages to friends and family on a spud. You will receive a one-of-a-kind message delivered in this manner that will make you laugh.

    The company guarantees some laughs and fun with each message sent out through the company. Alex Craig is a native of Texas, and he attended the University of North Texas. Before quitting his job, he used to make mobile apps to start his potato messaging company, which has been an enormous success. Alex Craig said he was inspired to start the company after seeing a Reddit post about someone mailing a potato with stamps. He stated that he thought he could expand on the idea and was inspired by the 2 million views on the potato post on Reddit.

    Facts about Potato Parcel:

    Full NamePotato Parcel
    Founded on2015
    Based atDallas, Texas
    Nick NameNot found
    ReligionNot found
    NationalityAmerican company
    EducationNot found
    HoroscopeNot found
    Father’s NameNot found
    Mother’s NameNot found
    SiblingsNot found
    AgeNot found
    HeightNot found
    WeightNot found
    BuildNot found
    ProfessionNot found
    Marital StatusNot found
    Wife/Husband/Boyfriend/Girlfriend (Name)Not found
    KidsNot found
    Net Worth$7 million

    Potato Parcel’s Net Worth:

    Since its appearance on Shark Tank, Potato Parcel has inspired numerous imitations. Kevin regards this transaction as one of the best he has ever made.

    Over 70,000 parcels have been sold. As of early 2020, their net worth exceeds $7 million in sales. It is now possible to send a brick or an eggplant through the mail using various services.

    Potato Parcel History

    Potato Parcel was founded in May 2015 by 24-year-old University of North Texas alumnus Alex Craig, a mobile app developer, and was later promoted on Reddit. It was based in Dallas, Texas, and Craig stated that he would purchase the potatoes from his neighborhood Walmart. Profits per month were reported to range between $10,000 and $13,000. Potato Parcel became popular on social media sites such as Twitter. Craig told MarketWatch’s Kathleen Burke via email, “I wanted to create a brand new way of sending a message outside of apps and technology by allowing anyone to send an anonymous message…on a potato.” 

    Potato Parcel was sold to Bay Area entrepreneur Riad Bekhit for $40,000 in October 2015 and relocated to San Bruno, California. Bekhit claims to use a Pilot G2 gel roller pen to write messages. New products since the move include Lump of Coal Potato (a black-sprayed potato), Potato Pal (a potato with a picture of someone’s face), and Potato Postcard (a postcard pasted onto a potato), and Spooky Tater (a potato painted to look like a pumpkin). Shipping is also available in a burlap sack. In April 2016, Bekhit stated that monthly profits ranged between $20,000 and $25,000. Shipping to Australia, Canada, Europe, and the United Kingdom has been expanded by Potato Parcel.

    Potato Parcel’s journey

    Potato Parcel influenced several other delivery services. Another company with the same name, based in Australia, delivers for $10 with a message of 15 words or less. Potato Parcel also inspired Brick or Potato, a £6.99 product that allows customers to choose between brick or a potato with a personalized message. Potato Messenger, founded by two art students, Will Richards and Daniel Butson, mailed 1,000 potatoes to Parliament House in Canberra, painted and arranged as the rainbow flag to protest marriage equality in Australia. It also inspired Bananas Gone Wild, founded by Plano, Texas-based electrocardiogram technician Davonte Wilson, and Nannergram, founded by Konnor Willison and based in Lehi, Utah, which delivers bananas with personalized messages. Eggplant Mail is another service that provides eggplants.

    Potato Parcel Background

    Alex Craig, a native of Dallas, Texas, founded the unusual Potato Parcel company.

    He made a fortune by sending out potatoes with messages or pictures. He attended the University of North Texas and developed mobile apps before becoming wealthy by mailing potatoes with messages or faces. The Potato Parcel was eventually sold to entrepreneur Riad Bekhit. Before Shark Tank, there was a potato parcel.

    Potato Parcel might not have existed if it hadn’t been for Reddit. Craig was surfing the web when he came across a five-million-view potato post. The trendy potato was mailed with postal stamps, and Craig believed that a simple potato sent in the mail could be turned into a profitable business.

    Potato Parcel might not have existed if it hadn’t been for Reddit. Craig believed that if he could capture the attention of millions of people, a simple potato sent in the mail could be transformed into a profitable business model. The plan worked. Craig created Potato Parcel in two days and profited $2000. Potato Parcel’s popularity grew even more. The company recovered its investment in a matter of months. With a monthly profit of nearly $20,000, Potato Parcel donated one potato to a food bank for every potato sold.

    Potato Parcel’s Shark Tank Pitch

    Riad and Alex approach Shark Tank in search of a $50,000 investment in exchange for a 10% stake in Potato Parcel. They make their pitch and hand out samples. Mr. Wonderful’s potato, which has a shark image, is the only exception, and he claims it is not proprietary in any way. Potatoes are prepared for various holidays, such as sweet potatoes for Valentine’s Day.

    The Sharks believe the guys are joking until they see the sales figures. Since its inception, the company has sold over 12,000 units. The statistics are impressive. They’ve made $213,000, which they’re putting back into the business. Riad owns the company, which he purchased from Alex for $42,000. Alex is paid $1 per potato for the next 60 days following Shark Tank. Robert likes it, but the price is prohibitively high, so he declines. Daymond is leaving because he believes they went too far with the humor. Lori is not far behind.

    Mark isn’t convinced they’re crazy, but he still goes out. The word “royalty” startled Mr. Wonderful awake. He offers $50,000 in exchange for 10% of Alex’s royalties and half of his royalties for 60 days, after which he demands $1 per potato until he recoups $150,000. Robert offers $50,000 for a 25% stake, and the boys counter with a 17.5 percent stake. Kevin pursues some back and forth because Robert refuses to leave.


    Is it true that Potato Parcel got a deal on Shark Tank?

    Riad owns the company, which he purchased from Alex for $42,000. Alex receives a $1 royalty per potato for the next 60 days following Shark Tank.

    What is the current state of Potato Parcel?

    Since its appearance on Shark Tank, Potato Parcel has inspired numerous imitations, and Kevin regards this transaction as one of the best he has ever made. As of early 2020, they had sold over 70,000 parcels and made over $7 million in sales.

    Is it safe to eat Potato Parcel?

    No. It is not advised to consume these potatoes because they contain ink and can pick up bacteria during the shipping process.

    What does it mean when you receive a potato?

    Sending a potato with a personal message to someone you care about


    Swetha Sivakumar
    Swetha Sivakumar
    I am Swetha Sivakumar an Engineer who is obsessed with writing and keeping myself updated with latest and fun news to turn it into an article.

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