The Basics Company: Grease Bags Owner: LaTangela Newsome Product: Compostable bags for disposing of kitchen grease Asking Price: $75,000 for 25% equity Final Deal: $75,000 for 50% equity Shark Who Took The Bait: Barbara Corcoran (aka Barb Shark) Season/Episode: Season 8, Episode 13 Grease Bags Before Shark Tank LaTangela Newsome – a sassy, sharp-dressed entrepreneur from Allen, Texas – auditioned for Shark Tank on a spontaneous impulse, after she heard that Shark Tank was doing a casting call near her town. At the time of her audition, she hadn’t sold any of her Grease Bags (compostable bags for disposing of kitchen grease), but she had confidence and drive. “I wasn’t ready [for the show], but I was like, ‘If I don’t make it, I’ll try…
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