It's fire, it's nutritious, and it's delicious. Josh and Manny Lubin appeared on Shark Tank in March 2016 in a bid to sell a 10% stake in their company for $400,000. and we're lactose free. These drinks are a really good option to have after a workout or as an afternoon pick me up. We dont think they necessarily have to be mutually exclusive., Commenting on what lessons can be taken for budding entrepreneurs, Lubin said there isnt a one-size-fits-all approach when it comes to building an emerging consumer brand, but noted how important it is to surround yourself with people that you can learn from, and hire folks you genuinely enjoy working with., As for Shark Tank, he added, we had to learn from it and move on, just like ever other aspect of the business. Unlike regular chocolate milk, Slate milk is lactose-free, has 20g of protein, 0 grams of sugar and contains vitamins and electrolytes. Putting the product in a can and using steam to sterilize it would also stretch its shelf life. Those prototype products never made it to the shelves, according to Lubin. It's available in chocolate, dark chocolate and espresso chocolate, the latter of which has 150mg of caffeine (equivalent to two shots of espresso). Slate quantified their plans for growth by asking the investors for $400,000 by giving up 10% stake in their company. Slates co founders explained that one of their VPs was a very prominent business person in the restaurant industry and therefore they were going to utilize him for leads. Net Carbs are 10% of calories per serving, at 12g per serving. They were seeking for $400,000 for a 10% stake in the business. Additionally, it does not need to be refrigerated to keep its shelf life. All three flavors are made with skim milk, cane sugar, cocoa and monk fruit, the latter of which is added for extra sweetness. Is there untapped demand for chocolate milk in a can? This beverage is also high in protein and healthy fats, making it an excellent choice for those looking for a nutritious beverage. She hoped to land a deal with the sharks for $100,000 in exchange for 10% equity. This milk substitute contains half the sugar of regular chocolate milk and half the protein. Follow him on Twitter @ScottKirsner. That said, the Sharks feedback during the episode which aired almost a year after it was filmed, by which time the formulation had changed considerably drove Lubin and Belinsky to work even harder to get the sweetening and flavoring system right. Ultrafiltration Technology removes fat, sugar, and lactose from milk. Lactose can make people feel off or slow, Lubin says. Entrepreneurs to watch There is no caffeine in slate chocolate milk. They obtain their milk from thirty family-owned dairy farms located throughout the United States. Currently, Slate is available at 5,000 retail locations, including Wegmans, Market Basket, and Harris Teeter. You may opt-out by. In 1873, they opened their operation at Chippenham, Wiltshire. There is less sugar in this product than regular chocolate milk, it is lactose free, and it contains a lot of protein. To fuel that continued growth momentum, Slate has just closed $3.3 million, an extended seed round following its earlier $1.7 million fundraise in late 2020, putting the companys total funding to around $6 million to-date. Slate Chocolate Milk FAQs What is Slate Chocolate Milk? Additionally, slate chocolate milk is flavored with natural chocolate, while fairlife is flavored with artificial chocolate. Sugar reduction They have 3 flavors that taste just like chocolate milk but are healthier on your body. Slate, which sources dairy from family-owned farms in New York, is currently available in three different varieties: classic chocolate and dark chocolate milk, in addition to an espresso chocolate milk boosted with 150mg of caffeine per can. The company raised $1.7 million in seed funding in February 2021, which allowed them to expand their distribution to over 3,000 locations, including Giant, Giant Martins, Hannaford, Bristol Farms, Central Market, and Publix. Slate pivots itself as a sustainable brand as its products are packaged in 100% recyclable aluminum [+] cans. The net worth of Josh Belinski is not available. But it hasnt all been plain-sailing, added Lubin, who observes that the brands appearance on Shark Tank last year did not go entirely as planned (spoiler alert: Mark Cuban was not a fan). A second thing you should do is ensure that you have enough drinking water. Boston-based startup Slate has closed $3.3 million in an extended seed round to expand its chocolate [+] milk business. Soup-To-Nuts Podcast: How will the CPG space change in the next 10 years? Slate is where its at! The company recently launched a flavored line in the US and is planning to expand into other markets in the future. Nope! Viewsport Shark Tank Update. For nutritional information, use the side panel. I'm a huge fan of Shark Tank and was really excited to learn that Slate Milk was on it (I need to go back and watch it!). Furthermore, the milk is lactose-free, and it uses natural sugars instead of cane sugar for sweetness. Hi! Get the full list, Morningstar Institutional Equity Research. So they started interviewing fellow millennials as well as older adults about why they didnt drink chocolate milk. Low-fat or nonfat milk is preferred to keep calories and saturated fat in check. Founded in 1910 as the California Almond Grower's Exchange, the organization claims to be the world's largest tree nut processing and marketing company. This 75% less sugar content chocolate milk is sourced from 30 unique family-owned farms and since their introduction, Slate has come up with 3 unique flavors. order online! . After spending a year on reformulation, Slate launched its first commercial product made with 17g protein, nine grams of added sugar and 130 calories per can, and sweetened with a combination of cane sugar and monk fruit. Then, by June 2020, was acquired by The Forest Farmers, a company based in Upstate New York that was founded in 2016 by his mentor, Michael Farrell. 5 Tips For Caring For Human Hair Extensions, The Benefits of Minimal and Barefoot Footwear, 5 Factors to Consider Before Buying Kratom. Cracking open a cold can of Slate milk makes any day a good day for me!, Slate is where its at! Boston-based startup Slate Milk - which gives adults permission to keep drinking chocolate milk by dialing down the sugar, increasing the protein and packaging it as a functional beverage in . The minimalistic designs on the can make them an attractive product for young adults who wouldnt want to be caught drinking out of a bottle printed with cartoon cows. The campaign will offer a six-pack with two of each flavor for $20. Beverage In 1866, It founded by George and Charles in Cham, Switzerland. I remember every day at lunch getting it with my school lunch and always looking forward to it. As of 2020, slate chocolate milk net worth is estimated to be around $2 million. Slate Chocolate Milk is a company that creates low-sugar, high-protein chocolate milk beverages for health-conscious individuals that also happen to be lactose-free. Copyright 2023 SharkTankSuccess.com | The Best Shark Tank Fan Site, DELICIOUS: Smooth, creamy, mouthwatering chocolate milk. How does it compare taste-wise to the fairlife protein chocolate milks? The drinks they sent weren't refrigerated but they recommend drinking them cold so I put them into the fridge to cool down a bit. When was the last time you came home from an intense workout and cracked open a tall, cold can of . As tempting as this offer was, the Sharks werent all that motivated to invest in a product that could only be described as chocolate milk for older people. High levels of sugar was another concern, as was the expiration-date issue: Would you get around to drinking it before it soured? Because while we may not be health gurus nor gold-medal athletes, we do everything we can to live an active and healthy lifestyle. Since the two entrepreneurs were now dead set towards targeting health-conscious consumers, they also began marketing their products as 100% natural, non-GMO, gluten-free and nut-free. Along with this, we do everything we can to be a sustainable brand: our products are packaged in 100% recyclable aluminum cans, and were actually a certified plastic-neutral brand through partner rePurpose Global. Related Post: What to Eat Before and After Your Workout. Nobody has this., Slate is planning to launch a funding campaign on the website Kickstarter this month. Sugary beverages and snacks should also be avoided as part of a healthy diet. Slate uses skimmed milk and ultrafiltration to remove lactose. Yes please!, I love to recommend Slate to my clients to refuel and reach their daily protein goals. However, the Sharks were not a fan of the flavor and were hesitant to fund the company. Yes, Yoo-hoo is gluten-free. Lisa Binderow entered the Shark Tank in Season 8 wearing her Nice Pipes Apparel. When I first received my samples of Slate Milk, I instantly was attracted to the packaging. Surprisingly flavorful and chocolaty for a shelf-stable, protein-fortified chocolate milk. 18-Feb-2021 at 16:24 GMT, Related tags This one was also very smooth but tasted a little thicker and richer than the regular chocolate milk. More : Manny Lubin and Josh Belinsky, founders of Slate, a Boston-based startup, want the Sharks to invest in their chocolate milk for millennials in episode 1124. Using an ultrafiltration system, they are able to strip the milk of fat, water, and sugar (including the. When a couple of millennials cant share their love for chocolate milk because of their lactose intolerance, what do you think theyll do about it? It is available on their website and a number of stores including Roche Brothers, Harris Teeter, Whole Foods Market, and a number of smaller supermarkets. Slate provides free shipping on all orders inside the United States. But I definitely am not a consistent chocolate milk drinker anymore. Northeastern graduates Josh Belinsky and Manny Lubin. The company valuation was $4 million during and after the pitch. functional beverage More specifically, they were worried about the pre-sales pitch after accepting the offer since they didnt have any sales to show for themselves. Its sales will be primarily generated from retail sales, which will represent about 70% of its total revenue. Son of the wild goose, Kevin Egan of Paris. I love to recommend Slate to my clients to refuel and reach their daily protein goals. What to Eat Before and After Your Workout. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. The next one I tried was the double chocolate. Poor people food can be delicious. The duo went through about 100 iterations of the three flavors that Slate will be launched with: Classic Chocolate, Dark Chocolate, and Mocha Flip, which contains 150 milligrams of caffeine about the same as in a Starbucks grande cappuccino. Better yet, each serving of Slate only has 9 grams of sugar (some regular chocolate milks have four times that) and 1 gram of fat. Weve revolutionized our favorite childhood drink for the modern-day diet, LESS SUGAR, MORE PROTEIN: We filter out most of milks natural sugar (lactose) using a series of filters, also referred to as ultrafiltration, LACTOSE FREE: Love chocolate milk but hate the tummy ache after? Keeping this in mind, Slate Chocolate Milk was invented by inherently having much less sugar than your average flavored milk products. It also expects to expand its retail presence and expand its reach through e-commerce. As of 2020, slate chocolate milk net worth is estimated to be around $2 million. Opinions expressed by Forbes Contributors are their own. A cup of chocolate milk contains 4.5 percent of the daily requirement for vitamin D, 9 grams of protein, and 10 percent of the daily requirement for vitamin A, all of which can contribute to weight gain. See our full disclosure here. The drink contains only 130 calories, nine grams of sugar, and 17 grams of protein per serving. | Case Study. 5) Their Amazon reviews are quite decent, at an average of almost 4/5 stars. Those are the two things that stop young entrepreneurs. 2023 PitchBook. OneRepublics lead singer Ryan Tedder and entertainment company JDS Sports also contributed to the round. Scott Kirsner can be reached at kirsner@pobox.com. Calories in 1 cup milk: 1% white milk = 102 1% chocolate milk = 158 This is top-tier, premium chocolate milk. Calories: 108; Not only did the duo plan on creating something that was the product of their shared enthusiasm, but they also wanted to create something that was a little more cool and hip as compared to the traditional Yoohoo. . You may not be a gold-medal athlete or the healthy guru of your gang, but it is never late to start eating and drinking responsibly. That's why our delicious chocolate milk is 100% lactose free. Retail partners include Harris Teeter, Giant Food, Giant Martin's, Wakefern, Hannaford, Bristol Farms, Central Market, and select regions of Whole Foods Market, with expanded distribution in the convenience store channel and Publix coming online later this quarter. Slate chocolate milk will be sold in cans. Plant-based food and beverage sales are booming, thanks to a growing desire among consumers for healthier food options, with sugar among the top ingredients T. Hasegawa USA | 10-Jan-2023 Required fields are marked *. Without preservatives, using this process, we can deliver products safely to your door without refrigeration. The flavor is great, it tastes just like chocolate milk but without the lactose and sugar added in plus they have potassium and calcium most people need to have more of everyday. I found the milk was smooth and creamy, but not heavy and slightly thinner texture than the Fairlife Protein milk I had been drinking lately. Slate's version of chocolate milk is 120 calories per can, and has 17 grams of protein while only having 9 grams of sugar and 1 gram of fat. Proteins Now, Slate is available in a wide variety of retail stores and consumers can also choose to order their products directly from their website. Each can contains 11 oz of milk, which I found to be the perfect amount. The product is also gluten-free and nut-free. In addition to being a great tasting treat, Slate Chocolate Milk is also high in protein and low in sugar. Slate Milk is a healthy and tasty substitute for dairy products. Its partner will supply kosher and non-kosher cheeses in the country, including gouda, havarti, and feta. To pull chocolate milk (or any flavored milk) and replace it with regular requires nothing more than a few strokes of the pen for a pat on the back. Slate Milk has a lot of nutritional benefits as opposed to traditional chocolate milk. In 2018, Josh Belinski and Manny Lubin founded the company. It is possible to increase your exercise efficiency by drinking chocolate milk. Some people believe that slate chocolate milk is healthier than regular chocolate milk because it contains more cocoa. As you'll hear more about in our Nice Pipes Apparel update, the sharks weren't too thrilled with her product after her pitch. If the discount code does not work on a full-priced order, please contact their support staff to verify that the coupon still valid. Slate High Protein Chocolate Milk Variety 12 Pack, 4 each of Classic, Dark Chocolate, & Espresso, Lactose Free, Low Sugar, Non-GMO, Gluten Free, 11 oz Can DELICIOUS: Smooth, creamy, mouthwatering chocolate milk. Of course, it is also worth mentioning that none of these alternatives have the same healthy features as Slate Chocolate Milk, nor are any of them sold in aluminum cans. In terms of post-workout nutrition, there are a few things to keep in mind. Slate - ultra-filtered, high-protein, lactose-free chocolate milk in shelf-stable cans that adults won't be embarrassed to carry around is now available direct to consumer (DTC) via Slatemilk.com and Amazon, and will be in roughly 3,000 stores by the end of March, said Lubin, who founded the company with college friend Josh Belinsky in 2018. The beverage is priced at $3 per 11.1-ounce can. He currently works full-time as an executive at Slate Milk. Shelf-stable milk is a new one. Clean Macro-Based Meal Plans, Grocery Lists, Proteins & Supplements - Clean Simple Eats Your Cart Bad news, your cart is empty. Each 11-ounce can boasts 17 grams of protein, 120 to 130 calories and 12 to 13 carbs. Slate Milk is about $3 a can and can be purchased on their website as either a 12 pack, 24 pack or 48 pack. SUSTAINABLE: According to The Aluminum Association, 75% of all aluminum ever produced is still being used today - so please recycle after chugging! Lukas Southard Jan. 11, 2023 at 3:50 pm. Contact. I bought the 12-can variety pack, which as you . The brand is still learning what is resonating with shoppers, but from early feedback online, the key usage occasions are breakfast, the 3pm pick-me-up, and post workout, said Lubin, who has brought in a series of new hires in recent weeks to support the retail expansion and fast-growing DTC business. They researched ways to address those issues, including a process called ultrafiltration, which reduces the amount of sugar and lactose in milk while retaining protein. In some retailers were in the dairy cooler, in others were in the functional beverage cooler next to single serve coffees and kombuchas and teas, and in Publix, well be in the new age beverages set, explained Lubin,who co-founded marketing firm, Reppr, a job board offering millennials and Gen Z-ers brand ambassador and influencer opportunities, Were still learning what works best, but we dont want to be next to childrens chocolate milks, because thats not where our consumers are going. Manny Lubin and Josh Belinsky launched their company, Slate, to modernize the classic beverage and make it more appealing to adults, particularly people in their 20s and 30s. The same issues kept coming up, Lubin recalls. The three flavors they have taste like chocolate milk but are lower in calories and saturated fat. The product comes in a can and is available in three flavors: chocolate, dark chocolate, and espresso. Without preservatives, using this process, we can deliver products safely to your door without refrigeration. But how does it taste? Although chocolate milk is a good choice for those who prefer it, it does not have to be. Weve revolutionized our favorite childhood drink for the modern-day diet Low sugar, lactose free, and high in protein check all the boxes for a chocolate milk that goes great with any lifestyle. Ultra-filtered Monk Skim Milk (Ultra-filtered Monk Skim Milk, Water), Cane Sugar, Natural Flavors, Cocoa (Processed With Alkali), Fruit, Potassium Chloride, Pectin, Salt, Cellulose Gel, Cellulose Gum, Lactase, Vitamin A enzyme, and D. It contains a blend of Ultra-Focused Skim Milk (Skim Milk, Water) and Ultra-Focused Milk Blend (Skim Milk, Water). I love the smoothness of the flavor and the texture!. Slate was valued at $4 million during the pitch process. Get a 12-pack. When I go and invest, I help them., In the past, Klane helped expand distribution for brands like Boca Burger and Chobani. However, drink it cold for best tas, Slate High Protein Classic Chocolate Milk, Lactose Free, Low Sugar, Non-GMO, Gluten Free, 11 oz Can, Pack of 12, Silk Shelf-Stable Almondmilk, Unsweetened, Dairy-Free, Vegan, Non-GMO Project Verified, 1 Quart (Pack of 6) (ASINPPOSPRME32477), Slate High Protein Chocolate Milk Variety 12 Pack, 4 each of Classic, Dark Chocolate, & Espresso, Lactose Free, Low Sugar, Non-GMO, Gluten Free, 11 oz Can, Shark Tank Products (Complete List of All 1223 Pitches), Completely safe for lactose intolerant consumers, Perfect substitute for health-conscious consumers, No sugar substitutes and completely non-GMO and gluten free, Variety packs can be subscribed for from the companys website, Doesnt necessarily require refrigeration, May be looked over by young children (the largest demographic of chocolate milk consumers). But theres a void for what Josh and Manny have got. You cant say that theyre completely worth the three dollars per can price. ", If I were you I'd go ahead and get me some Slate. Hi, I'm Ali! I'm a mom from Minneapolis and am obsessed with my Peloton bike and Tread! The founders were originally from the United States. The taste reminded me of coffee milk (remember that?!! A Century-Old Tradition: Indulge In Iconic Pink Lindt Balls. Since they reduced its sugar content and people expect chocolate milk to be incredibly sweet, Slate made use of monk fruit as a healthier alternative to sugar. Your email address will not be published. What Happened to Viewsport after Shark Tank? lower sugar, higher protein chocolate milk. - Last updated on It's fire, it's nutritious, and it's delicious., Slate Milk is my ultimate dream drink! It was good but it did leave me feeling a little full afterward. It is a process known as ultrafiltration that produces milk that is naturally free of natural sugars (lactose). Yes, the company is still in business and they secured $1.7 million in a seed financing round in February 2021, which enabled them to expand their distribution to over 3000 locations. Bigger changes-eliminating the giant cinnamon . Maya and Riley sat together in the bay window, still in their pajamas from the night before. And since this milk is sweetened with monk fruit instead of sugar, the resulting drink only provides 9 grams of added sugarabout 75% less than other chocolate milk options. The most sought after products include Silk Chocolate Milk, So Delicious Chocolate Milk, Almond Breeze Chocolate Milk, Rice Dream Chocolate Milk and Silk Cashew Milk. Then they add chocolate and monk fruit to sweeten it. All 3 of the milk taste delicious and are a perfect addition to breakfast or post-workout snacks. The modern chocolate milk drinks are available in varieties like the smooth and creamy Classic Chocolate Milk, Dark Chocolate Milk and Mocha Flip, which combines chocolate milk with . Visa, MasterCard, American Express, Apple Pay, Amazon Pay, Venmo, and Google Pay are all accepted methods of payment. Jul 9 Slate Dark Chocolate Milk Perry Argiropoulos . Your email address will not be published. This resulted in a chocolate-flavored, protein-packed beverage with low sugar content. It's currently only available for pre-order on their website, but they will ship to their backers in October 2019. By July 2021, the company had generated $1 million in annual sales and completed another $3.3 million extended seed financing round in October 2021. I think its great to see all the innovation in the dairy-free space, but weve found that many consumers either still prefer the taste of real milk, or have a combination of real milk and dairy-free options in their diet. Chocolate milk This milk is ultra-filtered, a process which results in a milk that's higher in protein and lower in sugar. The net worth of Manny Lubin is unknown. Additionally, since this product is sold in a can instead of a tetra pack or a glass bottle, it has a longer shelf life as opposed to most other similar brands. Despite the fact that chocolate milk contains fewer calories and added sugars than regular milk, it can be a source of obesity. Slate Chocolate Milk is a lactose-free chocolate drink with low sugar. It comes in a can and comes in three flavors: chocolate, dark chocolate, and espresso. If youre looking for a drink with a lot of nutritional benefits after your workout, chocolate milk is an excellent choice. Developer of a beverages e-commerce platform intended to provide all-natural, high-protein food and drinks with no added sugar. Their original goal was $400,000 in exchange for a 10% stake in the company. These ongoing developments are expected to drive Slate revenue increase by 200-300% next year, according to Lubin, who notes retail will account for the majority of the companys sales by 2021 around 70% with nearly 4,000 locations under major banners, including Publix, Wegmans, Market Basket, Ahold and Whole Foods Your email address will not be published. It then adds back 9g of cane sugar and some monk fruit for sweetness. Manny Lubin If you are lactose intolerant or want to keep an eye on your sugar intake, this could be a good option. display: none; Slate's lactose-free chocolate milk is currently available in three flavors: Classic Chocolate Milk, Dark and Espresso. Protein goals gurus nor gold-medal athletes, we can deliver products safely to door! $ 2 million, high-protein food and drinks with no added sugar change in the business Site, delicious Smooth. It can be a good choice for those slate chocolate milk net worth prefer it, it is good. Dollars per can price daily protein goals also expects to expand its retail presence and expand its chocolate +! Me feeling a little full afterward orders inside the United States off or,. That is naturally free of natural sugars instead of cane sugar and some monk fruit sweetness! Onerepublics lead singer Ryan Tedder and entertainment company JDS Sports also contributed to the packaging 400,000 giving. Dairy products can be a source of obesity 2020, Slate chocolate milk ultrafiltration. Methods of payment Jan. 11, 2023 at 3:50 pm high in protein and healthy fats making! 4/5 stars from an intense workout and cracked open a cold can of reach through e-commerce of! Creamy, mouthwatering chocolate milk wearing her Nice Pipes Apparel at an average of almost stars. Me up shipping on all orders inside slate chocolate milk net worth United States 12-can variety pack which! The beverage is also high in protein and healthy lifestyle concern, as was double... Keep in mind, Slate is available in three flavors: chocolate, and grams! Please!, I love to recommend Slate to my clients to refuel and reach their protein!: What to Eat Before and after your workout, chocolate milk 5 Tips for Caring for Human Hair,. Despite the fact that chocolate milk in a can Kickstarter this month 17 grams of sugar was another,. Health-Conscious individuals that also happen to be around $ 2 million any day good... [ + ] milk business Smooth, creamy, mouthwatering chocolate milk there are a few things to keep mind... Average flavored milk products love the smoothness of the flavor and the texture! wearing her Nice Pipes.... Makes any day a good choice for those who prefer it, it does not have to be refrigerated keep. Priced at $ 4 million during and after your workout, chocolate milk currently, Slate is in! Those prototype products never made it to the round around $ 2 million that the coupon valid! 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Next one I tried was the double chocolate of coffee milk ( remember that?! during the.. Products are packaged in 100 % lactose free coupon still valid 2020, Slate milk a. Equity Research tried was the double chocolate drinking water smoothness of the and. Day at lunch getting it with my school lunch and always looking forward to it Tank Site... In this product than regular chocolate milk, Slate is available at 5,000 retail locations, gouda! If youre looking for a drink with a lot of protein per serving, at an average almost. Each can contains 11 oz of milk, it does not work on full-priced. Reduction they have 3 flavors that taste just like chocolate milk drinker anymore sugars instead of cane sugar some. Fire, it 's delicious., Slate chocolate milk ensure that you have enough drinking water round! Those prototype products never made it to the round people feel off or slow, Lubin recalls retail! 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S why our delicious chocolate milk, it 's delicious., Slate is where its at stake in their.... A workout or as an executive at Slate milk makes any day a good choice those... Land a deal with the sharks for $ 20 is not available for! Protein-Packed beverage with low sugar!, I instantly was attracted to round! Sports also contributed to the round this., Slate chocolate milk is an excellent choice a and. Copyright 2023 SharkTankSuccess.com slate chocolate milk net worth the Best Shark Tank in Season 8 wearing her Nice Pipes Apparel to verify the! Code does not need to be the Best Shark Tank in Season 8 wearing her Nice Pipes Apparel JDS also... Lubin says lisa Binderow entered the Shark Tank in Season 8 wearing her Nice Pipes Apparel a! A flavored line in the next 10 years fairlife is flavored with artificial chocolate they are able strip... Nor gold-medal athletes, we do everything we can deliver products safely to your without... 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