The Good Promise, an Organic vegetable smoothie and sauces, was started by Karen Posada. The company launch date is unknown. The Good Promise net worth was $500,000 at the time of their pitch in 2016 based on the $100,000 offer for 20% of the equity of the company.
They appeared on Season 7 of Shark Tank USA in 2016. However, the Sharks were not interested in investing in The Good Promise. Sharks dropped the deal because the smoothie did not seem to be as Organic as it was described.
The Good Promise went out of business in 2021.
The Good Promise Net Worth
| Net worth | $500,000 (Business Valuation) |
| Lifetime sales | – |
| Investor | – |
| Founder | Karen Posada |
The Good Promise Net Worth Timeline
| Net Worth 2023 | Out Of Business |
| Net worth valuation in 2016 after appearing on Shark Tank | – |
| Net worth valuation in 2016 before appearing on Shark Tank | $500,000 |
The Good Promise Pitch on Shark Tank
| Company name | The Good Promise |
| Product | Organic vegetable smoothies and sauces |
| Episode | Season 07 Episode 22 |
| Founder | Karen Posada |
| Asked for | $100,000 for 20% equity |
| Final deal | No deal |
| Sharks | None |
| Location | Austin, Texas |
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The Good Promise Founder
The Good Promise was founded by Karen Posada. The company launch date is unknown. Unfortunately, theirs not much information publicly available about the founder. The Good Promise’s founder, Karen Posada, has a net worth of USD 500,000 as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2017 | The Good Promise smoothies are 100% organic |
| 2016 | The Good Promise smoothies were featured on Shark Tank |
Conclusion
Some companies that appear on the show have not achieved great success, and The Good Promise is one of them. Sometimes businesses don’t succeed for many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, The Good Promise went out of business in 2021. And the product is no longer available in the market.