Larry’s Catch

Glen, Javi, and James, university friends based in Ontario, pitched Larry's Catch, asking for $150,000 for 20% of their seafood box business. The company sells online seafood boxes sourced from family-owned, sustainably certified fishing operations across Canada including Nunavut, BC, PEI, and Nova Scotia, with 17 products from seven fisheries in six communities; boxes are flash frozen and range in price from $119 to $270, with an average sale price of $160, about 47% product cost, and an average margin of 24% over the past eight months. In their first eight months they did $230,000 in sales and are on track for $800,000 to $1,000,000 in revenue this year.

Brian Scudamore offered the full ask of $150,000 for 20% but later went out after Michele Romanow's offer. Wes Hall went out without an offer despite praising the founders. Arlene Dickinson matched Brian Scudamore's offer of $150,000 for 20%, and Michele Romanow initially offered $150,000 for 22.5% citing her experience with a similar business, TruLOCAL; after the founders asked if Michele Romanow and Arlene Dickinson would partner, Michele Romanow chose to go alone and revised her offer to match Arlene Dickinson's terms of $150,000 for 20%, which the founders accepted. Manjit Minhas made no offer.

Larry’s Catch is still operating and sells through its website.