#80 From turning down Shark Tank offers to raising $2.7 million for Nopalera with Sandra Velasquez
Sandra Velasquez, CEO and founder of Nopalera, discusses her journey from a musician to launching a high-end Latina bath and body brand, including her appearance on Shark Tank where she turned down two offers. She details the process of raising a $2.7 million seed round from scratch, highlighting the importance of valuation assessments, legal costs, and overcoming the 'money begets money' dynamic. Velasquez also shares specific metrics on the post-Shark Tank sales surge, the operational prep required for the influx of demand, and the company's current scaling efforts into new product categories like aluminum-packaged body wash.