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Shark Tank Recap: $500k Funding for Plated’s Cooking Experience (4/4/14)

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Mark Cuban has no plans of cooking his meals but when it comes to Plated, he gamely risked $500,000 of his own money in today’s episode of Shark Tank to a business that’s projected to make $10 million in sales in just 12 months. Plated is marketed as the alternative to delivered meals: it sends fresh and healthy ingredients overnight in exact portions and a recipe to make a dish enough for 4 servings. In exchange for his investment, Mark gets a 5.56% stake plus advisory shares. Plated owners Nick Taranto and Josh Hix (photo in this recap) both have...

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