Shark Tank: Off the Cob Looks To Cash In Its Chips

Off the Cob Tortilla Chips entered the "Shark Tank" Friday seeking investment in the company which makes tortilla chips using sweet corn.

The company shared its history on its website:

We have been growing central New York's tastiest sweet corn since 1960 at Early Bird Farm in Ithaca NY. We hand pick each ear of corn in the summer at the peak of its ripeness. Delicious home-grown sweet corn gives our chips flavor you just won't find in any other chips!

A third generation farmer, our founder, Cameron Sheldrake's deep love of fresh sweet corn inspired him to start Off The Cob Sweet Corn Tortilla Chips at just 22. Launched in December 2012 after Cameron won $20,000 from Babson College's business plan competition, Off The Cob then went on to raise $15,000 on Kickstarter and launch in 20 Whole Foods in the New England area. In June 2014, Off The Cob launched a new packaging and has begun to find even more success. In August 2014, Off The Cob was introduced to 4 Wegman's in Upstate New York where the chips are doing incredibly well.

Off The Cob is dedicated to supporting small sweet corn farmers and to bringing you the freshest and sweetest corn chips!

"If I don't get a deal from the Sharks, I don't know what I will do," said Cameron Sheldrake, who is seeking $100,000 for 15% of his company.

The Sharks were all given chances to try to the chips which are currently sold in 45 stores in the Northeast.

"We're paying $5.50 a pound for sweet corn compared to $.30 for ground corn," Sheldrake said.

Kevin O'Leary expressed skepticism about the price difference between the sweet corn chips and regular ones.

The company has $45,000 in sales over 13 months.

"I find your costs insane," said O'Leary. "I'm out."

Mark Cuban felt the there was no way for him to make money on the product and dropped out.

Daymond John liked the product, but dropped out as well.

Lori Grenier agreed that she could not make her money back and dropped out as well.

Nick Woodman, a guest Shark, liked the product but dropped out because he did not know how to scale the business.

The left Off the Cob without a deal.