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Angel Investor (Individual)

Investments

2

Portfolio Exits

1

About David Neuman

David Neuman, Owner, Blackrock Productions; former President, Current TV; former Media & Chief Programming Officer, CNN; former President, Walt Disney Television and Touchstone Television

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Latest David Neuman News

TikTok’s infamous pink sauce is hitting grocery store shelves

Aug 19, 2022

TikTok’s infamous pink sauce is hitting grocery store shelves TikTok’s notorious “Pink Sauce” is going legit. The viral condiment’s creator, Chef Pii, has signed with Dallas-based culinary company Dave’s Gourmet to put her sauce on “e-commerce platforms, in restaurants and on major food retailers’ shelves,” Dave’s said in an announcement. For those who’ve somehow managed to dodge the Pink Sauce debacle, here’s a recap: Chef Pii, who is a Florida-based private chef and has 180,000 followers on TikTok, started making videos where she drenched food in a sauce that looks like it came straight out of the Teletubbies’ custard machine. People, naturally, were intrigued in getting their hands on the stuff. Subscribe for daily Tubefilter Top Stories Subscribe That’s when things went wonky. Chef Pii started shipping out bottles of Pink Sauce, charging $20 a pop. And the customers who received them weren’t exactly happy. There were reports of food poisoning (possibly caused by Pink Sauce containing milk and not being shipped in a refrigerated container), exploded bottles, misprinted nutrition labels, and more. In a 52-minute YouTube video from July that’s now been set to private, Chef Pii responded to the backlash, telling viewers , “Y’all really just gotta give me a break. Y’all gotta stop this negativity.” She went on to say that she had to “separate from this stuff” and that “I cannot allow y’all to bury me mentally.” In another video, she said her Pink Sauce production followed FDA standards, and that the product was “currently in lab testing” with the intention of pitching it to stores. Now it looks like that retail dream is coming true. David Neuman, CEO of Dave’s Gourmet, said in a statement that his company took less than a week to make a shelf-stable version of Pink Sauce. “Our R&D team was able to re-formulate the sauce to match Chef Pii’s exact color and flavor profile for the product and at the same time change some of the ingredients to make the sauce less complicated, dairy-free, and clean of any preservatives, artificial colors or flavors,” Neuman said. “Chef Pii will continue driving the social media aspects of the business and will participate in all the major steps of commercial production of The Pink Sauce™,” he added. Neuman said Dave’s Gourmet hopes to release the sauce this fall, and that it’s “working 24/7 to make it happen.” Subscribe for daily Tubefilter Top Stories Stay up-to-date with the latest and breaking creator and online video news delivered right to your inbox. Subscribe Related Stories

David Neuman Investments

2 Investments

David Neuman has made 2 investments. Their latest investment was in GoCoin as part of their Series A on March 3, 2014.

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David Neuman Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/26/2014

Series A

GoCoin

$1.49M

No

4

11/7/2013

Seed VC

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$99M

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10

Date

3/26/2014

11/7/2013

Round

Series A

Seed VC

Company

GoCoin

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Amount

$1.49M

$99M

New?

No

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Co-Investors

Sources

4

10

David Neuman Portfolio Exits

1 Portfolio Exit

David Neuman has 1 portfolio exit. Their latest portfolio exit was GoCoin on June 10, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/10/2015

Merger

$99M

2

Date

6/10/2015

Exit

Merger

Companies

Valuation

$99M

Acquirer

Sources

2

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