Where is BottleKeeper on Shark Tank today?


Matt Campbell and Adam Callinan were looking for big paychecks when they appeared on “Shark Tank.” They went to Sharks and asked for $1 million in exchange for a 5% stake in their business. However, they also had an estimated $20 million valuation of their company to support their claim. They also claimed that they have already sold that much product in the past three years.

So why did they need financial help from the Sharks? According to Campbell and Cullinan, they needed the money to buy inventory for the thousands of stores that wanted to carry Bottle Keeper. They also pointed out that although they have made millions of dollars in profits in recent years, they have had to spend much of it on lawyers to stop copycats from infringing their patents.

It initially appeared that A-Rod and Kevin O'Leary might be backing BottleKeeper, with the pair offering a loan of $500,000 at an interest rate of 11% in exchange for a 20% stake in the company. . . However, Lori Greiner and Mark Cuban came up with a joint offer that would give Campbell and Cullinan the full $1 million, with no loans or interest. In the end, the two entrepreneurs were swayed by a deal with Mr. Cuban and Mr. Greiner that would pay them $1 million in exchange for 5% and a royalty of $1.50 per unit sold until the $2 million was recouped.



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