Bite Toothpaste Bits Shark Tank Net Worth 2023
During its Shark Tank pitch, Bite Toothpaste Bits was valued at $7.5 million. Following the pitch, the company experienced significant growth in its sales and revenue.
In 2021, the company generated $4 million in annual revenue, which is a strong indication that its net worth has increased since its appearance on the show.
Bite Toothpaste Bits is a unique and innovative dental care product that has gained popularity among consumers who are looking for eco-friendly alternatives to traditional toothpaste.
The company’s Bite Toothpaste Bits are small tablets that are made from all-natural ingredients and are packaged in compostable materials, making them a sustainable and convenient option for those who are environmentally conscious.
The company’s appearance on Shark Tank was a significant boost to its visibility and credibility, as it allowed the company to showcase its product to a wider audience and attract potential investors.
The fact that Bite Toothpaste Bits was valued at $7.5 million during the pitch is a testament to the company’s potential for growth and success.
Since then, Bite Toothpaste Bits has continued to expand its product line and increase its distribution channels, which has contributed to its impressive sales and revenue growth.
Its commitment to sustainability and innovation has also resonated with consumers who are looking for products that align with their values.
What are Bite Toothpaste Bits? Who is the Founder of Bite Toothpaste Bits?
Bite Toothpaste Bits are quite handy as they are small toothpaste tablets that can be used individually. Instead of relying on commercially available personal care products, people can use these toothpaste bits to make their own.
These bite-sized toothpaste bits are so named because they need to be bitten into, as opposed to simply popping them into one’s mouth like regular toothpaste packets.
Bite Toothpaste, now known as Bite, is a personal care and hygiene brand that emphasizes plastic-free and sustainable products.
Lindsay McCormick and Asher Hunt co-founded the company, with Lindsay having earned a bachelor’s degree in Communication and Media Studies from East Carolina University before starting Bite.
Initially, Bite became known for its innovative toothpaste tablets, Toothpaste Bits, and has since expanded to include a range of products, such as a Whitening Gel Teeth Whitening Kit, Deodorant, Dental Floss, Bamboo Toothbrush, and Mouthwash Bits, which are available in the same tablet format as their highly acclaimed toothpaste product.
Lindsay and Asher have impressive backgrounds in their respective fields, with Lindsay having worked in the entertainment industry after college and Asher having graduated from California State University, Northridge with a bachelor’s degree in product design and becoming a pioneer in product development and entrepreneurial investing.
Along with co-founding Bite, Asher is the creator and CEO of the startup Overnight, which produces gluten-free, vegan, and cruelty-free pills made with natural ingredients such as sodium bicarbonate and activated charcoal.
Lindsay initially made the toothpaste tablets in her apartment for personal use, but after their viral success, she hired Asher and officially started the business in May 2018.
The toothpaste pieces are now manufactured in a factory in Los Angeles and packaged in biodegradable glass bottles.
A one-month supply costs $12 when purchased one-time or $7.50 a month when subscribed, and refills are packaged in biodegradable bags. Bite also produces biodegradable bamboo toothbrushes infused with bamboo and charcoal.
Bite Toothpaste Bits Shark Tank Pitch
The company has grown through self-funding and reinvestment rather than borrowing or receiving money from venture capitalists.
Although Asher and Lindsay are committed to building a sustainable business, they are seeking assistance from Shark Tank investors to expand. They are asking for $325,000 for a 5% stake in their $7.5 million-valued company.
The Sharks appreciate Lindsay’s thorough research, as well as the company’s concept and $1.3 million in revenue. However, they have concerns about the company’s valuation and the potential for competition from larger corporations.
Kevin O’Leary offers $325,000 for a 20% stake in the company, believing there will be significant future work and competition. Mark Cuban also offers $325,000, but for a 15% stake, echoing Kevin’s reasoning.
Lindsay ultimately decides not to accept either offer due to a large amount of equity they would have to give up.
Despite not striking a deal with the Shark Tank investors, the company remains highly profitable.
Since the episode aired in March 2020, the country has experienced a lockdown due to the COVID-19 pandemic, which has boosted internet shopping by 25%, with food products increasing by 100%.
The company continues to operate normally and supplies products through Amazon and its website.
As of 2021, Asher and Lindsay still own 100% of the company, which generates $4 million in annual revenue despite competition from larger corporations.
Competitors of Bite Toothpaste Bits
While they have made a massive impact on the personal care industry, their product is not all that different from larger corporations such as Colgate, Johnson & Johnson, Unilever, Kimberly-Clark, Clorox, and Procter & Gamble.
Net Worth of Bite Toothpaste Bits
The company was valued at $7.5 million during the Shark Tank pitch. After the pitch the company made sales with annual revenue of $4 million in 2021, this shows that since then the company’s net worth has increased.
Bite Toothpaste Bits Shark Tank Updates
Bite Toothpaste Bits is an eco-friendly, sustainable toothpaste product that comes in the form of chewable tablets made of natural ingredients such as sodium bicarbonate and activated charcoal.
The product was created by Lindsay McCormick, who was inspired to find a solution to the unrecyclable plastic tubes and harsh chemicals found in most toothpaste while traveling frequently for work.
She pressed the first tablets for her own use in her apartment and later brought on Asher Hunt to help with the business.
Bite Toothpaste Bits appeared on Shark Tank in Season 11 Episode 6, where the co-founders pitched an offer for $325,000 for 5% equity.
However, they did not receive a deal from any of the Sharks. Despite this, Bite Toothpaste Bits went viral and the company is now doing about $4 million in annual revenue.
The toothpaste bits come in recyclable glass bottles and are sold as a subscription-based program with sustainable products.
Bite Toothpaste Bits is suitable for all people who want to use an environmentally-friendly substitute for their traditional toothpaste products. The product is active on social media with a significant following on Instagram, Twitter, and Facebook.
While the company did not receive a deal on Shark Tank, its appearance on the show provided the boost it needed to become a game-changer in the toothpaste market.\
Summary table for Bite Toothpaste Bits Shark Tank
| ITEM | DESCRIPTION |
| Company Name | Bite Toothpaste Bits |
| Product | Eco-friendly toothpaste tablets |
| Founders | Lindsay McCormick and Asher Hunt |
| Valuation during Shark Tank | $7.5 million |
| Investment sought | $325,000 for a 5% stake |
| Revenue generated in 2021 | $4 million |
| Competitors | Colgate, Johnson & Johnson, Unilever, Kimberly-Clark, Clorox, Procter & Gamble |
| Updates | Bite remains highly profitable, available on Amazon and its website, and continues to expand its product line. |
Bites Toothpaste Bits FAQs
What Is Bite Toothpaste Bits Shark Tank?
Bite Toothpaste Bits is a company that produces eco-friendly, sustainable toothpaste tablets that come in recyclable glass bottles. The toothpaste bits are made of natural ingredients and are gluten-free, vegan, and palm oil-free.
The idea for Bite Toothpaste Bits came from co-founder Lindsay McCormick, who was traveling frequently for work and wondered why toothpaste came in un-recyclable plastic tubes.
Bite Toothpaste Bits appeared on Shark Tank in episode 1106, seeking a $325,000 investment for 5% of the business. The Sharks were impressed with Lindsay’s detailed research and the company’s $1.3 million in sales the previous year.
However, they did not like the valuation or the potential for competition from a big player. Bite Toothpaste Bits ultimately did not receive a deal from the Sharks.
Despite not receiving a deal, Bite Toothpaste Bits has been successful. The company has gone viral and is doing about $4 million in annual sales. The toothpaste bits have been praised for their eco-friendliness and sustainability, and the company also sells bamboo toothbrushes.
Bite Toothpaste Bit is an alternative to traditional toothpaste that is packaged in unrecyclable tubes and often wasted due to the design of the tube.
How Does Bite Toothpaste Bits Shark Tank Work?
Bite Toothpaste Bits is an eco-friendly, sustainable toothpaste that comes in the form of “bits”. The toothpaste bits are made with gluten-free and vegan ingredients and are palm oil-free.
The idea for Bite Toothpaste Bits came from co-founder Lindsay McCormick, who was traveling frequently for work and wondered why toothpaste came in un-recyclable plastic tubes. The toothpaste bits come in recyclable glass bottles, and a one-month supply costs $12.
Bite Toothpaste Bits appeared on Shark Tank in episode 1106, where co-founders Asher Hunt and Lindsay McCormick asked for $325,000 for 5% of the business.
The Sharks liked the business model and the $1.3 million in sales from the previous year but did not like the valuation or the potential for competition from a big player. The co-founders turned down the offer and continued to grow their business.
Bite Toothpaste Bits has been successful, with the company doing about $4 million in annual sales. The toothpaste bits have gone viral, and the company has found a manufacturer in Los Angeles to make the toothpaste bits.
Bite Toothpaste Bits is not an entirely unique product, but the entrepreneurs’ approach is different. The company also sells bamboo toothbrushes.
What Happened To Bite Toothpaste Bits After Shark Tank?
Bite Toothpaste Bits is a zero-waste company that makes toothpaste without any plastic packaging. The company was founded by Lindsay McCormick, who came up with the idea while traveling frequently for work and wondering why toothpaste came in unrecyclable plastic tubes.
She decided to make 100% gluten-free, vegan, and cruelty-free tablets out of natural ingredients including sodium bicarbonate and activated charcoal. In May 2018, she brought on Asher Hunt and opened for business.
Bite Toothpaste Bits went viral, and Lindsay’s apartment production facility quickly became outdated.
After scrambling to produce orders, the company finally found a manufacturer in Los Angeles to make the toothpaste bits. The toothpaste bits come in recyclable glass bottles and a one-month supply costs.
Bite Toothpaste Bits appeared on Shark Tank in Season 11, asking for $325,000 for 5% equity. However, they did not get a deal from any of the Sharks. Despite this, the company continues to operate as usual and is shipping products from Amazon and its website.
As of June 2021, the company is still 100% owned by Asher and Lindsay, and they are doing about $4 million in annual revenue. Bite Toothpaste Bits is still managing to do well despite big companies coming out with similar products.
Is Bite Toothpaste Bits Shark Tank Still In Business?
Yes, Bite Toothpaste Bits from Shark Tank is still in business. The company is still 100% owned by co-founders Asher Hunt and Lindsay McCormick. Bite Toothpaste Bits is an eco-friendly, sustainable toothpaste that comes in the form of “bits”.
The toothpaste bits come in recyclable glass bottles, and a one-month supply costs $12. The company has found a manufacturer in Los Angeles to make the toothpaste bits. Bite Toothpaste Bits has been helped along by going viral, and the company is doing about $4 million annually.
Bite Toothpaste Bits appeared on Shark Tank in season 11, where the co-founders asked for a $325,000 investment in return for a 5% stake in their business. However, they did not get a deal from any of the Sharks.
Despite not getting a deal, Bite Toothpaste Bits has continued to operate as usual and is shipping products from Amazon and their website.
Lindsay McCormick, the founder of Bite Toothpaste Bits, has grown her business after turning down two offers from the Sharks. Bite Toothpaste Bits is made with gluten-free and vegan ingredients and is palm oil-free.
The company has been successful in providing an alternative to traditional toothpaste, and the little glass reusable bottle that comes with the toothpaste bits is also a great feature.
What Is The Current Valuation Of Bite Toothpaste Bits After Shark Tank?
Bite Toothpaste Bits appeared on Shark Tank in 2020, where they asked for $325,000 for a 5% stake in their $7.5 million-valued company.
However, they did not receive a deal from any of the sharks. Despite not receiving a deal, the company experienced significant growth in sales and revenue after the show. As of 2021, Bite Toothpaste Bits had annual revenue of $4 million.
According to a 2022 update, the founders of Bite Toothpaste Bits, Asher Hunt and Lindsay McCormick, have a net worth of $6 million. However, it is unclear what the current valuation of the company is after its appearance on Shark Tank.
What is their offer on Shark Tank?
They were asking for $375,000 for a 5% stake in their company, which is valued at $7.5 million.
Did they get an offer?
No, unfortunately, they did not.
Is fluoride in Toothpaste bad?
Numerous kinds of toothpaste include fluoride, which has been shown to promote tooth health.
While excessive fluoride can be harmful to health, the quantities found in toothpaste are typically harmless when used as directed. Toothpaste is a critical component of proper oral hygiene.
Where are Bite Toothpaste Bits made?
They manufacture their Toothpaste Bits, Mouthwash Bits, and Whitening Gel in California.
Was Bite on Shark Tank?
They founded a zero-waste toothpaste firm that was just featured on Shark Tank. This is how the day looks as the manager of a team of nine remote employees.
Lindsay McCormick is the founder and CEO of Bite, a firm dedicated to creating biodegradable toothpaste tablets.
When were Bite Toothpaste Bits made?
Bite premiered officially in August 2018. Here’s how it all began. Lindsay, the founder, traveled frequently for work and was frustrated by wasteful plastic toothpaste tubes.
Are Toothpaste tablets ADA approved?
Toothpaste tablets are promoted as having comparable effects to normal toothpaste. However, dental organizations such as the American Dental Association (ADA) have not yet authorized these tablets, citing a need for further study and data.
Do Toothpaste tablets work?
While chewable toothpaste pills may appear to be an excellent substitute for traditional toothpaste, they are not as trustworthy.
The toothpaste that is produced is tough to spread evenly across all of your teeth. This implies that certain teeth will remain unclean longer than others.
Does Bite Toothpaste expire?
Nonetheless, the expiration date is printed on the label of the majority of toothpaste tablet (and tube) brands.
For example, both Bite’s and Hello’s toothpaste pills have a 24-month or two-year shelf life when unused.
What is the net worth of Lindsay McCormick?
Lindsay McCormick has an estimated net worth of $ 1.5 million.
