Bite Toothpaste Bits Shark Tank Update | Bite Toothpaste Bits after Shark Tank
What is Bite Toothpaste Bits?
Bite Toothpaste Bits are kind of convenient. They are bite size toothpastes. However, one need to use them one at a time because they don’t come packaged in strips or jars.
They are actually able to make their own personal care products with them instead of purchasing the ones that are commercialized by other companies.
They are called “bite” toothpaste bits because they remind them to “bite” them instead of popping them into their mouth like regular toothpaste packets.
Bite Toothpaste, rebranded as Bite, is a personal care and hygiene brand focused on plastic-free and sustainable goods.
Lindsay McCormick and Asher Hunt founded the firm. Lindsay obtained her bachelor’s degree in Communication and Media Studies from East Carolina University prior to founding Bite.
Initially known for their innovative tablet-based toothpaste, Toothpaste Bits, Bite’s range has since expanded to include a Whitening Gel Teeth Whitening Kit, Deodorant, Dental Floss, Bamboo Toothbrush, and Mouthwash Bits, which is available in the same tablet format as their highly acclaimed toothpaste product.
Who is the Founder of Bite Toothpaste Bits?
Lindsay McCormick and Asher Hunt founded the firm. Lindsay obtained a bachelor’s degree in Communication and Media Studies from East Carolina University prior to founding Bite.
She spent several years working in the entertainment industry following college, excelling in a variety of production-related tasks.
Asher graduated from California State University, Northridge with a bachelor’s degree in product design and went on to establish himself as a pioneer in product development and entrepreneurial investing.
Along with co-founding Bite, Asher is the creator and CEO of the startup overnight.
She chose to create completely gluten-free, vegan, and cruelty-free pills using natural components such as sodium bicarbonate and activated charcoal.
Lindsay genuinely pressed the first pills in her flat for her own usage. In May 2018, she hired Asher and officially started for business.
Lindsay’s apartment production facility suddenly became obsolete as a result of the viral success of Bite toothpaste.
After a period of hustling to fulfill orders, the business located a factory in Los Angeles to manufacture the toothpaste pieces.
The toothpaste pieces are packaged in biodegradable glass bottles. A one-month supply costs $12 when purchased one-time or $7.50 a month when subscribed.
Refills are packaged in biodegradable bags. Fresh mint and fresh mint with activated charcoal are available. Bite also produces biodegradable bamboo toothbrushes infused with bamboo and charcoal.
What Happened to Bite Toothpaste Bits at Shark Tank pitch?
The company has never borrowed or taken money from venture capitalists; instead, it has expanded via self-funding and reinvestment.
Lindsay and Asher are devoted to building a sustainable business, but they want assistance from Shark Tank investors in order to expand.
Asher and Lindsay enter the pitch seeking for $325,000 for a 5% stake in their company, which is valued at $7.5 million.
Lindsay’s exhaustive and far-reaching study is well-liked by the Sharks. Additionally, they like the $1.3 million in revenue and the company concept.
However, they object to the valuation or the prospect of competition from a large company.
Kevin O’Leary offers $325,000 for a 20% stake in the firm; he believes there will be plenty of work and competition in the future.
Mark Cuban offers $325,000 for a 15% stake in the firm, echoing Kevin’s reasoning. Lindsay is hesitant to part with so much equity and hence exits the pitch without striking a deal.
What Happened to Bite Toothpaste Bits after Shark Tank?
The company continues to operate and is enormously profitable despite the lack of a deal with Shark Tank investors. Since early March 2020, when the episode aired, the nation has been on lockdown owing to the COVID-19 epidemic.
This is likely to have benefited their company, since internet shopping has climbed by 25%, with food products increasing by 100%.
The business continues to operate normally and continues to supply products via Amazon and its website.
In 2021, Asher and Lindsay will still own 100% of the firm. Despite the fact that large corporations are releasing comparable items, they are still generating $4 million in yearly income.
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 had made sales with annual revenue of $4 million in 2021, this shows that since then the company net worth has increase.
Bites Toothpaste Bits FAQs
What is Bite Toothpaste Bits?
Bite Toothpaste Bits are kind of convenient. They are bite size toothpastes. However, one need to use them one at a time because they don’t come packaged in strips or jars.
They are actually able to make their own personal care products with them instead of purchasing the ones that are commercialized by other companies.
They are called “bite” toothpaste bits because they remind them to “bite” them instead of popping them into their mouth like regular toothpaste packets.
Who is the Founder?
The company was founded by Lindsay McCormick and Asher Hunt founded the business. Lindsay obtained a bachelor’s degree in Communication and Media Studies from East Carolina University prior to founding Bite.
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 toothpastes 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 was 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 as 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 $1.5million.
