Cerebral Success Shark Tank Net Worth 2023
The net worth of Cerebral Success is unknown as of 2023 since the business is no longer in operation. The company was valued at around $190,000 when it appeared on Shark Tank in April 2014. Trevor Hiltbrand, the founder of Cerebral Success, has a net worth of [21 Million] USD as of 2023.
Trevor pitched his brain supplement to the Sharks on Shark Tank episode 522 and requested an investment of $75,000 in exchange for a 20% equity stake in Cerebral Success.
Barbara Corcoran offered him $75,000 for a 40% equity stake and they eventually reached an agreement. Trevor accepted an offer from Barbara of $75,000 for 40% ownership which indicates a valuation of $187,500.
After closing the deal with Barbara, Cerebral Success revenues doubled within days before the show aired.
Cerebral Success was featured on Barbara’s all-star update, in which she invited her most successful entrepreneurs to spend the day networking and having fun.
However, despite its initial success after appearing on Shark Tank, Cerebral Success went out of business in 2019 and the product is no longer available in the market.
What is Cerebral Success? Who Founded Cerebral Success?
Cerebral Success is a supplement that utilizes 12 nootropic substances to naturally enhance attention and memory.
Its creator, Trevor Hiltbrand, holds a Bachelor of Science in Finance from Brigham Young University and founded the company as a summer intern at a start-up after graduating.
Though he resigned from Cerebral Success in 2019, Trevor remains active as the CEO of a Utah-based firm specializing in DIY solar panel installations.
While in college, Trevor became interested in finding an alternative to Adderall for studying and conducted extensive research with the help of experts in the field.
After developing his own formula, he attempted but failed to obtain FDA clearance.
Despite this setback, Trevor continued to manufacture and sell his product on Amazon, quickly achieving success through positive customer feedback and rising to the top of the Brain Supplement List.
Seeking funding to further grow the business, Trevor ultimately found an investor to help support its continued success.
Cerebral Success Shark Tank Pitch
Trevor Hiltbrand is looking for support and funding from the investors on Shark Tank. He proposes to give a 20% stake in his company for $75,000, valuing his company at $375,000.
During his pitch, Trevor admits that he does not have scientific proof to support his claims. He has only conducted evaluations and studies on individual components, not on the whole product. He has sold 900 bottles of his product, which costs $70 each, and has a production cost of $10.
Trevor’s product is unique in that it targets college students, rather than older adults. However, Daymond is not convinced and withdraws from the deal.
Robert also walks away, expressing his lack of faith in the product. Mark questions the warning label, leading to a discussion about honesty.
Barbara defends Trevor, but Mr. Wonderful withdraws, stating that he does not believe he will get a return on his investment. Mark indicates that he would have invested if Trevor intended to use the funds for research, but he is now out.
Barbara offers Trevor $75,000 for 40% of the company, with the condition that he has no debt. Trevor counteroffers with 37%, but Barbara maintains her position, and Trevor accepts her initial offer.
Robert expresses his disappointment in Barbara’s investment decision, but Barbara defends her choice, stating that she believes the product can genuinely help people perform better.
After the deal, Barbara is able to distribute Trevor’s product to all GNC stores in the United States, and Trevor changes the name of his company to Smart X by Cerebral Success and updates the packaging.
In season seven, he is featured at Barbara’s Entrepreneur retreat in Cabo San Lucas. Trevor partners with GNC to fill shops around the country.
However, the company appears to have stopped production, as there is no official website, no mention of the product on GNC or Amazon, and the Facebook page has not been active since 2018.
Nevertheless, Trevor shut down operations in October 2019 and went on to found two other successful companies. He is currently the CEO of Project Solar, a direct-to-consumer solar panel company.
Cerebral Success Net Worth
Trevor pitches the Shark Tank for $75,000 in exchange for a 20% stake in his firm.
This equates to a $375,000 value. Trevor accepted an offer from Barbara of $75,000 for 40% ownership which indicates a valuation of $187,500.
Cerebral Success Competitors
Cerebral Success’s top competitors include CustomVite, Corr-Jensen (AbCuts), Elivar and PepPod
Cerebral Success FAQS
What happened to Cerebral Success at Shark Tank?
Cerebral Success gave Corcoran a 40% interest in exchange for $75,000 in exchange for clinical data demonstrating the effectiveness of their goods.
Does Cerebral Success work?
Cerebral Success has a 4-star rating on Amazon.
While consumer feedback appears to be divided, the majority of buyers indicate that this product does truly help them focus more and boost their mental energy levels.
What is the product cerebral?
Cerebral Success is an all-natural “brain food” supplement sold in pill form.
It is targeted specifically at students who need to maintain attention and retention of knowledge when studying for examinations.
It contains 12 major nootropic substances that have been shown to organically stimulate the brain.
Are SmartX Cerebral Success Ingredients Safe And Effective?
The business is forthright in stating that minor side effects such as nausea and headaches may occur. This is purely subjective and is determined by the individual’s tolerance.
Caffeine may cause certain undesirable side effects. Having said that, they do not believe the bulk of the components pose a substantial concern.
They simply wish it included less fillers and a higher concentration of active nootropics.
It is recommended that they visit their healthcare practitioner before beginning a new supplement regimen.
Additionally, they recommend that certain consumers abstain from nootropic substances entirely: Mothers who are pregnant or breastfeeding, and children under the age of 18 years.
How to Take SmartX Cerebral Success?
60 pills are contained in one bottle of SmartX Cerebral Success. The manufacturer recommends beginning with one tablet per day and gradually increasing to two tablets per day.
They can take it in the morning to kick-start their day productively or later in the day to prevent post-lunch drowsiness.
Should they ‘cycle’ SmartX Cerebral Success?
Cycling refers to having a 1-2 day pause in between to allow the body to reset and maximize the supplement’s effectiveness.
The manufacturer recommends taking one or two days off every week.
What Does SmartX Cerebral Success Do?
SmartX by Cerebral Success is a nootropic pill intended to boost cognitive performance. It asserts that it improves memory, attention, and concentration.
Additionally, it promises to maintain their brain healthy by delivering critical nutrients and avoiding the degradation of neurotransmitters.
What is a nootropic compound?
Nootropics, or “smart medications,” are a family of chemicals that have been shown to improve cognitive function.
They are occasionally referred to as cognitive enhancers or memory enhancers. Prescription nootropics are stimulant drugs.
Is Cerebral Success still in business?
Cerebral Success is no longer in business but rebranded their products to SmartX
What are the ingredients in Smart X?
Cerebral Success contains 12 ingredients that can be linked to mental performance.
This includes; Huperzine A, Vinpocetine, Phosphatidylserine, Bacopin, Glucuronolactone, Cognizin, Caffeine, L-Theanine, L-Tyrosine, Schisandrin A, L-Glutamine and B-Vitamins.
Are there any side effects to Cerebral Success?
The manufacturer claims that the pills only have minor side effects including headaches and nausea. However, they recommend consulting their physician before taking this pill.
What are the advantages of Cerebral Success?
Provides nourishment to the brain with vitamins, amino acids, and nutrients.
Contains a couple of good nootropic ingredients.
What is the net worth of Trevor Hiltbrand?