Cheese Chopper Shark Tank Net Worth 2023

Tate Koenig appeared on Shark Tank Season 12 Episode 20 in search of $75,000 for a 10% stake in his company, representing a $750,000 valuation.

His innovative product, Cheese Chopper, had raised an impressive amount of funding on Kickstarter ($100,436) and IndieGogo ($112,121), and he reported to have made sales of $125,000 from the Kickstarter campaign. After the episode aired he secured another 3,500 pre-orders resulting in an additional $140,000 in sales.

He had strong presence across the three largest crowdfunding platforms and seemed confident that the Sharks would see the potential that his product offered.

What is Cheese Chopper? Who Founded Cheese Chopper?

The Cheese Chopper is a multifunctional tool that can slice, grate, and store cheese, and it is safe to use in a dishwasher. Its purpose is to provide a more efficient and secure way for cheese enthusiasts to slice and store their cheese, particularly if they have to deal with large cheese blocks.

With its innovative and comfortable design, the Cheese Chopper allows users to quickly and neatly slice or shred up to two pounds of cheese with ease and safety.

Furthermore, the airtight Chopper has the added benefit of keeping cheese fresher for twice as long compared to traditional plastic wrap or food storage containers.

Tate Koenig, the founder and inventor of the company, graduated from Oregon State University with a Bachelor of Science in Business Administration and a minor in Entrepreneurship.

Before launching his company, he co-founded a non-profit organization called Citizens of the World, which recruited student volunteers globally for sustainability initiatives. Currently, Koenig works as a lumber broker for Idaho Pacific Lumber Company.

Koenig, who has always been passionate about cheese, struggled to manage large blocks of cheese efficiently for years. Cheese graters were not only inefficient but also potentially dangerous, and cleaning the blades frequently was a hassle. Furthermore, Koenig noticed that many blocks of cheese went to waste due to improper storage.

Recognizing a gap in the market, Koenig launched his company in June 2020, and it was successfully funded through a Kickstarter campaign that raised $100,436 and an IndieGoGo campaign that raised $111,826. However, he faced production challenges due to the Covid-19 pandemic, which slowed down the process.

Despite these challenges, Koenig persevered and began distributing his Cheese Choppers in mid-February 2021, just a few weeks before his episode was scheduled to air.

What happen to Cheese Chopper at the Shark Tank Pitch?

Tate appeared on Season 12, Episode 20 of Shark Tank, seeking a $75,000 investment for a 10% stake in his company, which valued his business at $750,000. He presented his product to the Sharks after they had evaluated samples. However, concerns arose when Tate mentioned his Kickstarter campaign.

The Sharks unanimously agreed that Tate’s product lacked genuine customer feedback and that it was too early to invest in. Although they recognized the product’s brilliance, they were hesitant to invest due to the absence of sales or customer feedback.

Kendra suggested that Tate take his time developing the product and ensure that it is perfect before releasing it to customers. The Sharks explained that releasing an imperfect product could result in a loss of repeat purchases.

Since the Sharks believed that the product needed more development and refinement, they declined to make an offer for Cheese Chopper. Tate left the Shark Tank without securing a deal.

Cheese Chopper after the Shark Tank Pitch?

The product is sold out on the corporate website as of July 2021, three months after its first air date. If you pre-order and wait 6-8 weeks for arrival, Tate will give you a 10% discount.

Cheese Chopper Net Worth

Tate appears on Shark Tank season 12 episode 20 in search of $75,000 for a 10% stake in his company. This represents a $750,000 valuation.

Cheese Chopper Competitors

VBENLEM Commercial Meat Slicer is a competitor of Cheese Chopper.

Cheese Chopper Shark Tank Updates

The Cheese Chopper is a kitchen gadget that promises to make it easier to chop cheese. Tate Koenig launched the Cheese Chopper in 2018, and it appeared on Shark Tank in Season 12, Episode 20, which first aired on April 9th, 2021.

During the pitch, Tate Koenig asked the Sharks for $75,000 for a 10% stake in the business, but he did not secure a deal on Shark Tank. However, the Cheese Chopper saw a surge in interest and sales after appearing on Shark Tank.

The Cheese Chopper has faced challenges in keeping up with demand, struggling to fulfill orders in a timely manner and facing criticism from customers for late deliveries.

However, the company has managed to raise orders of more than $100,000 on Kickstarter and has shipped all pre-orders.

As of July 2021, three months after the initial air date, the product was sold out on the company website.

The Cheese Chopper had another Shark Tank episode on April 9, 2021, and in just a few months, it did half a million sales. The company primarily sells its products through its website and social media platforms.

In conclusion, the Cheese Chopper is still in business today, and it has seen a surge in interest and sales after appearing on Shark Tank. Although it did not secure a deal on Shark Tank, the company has managed to raise orders of more than $100,000 on Kickstarter and has shipped all pre-orders.

The Cheese Chopper had another Shark Tank episode on April 9, 2021, and in just a few months, it did half a million sales. The company primarily sells its products through its website and social media platforms.

Cheese Chopper Shark Tank Table Summary:

TOPIC	SUMMARY
Founder	Tate Koenig, a cheese enthusiast who launched the company in June 2020 after successfully raising $100,436 on Kickstarter and $111,826 on IndieGoGo for his innovative product, Cheese Chopper, a multifunctional tool that can slice, grate, and store cheese.
Shark Tank Pitch	Tate appeared on Season 12, Episode 20 of Shark Tank, seeking a $75,000 investment for a 10% stake in his company, which valued his business at $750,000. The Sharks declined to make an offer due to concerns about the product’s lack of customer feedback and refinement.
Cheese Chopper	The Cheese Chopper is a multifunctional tool that can slice, grate, and store cheese, and it is safe to use in a dishwasher. It allows users to quickly and neatly slice or shred up to two pounds of cheese with ease and safety, while keeping cheese fresher for twice as long compared to traditional plastic wrap or food storage containers. It was successfully funded through a Kickstarter campaign that raised $100,436 and an IndieGoGo campaign that raised $111,826. The product is sold out on the corporate website as of July 2021, three months after its first air date.
Cheese Chopper Net Worth 2023	In 2023, the net worth of Cheese Chopper is not specified in the given text. However, Tate appeared on Shark Tank Season 12 Episode 20 in search of $75,000 for a 10% stake in his company, which represented a $750,000 valuation. The company raised orders of more than $100,000 on Kickstarter and shipped all pre-orders.
Cheese Chopper Competitors	VBENLEM Commercial Meat Slicer is a competitor of Cheese Chopper.
Cheese Chopper Updates	Cheese Chopper has faced challenges in keeping up with demand, struggling to fulfill orders in a timely manner and facing criticism from customers for late deliveries. The company has primarily sold its products through its website and social media platforms. The product had another Shark Tank episode on April 9, 2021, and in just a few months, it did half a million sales.

Cheese Chopper FAQS

What Is Cheese Chopper And How Does It Work?

The Cheese Chopper is a device that allows users to slice, shred, and store cheese with ease. It consists of a rectangular container with three alternative handles for cutting cheese: a grater, wire, and blade.

The Cheese Chopper uses a guillotine system to cut the perfect slice every time, and the cheese wire and cheese blade provide a safe alternative to cheese knives.

The grater is ideal for lovers of grated cheeses, and the device also enables users to store cheese easily in the fridge, saving them from buying pre-shredded cheese, which sometimes has anti-caking agents and harmful chemicals.

The Cheese Chopper comes with three handles, allowing users to effortlessly choose between a wire, blade, or grater handle, so regardless of cheese, it has them covered.

The guillotine style guide ensures that users get a perfect, even slice every time, and they can do it effortlessly like they are slicing through butter.

The Cheese Chopper’s air-tight container stores and keeps the cheese fresh, extending the life of the cheese and eliminating the need for single-use plastic wrap, oversized storage containers, and plastic bags. All components of the Cheese Chopper are dishwasher safe, making it easy to clean and safe to use.

Who is the founder of Cheese Chopper?

Tate Koenig is the founder of Cheese Chopper.

What Was The Outcome Of The Cheese Chopper Shark Tank Pitch?

During the Shark Tank pitch, Tate Koenig asked the Sharks for $75,000 for a 10% stake in his company, which was valued at $750,000. He demonstrated how the Cheese Chopper worked, showing how it could cleanly slice, chop, and grate any cheese, whether it’s hard or soft cheese.

However, the Sharks unanimously believed that he had no true feedback from customers and that he was too early to invest in. As a result, none of the Sharks made an offer for the Cheese Chopper, and Tate left the show without a deal.

Despite this setback, the Cheese Chopper is still in business today and has been successful. The product is sold out on the company website as of July 2021, three months after its first air date.

Tate started delivering Cheese Choppers in mid-February 2021, just a few weeks before the original air date of his episode.

What Happened To Cheese Chopper After Its Appearance At The Shark Tank?

After appearing on Shark Tank, Tate Koenig and his Cheese Chopper product did not secure a deal with any of the Sharks, but the product is still in business and doing well.

The Cheese Chopper was sold out on the company website as of July 2021, three months after the initial air date. Tate Koenig continued to work on his product and started delivering Cheese Choppers in mid-February 2021, just a few weeks before the original air date of his episode.

The Cheese Chopper had another Shark Tank episode on April 9, 2021, and in just a few months, it did half a million sales.

Before Shark Tank, the Cheese Chopper had raised an impressive amount of funding on Kickstarter and IndieGogo, and he reported to have made sales of $125,000 from the Kickstarter campaign.

Despite not securing a deal on Shark Tank, the Cheese Chopper received a lot of sales because of the episode, and reviews from customers show that the product is getting a very good response.

How much was he seeking in the Shark Tank Pitch?

He was seeking $75,000 for a 10% stake in his company. This is a $750,000 valuation.

Did he get the deal from the Sharks?

He left without a contract and the Sharks believed it was too early to invest in his product.

Is Cheese Chopper still in business?

Yes, they can buy the product on their website or amazon.

Where can they buy Cheese Chopper?

They can buy it online at www.cheesechopper.com.

What is the price of a Cheese Chopper?

They may presently purchase The Cheese Chopper through the brand’s website, which can be found here.

The company is now running a promotion and offering the handy device for $34.99 for a short time; however, the product will soon revert to its normal retail price of $39.99 per unit.

Where is the headquarters of Cheese Chopper?

The headquarters of Cheese Chopper are in Aurora, Oregon, in the United States.

What exactly is the Cheese Chopper industry?

Cheese Chopper works in the Other Transportation Equipment Manufacturing business.

What exactly is the Cheese Chopper website?

The website for Cheese Chopper is www.cheesechopper.com.

When was Cheese Chopper founded?

Cheese Chopper debuted in 2018.

What is the net worth of Tate Koenig?

Tate Koenig’s net worth is unavailable.

Where is Tate Koenig from?

Tate Koenig is from Oregon, United States.

Where were Cheese Chopper manufactured?

Cheese Chopper are produced in Aurora, Oregon.

What is the business model for Cheese Chopper?

Initially, the company sells directly to customers from Cheese Chopper’s website.

How can they contact Cheese Chopper?

They can be contacted through their website, Facebook and Twitter.

Who is the CEO of Cheese Chopper?

Tate Koenig is the CEO of Cheese Chopper.

Is Cheese Chopper a private or a public Company?

Cheese Chopper is a private company.

How much funding has Cheese Chopper received?

Cheese Chopper has raised $100,436 through Kickstarter and $111,826 through IndieGoGo in June 2020. They now have a total of $211,260 in funding.

What are they selling?

They sell Cheese Chopper which is a multi-functional cheese storage device that slices, grates, and stores cheese safely and effectively.

What size of cheese fits in the Cheese Chopper?

The Cheese Chopper is made to accommodate any regular 2 pound block of cheese or less.

Is the Cheese Chopper easy to clean?

Absolutely. They can remove and rebuild the Cheese Chopper without using any tools.

All of the pieces are constructed of high-quality, temperature-resistant materials, so they may clean it by wiping it down or putting it in the dishwasher, whichever is most convenient for them.

How do they get the ideal thickness for every slice?

The Cheese Chopper has an adjustable wheel to ensure that they always obtain the right slice, thick or thin!

How long will the handles last? Will extra blades or grater be available to buy later if these get too dull?

They chose exceptionally thick handles and reinforced steel blades to ensure that they will endure a long time.

Having said that, they will sell new Handles with Blades, Wires, and Graters in the event that one is lost or broken.