Define Bottle is a popular water bottle product that gained attention when it appeared on the hit TV show Shark Tank. With its unique fruit infusion feature, Define Bottle aimed to provide a healthier and more flavorful way to stay hydrated. But what was the net worth of Define Bottle before and after its appearance on Shark Tank? Let’s take a closer look.
Key Takeaways:
- Define Bottle had a net worth of $500K before its pitch on Shark Tank.
- The Sharks declined to invest in Define Bottle due to competition and low sales.
- The company eventually closed in 2016.
- Define Bottle was founded by Carter Kostler in 2013.
- The product is no longer available in the market.
Define Bottle Net Worth and Timeline
During its appearance on Shark Tank in 2014, Define Bottle had a net worth of $500K. The company’s annual sales revenue at that time was $225K. Unfortunately, the company did not disclose its lifetime sales or profits. It is worth noting that Define Bottle had no investors throughout its operation and was solely founded by Carter Kostler. The company had a small team of 1-25 employees.
Define Bottle aimed to provide a healthier alternative to traditional beverages by offering a water bottle with fruit infusion capabilities. Despite generating sufficient revenue, the company faced challenges in terms of competition and low sales, leading to its closure in 2016. As a result, Define Bottle products are no longer available in the market.
To summarize, Define Bottle had a net worth of $500K in 2014, with annual sales revenue of $225K. The company’s founder, Carter Kostler, played a crucial role in establishing and running the business. However, Define Bottle ultimately faced difficulties due to competition and low sales, resulting in its closure in 2016.
Year | Net Worth | Annual Sales Revenue | Lifetime Sales | Founder | Employees |
---|---|---|---|---|---|
2014 | $500K | $225K | Not disclosed | Carter Kostler | 1-25 |
Define Bottle Pitch on Shark Tank
When Define Bottle made its appearance on Shark Tank, the company presented its innovative fruit infuser water bottle to the Sharks. This episode took place in Season 05, specifically Episode 20. The founder of Define Bottle, Carter Kostler, pitched the product to the Sharks, hoping to secure a deal.
During the pitch, Define Bottle asked for a $100,000 investment in exchange for 20% of the company. The product aimed to provide a healthier alternative to sugary beverages by allowing users to infuse water with their favorite fruits. While the Sharks showed interest in the concept, they raised concerns about competition and the company’s sales. Unfortunately, Define Bottle did not manage to secure a deal with any of the Sharks.
The pitch itself took place in the United States, showcasing the entrepreneurial spirit of the company’s founder and the innovative product they had developed. Despite the setback on Shark Tank, Define Bottle’s pitch and appearance on the show served as a platform to showcase their product to a wide audience, generating awareness and interest in their fruit infuser water bottle.
Company | Product | Episode | Founder | Asked for | Final Deal | Shark | Location |
---|---|---|---|---|---|---|---|
Define Bottle | Fruit infuser water bottle | Season 05 Episode 20 | Carter Kostler | $100,000 for 20% equity | No deal secured | N/A | United States |
Define Bottle Founder and Key Accomplishments
Let me introduce you to the visionary behind Define Bottle – Carter Kostler. As the founder of Define Bottle, Carter had a clear goal in mind – to offer healthier beverage choices that were both flavorful and sugar-free. His passion for providing a solution to a growing need in the market led to the creation of Define Bottle in 2013.
Carter’s dedication and entrepreneurial spirit did not go unnoticed. In 2013, Entrepreneur Magazine recognized Define Bottle as one of the Most Brilliant Companies, solidifying its position as an innovative brand in the industry. This prestigious acknowledgment is a testament to Carter’s commitment to delivering high-quality products and making a positive impact in the beverage market.
In addition to the recognition from Entrepreneur Magazine, Carter Kostler and Define Bottle gained widespread attention through their appearance on the popular TV show Shark Tank. This appearance took place in Season 05, further amplifying Define Bottle’s reach and showcasing Carter’s determination to succeed.
FAQ
What was Define Bottle’s net worth when it appeared on Shark Tank in 2014?
Define Bottle had a net worth of $500K when it appeared on Shark Tank in 2014.
What was the annual sales revenue of Define Bottle at the time of its Shark Tank pitch?
The annual sales revenue of Define Bottle at the time of its Shark Tank pitch was $225K.
Did Define Bottle have any investors during its operation?
No, Define Bottle did not have any investors during its operation.
Who founded Define Bottle?
Define Bottle was founded by Carter Kostler in 2013.
How many employees did Define Bottle have?
Define Bottle had 1-25 employees.
What happened to Define Bottle after its appearance on Shark Tank?
Define Bottle eventually closed in 2016 and the product is no longer available in the market.