Define Water Bottle Shark Tank Net Worth 2023
Define Bottle is a fruit-infused water bottle that allows users to flavor their water with fruit. The company appeared on Shark Tank in March 2014, where founder Carter Kostler was seeking a $100,000 investment from the Sharks for a 20% equity stake in the Define Bottle.
The initial valuation of the company was $500,000. In the four months since launching the product, Kostler had sold $65,000 worth of product. However, he did not secure a deal with any of the Sharks.
Define Bottle’s net worth is unknown as of 2022 because the company has not disclosed its financial information.
However, it is known that Define Bottle went out of business in 2016 and that the product is no longer available in the market. Therefore, it can be concluded that Define Bottle has no net worth in 2023 as it is no longer in operation.
What is Define Water Bottle? Who is the founder of Define Water Bottle?
The Define Bottle is a unique water bottle that allows you to add fresh fruit to your water, creating a delicious and healthy beverage.
It was created by Carter Kostler, a teenager from Virginia Beach, who was concerned about the prevalence of sugary drinks in school cafeterias. His goal was to provide a natural and nutritious alternative for both children and adults.
The bottle has two compartments separated by a filter. One chamber is for fresh fruit and water, while the other is for plain water. The fruit-infused water filters through the filter, naturally flavoring the drinking water.
Carter invented the Define Bottle when he was just 15 years old and in high school. He was motivated to provide a healthier option for kids his age and worked on the concept for six months, taking it from an idea to a prototype.
Since its inception, the Define Bottle has received a lot of positive recognition. Carter has been acknowledged by President Clinton and featured in Forbes Magazine. The product was also named one of Entrepreneur Magazine’s Top 100 Brilliant Companies.
Carter’s ambition is to encourage young people to choose healthier options and to “wean a whole generation of youngsters off soda, one school district at a time.” The Define Bottle is available for purchase on Amazon and directly from the manufacturer.
Define Water Bottle Shark Tank Pitch
Carter Kostler appeared on an episode of Shark Tank, specifically episode 516 called the Young Entrepreneurs Special, to pitch his product, the Define Bottle.
This water bottle allows for fresh fruit to infuse into drinking water, providing a flavorful alternative to sodas. Carter sought a $100,000 investment in exchange for a 20% stake in his company, which was valued at $500,000 at the time.
Carter hoped that by providing a healthy and tasty option, particularly for children, he could encourage Americans to drink more water instead of the 1-2 sodas they consume daily.
The Define Bottle had already achieved $65,000 in sales within four months of being introduced to the market, with both online and wholesale sales via the company website.
The Define Bottle was retailing for $30, with a cost of $10 per unit. While available at Whole Foods and David’s Teas, some Sharks expressed concern about the high price and the level of competition. Lori Greiner, Barbara Corcoran, and Kevin O’Leary declined to invest, citing these issues.
Robert Herjavec made an offer of $100,000 in exchange for a 40% ownership share in the company, but Carter countered with a 30% equity offer, which Herjavec declined due to the high level of risk involved. Mark Cuban also declined to invest, citing the risk and Carter’s parents’ mortgage situation.
Despite leaving Shark Tank without a deal, Carter persisted and re-launched the Define Bottle. He secured deals with several large retailers, resulting in $2 million in sales.
Singer Carrie Underwood became involved in the product, helping Carter secure partnerships with Dick’s Sporting Goods and Target. Carter was also a young ambassador for The Alliance for a Healthier Generation for three years.
Carter returned to Shark Tank for an episode of Beyond the Tank in May 2015, where the Define Bottle was featured as a success story.
He demonstrated how far he had come without the Sharks’ investment, proving that he learned as much from his failures as his successes.
Carter ultimately left the company in 2016 to join the US Marine Corps, where he remains a reserve in the Amphibious Assault Vehicle Fleet as of January 2022.
Table: Summary of Define Water Bottle Shark Tank
|Define Water Bottle
|Shark Tank Pitch
|– Seeking $100,000 investment for a 20% equity stake
|– Valuation: $500,000
|– Sales at the time: $65,000 worth of product
|– No deal was secured
|Success after the show
|– Secured deals with several large retailers
|– $2 million in sales
|– Partnerships with Dick’s Sporting Goods and Target
|– The product is still being sold
|– OXO Water Dispenser
|– Hydro Flask
|Net Worth (2023)
|– The company went out of business in 2016 and is no longer available in the market. Therefore, it can be concluded that Define Bottle has no net worth in 2023 as it is no longer in operation.
Define Water Bottle Shark Tank Updates
Define Bottle is a water bottle that allows users to infuse fresh fruit flavors into their drinking water The product features a re-freezable disk in the bottom to keep the beverage cold and a separate chamber to keep the fruit at the bottom.
The idea for Define Bottle was created by Carter Kostler when he was 13 years old, and he pitched it on Shark Tank in season 5. Kostler was seeking an investment of $100,000 in exchange for a 20% equity stake. However, none of the Sharks made a deal with him.
Despite not getting a deal on Shark Tank, Kostler continued to market Define Bottle and landed deals with several major retailers.
He also appeared on Beyond the Tank, a Shark Tank spin-off show, where he showcased the success of his product. Define Bottle is still being sold and has received positive reviews from customers.
Competitors of Define Water Bottle
The Define Water Bottle was in direct competition with OXO Water Dispenser, Hydro Flask, and Nalgene.
Net Worth of Define Water Bottle
The company valuation was $500,000 during and after the pitch, since then the company went out of business in 2016, and hence the company net worth is not available.
Define Water Bottle FAQs
What Is Water Bottle Shark Tank?
Water Bottle Shark Tank refers to the appearance of a water bottle company on the television show Shark Tank.
LARQ, a self-cleaning water bottle company, appeared on the show and received a historic valuation of half a million dollars for a 1% stake, making it the highest valuation in the history of the show. The company uses UV-C LED lights to kill up to 99.99% of bacteria and viruses.
Another water bottle company, Gobie H2O, also appeared on Shark Tank and pitched a hi-tech, BPA-free, advanced filtered water bottle. The Define Bottle, a fruit-infusing water bottle, was also featured on Shark Tank.
How Does Water Bottle Shark Tank Works?
The Water Bottle Shark Tank refers to the appearance of water bottle brands on the popular TV show Shark Tank. One such brand is LARQ, which is the world’s first self-cleaning water bottle that purifies water on the go using UV-C light.
The bottle neutralizes up to 99.9999% of harmful, odor-causing bacteria using UV-C light. The LARQ bottle intelligently activates every 2 hours to keep the water and bottle stink-free.
The founder of LARQ, Justin Wang, appeared on season 12, episode 21 of Shark Tank and secured a $1 million deal with Lori Greiner and Kevin O’Leary for a 4% stake in the company.
Another water bottle brand that appeared on Shark Tank is Clean Bottle, which is a water bottle with a wide opening at the top and a screw-on bottom that makes it easy to clean. The company has worked hard to build a strong brand and has been very strategic in its marketing efforts.
Clean Bottle has expanded its business by adding more products, colors, and features, which has increased its value and revenue. The company was valued at around $1 million at the time of its Shark Tank appearance.
Gobie H20 is another water bottle brand that appeared on Shark Tank. The bottle had a unique design that included both hard shell and soft shell technology, and the filter kept out 99.9% of all contaminants in regular drinking water.
The founder, Rusty Allen, appeared on Shark Tank in April 2013 and pitched 10% of his company for an investment of $300,000. Gobie H20 still has an active website, although there’s no mention that the water bottles are for sale.
What Happened To Water Bottle After Shark Tank?
Clean Bottle, a water bottle that promotes cleanliness by opening on both ends, appeared on Shark Tank in January 2022. Mark Cuban invested $60,000 in the company, and since then, Clean Bottle has been doing quite well.
As of 2022, Clean Bottle has an annual revenue of $4 billion and is sold in more than 5,000 stores across six countries. The company has expanded its product line to include fruit-infusing bottles with leak-proof silicone gaskets and accessories.
On the other hand, Gobie H20, a filtered water bottle that allows users to squeeze water through the filter, appeared on Shark Tank in 2012.
The sharks were concerned about the immense competition facing the product, and the bottle had a tendency to leak and could not be placed on its side without running into problems.
As of 2023, Gobie H2O is no longer in business, and their website has been shut down, and their products have been pulled from all retailers, including Amazon.
What Is The Current Valuation Of Water Bottle Shark Tank?
The current valuation of Larq, a self-cleaning water bottle company that appeared on Shark Tank, is different depending on the source and time frame:
- In 2019, Larq generated sales of $7 million.
- In January 2020, Justin Wang sold a portion of his company for $6.1 million, valuing the company at $31 million.
- During the Shark Tank episode that aired on April 16, 2021, Larq was seeking $500,000 for 1% equity, which would have valued the company at $50 million.
- After the Sharks made offers, Kevin O’Leary and Lori Greiner invested $1 million for 5% equity, valuing the company at $20 million.
Therefore, the current valuation of Larq is unclear and may have changed since the Shark Tank episode aired.
Is Water Bottle Shark Tank Still In Business?
The search results do not provide information about whether Water Bottle Shark Tank is still in business. Clean Bottle, for example, is still in business and has an annual revenue of $4 billion as of 2022.
LARQ, another water bottle company, received a $500,000 investment for a 1% stake, making it the highest valuation in the history of the show. This year, the company is expected to pull in nearly $20 million in sales.
Define Bottle, on the other hand, decided to pull the plug on the business in 2016, and the product is no longer officially sold online.
How much was seeking on Shark Tank?
Carter was asking for $100,000 for a 20% stake in the company.
Did he have the deal?
No, the deal was not made and Carter left without a deal on Shark Tank.
Is Define Water Bottle still in business?
No, the Define Water Bottle is not in business anymore.
Where was the Define Water Bottle located?
Define Water Bottle is located in Boston, Massachusetts.
Does Define Water Bottle has a website or social media accounts?
Define Water Bottle does not have a website and does not maintain social media accounts.
What was the total raise by Define Water Bottle?
Carter raised $65,000 in sales during his first four months since introducing Define Water Bottle to the market.
How Define Water Bottle works?
It is a simple two-chamber water bottle, but instead of drinking plain water, one gets an infusion of fruit flavors for their water.
What is Define Water Bottle made of?
Define Water Bottle is made of BPA and Phthalate free material to be healthy and safe for you.
Why do people like Define Water Bottle?
Many people like to Define Water Bottle because they find it to be an economical and healthy way to add fruit flavor to bottled water.
What is the cost of Define Water Bottle?
The cost of a bottle is $30, but it can be purchased in sizes for less than $10 for more than a year’s supply.
What are the sizes & colors of the Define Water Bottle?
Define Water Bottles comes in one size and three colors.
Where is Carter Kostler now?
Carter is currently serving with the US Marine Corps.
How much does Carter Kostler worth?
Carter Kostler’s net worth was not revealed.