DNA Simple Net Worth
DNA Simple is a company that compensates people for providing basic information and a saliva sample. The company was valued at $1.3 million after appearing on Shark Tank, and its founder, Olivier Noel, has a net worth of $1.3 million as of 2022.
What is DNA Simple and Who Found DNA Simple?
DNA Simple is a company that was founded by Olivier Noel, who serves as its CEO. The company offers $50 to individuals who submit their saliva for medical research.
During his time as a medical student, Noel recognized the difficulties that researchers encountered when attempting to obtain samples from study participants.
To address this problem, he developed DNA Easy, an online platform that connects researchers, scientists, and patients with willing participants across the United States.
To participate in DNA Easy, individuals simply need to register on the company’s website. Researchers will contact them if they qualify for any studies.
Once matched to a study, DNA Easy will send a collection kit and provide a $50 check upon receipt of the sample. By participating in this program, individuals can contribute to medical research while also earning $50.
Oliver Noel is the founder of DNA Simple, the company that offers this service.
DNA Simple Shark Tank pitch
DNA Simple is a company founded by Noel that acts as an intermediary for DNA samples. Users register on the company’s website, provide medical data, and select the studies they wish to participate in. Upon acceptance, they receive a saliva kit and $50 for their sample.
DNA Simple keeps the donor’s information private and only uses it for the selected studies. Unlike other DNA companies, there is no fee for submitting a sample.
DNA Simple earns money by selling the data to the sponsor of the study. Noel was seeking $100,000 in exchange for a 12.5% stake in the company. He believes that in the future, pandemics will occur and scientists will only be able to detect them using DNA. The company had already matched 500 studies, generating $30,000 in sales.
Mark made an offer of $200,000 for a 20% stake in the company, and after some negotiation, Oliver agreed to a counteroffer of 15%.
The company gained significant publicity from its appearance on Shark Tank, and by the end of 2017, it had 130,000 samples in its database, surpassing its goal of 100,000. They aimed to have over 1 million samples by 2018 and began accepting samples from Canada as well.
It was intriguing to hear Noel predict the 2020 epidemic, and as of June 2021, DNA Simple is still in operation and valued at $1.3 million.
Table Summary: Dna Simple Shark Tank
|Company Name||DNA Simple|
|Net Worth of CEO||$1.3 million (as of 2022)|
|Shark Tank Pitch||Offered $100,000 for a 12.5% stake, valued at $800,000|
|Shark Tank Deal||Accepted $200,000 for a 15% stake from Mark Cuban|
|Compensation||$50 per saliva sample for medical research|
|Total Samples||Over 130,000 by the end of 2017|
|Objective||Connect research teams with sample groups for research|
|Revenue||Earns by selling data to research teams ($150 per person)|
|Target||To optimize medical research and prevent future pandemics|
|Location||Based in the United States, accepting samples from Canada|
Note: The information in the table is based on the given text.
DNA Simple Net Worth
The company is valued at $1.3 million.
DNA Simple Shark Tank Updates
DNAsimple is a company that compensates people who provide a saliva sample for medical research with $50 per sample. The company was founded by Haitian-born Ph.D. student Olivier Noel in 2015.
Noel appeared on Shark Tank in season 9 and offered $100,000 for 12.5% of his company, valuing it at $800,000. As of January 2023, the company is still in business and is valued at $1.3 million.
DNAsimple matches people to research studies looking for people with their background. Signing up on DNAsimple is free, and every time someone qualifies for a study, they are compensated with at least $50 for their participation.
The company aims to speed up science by making it easier for scientists to find genetic samples. DNA from these samples is in demand from drug companies, the government, and academic centers to use DNA data to create medical treatments.
DNA Simple FAQS
What Is DNA Simple Shark Tank?
DNA Simple is a company that connects medical research teams with sample groups for research studies. The company compensates donors with $50 for providing a saliva sample and some basic information.
The donors’ DNA information is used for medical research, and they have control over which studies they choose to participate in. The compensation increases the likelihood of donors contributing to research efforts.
DNA Simple was founded in 2015 by Olivier Noel. The company was featured on Shark Tank in 2017, where Noel asked for $100,000 in exchange for a 12.5% stake in the company. Mark Cuban invested $200,000 in DNA Simple for a 15% stake in the company.
The business model works by medical research teams reaching out to DNA Simple to find sample groups for research studies, and the research teams pay DNA Simple $150 per person they get.
DNA Simple’s goal is to speed up finding sample groups for research studies and optimize medical research to help prevent future pandemics.
The company’s website allows people to sign up for free and be matched to research studies looking for people with their background. Every time a person qualifies for a study, they are compensated with at least $50 for their participation.
How Does DNA Simple Shark Tank Works?
DNA Simple is a company that matches people to research studies looking for someone with their background. The company was created to aid and optimize medical research and help prevent a future pandemic.
The company compensates donors with at least $50 for their participation every time they qualify for a study. The company’s CEO, Olivier Noel, appeared on Shark Tank in 2017 and asked the sharks to invest $100,000 in exchange for a 12.5 percent stake in the company.
Mark Cuban invested $200,000 in the company for a 15% equity.
To participate in DNA Simple, people go to the company’s website to upload a bit of information about themselves, like age, height, and medical history. Then, the person is matched with researchers who may be interested in their DNA.
If researchers choose the person, a collection kit with a plastic tube is sent, the donor swabs their cheek, sends the sample in, and collects $50. The whole process is anonymous.
Medical research teams reach out to DNA Simple to find sample groups for research studies. The research teams then pay DNA Simple $150 per person they get.
DNA from such samples is in demand from drug companies, the government, and academic centers to use DNA data to create medical treatments. These samples are a potentially huge market with some people estimating an over 20 billion dollar market for this kind of data in just a few years.
What Happened To DNA Simple After Shark Tank?
DNA Simple is a company that pays individuals $50 in exchange for submitting their saliva for medical research. The company was founded by Olivier Noel, a medical student who saw the challenges that researchers face in having access to samples from participants for their studies.
DNA Simple was pitched on Shark Tank in November 2017, where Noel made a deal with Mark Cuban for $200,000 in exchange for 15% equity. The publicity from the Shark Tank broadcast, as well as advice from Mark Cuban, undoubtedly aided DNA Simple in moving their firm ahead.
As of September 2022, the DNA Simple website is still up and running, but sign-ups for sample donors are currently disabled.
The Facebook page has not been updated since 2019 when the company was having website troubles. It is unclear what the current status of DNA Simple is and whether the company is still actively operating.
What Is The Current Valuation Of DNA Simple Shark Tank?
DNA Simple is a company that connects research studies with required DNA samples. The company pays people for repeated saliva samples to provide to researchers. The founder of DNA Simple, Olivier Noel, appeared on Shark Tank in season 9 and revealed that his company was valued at $800,000.
However, DNA Simple’s net worth in 2020 was $500,000. As of 2022, DNA Simple’s current net worth is $1.3 million, and Olivier Noel has a net worth of $1.3 million. DNA Simple’s web value is $1,333,333.
Is DNA Simple Shark Tank Still In Business?
Yes, DNA Simple is still in business as of January 2023. The company was founded in 2015 by Olivier Noel, a Haitian-born Ph.D. student, to aid and optimize medical research by helping speed up finding sample groups for many studies.
DNA Simple compensates people who provide some basic information with a saliva sample, and donors receive $50 per sample.
The company matches donors to research studies looking for people with their background, and every time a donor qualifies for a study, they are compensated at least $50 for their participation.
Although sign-ups for DNA sample donors are temporarily closed, the company’s website is still up and running.
DNA Simple’s business model works by medical research teams reaching out to the company to find sample groups for research studies, and the research teams then pay DNA Simple $150 per person they get.
The company’s mission is to help prevent a future pandemic by speeding up finding sample groups for many studies.
Who founded DNA Simple?
Oliver Noel is the founder of DNA simple.
How does DNA Simple works?
Donors register on the website and provide some basic medical data.
Then they look through a list of studies and apply to the ones they want to support.
If you are accepted into a study you will receive a saliva kit as well as $50. You get paid for providing the sample.
Where is DNA Simple located?
DNA Simple is based in Regions Greater Philadelphia Area, Great Lakes US.
What is the net worth of DNA Simple?
As of June 2021, the company is valued at $1.3 million.
When did DNA Simple Shark Tank Episode air?
The Season 9 Episode 10 aired on 17, November 2017.
Did they make a shark tank deal?
Yes, Mark Cuban agreed to invest $100,000 for 15% of the company.
Will DNA Simple go public?
What’s DNA Simple’s Business Model?
We’re paying you for spitting in a tube… researchers get the samples they need, and we get paid for making it all happen. It’s a win-win for everybody.
What were the Sharks’ offers for DNA Simple?
Guest Shark Richard Branson was first to make an offer but Mark Cuban swooped in and sealed the deal with the DNA Simple founder.
Did DNA Simple get a deal on Shark Tank?
Yes, DNA Simple received an unexpected and generous deal from Mark Cuban.
What happened to DNA simple after Shark Tank?
Publicity from the Shark Tank episode and guidance from Mark Cuban definitely helped DNA Simple to move their company forward.
How much is DNA Simple worth now?
Interestingly, Mark Cuban’s investment of $200,000 for 15% equity in the company instantly increased the value of his company by more than $500,000.
Given Cuban’s investment, DNA Simple is now worth at least $1.3 million.
Is DNA Simple still in business today?
Yes, the company is still very much in business.