Doorman Shark Tank Net Worth 2023
Doorman appeared on Shark Tank in 2015 with a valuation of $2.5 million, Zander accepted Robert’s deal, which values his company at $2,083,333.
The net worth of Doorman is currently unavailable as the company went out of business. Some sources suggest that the company’s estimated net worth was $25 million at one point.
What is Doorman? Who are the founders of Doorman?
Doorman, a US-based technology company, specialized in providing logistics services and solutions. Founded by Zander Adell and Kapil Israni, Doorman operated fulfillment centers and independent driver fleets in urban areas.
They also created the Doorman mobile app, which facilitated the delivery and return of online purchases during evenings. Through their API, Doorman offered fulfillment and same-day delivery services.
The company was established in 2011 and had different pricing tiers for its services: $3.99 for a single shipment, $19.99 for unlimited deliveries, and $29.99 for unlimited deliveries and returns. Doorman started its services in San Francisco, with plans to expand to New York and Chicago in 2015.
Doorman Shark Tank Pitch
Zander Adell, a tech entrepreneur, presented his company Doorman, which offers a scheduled package delivery service, to the Sharks on an episode of Shark Tank. Zander requested $250,000 for a 10% ownership stake in his company.
During the pitch, the Sharks asked questions regarding the pricing, customer acquisition costs, and scalability of the business. Kevin expressed his belief that large delivery companies like FedEx and UPS could also provide this service.
Barbara suggested that all of the Sharks invest $250,000 for a 20% ownership stake, but Zander ultimately agreed to a deal with Robert for $250,000 and a 12% royalty.
Doorman initially offered one-hour delivery windows in Chicago and New York and charged a la carte fees for each visit and package. They also provided monthly subscriptions that ranged from $29 to $89.
Following their appearance on Shark Tank, the company secured $3 million in funding eight months later and expanded to multiple cities. However, the company faced financial difficulties and ultimately closed in December 2017.
As of August 2021, Zander, the founder of Doorman, is serving as the Head of Development for Magnesium Film.
Table Summary: Doorman Shark Tank
| DOORMAN | |
| Founded | 2011 |
| Founders | Zander Adell and Kapil Israni |
| Industry | Technology logistics company |
| Product | Mobile app, fulfillment and same-day delivery services |
| Shark Tank | Appeared in 2015 and secured $250,000 for a 12% royalty with Robert Herjavec |
| Net Worth | The current net worth is unavailable as the company went out of business. Some sources suggest that the company’s estimated net worth was $25 million at one point. |
| Competitors | United States Postal Service’s Priority Mail Express and FedEx’s DoorDash |
| CEO | Zander Adell |
| Status | The company closed down in December 2017. As of August 2021, Zander is the Head of Development at Magnesium Film. |
Doorman Shark Tank Updates
Doorman is a technology company that specialized in logistics services for urban areas. It was founded in 2013 by Zander Adell, who appeared on Shark Tank in August 2020, seeking an investment of $250,000 in exchange for a 10% stake in the company.
Doorman provided last-mile package delivery services, aiming to make deliveries easier and more efficient. During the pitch, Robert Herjavec offered $250,000 for 12% equity, which Adell accepted.
After the Shark Tank episode aired, Doorman received the attention that propelled its business to new heights. The company’s operations increased across the city, and it started scoping out investors to finance its expansion to new cities.
However, the company ran out of the market shortly after its appearance on Shark Tank, and as of August 2021, Zander is the Head of Development at Magnesium Film. It is unclear why the company shut down after securing a deal with Robert.
The net worth of Doorman.
Zander accepted Robert’s deal, which values his company at $2,083,333.
Doorman competitors
Doorman, a scheduled package delivery service that leverages its mobile app and delivery fleet, competes with services such as the United States Postal Service’s Priority Mail Express and FedEx’s DoorDash.
FAQS of Doorman
What Is Doorman Shark Tank?
Doorman is a privately owned American tech company that specialized in logistic services for urban areas. The company was founded by Zander Adell in 2013 to solve the problem of missed package deliveries in the final step of the e-commerce process.
Doorman managed and operated fulfillment centers and independent driver fleets in densely-populated urban areas, addressing the last-mile gap between online retailers and their customers.
It also developed, marketed, and operated the Doorman mobile app, which allowed consumers to use their iOS or Android-based smartphone to schedule evening delivery of goods purchased online or arrange to pick up goods intended to be shipped back to an online retailer.
Zander Adell appeared on Shark Tank in August 2020, seeking an investment of $250,000 in exchange for a 10% stake in the company.
Robert Herjavec made a deal with Adell, offering $250,000 for 12% equity. However, Doorman ceased operations in October 2017, for reasons that are unclear.
How Does Doorman Shark Tank Work?
Doorman is a package delivery service that was pitched on Shark Tank by CEO Zander Adell in Season 6, Episode 13.
The company was founded in 2013 and aimed to solve the problem of missed package deliveries by providing a solution to the timing overlap between the operational hours of logistics companies and people’s work hours.
The Doorman mobile app allowed consumers to schedule evening delivery of goods purchased online or arrange to pick up of goods intended to be shipped back to an online retailer.
Doorman operated with independent driver fleets in densely populated urban areas and managed fulfillment centers. The company received an investment from shark Robert Herjavec, who offered $250,000 for 12% equity. The Doorman warehouse received packages and delivered them on the customer’s schedule.
For example, if a client wanted a package delivered at 10 PM, they could have the Doorman receive the package at their pickup facility, and the Doorman would deliver that package back to their home address at that time.
However, Doorman is now defunct, having dissolved on October 6, 2017. It is unclear why the company dissolved, but it is likely due to competition from other package delivery services and the difficulty of operating in the logistics industry.
What Happened To Doorman After Shark Tank?
Doorman was a package delivery service that allowed consumers to schedule their package deliveries. The company was founded by Zander Adell in 2013 to solve the problem of residents missing package deliveries.
Despite significant backing from investors and a successful appearance on ABC’s Shark Tank in 2015, the company could not sustain itself long-term. In the fall of 2017, Doorman shut down all operations after failing to sustain its business model.
According to a statement released by the company, they would no longer be accepting incoming shipments after September 29th, 2017. Customers who were using Doorman addresses for online shopping were advised to update their information.
The company’s inability to recover was due to a price jump that caused many people to stop using the service.
Is Doorman Shark Tank Still In Business?
No, Doorman is no longer in business. Despite a successful appearance on Shark Tank in 2015, the company could not sustain its business model and shut down all operations in 2017.
The company’s founder, Zander Adell, announced that Doorman would be “joining forces with a larger team” in September 2017, and the company halted operations on October 6th of the same year. As of August 2021, Adell is the Head of Development at Magnesium Film.
What Is The Current Valuation Of Doorman After Shark Tank?
Doorman is a logistics company that appeared on Shark Tank seeking an investment of $250,000 in exchange for a 10% stake in the company. The company provided last-mile package delivery services, aiming to make deliveries easier and more efficient.
The valuation of Doorman was $2.5 million when it appeared on Shark Tank. At the time of the Shark Tank appearance, Doorman was valued at $2 million. Later, the estimated net worth of Doorman was $25 million.
However, the company ran out of the market shortly after its appearance on Shark Tank. As of 2023, the net worth of Doorman is unavailable since the company is no longer in business.
What do a doorman’s responsibilities entail?
A doorman in a residential building is in charge of opening doors and screening visitors and deliveries.
Other courtesy services may include signing for shipments, moving bags from the elevator to the street, and hailing cabs for residents and visitors.
Who is the founder of Doorman?
Zander Adell is the founder of Doorman.
Who is your competition?
United States Postal Service (USPS), FedEx, and DoorDash are leaders in the delivery industry that deliver small parcels to homes, businesses, and institutions.
What is the target demographic?
Doorman is for city dwellers who do not want to miss out on online deliveries, who are at work during the day, or who are busy in the evenings with dinner plans.
What is a doorman job called?
A doorman is also called a doorkeeper or gatekeeper.
Is Doorman Still in business?
Doorman is not in business anymore. It closed in December 2017 due to financial difficulties.
What was the deal at the Shark Tank?
Adell accepted Robert deal of $250,000 for 12% stake.
Doorman after Shark Tank Update
Doorman raised $3 million in VC funding eight months after the Shark tank episode aired, allowing it to grow and provide its one-hour window delivery services in Chicago and New York.
Doorman also provides a la carte charges ($5 each visit + $2 for a package) as well as monthly subscriptions ranging from $29 to $89 per month.
The business attracted investors and lasted a few years, extending from San Francisco to Chicago and New York.
Why is a doorman important?
Unexpected visitors will be kept out of the building and away from your front door if you hire a doorman.
A doorman also maintains track of who comes and goes, and can tell if there are any illegal activities going on.
Is it simple to work as a doorman?
While it may appear that anyone can stroll in the door and get a job as a doorman, this is far from the case.
In fact, most doormen claim that they got their position because they knew someone who already worked at the building.
