Drop Stop Shark Tank Update | What Happened To Drop Stop after Shark Tank | Drop Stop Shark Tank Net Worth
Table of Contents
About Drop Stop
Drop Stop is a trademarked device that keeps objects from dropping between the front seats and the center console of an automobile.
It is a device that stops items, including mobile phones and coins, from falling into the abyss between the car seat and the center console.
Drop Stop was founded by Marc Newburger and Jeffrey Simon of Los Angeles.
This device is about 17 inches long and made of black Neoprene filled with polyester fiberfill.
The seat belt clasp may be slid via a slot sewed into it. This secures the device while enabling the vehicle seat to move freely back and forth.
According to Newburger and Simon, the region between the center console and the front seats is always in dark shadow, therefore Drop Stop’s black hue complements any car’s interior.
Drop Stop should fit as long as the distance between the center console and the seat is less than 3.5 inches.
However, some vehicles, such as the BMW M3 and Volkswagen Jetta, lack sufficient gap space to accommodate the Drop Stop.
Newburger got the idea after dropping his phone down the gap while driving and nearly causing a catastrophic accident trying to collect it.
Drop Stop was featured on The Marilyn Denis Show’s “The Best as Seen on TV Products” segment, as well as ABC the View and Shark Tank.
How Does Drop Stop Work
Drop Stop covers the whole gap in front of, around, and behind the seat belt catch. It connects to the seat belt catch through a built-in slot, travels with the seat, and requires no readjustment or reinstallation.
Drop Stop, as shown on Shark Tank, closes the space between your vehicle or truck seat and center console, which is both unpleasant and hazardous.
Drop Stop is the first and only patented seat gap filler on the market. Drop Stop is indestructible and will last a lifetime.
Drop Stops are included in each bundle (1 for the driver side and 1 for the passenger side; universal fit). You’ll also receive a Slide Free Pad and an LED Credit Card Light as bonuses.
Most automobiles are one size fits all. Drop Stop’s high-grade neoprene casing allows it to compress and extend to fit any gap.
One-color can be used to mix all of the others. Because the Gap is always a black shadow, you won’t see it until it stops the drop after you install Drop Stop.
What Happened To Drop Stop after Shark Tank
Lori Greiner invested in the device with the inventors, Newburger and Simon, during the special Shark Tank episode that aired on March 29, 2013.
She negotiated a deal with Greiner for 20 percent ownership in Drop Stop in exchange for $300,000.That is a Drop Stop valuation of $1.5million dollars net worth.
Drop Stop announced a $2,000,000 purchase order with Walmart in a follow-up episode of Shark Tank, which aired on November 22, 2013.
As of December 2017, 2.4 million Drop Stops had been sold, bringing approximately $24 million in revenue.
On The Queen Latifah Show on March 19, 2014, Newburger and Simon were highlighted for their innovation and referred to as “some of Lori’s most successful inventors.”
Drop Stop was shown for sale in Bed Bath & Beyond in a “Lori Greiner Shark Tank” branded display on a second follow-up episode of Shark Tank, which aired on December 5, 2014.
Drop Stop was recognized as one of the nine most successful Shark Tank firms in February 2015.
The Los Angeles Police Department conducted a three-month test during which no traffic-related incidents happened in police vehicles equipped with Drop Stop.
This was according to a follow-up episode of Shark Tank that aired on January 21, 2018. Consequently, the police department declared that 3,000 police vehicles will be equipped with Drop Stops.
How Does Drop Stop Work
Drop Stop covers the whole gap in front of, around, and behind the seat belt catch. It connects to the seat belt catch through a built-in slot, travels with the seat, and requires no readjustment or reinstallation.
Drop Stop, as shown on Shark Tank, closes the space between your vehicle or truck seat and center console, which is both unpleasant and hazardous.
Drop Stop is the first and only patented seat gap filler on the market. Drop Stop is indestructible and will last a lifetime.
Drop Stops are included in each bundle (1 for the driver side and 1 for the passenger side; universal fit). You’ll also receive a Slide Free Pad and an LED Credit Card Light as bonuses.
Most automobiles are one size fits all. Drop Stop’s high-grade neoprene casing allows it to compress and extend to fit any gap.
One-color can be used to mix all of the others. Because the Gap is always a black shadow, you won’t see it until it stops the drop after you install Drop Stop.
Drop Stop Shark Tank Deal
The company made a deal with the Sharks, and it got them out of the way so that they could keep going with their business. The Shark Lori invested $300,000 for a 20% stake in the company.
That is a Drop Stop valuation of $1.5million dollars net worth.
The Drop Stop product has been well received by the public at large. The company has been selling the product at a steady pace and it is expected that it will be able to continue to do so.
Drop Stop Shark Tank Net Worth.
When Shark Lori invested $300,000 for a 20% stake in the company, the company Drop Stop valuation was at $1.5million dollars net worth.
Sales have surpassed $38 million in the five years following Shark Tank, with no signs of slowing down.
Drop Stop is the best-selling automobile accessory on Amazon, and they negotiated arrangements to outfit the cars of police departments in ten major cities.
The Shark Tank deal has made Drop Stop a business, which means that it is now worth $5,000,000 ($ 5 Million dollars).
Given the fact that the sharks have invested in the company, they are expecting it to grow.
Drop Stop Shark Tank Episode (Shark Tank Season 4 Episode 20)
Drop Stop Shark Tank FAQS
What is Drop Stop?
Drop Stop is a patented device designed to prevent items from falling between a car’s front seat center console.
The idea was born after Newburger dropped a mobile phone down the gap while driving and almost caused a serious accident trying to retrieve it.
Who owns Drop Stop?
Drop Stop was co-founded by two long-time friends, Marc Newburger and Jeffrey Simon.
Their product is designed to make driving less worrying and a little safer.
What was the inspiration for Drop Stop?
The idea to create Drop Stop came after Marc nearly died and killed a pedestrian in an accident he caused while trying to fetch his phone, which he had dropped while driving.
What was the solution?
He stuffed an automotive sponge into an old sock, cut a few slits in it (for the seatbelt receptacle), and tested it on his car; the Drop Stop was born!
Drop Stop inventors Marc Newburger and Jeffrey Simon pitch the Sharks on their solution for keeping things out of the “ Carmuda Triangle,” that little gap between a car seat and the center console.
It is basically a device that prevents objects from falling between the small gap found between a car set and the handbrake in the center.
What was the founder’s biggest challenge?
Jeffrey had to move in with Marc and make other sacrifices, including time, money, and other resources to develop a different and unique product.
How Can I Buy Drop Stop?
You can check it out and buy your very own by clicking on this link here Drop Stop has seen great success since Lori came onboard True to her promise, Lori has been an incredible help in getting the Drop Stop into retail stores all over the United States.
What other retailers are selling Drop Stop?
Drop Stop can be bought in Bed, Bath and Beyond, Walmart, Target, and Staples to name but a few.
What are the benefits of Drop Stop?
Having Drop Stop can bring the focus back to driver safety and allows you to keep your eyes on the road as opposed to what is falling down through the gap between the seat and the center console of the car.
What is the gap size between a car’s center console and seat?
Provided the gap between a car’s center console and the seat is less than 3.5 inches, Drop-Stop should fit.
What was the Drop Stop featured on TV?
Drop Stop was featured on a segment of The Marilyn Denis Show entitled “The Best As Seen on TV ABC The View Shark Tank.
What was the deal?
On a special Shark Tank episode, which aired March 29, 2013, Lori Greiner introduced the product alongside the inventors, Newburger and Simon, who made a deal with Greiner for 20% equity in Drop-Stop for $300,000.
Marc and Jeffrey made over $500,000 in sales after their episode aired. Lori assisted them in getting the Drop Stop into retailers such as Bed, Bath & Beyond, Walmart, Target, and Staples around the country.
What problem does Drop Stop solve?
The Drop Stop solves the problem of things dropping in between your car seat and center console.
Does Drop Stop come in different colors?
One-color can be used to mix all of the others but the black color is inconspicuous. One-color blends all. The Gap is always a dark shadow so once you install Drop Stop, you won’t know it’s there until it Stops the Drop
Will it fit in my car?
One size fits most vehicles. Drop Stop is a device that is about 17 inches long and made of black Neoprene filled with polyester fiberfill.
It is designed to fit most cars.
The seat belt clasp may be slid via a slot sewed into it. This secures the device while enabling the vehicle seat to move freely back and forth.
How does drop stop make money?
Drop Stop is a company that sells drop stop devices/products. The company has not yet revealed yet the revenue this year.
But as of December 2017, the product has grossed well over $24 million at this point.
What’s the deal with Daymond?
Daymond likes the numbers, but he follows Robert out.
What’s the deal?
Lori jumps in and offers $300K for 20% and promises she’ll make Marc and Jeffrey millionaires.
How Much Money Did Marc and Jeffrey Make?
Update interview with Shark Tank Blog, Marc and Jeffrey revealed they did close to half a million dollars in sales following the show.
Marc goes on to tell the sharks more about Drop Stop stating that it is a patented device that is universal in size to fit any car or truck.
