Eve Drop Shark Tank Net Worth

Eve Drop is a sliding, plastic fastener system that keeps lights hanging year-round. The company was founded by Nathan Shaffer in Henderson, Nevada and he appeared on Shark Tank in December 2014. He was seeking $75,000 for 20% of his business but the Sharks were not interested in investing.

Eve Drop’s net worth before appearing on Shark Tank was estimated to be $375,000 USD (Net worth), however, its current net worth is unknown.

Since appearing on Shark Tank, Eve Drop has seen an increase in sales and the product has been sold at Ace Hardware, Do It Center, and True Value retail outlets. However, the company website closed at some point in 2016 and it is now only possible to buy a selection of Eve Drop products from Amazon.

What is Eve Drop and Who is the Founder of Eve Drop?

Eve Drop is a business that produces a permanent Christmas light-hanging solution. Instead of having to go through the effort of putting up holiday lights every year, only to have to remove them later, Eve Drop allows you to raise and store your lights underneath your home’s eaves.

Then, when needed, you can simply drop them down without ever having to leave the ground.

Prior to founding Eve Drop, Nathan worked for KHS & S Contractors for three years before becoming an inventor and president of Shaffarne LLC/EveDrop from 2013 to 2016.

As a family man who enjoyed the holiday season but disliked the hassle of putting up and taking down Christmas lights, Nathan spent nearly a year researching the concept of storing holiday lights and deploying them in the same spot where they will be visible throughout the holiday season.

He attempted to raise funds for his idea via Kickstarter but failed to reach his goal in 2013. He subsequently re-designed his campaign, which was successful the following year.

Eve Drop was released to Kickstarter backers in July 2014 after a six-month delay due to a challenging manufacturing process. Nathan continued to seek additional investors, which eventually led him to appear on Shark Tank.

Despite not securing a deal on the show, Eve Drop has remained in business with Nathan currently working as a real estate agent with Keller Williams Realty, Inc. The company reportedly generates $1 million in yearly sales as of February 2022.

Eve Drop Shark Tank Pitch?

In season 6 episode 12 of Shark Tank, Nathan sought $75,000 for a 20% stake in Eve Drop, which was valued at $375,000. He demonstrated the product, and Robert asked for a closer look. Nathan explained how the pole allows the lights to be repositioned without using a ladder.

He also revealed that he had only made $4,500 in sales but had spent most of his money on molds. Each set was priced at $9.99, and the packaging was displayed.

Mark joked about how Barbara’s mother did the same thing with nails, and Kevin opted out. Robert inquired about the company’s current situation, and Nathan explained that he had invested $30,000 in merchandise and was waiting for it to arrive.

He also stated that the company had $3,500 in pre-orders to stock Eve Drop in twelve retail stores as soon as the goods arrived.

Robert doubted Nathan’s sales figures and abilities and withdrew his interest. Barbara also doubted his capacity to persuade and questioned his decision-making skills.

Nathan made a strong pitch for his product, but Lori didn’t believe his company was ready for a significant investment and withdrew her interest. Barbara didn’t believe the Eve Drop system would be successful, and she declined to invest as well.

Eve Drop saw a significant increase in sales after the show aired, with sales more than doubling. Nathan was able to get the product into retail stores like Ace Hardware, Do It Center, and True Value for a while, but it appears that sales did not go well.

In August of 2016, he shut down the company and is now a real estate agent in St. George, Utah.

Eve Drop Net Worth

Nathan appeared on Shark Tank Season 6 Episode 12 in search of $75,000 for a 20% stake in his company. This equates to a $375,000 valuation.

Eve Drop Competitors

There is no competitor identified for Eve Drop.

Eve Drop Shark Tank Updates

Nathan Shaffer appeared on Shark Tank in December 2014 to pitch his product, EveDrop, a sliding, plastic fastener system that keeps Christmas lights hanging year-round. He was seeking $75,000 for 20% of his business, which was valued at $375,000.

During the pitch, Nathan demonstrated the product, and Robert asked for a closer look. Nathan explained how the pole lets you move the lights without a ladder.

However, the sharks were not impressed with the number of sales that EveDrop had produced since it launched.

Nathan told the sharks that he only had $4,500 in Kickstarter sales at the time of his pitch. The sharks dropped out one by one, and Nathan left the tank without a deal.

After appearing on Shark Tank, Nathan saw a dramatic increase in sales, and sales doubled. He got the product into Ace Hardware, Do It Center, and True Value retail outlets for a time, but apparently, it didn’t sell through.

The company website closed at some point in 2016, and although it is still possible to buy a selection of EveDrop products from Amazon, the current net worth of the company is unknown. Nathan decided to shut down his company in 2017, and he now sells real estate in St. George, Utah.

Eve Drop Shark Tank 2023

TOPIC	SUMMARY
Company Name	Eve Drop
Founder	Nathan Shaffer
Product	Permanent Christmas light-hanging solution
Shark Tank	– Sought $75,000 for 20% of the business
	– Valued at $375,000
	– No deal made with Sharks
Sales	– Before Shark Tank: Estimated $375,000 net worth
	– After Shark Tank: Unknown
Retailers	Ace Hardware, Do It Center, True Value
Website	Closed in 2016, available on Amazon
Competitors	None identified
Net Worth	Current net worth unknown

Eve Drop FAQS

What Is Eve Drop And How Does It Work?

Eve Drop is a sliding, plastic fastener system that allows Christmas lights to slide out of sight after the season, eliminating the need for hanging them up every year.

The system works with “open eaves” and keeps lights hanging year-round. Nathan Shaffer invented Eve Drop after becoming frustrated with getting up on a ladder to hang his Christmas lights, only to have to get up again three weeks later to take them down. He founded the patent-pending company in March 2013, originally called Lightslide.

Eve Drop was successfully funded through a Kickstarter campaign in January 2013, with 74 backers pledging over $4,400 out of the $4,000 initial goal.

The company experienced a delay of six months before the complex overseas production process was completed, but in July 2014, Eve Drop was finally shipped out to its Kickstarter backers. The company website has since closed, but Eve Drop products can still be purchased on Amazon.

Eve Drop is a permanent Christmas light-hanging solution that allows users to raise and store their lights underneath their home’s eaves.

The founder of Eve Drop is Nathan Shaffer, who holds an Associate’s degree in Physical Sciences from Brigham Young University and a Bachelor’s degree in International Business Management from Utah Valley University. The product has no identified competitors. A pack of the Eve Drop bracket system retails for $9.99.

Who is the founder of Eve Drop?

Nathan Shaffer was President and Inventor of Eve Drop.

What Was The Outcome Of Eve Drop Shark Tank Pitch?

Nathan Schaffer, the founder of Eve Drop, appeared on Shark Tank in December 2014 to pitch his permanent Christmas light hangers. He asked for $75,000 for 20% equity, but none of the sharks made an offer.

The sharks were not impressed with the number of sales that Eve Drop had produced since it launched, and Nathan only had $4,500 in Kickstarter sales at the time of his pitch.

Although Barbara Corcoran was slightly impressed with Nathan’s heartfelt speech, she didn’t think that the Eve Drop system would ever sell particularly well, and with that, she was out too. Ultimately, Nathan decided to shut down his company in 2017.

What Happened To Eve Drop After Appearing On Shark Tank?

Nathan Schaffer appeared on Shark Tank in December 2014 to pitch his product, Eve Drop, which is a sliding, plastic fastener system that keeps lights hanging year-round.

He was seeking $75,000 for 20% of his business, but none of the sharks were interested in investing. The sharks were not impressed with the number of sales that Eve Drop had produced since it launched, and Nathan only had $4,500 in Kickstarter sales at the time of his pitch.

Kevin O’Leary and Mark Cuban were the first to drop out without making an offer, and Robert Herjavec and Barbara Corcoran followed suit.

After appearing on Shark Tank, Eve Drop saw an increase in sales and the product was sold at Ace Hardware, Do It Center, and True Value retail outlets.

However, the company website closed at some point in 2016, and Nathan decided to shut down his company in August of that year. As of 2023, the current net worth of Eve Drop is unknown. Nathan is now a real estate agent in St. George, Utah.

Although the sharks did not invest in Eve Drop, Nathan believed that they missed the point when it came to his product and its benefits, such as the time-saving aspects of the product and the potential for stylish back lighting during non-festive periods.

How much was Eve Drop cost?

The price for one Eve Drop set is $9.99.

How much was she seeking in the Sharks?

Nathan appeared on Shark Tank Season 6 Episode 12 in search of $75,000 for a 20% stake in his company. This equates to a $375,000 valuation.

Did he get the deal?

No, he did not secure an investment from the Shark Tank.

Is Eve Drop still in business?

He shut down the company in August of 2016.

Where is Nathan Shaffer now?

He is a real estate agent in St. George, Utah.

When was Eve Drop featured on Shark Tank?

Eve Drop was featured on Shark Tank Season 6 Episode 12 in 2014 on December 12th, 2014.

Is Eve Drop on Facebook?

They are out of business.

Where can they buy Eve Drop?

They are no longer in business.

How much did Eve Drop raised in Kickstarter?

Nathan successfully raised $4,431.

What is the net worth of Nathan Shaffer?

Nathan Shaffer’s net worth is unavailable.

Was Eve Drop successful?

Eve Drop has been out of business since 2018 because to decreased sales during the off-season, and its social media profiles are dormant.