First Defense Nasal Screen Shark Tank Net Worth 2023
As of February 2022, First Defense Nasal Screens has an estimated net worth of $50 million. The company is profitable and has sold its products in more than 50 countries worldwide.
Joe Moore, the founder of First Defense Nasal Screens, appeared on Shark Tank seeking a $500k investment in exchange for a 10% equity in his business.
He turned down a $4 million offer from Shark Tank investors for a 30% stake in the company and a 10% perpetual royalty.
Despite declining the offer, the investors saw potential and offered him $750,000 for a 30% stake in the company and 10%.
The prompt asks about the net worth of First Defense Nasal Screens in 2023. However, there are no search results that provide information about this topic. Therefore, it is impossible to answer this question truthfully.
What is First Defense Nasal Screen? Who is the Founder of First Defense Nasal Screens?
First Defense Nasal Screens (FDNS) are a type of nasal screen that stick to the exterior of the nostrils. They are made of breathable, hypoallergenic material that does not contain latex.
Despite their lightweight and unobtrusive design, these nasal screens can effectively block almost all particles from entering the nose.
Lab tests have shown that FDNS can be up to 92% effective against particles that are 1 micron in size and 77% effective against particles as small as 0.1 micron in size.
This makes them an affordable and practical solution to defend against pollutants, viruses, allergies, and germs.
Joe Moore founded the company in 2011 after experiencing a severe sneezing episode while driving, which caused him to nearly crash into a semi-trailer truck. This incident motivated him to find a solution that could prevent a similar occurrence in the future.
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Initially, Joe experimented with face masks, but he found them to be bulky, uncomfortable, required frequent adjustments, and ultimately didn’t provide sufficient protection since air could escape through the edges.
After some trial and error, he came up with the idea of creating nasal filters, which have since become a revolutionary product that has saved many people from allergic reactions and other respiratory problems.
First Defense Nasal Screens on Shark Tank Episode
First Defense Nasal Screen Shark Tank Pitch
In season 2, episode 2 of Shark Tank, Moore made an appearance and presented his company to the Sharks. He offered them a 10% stake in his company in exchange for a $500,000 investment, which put the company’s valuation at $5 million.
Moore’s presentation focused on the prevalence of allergies and respiratory problems and the high demand for treatment options.
He presented his nasal screens, which aim to reduce allergy symptoms, and informed the Sharks that he had a contract for 8 million units over the next six years.
Initially, the Sharks were skeptical, but as Moore shared more information, they became more interested. However, Barbara Corcoran opted out due to concerns about the cost of educating consumers about the product.
After some negotiation, O’Leary, Cuban, and John joined forces and offered Moore $750,000 in exchange for a 30% ownership stake and a 10% permanent royalty. Moore tried to amend the terms, but the Sharks reassured him that the money would resolve any potential issues.
Moore accepted the offer, and the partnership with the Sharks helped propel the company to success. First Defense Nasal Screens has since signed distribution agreements across the world and has patents in over 50 countries.
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In 2018, the company signed a distribution agreement with Filter Your Life Healthcare Private Limited to market its products in India. The company is now valued at an estimated $50 million as of July 2021.
First Defense Nasal Screen Net Worth
The firm was estimated to be valued $50 million as of July 2021.
First Defense Nasal Screen Competitors
There are no competitors identified for First Defense Nasal Screen.
First Defense Nasal Screen Shark Tank Updates
First Defense Nasal Screens is a product that was pitched on Shark Tank by Joe Moore in Season 2 Episode 2. The product is a small, stick-on filter that is placed over each nostril to remove up to 99% of allergens, dust, pollen, and dander, reducing allergy symptoms and respiratory irritation.
The product has medical applications, particularly for those who suffer from asthma and are vulnerable to airborne particles. Joe Moore was seeking $500,000 for 10% equity in his company, valuing it at $5 million.
As of 2023, there is an update on First Defense Nasal Screens. The product is still going strong and has fulfilled orders that went up significantly following their appearance on Shark Tank.
The company updated its website and filmed a short video showcasing the benefits of the product, which has been viewed more than 101,000 times. The product is made with a non-latex, hypoallergenic material that fits over the nose and has been lab-tested.
It is a self-adhesive nose filter that provides a more convenient solution than bulky masks for people with respiratory disorders.
Summary (Table) of First Defense Nasal Screen Shark Tank Net Worth 2023
TOPIC | INFORMATION |
Net worth (2022) | $50 million |
Founder | Joe Moore |
Shark Tank | Appeared in Season 2, Episode 2 |
Initial offer on Shark Tank | $500k for 10% equity |
Offer declined on Shark Tank | $4 million for a 30% stake and 10% perpetual royalty |
Final offer on Shark Tank | $750k for a 30% stake and 10% perpetual royalty |
Competitors | None Identified |
Updates (2023) | Fulfilled orders and updated the website |
FAQS | First Defense Nasal Screens are a product that is small, stick-on filter that is placed over each nostril to remove up to 99% of allergens, dust, pollen, and dander, reducing allergy symptoms and respiratory irritation. It has medical applications, particularly for those who suffer from asthma. |
First Defense Nasal Screen FAQS
What Is First Defense Nasal Screen Shark Tank?
First Defense Nasal Screens is a product that was pitched on Shark Tank by Joe Moore in Season 2 Episode 2. The product is a small, stick-on filter that is placed over each nostril to remove up to 99% of allergens, dust, pollen, and dander, reducing allergy symptoms and respiratory irritation.
The filters are comfortable and discrete, yet block nearly all particles from entering the nose. The product has medical applications, particularly for those who suffer from asthma and are vulnerable to airborne particles.
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In March 2021, First Defense Nasal Screens announced that they have opened all distribution worldwide to distributors and will begin offering all customers and distributors discounts to get the help to as many people as possible.
The product can be worn under a mask as an additional or first defense against exposure to respiratory droplets that carry the virus and enter the nasal passages. It can also be worn by itself while eating and communicating or anytime a mask cannot be worn or doesn’t seal.
How Does First Defense Nasal Screen Shark Tank Works?
First Defense Nasal Screens is a stick-on filter that can be placed over each nostril to remove up to 99% of allergens, dust, pollen, and dander, reducing allergy symptoms and respiratory irritation.
The product has medical applications and can be particularly useful for those who suffer from asthma and are vulnerable to airborne particles.
First Defense Nasal Screens appeared on Shark Tank in Season 2 Episode 2, where Joe Moore sought $500,000 for 10% of his company, valuing it at $5 million. The product received the biggest offer ever on the show.
In 2021, First Defense Nasal Screens announced that it can be worn under a mask as an additional or first defense against exposure to respiratory droplets that carry the COVID-19 virus.
The product can also be worn by itself while eating and communicating or anytime a mask cannot be worn or doesn’t seal.
The product is easy to use – users just need to peel and stick the almost invisible sticker directly on their nostrils for instant results. The product is a smart and cheaper way to protect oneself against a host of allergens, germs, pollen, and pollution.
What Happened To First Defense Nasal Screen After Shark Tank?
First Defense Nasal Screens is a self-adhesive nasal screen made of 100% breathable, non-latex, hypoallergenic materials that fit over and cover the nostrils. The product was created by Joe Moore, who appeared on the second season of Shark Tank, asking for $500,000 for 10% of the equity.
The product is designed to clear the air you breathe from a good portion of allergens, which in turn lowers the risk of a person having some sort of allergy or asthma attack.
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After appearing on Shark Tank, First Defense Nasal Screens updated their website and used their funds to fulfill their orders, which went up significantly following their television appearance.
Today, First Defense Nasal Screens is available in over 50 countries worldwide with patents issued in India, Japan, China, US, Canada, and Europe. The net worth of First Defense Nasal Screen is $50 million.
What Is The Current Valuation Of First Defense Nasal Screen Shark Tank?
As of February 2022, the net worth of First Defense Nasal Screens is estimated to be $50 million. The company’s founder, Joe Moore, appeared on Shark Tank seeking a $500k investment in exchange for a 10% equity in his business.
He turned down a $4 million offer from Shark Tank investors for a 30% stake in the company and a 10% perpetual royalty. Despite declining the offer, the investors saw potential and offered him $750,000 for a 30% stake in the company and 10% lifetime royalty.
The business later received an $8 million purchase order signed by Hillary Clinton for the United Arab Emirates, which was facing severe air pollution.
Is First Defense Nasal Screen Shark Tank Still In Business?
It is unclear whether First Defense Nasal Screens is still in business. The company appeared on Shark Tank in season 2, seeking a $500,000 investment for 10% equity in the company. The product is a self-adhesive nasal screen that fits over the nostrils and blocks allergens, dust, pollen, and dander.
The company was valued at $5 million during its appearance on Shark Tank. However, there is no information available on the company’s current status or whether it is still in business. The most recent update on the company is from 2017.
What is First Defense Nasal Screen?
First Defense Nasal Screens (FDNS) is a nasal screen that adheres to the nostrils. It is comprised of 100 % breathable, non-latex, hypoallergenic material.
First Defense Nasal Screens stick to the exterior of their nose, concealing just the nasal passages.
Who is the founder of First Defense Nasal Screens?
Joe Moore is the founder of First Defense Nasal Screens.
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What is the estimated net worth of First Defense Nasal Screen?
The firm is estimated to be valued $50 million as of July 2021.
How much was she seeking in the Shark Tank?
Moore was seeking $500,000 for 10% of the company.
Did he get a deal from the Shark Tank?
He entered into an agreement with the Sharks Mark, Daymond and Kevin.
How much was the deal?
The deal was $750,000 for 30% of the firm, plus a 10% royalty.
When was First Defense Nasal Screens founded?
First Defense Nasal Screens was founded in 2011.
Who are the partners of First Defense Nasal Screen?
In 2018, it signed a distribution agreement with an Indian firm, Filter Your Life Healthcare Private Limited, to market his goods in that country
Where is First Defense Nasal Screen headquartered?
First Defense Nasal Screens is headquartered in New Port Richey, Florida.
Is First Defense Nasal Screen safe?
Made entirely of permeable non-latex, skin-safe material, they do not clog or completely close the nasal passage, resulting in a compliance rate of over 77 percent, compared to less than 30 percent for the dust mask.
How effective are First Defense Nasal Screens?
First Defense’s proprietary Nasal Screens have been laboratory tested and shown to be up to 92% effective against particles 1 micron in diameter and 77% effective against particles as tiny as 0.1 microns.
How does First Defense Nasal Screen work for them?
Invert the nozzle and prevent breathing deeply following nasal spraying; do not tilt their head. Use 2-3 sprays per nostril, up to 4 times per day.
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What is net worth of Joe Moore?
Joe Moore’s net worth is unavailable.
Where can they buy First Defense Nasal Screen?
They can buy First Defense Nasal Screen online and on Amazon.