Gunnar Shark Tank Net Worth (Before and After Shark Tank)

Gunnar Optiks, founded by Joe Croft in 2007, is a company that sells eye glasses designed to eliminate digital eye strain. As of September 2023, Gunnar Optiks’ net worth is $7.5 million with an annual revenue of $7.1 million.

In February 2018, Gunnar Optiks appeared on Season 9 of Shark Tank and made a deal with Lori Greiner for $750,000 in exchange for 8% equity. This deal resulted in a final valuation of the company at $9.4 million.

Gunnar Optiks is still in business as of September 2023, offering their products on their company website and various e-commerce channels. The company currently has over 25 employees.

Key Takeaways:

• Gunnar Optiks’ net worth is $7.5 million as of September 2023.
• Gunnar Optiks made a deal on Shark Tank with Lori Greiner for $750,000 in exchange for 8% equity.
• The company’s valuation after the deal was $9.4 million.
• Gunnar Optiks is still in business and has over 25 employees.
• The company sells eye glasses designed to eliminate digital eye strain.

Gunnar Optiks Net Worth Timeline

When it comes to the net worth of Gunnar Optiks, the company has seen some fluctuations throughout the years. As of 2023, their net worth stands at $7.5 million, the same as it was in 2022. In 2021, their net worth was $7 million, and in 2020 it reached $8.5 million. These figures paint a picture of the company’s financial stability over time.

However, it’s worth noting that the net worth valuation of Gunnar Optiks in 2018, after their appearance on Shark Tank, was $9.4 million. This marked a significant increase from their initial valuation of $15 million before appearing on the show. While the company received a substantial investment and secured a partnership with Lori Greiner on Shark Tank, their net worth has since adjusted.

To further understand the financial journey of Gunnar Optiks, take a look at the table below:

Year	Net Worth (in millions)
2023	$7.5
2022	$7.5
2021	$7.0
2020	$8.5
2018 (After Shark Tank)	$9.4
Pre-Shark Tank	$15.0

From the table, it’s evident that while Gunnar Optiks experienced a boost in net worth after their appearance on Shark Tank, their value has since stabilized. However, the company remains a successful player in the market, offering eye glasses designed to alleviate digital eye strain and generating an annual revenue of $7.1 million as of September 2023.

Gunnar Optiks Pitch on Shark Tank

During our Shark Tank pitch in Season 9, Episode 22, I presented Gunnar Optiks’ revolutionary eyeglasses designed to eliminate digital eye strain. With the increasing prevalence of vision problems among individuals spending long hours in front of computers, our products aimed to provide a solution that would improve comfort and protect their eyes.

I started the pitch by asking for $750,000 in exchange for a 5% equity stake in the company. However, I was fortunate to strike a deal with the renowned investor Lori Greiner. She recognized the potential of our business and offered to invest $750,000 for an 8% equity stake.

The pitch emphasized the unique benefits of Gunnar Optiks glasses. We highlighted how our eyewear could reduce digital eye strain and enhance visual performance for professionals and gamers alike. The response from the Sharks was overwhelmingly positive, and our partnership with Lori Greiner has proven to be instrumental in the growth and success of our company.

Table: Gunnar Optiks Shark Tank Pitch Details

Episode	Asking Amount	Equity Offered	Final Deal
Season 9, Episode 22	$750,000	5%	$750,000 for 8%

Our appearance on Shark Tank not only provided us with the necessary capital to expand our operations but also served as a platform to showcase our innovative eyewear to a wide audience. Since the show, Gunnar Optiks has experienced significant growth, and our products continue to be sought after by individuals looking to protect their eyes from the harmful effects of digital screens.

Gunnar Optiks Founder and Key Accomplishments

Let me introduce you to the visionary behind Gunnar Optiks: Joe Croft. As an optical engineer, Joe noticed a common problem among his patients – vision issues caused by long hours of computer work. In 2007, he took matters into his own hands and founded Gunnar Optiks, a company aimed at solving this problem.

Today, Joe Croft is not only known as the founder of Gunnar Optiks but also as a prominent entrepreneur who made his mark on the popular TV show Shark Tank. His appearance on the show in 2018 catapulted the company to new heights, attracting significant investments and widespread recognition.

With his entrepreneurial spirit and innovative product, Joe Croft caught the attention of the esteemed Shark Tank investor panel. While he initially asked for $750,000 in exchange for 5% equity, he struck a final deal with Lori Greiner, who invested $750,000 for an 8% stake in the company. This partnership has proven to be invaluable in Gunnar Optiks’ journey towards success.

As of 2023, Joe Croft’s net worth stands at an impressive $7.5 million. This achievement, coupled with the company’s annual revenue of over $8 million in 2021, solidifies Joe’s status as a true Shark Tank success story. Gunnar Optiks continues to thrive, thanks to Joe’s dedication and his innovative solution to digital eye strain.