Welcome to my article on Inchbug’s journey on Shark Tank and its net worth before and after the show. Inchbug, founded by Brenda Lee Feldman in 2004, is a renowned company specializing in customizable labels for bottles and sippy cups. With annual sales revenue exceeding $5 million, Inchbug has established itself as a leader in the industry.
In 2016, Inchbug appeared on season 7 of Shark Tank, seeking a $400,000 investment for 10% equity. The company’s valuation during the pitch was $4 million. Although they didn’t strike a deal with the Sharks, Inchbug’s success story didn’t end there.
The Orbit Label, Inchbug’s flagship product, has been instrumental in its growth. These reusable labels have seen tremendous demand and contributed significantly to the company’s revenue. Brenda Lee Feldman, the founder of Inchbug, has played a pivotal role in the company’s achievements.
Key Takeaways:
- Inchbug appeared on season 7 of Shark Tank but didn’t secure a deal.
- The company’s net worth as of November 2023 is $5 million.
- The Orbit Label, a line of customizable labels, has been a major contributor to Inchbug’s success.
- Brenda Lee Feldman, the founder of Inchbug, has a net worth of $5 million.
- Inchbug’s revenue has crossed the $5 million mark annually.
InchBug’s Shark Tank Pitch and Valuation
InchBug, the company specializing in customizable labels for bottles and sippy cups, made their highly anticipated appearance on Season 7, Episode 25 of Shark Tank. The founder, Brenda Lee Feldman, confidently pitched their innovative product line to the panel of wealthy investors.
During the pitch, Feldman sought a $400,000 investment in exchange for 10% equity in the company. With a valuation of $4 million, InchBug presented itself as a promising investment opportunity. The Sharks, however, had mixed reactions to the pitch.
The Sharks expressed interest in InchBug’s main product, the Orbit Labels, which are reusable and customizable labels for various items. They saw the value in a product that catered to parents and caregivers. However, concerns were raised regarding another product showcased during the pitch – the MyDrinky juice box holder. The Sharks questioned its complexity and were hesitant about its potential sales figures.
In the end, none of the Sharks made a deal with InchBug. Despite this setback, the company persevered and continued to thrive in the market. The failure to secure an investment did not hinder the success that awaited InchBug beyond the Shark Tank.
| Shark | Deal Offered | Reason for Not Investing |
|---|---|---|
| Mark Cuban | No deal | Concerns about the MyDrinky product |
| Barbara Corcoran | No deal | Uncertainty about the product’s potential |
| Kevin O’Leary | No deal | Questioned the scalability of the business |
| Lori Greiner | No deal | Not enough potential for growth |
| Robert Herjavec | No deal | Concerns about the complexity of the MyDrinky product |
InchBug’s Success and Accomplishments
Since our appearance on Shark Tank, InchBug has experienced remarkable success and achieved significant growth. One of our key contributors to revenue is our innovative product, the Orbit Labels. These customizable and reusable labels for various items have become a favorite among parents and caregivers.
We are proud to share that our annual sales for the Orbit Labels have reached approximately $2 million. This tremendous achievement is a testament to the trust and loyalty of our valued customers who continue to choose InchBug for their labeling needs.
In addition to the Orbit Labels, we have expanded our product line to include allergy alerts and personalized stickers. This expansion has allowed us to cater to a wider audience and provide even more options for customization.
Brenda Lee Feldman, the founder of InchBug, has been instrumental in our success. Her passion, dedication, and innovative ideas have propelled our company forward, making us a recognized brand in the industry. As of 2023, our net worth has grown to an impressive $5 million, reflecting the hard work and determination of our entire team.
Today, InchBug remains in business and our products are readily available for purchase on our official website as well as other online retailers. We are committed to continuing our journey of success, providing high-quality customizable labels, and meeting the unique needs of our customers.
FAQ
How much is InchBug’s net worth?
As of November 2023, InchBug’s net worth is $5 million.
When did InchBug appear on Shark Tank?
InchBug appeared on Season 7, Episode 25 of Shark Tank.
What was the valuation of InchBug during the Shark Tank pitch?
The company was valued at $4 million during the Shark Tank pitch.
Did InchBug receive a deal from the Sharks?
No, InchBug did not receive a deal from the Sharks.
What is InchBug’s main product?
The main product of InchBug is the Orbit Label, a line of customizable, reusable labels for various items.
How much annual sales revenue does InchBug achieve?
InchBug has achieved annual sales revenue of over $5 million.
What other label products does InchBug offer?
InchBug has expanded its product line and developed new label products, such as allergy alerts and personalized stickers.
Who is the founder of InchBug?
The founder of InchBug is Brenda Lee Feldman.
What was Brenda Lee Feldman seeking during the Shark Tank pitch?
Brenda Lee Feldman was seeking a $400,000 investment in exchange for 10% equity in the company.
How has InchBug thrived after appearing on Shark Tank?
Despite not receiving a deal from the Sharks, InchBug has continued to grow and expand its product line.
Where can InchBug’s products be purchased?
InchBug’s products are available for purchase on its official website as well as other online retailers.