Invisiplug Shark Tank Net Worth

Invisiplug appeared on Shark Tank seeking an investment of $125,000 for 10% equity. At the time of their appearance, Invisiplug was valued at around $1.25 million. The product was a power strip that blended in with hardwood floors.

Despite doing great business and having huge sales numbers after striking a deal with Lori Greiner, Invisiplug went out of business in 2017. Michael Barzman, one of the founders, was caught up in a police case for felony assault with a firearm in July 2016 and pleaded not guilty in November 2016.

As of 2023, Invisiplug’s net worth is unknown because the business is no longer in operation since 2017 and the product is no longer available in the market. The founders’ net worths are also unknown as of 2023.

What was Invisiplug and Who are the Invisiplug founder?

Invisiplug is a surge protector designed to blend in seamlessly with hardwood floors. In contrast to ordinary surge protectors or power strips, Invisiplug comes in three different colors: Natural, Medium Cherry, and Dark Oak. It is available in two sizes: basic and deluxe.

The founders of Invisiplug are Michael Barzman and Bryan O’Connell. They launched the product at Lowes Home Improvement Stores in June 2013 and it is also sold on Amazon.

Barzman and O’Connell came up with the idea for Invisiplug after noticing how unattractive standard power adapters looked in people’s homes. They realized that they could create a product that would blend in with any home décor, and Invisiplug was born.

The product features a plastic, wood grain appearance that complements wood flooring perfectly and costs approximately the same as regular power strips and surge protectors.

Invisiplug Shark Tank Pitch

Bryan and Michael presented Invisiplug on Shark Tank Season 5 Episode 14, seeking $125,000 for a 10% stake in their company, which is valued at $1.25 million.

They had sold about 1,500 units within two months, but Mark decided not to invest, feeling that the product should be more high-end. Robert was hesitant and claimed that he didn’t see a market for the product, while Kevin thought the valuation was too high since the company had not yet made many sales. Barbara liked the product and would have bought three dozen, but she agreed with Kevin on the valuation, and Lori had some questions.

Lori ultimately offered $125,000 for a 10% stake in the company, with a $1 per unit royalty until she recouped her investment and 25 cents per unit in perpetuity. Robert later offered $125,000 for 25% of the company, which was negotiated down to 20%, but the deal fell apart due to disagreements.

Ultimately, Lori invested in Invisiplug, and it became one of her All-Stars. The product was available at Target, Staples, and Amazon.

Michael Barzman, one of the founders, was arrested for felony assault with a handgun in July 2016, and the company went out of business in December 2017. Barzman was arrested again for assault with a handgun in January 2020, and although he entered a guilty plea, the charges were dropped. Currently, he is operating an auction company, while Bryan O’Connell is keeping a low profile. It seems unlikely that the company will receive an individual update in the future.

Table Summary: Invisiplug Shark Tank

TOPIC	INFORMATION
Company Name	Invisiplug
Product	Surge protector/power strip
Unique Selling Proposition	Blends in seamlessly with hardwood floors
Founders	Michael Barzman and Bryan O’Connell
Shark Tank Pitch	$125,000 for 10% equity, with a valuation of $1.25 million
Shark Tank Outcome	Lori Greiner invested $125,000 for 10% equity plus a $1 per unit royalty until she recouped her investment and 25 cents per unit in perpetuity
Competitors	None identified
Net Worth	Unknown since the company went out of business in 2017
Updates	Michael Barzman was arrested for felony assault with a firearm in July 2016, and the company went out of business in December 2017. Barzman pleaded guilty to making false statements to the FBI about forged paintings he created and sold, attributing the forged paintings to the late Jean-Michel Basquiat in April 2023. Bryan O’Connell is keeping a low profile.
Availability	The product is no longer available in the market since the company is no longer in operation since 2017

What is the Net Worth of Invisiplug?

Bryan and Michael appeared on Shark Tank Season 5 Episode 14 in search of $125,000 for a 10% stake in their company. This translates to a $1.25 million valuation.

They accepted an offer from Lori of $125,000 for 10% of the firm plus a $1 per unit royalty until she recoups her investment plus 25 cents per unit in perpetuity thus the same valuation.

The current valuation is unavailable since they are out of business.

Who are the Competitors of Invisiplug?

There are no competitors identified for Invisiplug.

Invisiplug Shark Tank Updates

Invisiplug is a power strip that blends in with hardwood floors, created by Michael Barzman and Bryan O’Connell. Invisiplug appeared on Shark Tank in Season 5, Episode 14, seeking an investment of $125,000 for 10% equity, with a valuation of $1.25 million.

At the time of their appearance, they had sold about 1,500 units within two months. Mark Cuban decided not to invest, feeling that the product should be more high-end.

Robert was hesitant and claimed that he didn’t see a market for the product, while Kevin thought the valuation was too high since the company had not yet made many sales.

Despite not getting a deal on Shark Tank, Invisiplug went on to do big sales and become one of Lori’s All Stars. The products are now sold in Target and Staples, as well as Amazon. However, in July 2016, Michael Barzman was caught up in a police case for felony assault with a firearm.

In November 2016, he pleaded not guilty, with a bail of $50,000. As of August 2022, Barzman is running an auction business and O’Connell is keeping a low profile.

In April 2023, Barzman pleaded guilty to making false statements to the FBI about forged paintings he created and sold, attributing the forged paintings to the late Jean-Michel Basquiat.

Invisiplug FAQS

What Is Invisiplug And How Does It Work?

Invisiplug is a surge protector power strip that was designed to blend into hardwood floors or furniture surfaces.

It was created by Mike Barzman and Brian O’Connell, who felt that traditional black, white, and beige surge protectors did not blend in well with natural wood in floors, walls, baseboards, and furniture.

The Invisiplug power strip features a wood-grain look in three different shades: light, medium, and dark. It has six surge-protected outlets and three feet of cord. In addition, the Invisiplug Deluxe Surge Protector has six outlets and two USB ports.

The product was featured on Shark Tank in Season 5, where the founders were seeking an investment to help them fill inventory.

The product retailed for $14.99 and had only been selling for about six weeks prior to filming, with 1,500 units sold and gross sales of $10,000.

Who are the Invisiplug Founders?

Michael Barzman and Bryan O’Connell created Invisiplug after being struck by how unpleasant standard power adapters appear in people’s homes.

What Was The Outcome Of The Invisiplug Shark Tank Pitch?

Invisiplug appeared on Shark Tank Season 5 Episode 14, seeking $125,000 for a 10% stake in their company, which was valued at $1.25 million. The product was a power strip that blended in with hardwood floors.

Invisiplug comes in two varieties: standard and deluxe, which are wooden power strips and surge protectors. The co-founders, Michael Barzman and Bryan O’Connell, pitched their product to the Sharks seeking help with purchase orders and big box distribution.

During the pitch, Mark Cuban did not invest, feeling that the product should be more high-end. Robert Herjavec was hesitant and claimed that he did not see a market for the product, while Kevin O’Leary thought the valuation was too high since the company had not yet made many sales.

However, Lori Greiner saw the potential in the product and made a deal with the co-founders. She invested $125,000 in exchange for 10% equity, with $1 royalty per unit sold until the loan was repaid.

Invisiplug went on to become one of Lori’s All Stars and was sold in Target, Staples, and Amazon. The company’s successful business model was all about what you don’t see, yet Shark Tank investors saw its great potential.

What Happened To Invisiplug After Its Appearance At The Shark Tank?

Invisiplug, the company that produces wooden power strips and surge protectors, found success after its appearance on Shark Tank.

The co-founders, Michael Barzman and Bryan O’Connell, appeared on the show seeking an investment of $125,000 for 10% equity. They received the investment they asked for, with a $1 royalty per unit sold until the loan was repaid.

After the deal was struck with Lori Greiner, Invisiplug had huge sales numbers and was available on Amazon as well as in Staples and Target.

However, in July 2016, Michael Barzman was caught up in a police case for felony assault with a firearm. In November 2016, he pleaded not guilty, with a bail of $50,000. Despite doing great business, Invisiplug went out of business in 2017.

The current net worth of Invisiplug is unknown, as the business is not in operation since 2017 and the product is no longer available in the market. The net worths of the founders are also unknown as of 2023.

How much were they seeking in the Shark Tank?

They asked for $125,000 for 10% of their company. This translates to a $1.25 million valuation.

How much did they get?

They received an offer from Lori of $125,000 for 10% of the firm plus a $1 per unit royalty until she recoups her investment plus 25 cents per unit in perpetuity thus same valuation.

Is Invisiplug still in operation?

In November of 2016, the lawsuit was dismissed. The company went out of business in December of 2017.

When was Invisiplug founded?

Invisiplug launched at Lowes Home Improvement Stores in June 2013.

Where was Invisiplug headquartered?

The headquarters of Invisiplug was located at Gloria Ave Encino, CA, USA.

What does Invisiplug do?

The firm manufactures surge protectors that are meant to fit in with hardwood floors and blend into home décor.

Why was Michael Barzman arrested?

On July 2, 2016, Barzman was arrested on felony assault charges after he reportedly pulled a pistol on a man smoking a cigarette outside his home. The case was dismissed three months later.

How much was Invisiplug cost?

The standard model costs $19.99, while the deluxe variant (with two USB ports) costs $29.99.

What is the net worth of Mike Barzman?

Mike Barzman’s net worth is unavailable.

What is the net worth of Bryan O’Connell?

Bryan O’Connell’s net worth is unavailable.

When was Invisiplug featured on Shark Tank?

The pair appeared on Shark Tank on January 17th, 2014.

Where can they buy Invisiplug?

They are no longer in business.

Where are the founders now?

Barzman is operating an auction company as of August 2021, while O’Connell is keeping a quiet profile.

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