NootroBox Shark Tank Update | NootroBox after Shark Tank
What is NootroBox?
NootroBox is a firm that seeks to help you become a better version of yourself by providing Nootropic pills.
In mid-2017, the company’s name was changed to HVMN, and it now goes by the moniker NootroBox for its collection of four Nootropic blends: Sprint for energy and concentration, Rise for memory, Kado-3 for Omega-3 fatty acid support, and “Yawn” for natural sleep help.
Geoffrey Woo and Michael Brandt, the company’s founders, came up with the idea for NootroBox in 2014. Woo and Brandt both acquired their entrepreneurial zeal in Silicon Valley’s startup techie milieu.
And in Silicon Valley, where individuals attempt to squeeze every second of productivity out of every second, bivouacking is an unmistakable part of the culture.
Who is the founder of NootroBox?
Geoffrey Woo and Michael Brandt, the company’s founders, came up with the idea for NootroBox in 2014. Woo and Brandt both acquired their entrepreneurial zeal in Silicon Valley’s startup techie milieu.
According to the NootroBox website, Nootropic “are a broad categorization of cognition-enhancing substances with few adverse effects and are acceptable for long-term usage.”
These substances include those found in nature or created by the human body, as well as their synthetic analogs.” In other words, they are vitamins that increase your mental alertness.
They sell a variety of goods. Rise is a dietary supplement that improves your memory, stamina, and resilience. Kado-3 is an omega-3 supplement that provides everyday protection for both the brain and the body.
When you have a long day ahead of you, Sprint provides you a boost for quick clarity, energy, and flow. Yawn is a sleep aid that aids in falling asleep, enhancing sleep quality, and feeling rejuvenated upon waking up.
The product that drew NootroBox attention was their Go Cubes chewable coffee. They claim it provides the same caffeine boost as coffee but without the nervous sensation.
The FDA has certified all of their supplements as GRAS (Generally Recognized As Safe) and/or approved as a dietary supplement substance.
A bottle of supplements contains one month’s worth of nutrients and costs between $39 and $49. Each supplement costs $121 for a full month’s supply. The Go Cubes cost $39 for 20 packages of 4 cubes each.
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What Happened to NootroBox at Shark Tank pitch?
Michael and Geoffrey decided to present their idea to Sharks in episode 10 of season 8 of NootroBox on Shark Tank to aid them with distribution.
Michael and Geoffrey enter seeking for $2 million for a 5% stake in their firm, which is valued at $40 million.
The Sharks are taken aback by the $40 million value, which is the most in Shark Tank history! The Sharks, too, don’t “get” the merchandise.
Chris Sacca goes out because he is concerned about the long-term health repercussions. Lori believes they need a stronger salesperson and she also goes out.
Kevin isn’t going to spend $2 million for sugar cubes, so he’s out. Robert feels they didn’t explain things well enough, therefore he exited.
Mark believes the valuation is absurd and has opted out as well. Finally, the two walk away from the pitch without a deal.
What Happened to NootroBox after Shark Tank?
Despite the fact that the presentation did not result in a deal, the firm is still in operation, selling under the name HVMN (pronounced “human”).
They have monthly sales of over $3 million and have released Ketone, a Ketone ester energy drink. They’ve secured over $2.5 million in funding from investors and look to be gaining traction.
The firm is still in operation as of December 2021, with yearly revenues of $4 million.
Competitors of NootroBox
Mental Mojo, Genuine Health, MakeWay Wellness, Procera, Equilibrium Nutrition, and Arepa are among NootroBox’s main competitors.
Net Worth of NootroBox
The company was valued at $40 million during and after the pitch. Since then the company has been doing well in sales with annual revenue of $4 million. This justify that the company net worth has elevated.
NootroBox FAQs
What is NootroBox?
NootroBox provides Nootropic supplements based on the latest scientific research. Their products support memory, focus, concentration, and energy without the side-effects of stimulants.
Who is the founder?
Geoffrey Woo and Michael Brandt are the co-founders of NootroBox.
How much were asking on Shark Tank?
They were asking for $2 million for a 5% stake in their company, which was valued at $40 million.
Did they have the deal?
No, they didn’t land a deal on Shark Tank.
Is NootroBox still in business?
Yes, the company is still in operation as of December 2021, with yearly revenues of $4 million.
Who are NootroBox competitors?
AmaZest, Mental Mojo, Genuine Health, MakeWay Wellness, Procera, Equilibrium Nutrition, and Arepa are some of the company’s main competitors.
How much money has NootroBox raised?
The company has risen over $2.5 million from investors as of December 2016.
What are Nootropics?
Nootropics are substances that improve cognitive function, particularly attention control (the ability to concentrate on one aspect of an environment in the presence of distracting stimuli). Examples include caffeine, chorine, and L-thiamine.
Is NootroBox a scam?
It is a fact that NootroBox is not a scam. Even though they didn’t land a deal on Shark Tank, they are still in business and doing well.
Are Nootropics safe?
Nootropic are usually very safe. Most of them have no known side-effects other than the ones caused by a caffeine overdose. Caffeine, for example, can cause heart arrhythmia and dehydration in sensitive individuals.
Where is NootroBox these days?
HVMN, formerly NootroBox, is an American firm that makes and distributes a Ketone ester drink, ketogenic diet items, and Nootropic supplements.
San Francisco is the company’s headquarters. HVMN is an abbreviation for “Health via Modern Nutrition.”
What exactly are go cubes?
They created Go Cubes, which are chewable coffee cubes. Coffee has the same impact as Go Cubes. Half a cup of coffee is equivalent to one cube (50 mg caffeine).
What is better, a go cube or a Rubik’s cube connected?
The Rubik’s Connected has a more traditional appearance and feel. The edges of the cube are crisper, and the colors on the sides are stickers. The GoCube has rounded sides and a sticker less design, with the cube’s parts being the actual colors.
What is the caffeine content of go cubes?
Each cube is a food, not a supplement, and contains the following ingredients: 50 milligrams of caffeine, which is roughly the equal of half a cup of coffee. 500% of their recommended requirement of vitamins B6 (essential for food processing) and B12 (important for keeping blood and nerve cells healthy)
Are the Go cubes vegan?
GO Cubes are gluten-free and vegan. NootroBox, situated in San Francisco, creates GO Cubes.
Is NootroBox accepting PayPal?
Yes, NootroBox accepts PayPal payments and can be found on the company’s website: https://nootrobox.com/
How to I contact NootroBox?
382 NE 191st St. PMB 29363 Miami, Florida 33179-3899, Call: 1 (833) 415-4866 (Mon-Fri, 10 AM – 5 PM PST) o
What is the return policy of NootroBox?
Customers can return an item within 30 days of purchase with the following exceptions: They have received a defective or damaged product they have not received an order confirmation email from them, but they have still ordered NootroBox products.
Can I cancel my order?
Yes, customers can cancel their order through the website. They will receive a refund less a $3 fee per product.
What are my rights if there is a problem with my purchase?
If customers feel they’ve been treated unfairly by NootroBox, they have legal rights to pursue the complaint through their state’s attorney general office, or if they are located in their hometown, the local state district court.
What are the most popular products sold by NootroBox?
The most popular products sold by NootroBox include the Mentari (35 mg Ketone ester supplement) and the Coffee Creations (Coffee Cube), a variety of delicious and nutritious coffee cubes that are 100% plant-based.
What is the net worth of Geoffrey Woo?
Geoffrey Woo’s net worth is unknown.
What is the net worth of Michael Brandt?
Michael Brandt’s net worth is estimated at $1.5 million.
