Peoples Design Scooping Bowl Shark Tank Net Worth 2023
Peoples Design Scooping Bowl Shark Tank Net Worth
Tyler Peoples, the inventor of the Scooping Bowl and founder of Peoples Design, appeared on Shark Tank in 2017.
The company was valued at $300,000 during the pitch, after the investment done by Lori Greiner the company valued at $227,000. He asked for a $75,000 investment for a 25% share of his company.
Lori Greiner offered him a deal of $75,000 for a 20% share and a $1 royalty per bowl sold. Tyler accepted the offer and left the show with a win-win deal.
Since then, Peoples Design has rebranded the Scooping Bowl to The Squeebie Bowl and sold $500,000 worth of them in two years after its original air date.
In 2018, they were featured on QVC. As of February 23, 2023, it is unclear what Peoples Design’s net worth is or how much money they have made from sales of the Scooping Bowl.
What is Peoples Design Scooping Bowl? Who is the founder of Peoples Design Scooping Bowl?
The Scooping Bowl is a kitchen tool that resembles a mixing bowl, but it comes with a built-in spatula and colander. It features a spout that makes pouring the mixture very convenient.
With its semi-circular and hinged insert, the Scooping Bowl enables you to easily and quickly scoop out the food contents.
Tyler Peoples, an accomplished chef who has worked at some of the finest restaurants in Colorado, invented the Scooping Bowl.
In 2014, he was named Chef of the Year by the American Culinary Federation. Currently, he serves as the Director of Social Enterprise at Springs Rescue Mission in Denver, Colorado.
The unique shape of the mixing bowl also allows for effortless straining of food components. Additionally, the insert can be used as a separator to keep chips and dip separate in the same dish.
Peoples, who is a personal chef from Colorado Springs, Colorado, created the Scooping Bowl to save time, space, and money in the kitchen.
As of now, the Scooping Bowl is the only product offered by Peoples Designs, but there may be more products in the works.
The Scooping Bowl is essentially a bowl that comes with a spatula. The hinged, semi-circular attachment in the mixing bowl enables you to swiftly and simply scoop out the contents without the need for any extra utensils. It’s priced at $24.95 and is only sold through the company’s website.
Peoples Design Scooping Bowl at Shark Tank Pitch
Tyler chose to present his invention, the Peoples Design Scooping Bowl, to investors on Shark Tank in episode 23 of season 8. He sought their assistance with manufacturing and distribution.
Tyler asked for $75,000 in exchange for a 25% stake in his company, which was valued at $300,000. He showcased various uses for his bowl and handed out samples.
Tyler mentioned that he had progressed beyond the prototype stage and had filed for a patent. The bowls cost $5.80 to make and $24.95 to sell, but he had only sold 200 units. Tyler claimed that the product sold best when people saw it in action.
Lori offered $75,000 for a 33.3% stake in the company and pledged to sell the product on QVC, Bed Bath & Beyond, and other platforms. Mark declined to invest, while Robert and Daymond followed suit.
Kevin urged Tyler to accept Lori’s offer. Tyler then proposed a royalty agreement to Lori, which involved her paying him $75,000 in exchange for a 25% stake in the company and a $1.00 fee per bowl sold.
Lori expressed reservations about Tyler’s sales figures but stuck to her original offer, and Tyler ultimately accepted the deal.
Following the episode, Lori’s investment in Peoples Design was finalized, and the product was made available on QVC under the name “Squeebie Bowl.”
The scooping bowl may have been undergoing design revisions or patent filings, but it is not yet available to the general public.
Competitors of Peoples Design Scooping Bowl
The Scooping Bowl’s main competitor is the Bamboo Mixing Bowl.
Net Worth of Peoples Design Scooping Bowl
The company was valued at $300,000 during the pitch, after the investment done by Lori Greiner the company valued at $227,000. Since the company is no longer in operation then the company net worth is unavailable.
Peoples Design Scooping Bowl Shark Tank Updates
Tyler Peoples, a former executive chef, pitched his uniquely-designed Scooping Bowl to the sharks of the popular ABC series “Shark Tank” in May 2017.
The bowl was intended to make preparing and serving food easier by acting as a mixing bowl, colander, scoop, and even a spatula.
Peoples initially sought a $300,000 valuation for his product and eventually closed a deal with Lori Greiner for $75,000 in exchange for 33% equity.
After rebranding it to The Squeebie Bowl, they sold $500,000 in the two years after the original air date. However, the company is already out of business.
Peoples Design’s Scooping Bowl was designed by a professional chef, to benefit the at-home chef. The bowl was crafted in lightweight, durable plastic that’s BPA free, and features simple double handles and a built-in contoured spatula.
The bowl was designed to be ideal for mixing, making, and serving a variety of dishes. Peoples’ own background in innovative art and restaurants have come together to bring this product to market.
Summary Table of the Peoples Design Scooping Bowl
| ITEM | INFORMATION |
| Product Name | Peoples Design Scooping Bowl / Squeebie Bowl |
| Founder | Tyler Peoples |
| Pitched On Shark Tank | Season 8, Episode 23 (May 2017) |
| Company Valuation | $300,000 during the pitch, $227,000 after Lori Greiner’s investment |
| Offer On Shark Tank | Lori Greiner offered $75,000 for a 20% share and a $1 royalty per bowl sold |
| Sales | Sold $500,000 worth of the Squeebie Bowl in two years after its original air date |
| Rebranded To | The Squeebie Bowl |
| Appearance On QVC | Yes, in 2018 |
| Net Worth (As Of Feb 2023) | Unknown, the company is no longer in operation |
| Competitors | Bamboo Mixing Bowl |
| Unique Features | Built-in spatula and colander, spout for convenient pouring, semi-circular and hinged insert |
| Price | $24.95, only sold through the company’s website |
Peoples Design Scooping Bowl FAQs
What Is Peoples’s Design Scooping Bowl And How Does It Work?
The Peoples Design Scooping Bowl is a multi-purpose kitchen tool designed by Tyler Peoples, a former executive chef who left his job to work at a local Rescue Mission, where he served thousands of struggling families in his community.
The bowl is a combination of a bowl, a spatula, and a colander, and is intended to make preparing and serving food easier by acting as a mixing bowl, colander, scoop, and even a divided chip and dip bowl.
The bowl is made of lightweight, durable plastic that is BPA-free and features simple double handles and a built-in contoured spatula.
The bowl’s scooping tool is designed to stay flush with the bottom of the bowl, making it easy to clear ingredients from the bottom of the bowl.
The bowl’s patent-pending spatula assembly removes the ingredients in one smooth movement, leaving the bowl clean and ready to mix up more kitchen magic.
The bowl can also be used to keep foods separate, wash and drain foods from the same bowl, and even separate eggs.
Peoples pitched the bowl on the popular ABC series “Shark Tank” in May 2017, seeking a comparatively reasonable valuation of $300,000.
While the sharks did not invest in the product, Peoples continued to develop and market the bowl under his brand, Peoples Design.
The bowl has undergone a few design updates and is now called the Squeebie Multi-Purpose Mixing Bowl. A demonstration of the product can be seen on QVC’s website.
Who is the founder?
Tyler Peoples founded the Scooping Bowl. Tyler is a skilled chef who has worked in some of Colorado’s best restaurants.
What Was The Outcome Of Tyler Peoples Raise After Shark Tank?
Tyler Peoples appeared on Shark Tank in Season 8, Episode 23, to pitch his company, Peoples Design, and his uniquely-designed Scooping Bowl.
He asked for a $75,000 investment in exchange for 25% equity in his company. All the sharks, except Lori Greiner, dropped out quickly.
Lori offered Tyler $75,000 for 33.3% equity in his company. Tyler initially tried to counter with a royalty offer, but ultimately accepted Lori’s deal.
According to a February 2023 article, Tyler’s scooping bowl appears to be caught in limbo. The deal with Lori has been verified as complete by numerous sources, but the website where the scooping bowl was sold is no longer active. It is unclear whether Tyler’s scooping bowl is still being sold or if his company is still in operation.
How Much Did Tyler Peoples Raise On Shark Tank?
Tyler Peoples raised $75,000 in exchange for 33% equity from Lori Greiner on Shark Tank for his company Peoples Design, which pitched the All-In-One Scooping Bowl.
The bowl combines a bowl, spatula, and colander in one product and was later rebranded as The Squeebie Bowl. The company was valued at $300,000 during the pitch.
After the deal with Lori, the company sold $500,000 worth of The Squeebie Bowl in two years. As of February 23, 2023, it is unclear what Peoples Design’s net worth is or how much money they have made from sales of the Scooping Bowl.
What Is The Current Status Of Peoples Design Scooping Bowl?
Peoples Design Scooping Bowl is a product that was pitched on Shark Tank by Tyler Peoples, a chef and entrepreneur from Colorado Springs.
The bowl was designed to make preparing and serving food easier by acting as an all-in-one scooping bowl with a built-in spatula that lets you strain and remove its content quickly with minimal fuss.
The product was valued at $300,000 during the pitch, and Lori Greiner invested $75,000 for 33% equity.
According to estimates online, the Squeebie Bowl (formerly known as the Scooping Bowl) managed to sell $500,000 worth of product in two years after Tyler went on Shark Tank.
However, it appears that Peoples Design is no longer producing the bowls. The Scooping Bowl site is defunct, and the last tweet from the company came in 2018.
The bowl is listed as unavailable on QVC, and the last dated offering of one for sale on Facebook’s Squeebie Bowl Fan Club was.
It is unclear whether the company has permanently closed or if they plan to bring the product back to market in the future.
Tyler Peoples continues to utilize his entrepreneurial spirit and chef skills at Spring Rescues Mission in Colorado Springs.
How much was asking on Shark Tank?
Tyler was asking for $75,000 for 25% stake of his company.
Did he get the deal?
Yes, he got the deal from Lori Greiner.
How much was the deal?
Lori Greiner offered $75,000 for 33.3% ownership of the company.
Is Peoples Design Scooping Bowl still in business?
The company is no longer in operation.
Where can I order Peoples Design Scooping Bowl?
Customers can’t order Peoples Design Scooping Bowl anymore because the company is no longer in operation since the deal that was struck with Lori Greiner.
What is Peoples Design Scooping Bowl website?
The website doesn’t work anymore because the company is no longer in operation.
Was Peoples Design Scooping Bowl scam?
It is not a scam because it was still in operation before the episode aired.
Who are the competitors of Peoples Design Scooping Bowl?
The scoops bowl competes with Bamboo Mixing Bowl.
How was the business model?
Peoples Design Scooping Bowl was unique in its use of a scooping concave shape.
What was the revenue model?
The scooping bowl was primarily sold one at a time.
Why would people buy Peoples Design Scooping Bowl?
Peoples Design Scooping Bowl is useful for making omelets and dipping sauces.
What is the estimated volume of sales?
It was estimated that Peoples Design Scooping Bowl would sell 200 units per month.
Is Peoples Design Scooping Bowl still a profitable venture?
The company is no longer in operation.
Who were the Customers of Peoples Design Scooping Bowl?
The scooping bowl, which is currently only available through Peoples Design, has already been endorsed by Laura Bush.
Was Peoples Design Scooping Bowl accepting PayPal?
Peoples Design Scooping Bowl accepts PayPal.
Were there coupon codes for Peoples Design Scooping Bowl?
The scooping bowl was initially sold on a first-come, first-served basis.
Did Peoples Design Scooping Bowl require a minimum order of 20?
No, the company did not require a minimum order of 20 which is what they’ll find with most other companies.
Are any plans for Peoples Design Scooping Bowl to resume?
There are no plans that Peoples Design Scooping Bowl will resume.
Are there any investor offers for Peoples Design Scooping Bowl?
No, there is no information about any offers for the company.
Was Peoples Design Scooping Bowl legit?
Yes, Peoples Design Scooping Bowl was a legitimate company.
What were the strengths of Peoples Design Scooping Bowl?
The company had a creative idea.
What was the weakness of Peoples Design Scooping Bowl?
The company did not perform well in sales.
Where is Peoples Design Scooping Bowl located?
Peoples Design Scooping Bowl is located in Colorado.
What were the lawsuits of Peoples Design Scooping Bowl?
It was not known if the company had any lawsuits.
What is the net worth of Tyler Peoples?
The net worth of Tyler Peoples is estimated at $16 million.
