Springer Dog Water Bottle Shark Tank Net Worth (Before and After Shark Tank)

In 2022, the Springer Dog Water Bottle was featured on the TV show Shark Tank. The company was founded by siblings Griffin and Shannon Ross. Before appearing on Shark Tank, the net worth of Springer was 6.6 million USD. However, as of 2022, the current net worth of the business is 1.7 million USD. The founders, Griffin and Shannon Ross, have a net worth of 1.6 million USD. The appearance on Shark Tank has brought recognition to Springer, and the product is now available on Amazon and other pet care online stores. Springer has also introduced mini-sized bottles for small dogs like Pugs and Beagles. The company donates 1% of its sales revenue to charity.

Key Takeaways:

• Springer Dog Water Bottle’s net worth decreased from 6.6 million USD to 1.7 million USD after appearing on Shark Tank.
• The founders, Griffin and Shannon Ross, have a net worth of 1.6 million USD.
• Springer gained recognition after the Shark Tank appearance and is now available on Amazon and other online stores.
• Mini-sized bottles are now offered for small dogs like Pugs and Beagles.
• Springer donates 1% of its sales revenue to charity.

The Shark Tank Pitch and Deal

During our Shark Tank pitch, my sister Shannon and I asked for a deal of $400,000 for 6% equity in our business, Springer. We were excited to showcase our innovative dog water bottle, which had already won 8 patents and generated $1.7 million in sales in 2020.

However, not all of the Sharks were impressed with our sales figures, and they questioned the valuation of our company. Mark Cuban and Robert Herjavec decided to pass on the investment opportunity, while Daymond John expressed doubts about the valuation. Kevin O’Leary saw potential in our product and made an offer of $400,000 for 2% equity and a royalty.

But it was Lori Greiner who truly believed in our product and its potential. She offered us $400,000 for 10% equity with preferred stock. After carefully considering our options, Shannon and I decided to accept Lori’s offer. This deal has not only provided us with the necessary funds but also the guidance and expertise of a successful entrepreneur like Lori.

The Springer Shark Tank Deal:

Shark	Offer	Equity	Deal Status
Mark Cuban	No offer	–	Pass
Robert Herjavec	No offer	–	Pass
Daymond John	Expressed doubts	–	No deal
Kevin O’Leary	$400,000 + royalty	2%	No deal
Lori Greiner	$400,000	10% (preferred stock)	Deal Accepted

Springer’s Success and Competition

After Springer’s appearance on Shark Tank, I am thrilled to share their tremendous success and growing popularity. The product quickly gained traction on social media platforms, accumulating an impressive following of over 4500 pet enthusiasts.

Springer’s success can be attributed to its innovative design and user-friendly functionality. As the Covid-19 pandemic led to an increase in pet ownership, the demand for effective pet care products soared. Springer’s unique water bottle design, coupled with its convenient solution for keeping dogs hydrated during outdoor activities, made it a go-to choice for dog owners.

What sets Springer apart from its competition is its eight patents. With a patent-protected design, Springer faced limited competition, allowing the company to establish its presence in the market. The recognition gained through Shark Tank further solidified Springer’s position as a trusted brand in the pet care industry.

Springer’s Social Media Presence

Given the significant role of social media in today’s world, Springer recognized the importance of establishing a strong online presence. Through engaging content and informative posts, Springer has successfully connected with its target audience and fostered a community of loyal customers.

With regular updates on their products, tips for pet care, and heartwarming stories shared by satisfied customers, Springer continues to build a loyal following on social media. The brand’s friendly and approachable tone resonates well with dog owners, creating a sense of trust and reliability.

As Springer’s journey unfolds, it is evident that their commitment to providing quality pet care products and engaging with their customers has been paramount to their success. With its innovative solutions and dedicated customer base, Springer continues to solidify its position as a leading brand in the pet care industry.