Springer Shark Tank Net Worth-What Happened After the Shark Tank Pitch?
What is Springer Shark Tank Net Worth in 2023?
Springer is currently in business with an estimated net worth of $4 million based on their valuation. The business valuation before appearing on the show was $6.6 million based on Griffin Ross and Shannon Ross asking for $400,000 for 6% equity in the company.
Springer is a company that produces water bottles for dogs. The business was founded by siblings Griffin and Shannon Ross, and their mother Diana is also a co-owner of the company.
In an episode of Shark Tank USA, they asked for $400,000 in exchange for 6% equity in their company. However, Lori Greiner offered them $400,000 for 10% equity along with preferred stock. The episode was aired on May 13, 2022.
Springer’s appearance on Shark Tank has garnered recognition for the company on social media platforms. Despite not receiving an investment from any of the sharks, Springer continues to operate and sell its products.
What Is Springer Shark Tank And Who Founded Springer Shark Tank?
Springer is a brand of water bottles for dogs that was introduced to the Sharks in episode 1324 of Shark Tank season 13.
The business is co-owned by siblings Griffin and Shannon Ross, and their mother Diana. Springer is a spin-off of Highwave’s pet products, which was founded by the Rosses’ father Gary in 1983.
The water bottles for dogs were formerly called the Auto Dog Mug. The Covid-19 pandemic was good to the business as pet ownership increased during lockdowns.
Springer’s travel bottle has a creative design that helps dogs drink water while out on a walk or trip. It is a squeezable water bottle with a bowl on top, making it easy to use and seals tight for zero leaks.
Springer Pets was founded by Diana Ross Shark Tank and Shannon Ross Shark Tank in 2021. While Shannon is the founder and CEO, Diana is the COO.
Griffin is the design engineer behind the products sold by Springer. Springer is named after the English Springer Spaniel, a breed known for its energy, affection, and friendliness.
The company started because the Rosses wanted to bring innovation and introduce dog-friendly designs to improve the human-dog experience.
In episode 23 of Shark Tank season 13, entrepreneurs Griffin and Shannon Ross hoped for investment from one of the Sharks to boost their business. They asked for $400,000 for 6% equity but ended up getting $400,000 for 10% equity and preferred stock from Lori Greiner.
In May 2022, Diana Ross said that she donated 1% of sales to non-profit organizations working towards planet growth.
What Happened To Springer At Shark Tank?
The deal with Lori Greiner for Springer, a water bottle for dogs, did not close as of November 2022. However, the company added a leash with a travel pouch to its line.
It is mentioned that Griffin and Shannon Ross presented their pet water bottle and bowl combination well in Shark Tank Season 13 Episode 23.
They made a deal with Lori Greiner for $400,000 for 10% equity and preferred stock. The company had $1.7 million in sales in 2020 and had been in business for five years at the time of the episode.
It is stated that Springer Pets needs more distributors and a good marketing strategy as they have not got many sales after so many years. The founder of Springer Pets is Diana Ross, who co-owns the business with her children Griffin and Shannon Ross.
The company works for the planet, and 1% of the people who buy their product will be donated to non-profit organizations working towards planet growth.
What Happened To Springer After Shark Tank?
Springer is a water bottle and bowl combination for dogs that appeared on Shark Tank Season 13. The siblings who created Springer, Griffin and Shannon Ross, made a deal with Lori Greiner for $400,000 for 10% equity and preferred stock.
According to an update in May 2022, the founders of Springer have a net worth of $1.6 million.
Springer’s sales increased during the COVID-19 pandemic as pet ownership increased due to people seeking companionship during lockdowns.
However, according to Shark Tank Talks, Springer needs more distributors and a good marketing strategy as they have not had many sales after so many years.
Is Springer Still In Business?
Yes, Springer is still in business. It is a company that sells water bottles for dogs and was introduced to the Sharks in Shark Tank episode 1324.
The company started in 2016 and has since expanded its product line. The Covid-19 pandemic was good for the business as pet ownership increased during lockdowns.
As of 2022, Springer’s net worth is $1.7 million. The products are available on Amazon, the official website, and several other pet care online stores.