Sunscreenr Shark Tank Net Worth 2023
Sunscreenr appeared on Shark Tank in October 2016, and its founder, Dave Cohen, requested an investment of $800,000 in exchange for a 10% share in the company.
The valuation of Sunscreenr was $8 million when it appeared on Shark Tank. Lori and Daymond tested the product during the pitch, and it was evident where the sunscreen was and wasn’t.
Robert then inquired about Dave Cohen’s Kickstarter campaign, and Dave informed that several major sun protection companies had contacted him before launching his Kickstarter campaign.
Kevin offered $800,000 for 33.3%, which Dave accepted. Sunscreenr’s net worth before appearing on Shark Tank was $8 million.
However, as of 2020, Sunscreenr is out of business. As of September 2022, Sunscreenr’s current net worth is unknown since the company is out of business.
What is Sunscreenr? Who is Sunscreenr’s founder?
Sunscreenr is a unique camera that can indicate the amount of sunscreen someone has applied. All you have to do is turn it on and look through the viewfinder to identify areas with insufficient or no coverage.
When viewed through the Sunscreenr camera, skin that is protected by sunscreen appears black, while unprotected skin appears light. Areas that have some but not enough sunscreen will have a tone that is between dark and light.
This device is perfect for a day at the beach, the park, the golf course, or game day. It allows users to quickly and easily see their sunscreen coverage just by looking through the viewfinder. The Sunscreenr is compact, long-lasting, and waterproof, making it a convenient tool for outdoor activities.
The Sunscreenr was created by David Cohen, the founder and CEO of the company. With a Ph.D. in Biochemistry and Biophysics, David has spent his career designing and manufacturing specialty devices for various sectors, including security and medicine.
Along with co-founder Jon Meyer and a team of design-savvy innovators, David turned his concept into a tangible product.
David’s motivation to create the Sunscreenr stemmed from his personal experience with the toll that skin cancer can take on loved ones.
He wanted to create a tool that could help individuals protect themselves and their children from the sun’s harmful rays.
The Sunscreenr gained significant support through crowdfunding efforts, with $119,629 raised through Kickstarter and an additional $165,405 through IndieGoGo. Although the delivery date was set for December 2016, the product has yet to be shipped to supporters.
Sunscreenr Shark Tank Pitch
Dave appeared on Season 8, Episode 6 of Shark Tank seeking $800,000 for a 10% stake in his company, which was valued at $8 million.
During his pitch, he demonstrated how his product works using a picture, and Lori and Daymond tried it out.
Robert asked about the status of Dave’s Kickstarter campaign, which had raised $93,000 in five weeks, and Kevin asked about the objective, which was $45,000.
When asked about the production and shipping schedule, Dave said that the product would not be shipped until December of that year, which caused Daymond to express dissatisfaction.
Dave then distributed prototype samples, and Kevin disputed the $8 million valuation, arguing that Cohen’s claim of selling 1200 units in 5 weeks only equates to $1 million in sales every year.
Mark questioned how long a perfectly applied layer of sunscreen would last on a regular beach day, and Dave advised him to check in every 30 minutes if he wanted to be safe.
Mark believed that Dave had sold himself too much on the worth of his product and had lost perspective on the business aspect of it.
Robert questioned Dave’s claim that people would check their sunscreen every 30 minutes, and he criticized Dave for bringing an $8 million valuation to the Shark Tank. He also stated that Dave lacked a Ph.D. in client retention or sales.
Kevin offered $800,000 for a 33.3% stake in the company, but Daymond walked away, stating that the valuation was too expensive. Lori also walked away, stating that she couldn’t think of a compelling reason for customers to buy the product.
In the end, Dave accepted Kevin’s offer, and the two exchanged handshakes. However, the deal with Kevin fell through, and Sunscreenr, Dave’s company, had to supplement with personal finances and seek other investors.
As of May 2021, no units had been supplied to Kickstarter funders, and the company is not active on social media.
Sunscreenr Net Worth
Dave appears on Shark Tank season 8 episode 6 in search of $800,000 for a 10% stake in the firm. This represents an $8 million valuation. He accepted an offer from Kevin of $800,000 for 33.3% stake which brings valuation to be $2,402,402.40.
Sunscreen substitutes and competitors are as follows;
Vacation by Poolside FM, Hint Sunscreen, and Sundots.
What is Sunscreenr?
Sunscreenr is a one-of-a-kind camera that displays how much sunscreen someone is wearing. Simply turn it on and look through the viewfinder to discover areas with insufficient coverage or missing places.
When seen via the Sunscreenr camera, covered skin appears black while unprotected skin appears light.
Who is the founder of Sunscreenr?
James Cohen is the founder of Sunscreenr.
How much was he seeking in the Shark Tank?
Dave was looking for $800,000 for a 10% stake in the firm.
Did he get the deal from the Sharks?
Dave and Kevin O’Leary met an agreement on an $800,000 for a 33.3% stake in the firm.
Where can they buy Sunscreenr?
Currently, Sunscreenr cannot be purchased via Amazon or the official website.
What is the Sunscreenr’s website?
Sunscreenr’s website can be found at www.sunscreenr.com.
How do they check their sunscreen coverage?
Sunscreenr is a camera that shows how much sunscreen someone is wearing.
Simply switch it on and gaze through the viewfinder to observe regions with thin coverage or missed spots.
Protected skin appears black in the Sunscreenr camera, while unprotected skin appears bright.
Does Sunscreenr see all types of sunscreen?
Sunscreenr will show any Broad Spectrum sunscreen (cream, spray, or powder) with an SPF of at least 15.
Can Sunscreenr show me areas where their coverage is too thin?
Yes! Regions with thin covering will not seem as black as areas with adequate coverage.
What if there’s nobody around to check out their sunscreen coverage?
Not to worry! Simply put their Sunscreenr camera towards oneself and use their phone to verify their coverage.
How long will the battery last? How is it recharged?
Sunscreenr is powered by their Android phone’s battery and never needs to be charged. It also does not deplete their phone’s battery power. Just make careful to unplug it after using it.
Will Sunscreenr work for people of all skin tones?
Yes! The difference between exposed and protected skin is less pronounced in those with lighter skin tones.
Unprotected parts will seem lighter, while sunscreen-protected areas will appear darker.
Sunscreenr’s algorithms strive to increase this contrast as much as possible.
What is net worth of Dave Cohen?
Dave Cohen’s net worth is unavailable.