Surf Band Pro Shark Tank Net Worth 2023
What Is The Net Worth Of Surf Band Pro?
Surf Band Pro is estimated to be worth $1.5 million as at March 2023. This is based on Greg’s valuation when he entered the Shark Tank, seeking for $150,000 for a 10% equity.
About Surf Band Pro
Greg Demersian, a surfer from New York City who invented Surf Band Pro, a wristband that dispenses sunscreen at the push of a button. Greg is seeking $150,000 for a 10% equity stake in his company.
He explains that he invented the product to solve the challenge of carrying sunscreen while surfing or participating in other action sports.
He demonstrates how the product works and talks about the challenge of designing the valve that allows the sunscreen to be dispensed without leaking.
The Sharks express concerns about the competitive sunscreen market and the low sales so far, but Greg emphasizes that the product has applications beyond surfing.
Surf Band Pro is the ideal protective solution for various sports, such as surfing, kitesurfing, kayaking, windsurfing, parasailing, wakeboarding, sailing, water skiing, fishing, climbing, biking, hiking, running, snowboarding, golfing, and more.
How Does Surf Band Pro Work?
Surfing is not just a hobby for Greg Demersian, it’s a way of life. Growing up in New York City, Greg has been surfing since he was a child, but like many surfers, he faced challenges out on the water – sharks, drowning, and sunburn.
The last one was particularly frustrating for him. He would apply sunscreen before paddling out, but after a few waves, the sunscreen would wear off, leaving him with a nasty burn.
Greg realized that this was a common problem among surfers and other action sports enthusiasts. They would wear tight-fitting action wear with no pockets to carry sunscreen. This realization led him to invent Surf Band Pro, a solution to this ongoing challenge for many people.
Surf Band Pro is a wristband that dispenses sunscreen with just the push of a button. Greg demonstrated how it works in a YouTube video where he introduced himself, his product, and his need for $150,000 for a 10% equity stake in his company.
The patented valve on the Surf Band Pro was the most challenging aspect of the design. The valve allowed the solution out in the middle but also let air in when the user pushed down on the pump. Greg’s persistence and innovative thinking led him to the solution – an annular seal, the same mechanism that keeps a pen wet inside.
Greg invested around $150,000 in his business, which started manufacturing the product just a month ago. Although he has only sold a few hundred units so far, he is hopeful that his product will take off. His dream is to work with one of the investors on his favorite show, Shark Tank, which he was thrilled to be on.
During his appearance on Shark Tank, shark investors were skeptical of the product’s potential, given the competitive sunscreen market.
https://youtu.be/CFp7OwQfq6U
Surf Band Pro Shark Tank Pitch
Greg Demersian from New York City is seeking $150,000 for a 10% equity stake in his company Surf Band Pro. His product aims to solve the problem of sunburn for surfers and other action sports enthusiasts who wear tight-fitting clothing without pockets for sunscreen.
Surf Band Pro is a wristband that dispenses sunscreen with a push of a button. The product has a patented valve that allows for the solution to come out and let air in without leaking.
The patent on the product includes a valve that allows solution out but prevents air from getting in. The invention was inspired by the design of a pen and took 15-17 different industrial designers to perfect. The product sells for $19.95 online and is just beginning production.
So far, only a couple hundred have been sold, but Greg hopes that Shark Tank will help him take his business to the next level.
Demersian invested $150,000 in his business and has sold about 200 units at a wholesale price of $9.95 and an online price of $19.95. The sharks are skeptical about the product’s potential due to competition in the sun protection market.
However, Demersian sees the product as a reminder and a convenient solution for anyone going to the beach or water park.
The Sharks question the market for the product, but Greg believes it can be used not just by surfers, but by anyone who goes to the beach or water park.
Although the product was unique, none of the sharks thought it was a good fit for their investment portfolio, and Surf Band Pro did not get funding.
What Happened To Surf Band Pro After Shark Tank
During his appearance on Shark Tank, some investors were skeptical of the product’s potential, given the competitive sunscreen market. Still, Greg remains confident that his Surf Band Pro will be a game-changer, not just for surfers but for anyone who wants instant access to sunscreen anywhere, anytime.
Greg’s innovative thinking, persistence, and love for surfing have led him to create a product that solves a common problem.
With time, his Surf Band Pro may become a staple for action sports enthusiasts and beachgoers alike, providing them with a convenient way to protect themselves from the sun’s harmful rays.
Overall, Surf Band Pro is a unique and innovative product that allows surfers to carry sunscreen lotion in a convenient way. Although it did not receive funding in the Shark Tank, the product has generated revenue since its launch, and the company is still in business as of march 2023.
Surf Band Pro Shark Tank Updates
Surf Band Pro is a wristwatch-like device that stores and dispenses sunscreen. It was created by Greg Demirjian, who appeared on Shark Tank in Season 14, asking for $150,000 for 10% equity at a $1.5 million valuation. Unfortunately, none of the Sharks made an offer, and Surf Band Pro did not receive funding.
Despite not receiving funding, Surf Band Pro has been successful. Since airing on Shark Tank, people have been purchasing the product non-stop, and customers have been writing to the company to express their love for the product and suggest great ideas.
Surf Band Pro is estimated to be worth $1.5 million. The company has a website and Instagram, and it donates some of its proceeds to malaria prevention initiatives.
Surf Band Pro is designed to be refillable, ensuring a multi-use product, and the Velcro wrist strap is adjustable for a custom fit.
The solution can be dispensed with the simple push of a button, and the product is ocean tough with streaming technology. Surf Band Pro can hold liquids, lotions, gels, and zincs, making it useful for anyone who goes outside, not just surfers.
Surf Band Pro Shark Tank Table Summary:
| ASPECT | INFORMATION |
| Name | Surf Band Pro |
| Founder | Greg Demersian |
| Valuation | $1.5 million (March 2023) |
| Investment Sought | $150,000 for 10% equity |
| Product | Wristband that dispenses sunscreen at the push of a button |
| Patent | Includes a valve that allows solution out but prevents air from getting in |
| Price | $19.95 online |
| Sales | Few hundred units |
| Potential Market | Action sports enthusiasts and beachgoers |
| Shark Tank Outcome | Did not receive funding |
| Business Status | Still in business as of March 2023 |
FAQS
What Is Surf Band Pro And How Does It Work?
Surf Band Pro is a wristwatch-like device that stores and dispenses sunscreen, designed to be worn while surfing or engaging in other outdoor activities. The device has a reservoir that can hold liquids, lotions, gels, and zincs, and can be easily refilled.
To use the Surf Band Pro, the user removes the back-cap and fills the reservoir with sunscreen, then straps the device to their wrist with the nozzle facing away from the body.
A light push on the face of the reservoir dispenses the sunscreen into the user’s palm, allowing them to apply it to their skin without needing to take time away from their activity. The device can be used for up to ten applications before needing to be refilled.
Surf Band Pro was invented by Greg Demirjian, who sought a convenient way to dispense hand sanitizer gel during the pandemic. After a lot of testing and prototypes, he came up with the product, which also dispenses bug repellant.
One day, while hiking, he got a cut and thought it would be cool if he could get the device to dispense sunscreen. With a little redesigning to accommodate a thicker liquid and a stronger wristband, he was in business.
The Surf Band Pro is available for purchase on the official website at surfbandpro.com. The device comes in the form of velcro bands, silicone bands, and bezel bands, with prices ranging from $19.95 to $30.99. The product is estimated to be worth $1.5 million and officially launched in 2021.
What Types Of Sunscreen Can Be Used With Surf Band Pro?
According to the Surf Band Pro website, the product can hold various types of sunscreen, including lotion, liquid, gel, or zinc.
However, the best type of sunscreen for surfers is very water-resistant, gives UVA and UVB protection, and ideally contains non-nano zinc oxide and/or titanium dioxide, according to Surfer Dad.
It is important to choose a sunscreen that is labeled as very or extra water-resistant and offers some degree of UVA protection when surfing. While sunscreen can provide some protection against skin cancer, it only provides partial protection, according to a study published in Nature.
Who founded Surf Band Pro?
Greg Demirjian is the Founder and CEO of Surf Band Pro, which is a subdirectory of his company, WearSpray. Before starting WearSpray in 2020, Greg studied photography at Skidmore College and worked for several companies, including Hampton Jitney Magazine and Iron Fire Productions.
What Was The Outcome Of The Surf Band Pro Shark Tank Pitch?
Surf Band Pro did not receive funding from the Sharks on Shark Tank. The founder, Greg Demirjian, asked for $150,000 for 10% equity at a $1.5 million valuation.
Despite not receiving funding, Surf Band Pro has been successful since its official launch in 2021, with an estimated net worth of $1.5 million as of March 2023.
The product has received positive feedback from customers and has been selling well. Surf Band Pro is still in business with a website and Instagram, and the company donates some of its proceeds to malaria prevention initiatives.
What Happened To Surf Band Pro After Its Appearance At The Shark Tank?
After Surf Band Pro’s appearance on Shark Tank, the company did not receive funding from any of the sharks.
However, the company has been successful since its official launch in 2021, with an estimated net worth of $1.5 million as of March 2023. Surf Band Pro is still in business, with a website and Instagram account.
Surf Band Pro has received positive feedback from customers and has been selling well since its appearance on the show. The company has also been donating some of its proceeds to malaria prevention initiatives.
Despite not receiving funding from the sharks, Surf Band Pro remains a unique and useful product that is suitable for anyone who goes outside and wants instant access to sunscreen.
What is the net worth of Surf Band Pro?
Surf Band Pro is estimated to be worth $1.5 million as at March 2023. This is based on Greg’s valuation when he entered the Shark Tank, seeking for $150k for 10% equity.
