What Happened to World Record Striper Company after Shark Tank? World Record Striper Company Shark Tank Update
What is World Record Striper Company?
World Record Striper Company is a hand crafted fishing lures company. They also create and sell the worlds’ longest and largest bait casting reel on the market.
The original RattleSinker is a trademark of the World Record Striper Company. It’s a type of fishing equipment that sounds like a fish call and attracts huge fish to your bait by imitating the sound of prey shellfish.
The World Record Striper Company makes a line of fishing lures that employ a proprietary rattling sound to attract giant fish, such as the 81.8-pound striped bass captured by Greg Myerson, a lifelong angler and company founder.
Because their eyesight is weak, fish like striped bass rely significantly on their hearing to find food. Large fish are attracted to the rattling sound because it causes powerful vibrations.
The World Record Striper Company supplies the key lures you’ll need in your tackle box if you want to pull in a true monster. RattleSinker, Multi-Bait RattleJigs, RattleFloats, RattleRigs, and limited-edition RattleFlies and RattleJigs are among the products available.
Who is the founder of World Record Striper Company?
Greg Myerson founded the RattleSinker technology. With a weight of 81.8 pounds, Myerson holds the record for the biggest striped bass ever captured. Some people refer to him as the “Warren Buffet of fishing.”
Part of his success is the patented set of lures and sinkers he’ll pitch to the Sharks, which employ acoustics that replicate the sound of lobsters (striped bass’ favorite diet) walking on the ocean floor to attract prize fish.
Myerson, who works as an electrician, founded the World Record Striper Company in 2011 to promote and sell his fishing lures.
Myerson has caught scores of 50-pound fish with the World Record Striper Company gear, which is patented. He’s also a fishing celebrity.
Wade Boggs, famous chef Tom Collichio, Miami Dolphins football star Jim Jensen, and even an astronaut has all gone fishing with him.
His celebrity has prompted other anglers to track him out and follow him to his favorite fishing places. While he cannot guarantee consumers the same degree of success as he has, his lures can help level the playing field.
What Happened to World Record Striper Company at Shark Tank pitch?
When Greg Myerson pitches the World Record Striper Company in Shark Tank episode 626, he goes shark fishing. He is looking for a Shark to assist him with marketing and distribution.
Greg went onto Shark Tank looking for $75,000 in exchange for a 20% stake in his company, which worth $375,000.
He pulls out a pole and throws a bundle of money towards Kevin, claiming that this was how he’d capture a shark. Kevin was ecstatic.
Greg goes on to describe his lures and show off a replica of his world-record catch. With his goods, he claims to have established four world records. Lori caught stripers off the coast of Martha’s Vineyard.
He describes how the sound of his lures attracts the bass. After establishing the record, Greg began selling the patented lures. In three years, he’s only made $55,000 in sales, largely at fishing exhibits. He’s been handcrafting the lures.
Kevin believes that the patent is licensable, whereas Daymond believes the product is an infomercial.
Mark offers $80,000 in exchange for 33% equity in the firm, the same deal he provided Shell Bobbers, but he wants the Shell Bobbers to market the product.
Kevin wants to make an offer after Daymond and Robert go out. Mark warns Greg that if he accepts Kevin’s offer, he will goes out. Greg accepts Mark’s offer and ends the pitch with a deal.
What Happened to World Record Striper Company after Shark Tank?
The deal with Mark was finalized. The company is still in business fishing and selling his lures with an annual turnover of $1 million as of February 2022.
Competitors of World Record Striper Company
The main competitors of World Record Striper Company in the market space are; Hana Rods Bug Bait Company and P.O.D. Fishing Company.
Net Worth of World Record Striper Company
The company valuation was $375,000 during the pitch, after the investment done by Mark Cuban the company worth $242,424. Since then the company is still operating and hence the company net worth might have been more than that of pitch.
World Record Striper Company FAQs
What is World Record Striper Company?
World Record Striper Company is a hand crafted fishing lures company. They also create and sell the worlds’ longest and largest bait casting reel on the market. The original RattleSinker is a trademark of the World Record Striper Company.
It’s a type of fishing equipment that sounds like a fish call and attracts huge fish to your bait by imitating the sound of prey shellfish.
Who is the founder?
Greg Myerson founded the World Record Striper Company.
How much was Grey asked on Shark Tank?
Grey was asking $75,000 for a 20% equity stake in the company, which is valued at $375,000.
How much did Grey receive on Shark Tank?
Grey received $80,000 for 33% equity shares of the company from Mark Cuban
Is World Record Striper Company still in business?
The company is still in business fishing and selling his lures with an annual turnover of $1 million as of February 2022.
What is World Record Striper Company made of?
The World Record Striper Company manufactures and sells handcrafted fishing lures
How does World Record Striper Company work?
The World Record Striper Company works on fishing industry. They first use a unique, patented noise-making mechanism that attracts the fish. The lure has a unique underwater sound producing system, which includes an elastic band and striker plate inside aluminum housing, quartz crystals and a six-point steel tip.
How many brands do World Record Striper Company makes?
World Record Striper Company makes its own brand of fishing lures too. The company also manufactures and sells handcrafted fishing lures.
Who is the target market of World Record Striper Company?
The target market of World Record Striper Company is the young generation and people who love to fish. This product is for anyone who likes to fish for fun or for sport.
How does World Record Striper Company make money?
The company makes money through the sales of its products to individual customers, wholesalers, and retailers around the world through their network of agents.
Where is World Record Striper Company founded?
World Record Striper Company was founded in Miami Florida. The company also has an office in Hollywood Florida.
What make World Record Striper Company unique from others?
The main feature of World Record Striper Company is its unique, patented sound system which attracts the fish. The lure has a unique underwater sound producing system, which includes an elastic band and striker plate inside aluminum housing, quartz crystals and a six-point steel tip.
What does World Record Striper Company guarantee?
The company guarantees the protection of intellectual property and the various patents held by the company.
Where do World Record Striper Company source their materials from?
The World Record Striper Company uses its own unique materials in manufacturing their products. The company also uses materials from other certified manufacturers to make their products.
Where can I find World Record Striper Company?
Customers can buy their products through Amazon at $54.57. They can also get them at retail stores.
What is the net worth of Grey Myerson?
Grey Myerson was the founder of World Record Striper Company. He is a commercial fisherman and his net worth is not available.
