Wondering about the net worth of Woosh Air, also known as Smart Air Filters, before and after their appearance on Shark Tank? Look no further! In this article, we’ll delve into the financial journey of Woosh Air and how their net worth has evolved over time.
Key Takeaways:
- Woosh Air, founded by Winston Mok in June 2020, has seen remarkable success in the market.
- The company’s net worth stood at $5 million as of September 2023, with an annual revenue of $200,000.
- On Season 14 of Shark Tank, Woosh Air secured a deal with Kevin O’Leary for $500,000 and a 10% equity stake.
- Woosh Air’s final valuation remained at $5 million after the Shark Tank investment.
- The company has expanded its product line and currently operates successfully with 40 to 50 employees.
Now, let’s take a closer look at the journey of Woosh Air’s net worth timeline and how their appearance on Shark Tank contributed to their success.
The Journey of Woosh Air Net Worth Timeline
Woosh Air, a company specializing in smart air filters, has experienced significant growth in terms of net worth over the years. In 2020, the company’s net worth was estimated to be $3.5 million. Over the next year, in 2021, Woosh Air’s net worth increased to $4 million. The upward trajectory continued in 2022, with the company’s net worth reaching $4.5 million.
Following their appearance on Shark Tank in 2022, Woosh Air’s net worth valuation remained steady at $5 million. This consistent growth showcases the success and potential of the company in the market. As of 2023, Woosh Air’s net worth remains at $5 million, solidifying their position as a successful player in the industry.
To provide a visual representation of Woosh Air’s net worth timeline, the following table highlights the company’s net worth from 2020 to 2023:
| Year | Net Worth |
|---|---|
| 2020 | $3.5 million |
| 2021 | $4 million |
| 2022 | $4.5 million |
| 2023 | $5 million |
This table showcases the gradual increase in Woosh Air’s net worth, solidifying their growth and success in the market. It is testament to their innovative products and strategic business decisions, which have contributed to their ongoing financial achievements.
The Woosh Air Pitch on Shark Tank
During their appearance on Season 14 of Shark Tank, Woosh Air, led by founder Winston Mok, showcased their innovative smart air filters. The pitch aimed to secure a $500,000 investment in exchange for a 10% equity stake in the company.
Woosh Air’s smart air filters, with their ability to automatically monitor and improve air quality in real-time, caught the attention of the Sharks. The pitch highlighted the unique features of the product, emphasizing its potential to revolutionize the air filtration industry.
Eventually, a deal was struck with renowned Shark, Kevin O’Leary. He recognized the value and potential of Woosh Air and agreed to invest $500,000 for a 10% equity stake in the company. Additionally, O’Leary negotiated a $0.50 royalty per unit sold, further solidifying the partnership.
The success of the pitch and the subsequent deal with Kevin O’Leary has played a significant role in the growth and success of Woosh Air. Under the leadership of founder Winston Mok, the company’s net worth has reached $5 million in 2023, showcasing their remarkable entrepreneurial achievements.
FAQ
When was Woosh Air founded and by whom?
Woosh Air, also known as Smart Air Filters, was founded by Winston Mok in June 2020.
What is Woosh Air’s current net worth?
As of September 2023, Woosh Air’s net worth is $5 million.
What is the annual revenue of Woosh Air?
Woosh Air has an annual revenue of $200,000.
How did Woosh Air perform on Shark Tank?
In October 2022, Woosh Air appeared on Season 14 of Shark Tank and struck a deal with Kevin O’Leary for $500,000 for a 10% equity stake and a $0.50 royalty per unit sold.
How many employees does Woosh Air have?
Woosh Air currently operates successfully with 40 to 50 employees.
What is the growth of Woosh Air’s net worth over the years?
In 2020, their net worth was estimated at $3.5 million. By 2021, it had increased to $4 million, and in 2022, it reached $4.5 million. After appearing on Shark Tank in 2022, the net worth valuation of Woosh Air remained at $5 million.
What did the pitch by Woosh Air on Shark Tank focus on?
The pitch by Woosh Air highlighted the innovative features of their smart air filters, which can automatically monitor and improve air quality in real-time.
Who struck a deal with Woosh Air on Shark Tank?
Kevin O’Leary struck a deal with Woosh Air on Shark Tank, investing $500,000 for a 10% equity stake and a $0.50 royalty per unit sold.
What is the current net worth of Woosh Air’s founder, Winston Mok?
As of 2023, Winston Mok, the founder of Woosh Air, has a net worth of $5 million.