WindCatcher Shark Tank Net Worth 2023
As of 2021, the net worth of WindCatcher is estimated to be around $6 million. The founder of the company, Ryan Frayne, appeared on Shark Tank in 2015 seeking $200,000 in exchange for an 8% stake in his company.
Although he agreed with Lori Greiner’s deal on the show, it never really proceeded as Ryan Frayne was diagnosed with pancreatic cancer shortly after appearing on Shark Tank.
According to geeksaroundglobe.com, Windcatcher Airpad’s founder Ryan Frayne has a net worth of 5.7 Million USD as of 2022. However, the net worth of WindCatcher itself is unknown as of 2023 since the company seems to have gone out of business and its website does not feature any products for sale.
What Is WindCatcher? Who Is The Founder Of WindCatcher?
WindCatcher is a revolutionary wind turbine that uses a process of air suction and oxygenation to generate renewable energy and fresh water.
Ryan Frayne is the founder of WindCatcher. He was raised in Tampa, Florida, and graduated from the University of South Florida with a degree in marketing in 2008.
After struggling to find work during the recession, Frayne turned to inventing and created various devices, including a tool for tying fishing hooks without a knot.
In 2013, Frayne founded WindCatcher and relocated to Portland, Oregon, where he worked various jobs until landing a role at a digital marketing agency.
Initially, Frayne used Kickstarter to raise funds for his faster and easier way to inflate air mattresses, the WindCatcher Air Mattress. The campaign successfully raised $150,000 from 1,472 backers in June 2013.
Later in September 2014, he raised an additional $42,500 for his Air Pakk Self-Inflating Backpack.
Today, WindCatcher is Frayne’s main focus and has the potential to make a significant impact in the renewable energy industry.
WindCatcher Shark Tank Pitch
Ryan Frayne, the founder of WindCatcher, pitched to the Sharks after successfully raising $242,000 in funding through a Kickstarter campaign. Seeking a business partner, he asked for $200,000 for an 8% stake in the company.
He demonstrated the product, which impressed the Sharks, and Kevin offered $200,000 in venture loan for 6% of all sales until he reached $800,000, at which point he would own 3%. Lori offered $200,000 for 15% ownership, while Robert offered $200,000 for 10% of what Ryan asked for.
Sacca and Lori offered $200,000 for 15% equity, while Mark offered $200,000 at 8% interest plus a loan. Robert later lowered his offer to $200,000 for 6.5% equity, and Lori raised her limit to $200,000 for 5%, offering a loan as well. Eventually, Ryan closed a deal with Lori, but the transaction was never processed.
Unfortunately, Ryan was diagnosed with pancreatic cancer soon after the show, and he passed away on June 20, 2018, at the age of 34.
Lori, his wife, and best friend took over the company, and the company website still includes Ryan’s biography. As of 2021, the company had a total net of $6 million.
The net worth of WindCatcher
As of 2021, the company’s total net worth is $6 million.
Windcatcher Shark Tank Updates
Windcatcher is a travel accessory that was featured on Shark Tank. It is an inflatable mattress that inflates and deflates in less than 30 seconds using a built-in pump, eliminating the need for time-consuming manual inflation.
The core concept behind Windcatcher is its ability to rapidly draw in and amplify the user’s breath, making it possible to inflate large items in a matter of seconds.
Ryan Frayne from Portland, Oregon, designed Windcatcher, a brilliant device that helps users avoid becoming breathless in the first place by preventing.
During the Shark Tank episode, Ryan hoped to gain an investment of $200,000, and a shark partner, in exchange for an 8% stake in the Windcatcher business. The Windcatcher company landed a deal with Lori, but it never happened as they were in lengthy litigation over various claims.
A company called Cascade Designs had made a knock-off of the product using their technology, which led to litigation and dashed any dreams of a deal. Sadly, Ryan passed away from pancreatic cancer in 2018, and the company never recovered. As of 2023, Windcatcher is out of business.
WindCatcher Shark Tank Table Summary:
| CATEGORY | INFORMATION |
| Net Worth of WindCatcher in 2021 | $6 million |
| Founder | Ryan Frayne |
| Founder’s Education | Graduated from the University of South Florida with a degree in marketing in 2008 |
| Products | WindCatcher Air Mattress and Air Pakk Self-Inflating Backpack |
| Shark Tank | Appeared in 2015 seeking $200,000 in exchange for an 8% stake in the company. A deal was made with Lori Greiner but it never proceeded due to Ryan Frayne’s pancreatic cancer diagnosis |
| Net Worth of Ryan Frayne in 2022 | $5.7 million |
| Current Status of WindCatcher | Company seems to have gone out of business and its website does not feature any products for sale |
WindCatcher FAQs
What Is Windcatcher?
Windcatcher is a traditional architectural element that originated in Iran and is used to create cross ventilation and passive cooling in buildings. Windcatchers come in various designs: unidirectional, bidirectional, and multidirectional.
Windcatchers are widely used in North Africa and West Asia. They are made of clay, wood, or bricks and are constructed on the rooftop of houses, mosques, or storage rooms. Windcatchers have been used for thousands of years in countries with severe hot climates.
Some historians and archeologists credit Persians as the inventors of windcatchers, while others believe that the first windcatcher was developed in Egypt.
Windcatchers are passive systems that require no energy for operation. The direction of airflow at a specific location determines the windcatcher design. Windcatchers can function in a number of different ways, including downward airflow, upward airflow, and cross ventilation.
Windcatchers are often used in conjunction with other passive cooling elements in Egypt.
In addition to its traditional use, Windcatcher is also the name of a product that was pitched on Shark Tank. Windcatcher Air Pad is an air mattress that can be inflated in seconds without the aid of a mechanical or battery-powered pump.
The Windcatcher uses “quick stream inflation” to blow up an air mattress in mere seconds. The technology behind the Windcatcher valve is designed to draw in higher-pressure air surrounding the opening, making each breath 15 times as powerful.
How Does Windcatcher Work?
A Windcatcher is a traditional architectural element that originated in Iran and is used to create cross-ventilation and passive cooling in buildings. Windcatchers come in various designs: unidirectional, bidirectional, and multidirectional.
Windcatchers are chimney-like structures made of clay, wood, or bricks, constructed on the rooftop of houses, mosques, or storage rooms to harness the cool breeze and direct it downwards toward the interior space.
Windcatchers work by directing cool wind that is circulating at higher levels downwards through vertical openings with oblique angles.
Cooler winds blowing at higher elevations are directed downwards through the narrow, vertical slits, subsequently pushing warm air inside the buildings up and out through an opening on the opposite side of the windcatcher.
Windcatchers can function in a number of different ways. When using a windcatcher to try and cool the inside of a building, a tall, capped tower with a uni-directional opening is used. This ‘catches’ wind on one side and brings it down into the building via the tower.
While the air is not cooled by the windcatcher itself, the rate of airflow provides a cooling effect. Windcatchers can also be designed with wetted surfaces, which is proposed for use in areas of typically low wind speeds.
It works by using pads made from a series of straws or cellulose placed at the apertures on top of the windcatcher. Water is continually sprayed onto them, meaning that the air that flows through is evaporatively cooled.
What Happened To Windcatcher After Shark Tank?
Windcatcher is a company that appeared on Shark Tank in 2015, pitching their Windcatcher Air Pad, an air mattress that inflates quickly without the aid of a mechanical or battery-powered pump. Ryan Frayne, the founder of Windcatcher, sought $200,000 for 8% of the company.
Lori Greiner made an offer of $200,000 for 5% equity and purchase order funding, which Ryan accepted. However, the deal never closed due to litigation resulting from another company offering a similar product.
Sadly, Ryan Frayne was diagnosed with pancreatic cancer shortly after appearing on Shark Tank. He passed away on June 5, 2018. The company never recovered from his passing, and its website is no longer available. It is presumed that Windcatcher is no longer in business.
Despite the company’s unfortunate end, Windcatcher’s appearance on Shark Tank earned considerable attention, and Ryan Frayne was named one of the seven best Shark Tank pitches of 2015 by Inc.com.
What Is The Current Valuation Of Windcatcher?
Windcatcher is a company that appeared on Shark Tank seeking an investment of $200,000 for 8% equity. The company’s founder, Ryan Frayne, demonstrated the inflation of a standard inflatable and proved to the sharks how challenging it really is.
At the time of the Shark Tank appearance, Windcatcher was valued at around $4 million. However, Frayne says he hasn’t revisited that figure since 2015. As of 2022, the net worth of Windcatcher is estimated to be $6 million.
After the Shark Tank appearance, Windcatcher experienced a significant increase in exposure and interest from both consumers and investors. Investor Lori Greiner recognized the potential of the Windcatcher and offered the full $200,000 for 5% equity, which Frayne accepted.
Although specific details about Windcatcher’s current performance and financial status are not publicly available,
the acquisition by Exxel Outdoors and the continued expansion of the technology into new applications suggest that Windcatcher has experienced significant growth and success since its appearance on Shark Tank.
Is Windcatcher Still In Business?
It appears that WindCatcher is no longer in business. As of February 2022, the company’s website was inactive, and it did not list any products for sale. The website is still inactive as of April 2023, and there have been no updates on the company’s status.
WindCatcher was a company that appeared on Shark Tank with its product, the Windcatcher Air Pad. The inflatable mattress took only seconds to blow up using “quick stream inflation,” which was much faster than other battery-powered or manual pumps.
Ryan Frayne, the inventor of WindCatcher, hoped to gain an investment of $200,000 and a shark partner in exchange for an 8% stake in the business when he appeared on the show. Lori Greiner offered $200,000 for 5% equity and a line of credit, and Ryan accepted the deal.
However, the deal never closed due to litigation over various claims, and WindCatcher did not recover from the setback.
In conclusion, it appears that WindCatcher is no longer in business, and its website has been inactive since February 2022. Despite its innovative product and successful appearance on Shark Tank, the company was unable to recover from litigation and other setbacks.
What is WindCatcher?
WindCatcher is a wind turbine that sucks in air and oxygenates it. This allows the machine to produce clean energy and fresh water.
Who is the founder?
Ryan Frayne is the founder of the company.
What is their offer on Shark Tank?
They are looking to secure $200,000 for an 8% stake in the business.
Did they get the deal?
Yes, the deal was closed successfully. After the deal was closed, they never processed any transaction.
What is the deal?
Lori raised the limit to $200,000 for 5% ownership of the company.
Where does WindCatcher sell its products?
Their products can be found on Amazon and a few other online stores. https://www.amazon.com
What are their sales?
The sales are estimated at $165,000.
How do they make money?
The sales of all their products had earned $165,000 in revenue as of 2017.
How much money did they make?
The revenue for the year 2021 is estimated at $6 million.
What is the business model?
The business model is to sell their product via an online store.
Is it legit?
Yes, the business is still in business in 2021.
What does their company do?
They are trying to create an air purifier that can be used at home or during travel.
What are the strengths?
The company has a unique product that is efficient at making the air cleaner and produces clean water.
What are the weaknesses?
Their products still need to be refined. They need to create a way for businesses to provide the machines to their customers.
Is their business big enough?
According to their online store they have sold over 2,000 units.
What happened to Ryan?
He passed away due to pancreatic cancer shortly after appearing on the show.
What is their social media account?
One can find them on Facebook, Instagram, and Twitter.
