World Record Striper Company Net Worth

The World Record Striper Company was founded by Greg Myerson in 2011 to market and sell his fishing lures. The company has a proprietary set of lures and sinkers that use sounds that mimic the sound of lobsters to catch trophy fish.

Myerson holds the record for the largest striped bass ever caught and is considered the “Warren Buffet of the fishing world” by some. He appeared on Shark Tank in 2015, seeking $75,000 for 20% of the business.

The owner valued the company at  $375,000.

He ended up accepting an offer from Mark Cuban for $80,000 for 33% of the business, reducing the company valuation to $266K.

As of 2022, Greg Myerson’s company World Record Striper Company has a net worth of $3.4 Million, and his company has seen success since appearing on Shark Tank.

In May 2016, his Shark Tank fame allowed him to be selected by NASCAR to sponsor a car, and he continues to market and sell his fishing lures through the World Record Striper Company.

World Record Striper Company Shark Summary:

INFORMATION	DETAILS
Company Name	World Record Striper Company
Founder	Greg Myerson
Year Founded	2011
Product	Fishing lures and sinkers
Proprietary technology	RattleSinker
Valuation during Shark Tank pitch	$375,000
Investment sought during Shark Tank pitch	$75,000 for 20% equity
Investor	Mark Cuban
Investment made by Mark Cuban	$80,000 for 33% equity
Competitors	Hana Rods Bug Bait Company, P.O.D. Fishing Company
Net worth as of 2022	$3.4 million
Annual turnover as of 2022	$1 million

Note: The valuation after the Shark Tank investment is not provided in the information, so it has been calculated as $242,424 based on the investment amount and equity percentage.

 

What is The World Record Striper Company and Who id the Founder?

The World Record Striper Company is a fishing lure company that specializes in handcrafted lures and the creation of the longest and largest bait casting reel available on the market.

One of the World Record Striper Company’s trademarks is the RattleSinker, a type of fishing equipment that produces a sound similar to that of shellfish and attracts larger fish to your bait.

The company’s fishing lures use a proprietary rattling sound to attract giant fish, particularly striped bass. These fish rely heavily on their hearing to find food, and the rattling sound causes powerful vibrations that attract them.

The company offers a variety of products, including the RattleSinker, Multi-Bait RattleJigs, RattleFloats, RattleRigs, and limited-edition RattleFlies and RattleJigs.

The founder of the World Record Striper Company is Greg Myerson, a lifelong angler who holds the record for catching the largest striped bass ever captured, weighing in at 81.8 pounds. Myerson created the RattleSinker technology that the company is known for.

Myerson founded the World Record Striper Company in 2011 to promote and sell his fishing lures, which are patented. He has caught much 50-pound fish using his gear and is considered a fishing celebrity. Myerson’s celebrity status has led other anglers to follow him to his favorite fishing spots.

While he cannot guarantee that consumers will have the same level of success as he has had, Myerson’s lures can certainly help level the playing field.

World Record Striper Company Shark Tank pitch?

During his Shark Tank pitch in episode 626, Greg Myerson, the founder of World Record Striper Company, went shark fishing to try to secure a deal with one of the Sharks. He was seeking a $75,000 investment for a 20% stake in his company, which was valued at $375,000.

Greg showcased his patented fishing lures, which had helped him establish four world records, including the world-record striped bass catch. He explained how the lures used sound to attract fish and had made $55,000 in sales over three years.

During the pitch, Kevin and Mark offered to invest, with Mark eventually sealing a deal of $80,000 for 33% equity in the company, with the Shell Bobbers to market the product. However, Kevin was warned that if Greg accepted his offer, Mark would pull out, and Greg ultimately chose to accept Mark’s offer.

After the show, the deal with Mark was finalized, and the company continued to fish and sell its lures. As of February 2022, the company has an annual turnover of $1 million.

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 was worth $242,424. Since then the company is still operating and hence the company’s net worth might have been more than that of the pitch.

World Record Striper Company Shark Tank Updates

Greg Myerson, the founder of World Record Striper Company, appeared on Shark Tank seeking a $75,000 investment for a 20% stake in his company, which was valued at $375,000.

He pitched his proprietary set of lures and sinkers that use sounds that mimic the sound of lobsters walking on the ocean floor to catch trophy fish.

He also unveiled a model of his world-record fish and explained that he had set four world records with his lures. Mark Cuban offered him $80,000 for 33% equity, which Greg accepted.

After the show, the deal with Mark was finalized, and the company continued to fish and sell its lures. As of May 2022, Greg still holds the world record for the largest striped bass ever caught.

His Shark Tank fame allowed him to be selected by NASCAR to sponsor a car in May 2016. As of February 2022, the company has an annual turnover of $1 million.

The World Record Striper Company RattleSinker was the secret weapon used in attracting each of Greg Myerson’s four world record striped bass.

Although the Shark Tank deal closed, the business closed for unknown reasons. However, as of 2022, Greg Myerson’s company World Record Striper Company has a net worth of $3.4 million, and his company has seen success since appearing on Shark Tank.

World Record Striper Company Table Summary:

TOPIC	INFORMATION
Founding year	2011
Founder	Greg Myerson
Product	Fishing lures
Signature product	RattleSinker
Shark Tank episode	626
Initial ask on Shark Tank	$75,000 for 20% of the company
Valuation on Shark Tank	$375,000
Investment made on Shark Tank	$80,000 for 33% of the company by Mark Cuban
Competitors	Hana Rods Bug Bait Company, P.O.D. Fishing Company
Product	Handcrafted fishing lures and the longest and largest bait casting reel
Shark Tank Investment	$80,000 for 33% equity by Mark Cuban
Valuation during Shark Tank Pitch	$375,000
Competitors	Hana Rods Bug Bait Company, P.O.D. Fishing Company
Net Worth as of 2022	$3.4 Million
Annual Turnover as of February 2022	$1 Million

World Record Striper Company FAQs

What Is The World Record Striper Company Rattlesinker And How Does It Work?

The World Record Striper Company RattleSinker is a unique piece of fishing tackle that uses a patented rattling sound to attract big fish.

The RattleSinker mimics the noise of unsuspecting prey shellfish, which monster fish hone in on long before they can see or smell the bait or lure.

The RattleSinker technology was developed by Greg Myerson, the founder of World Record Striper Company, who holds the world record for the largest striped bass ever caught. The RattleSinker is made of lead and has a powder coating exterior that helps protect it from impacts.

The RattleSinker comes in different sizes, with the 1 oz. size being the most common. Proper use of the RattleSinker involves a technique called Rattling, which involves bouncing the RattleSinker up and down so that it emits the sound that is so stimulating to a variety of fish.

The World Record Striper Company also produces a line of fishing lures that use the RattleSinker technology, including RattleJigs, RattleFloats, RattleRigs, and limited-edition RattleFlies and RattleJigs.

What Is The Product That World Record Striper Company Pitched On Shark Tank?

The product that World Record Striper Company pitched on Shark Tank is called RattleSinker, a fishing bait designed to attract big fish.

The product is similar to a tiny rattle that calls near-sighted fish to the line. The founder of the company, Greg Myerson, invented and developed RattleSinker for 15 years before appearing on Shark Tank.

He perfected the fishing lure and caught many large fish with it, even holding a world record for catching the largest striped bass.

During the Shark Tank pitch, Greg asked for $75,000 in exchange for 20% of the business. He eventually made a deal with Mark Cuban for $80,000 in exchange for 33% equity.

What Was The Outcome Of World Record Striper Company Shark Tank Pitch?

Greg Myerson, the founder of World Record Striper Company, appeared on Shark Tank in season 6, episode 26, seeking a $75,000 investment for a 20% stake in his company, which was valued at $375,000.

Mark Cuban offered $80,000 for 33% equity, which Myerson accepted. However, the business closed for unknown reasons, possibly due to Covid-19 related supply chain issues.

Despite the closure of the business, Myerson’s World Record Striper Company has a net worth of $3.4 million as of 2022.

The company marketed and sold fishing lures that use sounds that mimic the sound of lobsters to catch trophy fish.

Myerson’s proprietary set of lures and sinkers helped him set four world records with his fishing bait. His bait product was similar to a tiny rattle that calls near-sighted fish to the line.

Myerson’s appearance on Shark Tank allowed him to be selected by NASCAR to sponsor a car in May 2016, and he continued to market and sell his fishing lures through 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 its lures with an annual turnover of $1 million as of February 2022.

What is the 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.