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.
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 FAQs
What is the World Record Striper Company?
World Record Striper Company is a hand-crafted fishing lures company. They also create and sell the world’s longest and largest baitcasting 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 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.