What happened Human Bobber after Shark Tank Pitch?

What is Human Bobber?

Human Bobber is a company that creates multi-functional personal floatation devices. It’s both safe and fun to use. The unique gadget has been approved by both the US Coast Guard and water enthusiasts.

It’s a more convenient option than clinging to a floppy pool noodle or struggling to balance on a raft.

And, while you have your hands free, you may as well have an icy beverage in its own Beverage Bobber.

The vests may be worn as pants or as a chair-like float, transforming you into a genuine Human Bobber.

Who is the man behind Human Bobber?

Human Bobber is a company established in Fort Lauderdale, Florida that was founded in 2001 by two entrepreneurs, Justin Rietema and Doug Schultz.

They were tired of hauling all that stuff about, which took up space that could have been used to bring along another buddy.

Those big orange vests aren’t often seen. The law does not compel you to wear them at all times; they must just be present aboard the boat in case of an emergency.

Like any great entrepreneur, they saw a problem and produced a simple solution – The Human Bobber.

They cost $65 and are similar to a high-quality life vest. They sell a beverage bobber, which is a life vest that allows your drink to float securely, for an extra 18 dollars.

The products may be found in a number of stores, as well as on Amazon.

What Happened to Human Bobber During Shark Tank Pitch?

Justin and Doug went on Shark Tank Season 9 Episode 5 in quest of $120,000 in exchange for a 15% share in their business. This translates into an $800,000 valuation.

While wearing it, they are marketing their goods. At the end of the pitch, Justin removes his life vest and converts it into a seat.

After getting samples, Kevin O’Leary was the first shark to pose a question; he had a foam-filled chair for use on the lake and was aware that such items were frequently inexpensively priced.

He wanted to know how much it cost to make and buy both items.

Doug told him that the Scuttlebutt vest cost $22.80 to make and retailed for $65, while the Bottoms Up vest cost $27.80 to make and retailed for $90, including all other costs.

Lori Greiner inquired about sales thus far, and Doug said that total sales in the previous three years had been $63,000, but this was due to the fact that they were awaiting coast guard accreditation, which they acquired this year (the segment was taped in 2016).

Kevin is the first Shark to make a bid, giving $120,000 for 33.3 percent ownership of the firm.

According to the emotions on Justin and Doug’s faces, Robert stated that it was a reasonable offer.

Mark feels there might be a synergy with Tower Paddle Boards, but he recognizes that it would require a lot of effort.

Lori Greiner perceived it to be an all-or-nothing investment opportunity, but the business was simply too little for her, so she backed out.

Robert Herjavec argued that marketing a feature for an established product would be challenging.

He informed Doug and Justin that a licensing agreement could be their best choice, but he was not interested in investing in the firm, and Robert was also out.

Daymond thinks they are too small for him to distribute through his network, therefore he is out.

Mark claims he wants a 10% part in Kevin’s 33% ownership, but he refuses to pay any of the $120,000.

He intends to collaborate with Tower Paddle Boards and feature the products on his Amazon exclusives website.

Kevin says that “everyone pays” and reminds Justin and Doug that an additional 10% contribution is required if Mark is to be included. Surprisingly, they agree to a deal despite the fact that they are giving up 43 percent of their business.

What Became of Human Bobber After Shark Tank Pitch?

The deal between Mark and Kevin never materialized. For a while, the men’s items were offered at West Marine and Camping World, however they are no longer accessible as of June 2021.

Nonetheless, they are accessible on Amazon. The company is now producing drink bobbers.

Following Human Bobbers’ triumph on Shark Tank, the company announced that they were now available at West Marine and Camping World locations.

There are three patented Human Bobber models to choose from:

Bottoms Up ($90) is a floating saddle and life jacket in one; Scuttlebutt Kayak ($80) is a kayak seat, floating saddle, and aquatic chair; and Scuttlebutt ($65) is a floating saddle, aquatic chair, and cushion.

Human Bobbers will continue to be a side project for Justin and Doug. Doug is employed by a landscape architecture firm, whilst Justin is employed by an engineering firm. With annual sales of around $950,000, it’s hardly a bad side hustle.

What is Human Bobber’s Net Worth?

Justin and Doug went on Shark Tank Season 9 Episode 5 in quest of $120,000 in exchange for a 15% share in their business. This translates into an $800,000 valuation.

They accepted a 43 percent ownership offer from Mark and Kevin, bringing the total price to $277,136.

The company’s present valuation is clearly higher as it has expanded.

Who are Human Bobber’s Competitors?

There are no known competitors for Human Bobber?

 Human Bobber FAQS

1. When did Human Bobber start?

Human Bobbers were first introduced online in late 2001, and were then made available at Fort Lauderdale in Florida.

They are now sold at West Marine, Camping World, and at Amazon.

2. Who founded Human Bobber?

Justin Rietema and Doug Schultz are the founders of Human Bobber.

3. How can they contact Human Bobber?

Please email them at [email protected].

4. When was Human Bobber on the Shark Tank TV show?

When was Human Bobber featured on Shark Tank?

Human Bobber was featured on Shark Tank Season 9 Episode 5 on October 22nd, 2017.

5. What is the Company’s website?

Human Bobber website is located at www.h3osports.com.

6. How much did Human Bobber asked their Shark Tank appearance?

Human Bobber was seeking an investment of $120,000 for a 15% share in their business.

7. How much was Justin Rietema and Doug Schultz given at the Tank?

They accepted an offer from Mark Cuban and Kevin O’Leary of $120,000 for 43% ownership.

8. What became of the deal between the sharks and Human Bobber after the segment aired?

The deal between Mark and Kevin never materialized. For a while, the men’s items were offered at West Marine and Camping World locations. Fortunately, they are still accessible as of June 2021.

9. What is annual revenue of Human Bobber?

The Company is still in business but the company is now producing drink bobbers with annual sales of around $950,000, it’s hardly a bad side hustle.

10. What is the net worth of Justin Rietema?

Justin Rietema’s net worth is unavailable.

11. What is the net worth of Doug Schultz?

Doug Schultz’s net worth is unavailable.

Similar Posts