What Happened to Biem Butter Sprayer After the Shark Tank Pitch?
What is Biem Butter Sprayer?
The Biem Butter Sprayer is a device that rapidly turns a solid stick of butter into a liquid spray.
It has no chemicals or propellants and sprays butter for delicious grilled cheese and popcorn.
It allows you to customize your serving amount while cooking and liquefies butter without burning it. It is powered by a rechargeable refrigerator battery.
The Biem Butter sprayer was created for folks who enjoy butter. A user might use the sprayer to apply butter sparingly.
Insert a butter bar into the Beam Butter sprayer and heat it until melted. The user would next spray the butter with the sprayer.
Who is the Founder of the Biem Butter Sprayer?
Doug Foreman founded Biem Butter Sprayer. He is a real serial entrepreneur and creative, having founded firms such as Guiltless Gourmet (which he allegedly sold for $500 million) and Beanitos before launching Biem Butter.
Despite showing great promise, it never took off; the official website is still up and operating, but the goods are listed as sold out.
Doug is the current CEO of Austin Automation.
Doug, who has worked in the food industry his whole life, discovered that butter was being misused.
He also mentioned that, although being a great cooking oil, butter was always solid. To decrease waste, he was inspired to construct a Biem Butter sprayer.
After developing the sprayer, he realized that it could be used on a variety of foods, that the flavor was improved, and that it used very little butter. He then sought for patents on the nozzle spray.
Doug used crowdfunding to fund the mass production of the Biem Butter sprayer.
The product had a lot of bells and whistles, so investors were willing to put their money on the line.
When the Biem Butter sprayer is lifted, it may automatically begin melting butter and can also turn off when it has melted the butter.
Furthermore, the nozzle could correctly sprinkle butter without becoming clogged, and the equipment was simple to clean.
In April 2016, Foreman raised $235,000 on Kickstarter to support the development of Biem. Before launching Biem, Foreman founded Beanitos and Guiltless Gourmet, two lines of healthy chips and dips.
What Happened to Biem Butter Sprayer at the Shark Tank Pitch?
Doug appeared Shark Tank season 8 episode 4 in quest of a $500,000 investment in exchange for a 5% ownership in his company. This implies a $10 million valuation. He has a video of himself describing the product roll to the Sharks.
Doug feeds each Shark a bowl of popcorn and Biems.
By elevating it, you activate it, and the machine will only melt the butter you use.
Doug claims that it costs him $43 to make a unit, which he believes he can reduce with volume, and that he sells them for $137.
Doug says no to Robert’s query regarding if there are any further sprayers. He informs Lori that he has two pending patents for the device.
When Robert inquires about the valuation, Doug explains that he expects to sell 100,000 units in the first year, for a total of $10 million.
Daymond opens the auction with a bid of $500,000 for 17.5%.
Lori tries to ask a question, but Daymond cuts her off. Then Kevin came up with $500,000 for a 15 %.
Lori wonders if they could produce two variants, one with a stainless steel shell and one without.
Lori offers $600,000 for 20% when Doug says he’s open to it. Then Robert enters the battle, offering $50,000 for a 10% stake.
John then warns that if he does not accept and acknowledge one specific offer, others will begin to disappear.
He grows irritated and withdraws his offer. He then adds that he hoped to arrange a deal with Mark Cuban, forcing Herjavec to depart. Cuban, on the other hand, does not make an offer.
Foreman responds to Greiner’s offer of $500,000 for 15% ownership with an offer of $500,000 for 15% ownership from O’Leary. She then cuts the equity to 14% in order to differentiate her offer from O’Leary’s. He finally accepts Greiner’s offer.
What Happened to Biem Butter Sprayer After the Shark Tank Pitch?
Lori’s purchase fell through. Biem had a lot of angry Kickstarter backers. Because the first version didn’t work, they built a Biem 2.0, and fans were unsatisfied.
The Better Business Bureau investigated the complaints. They presently sell on the corporate website, and the company is still in business as of February 2019.
The comments on their website is all positive, so perhaps they’ve worked out the issues.
There hasn’t been a Facebook post since December of 2019, and all of the sprayers are labelled as “out of stock” as of May 2021.
What is the Net Worth of Biem Butter Sprayer?
Doug appeared on Shark Tank in quest of a $500,000 investment in exchange for a 5% ownership in his company. This implies a $10 million valuation. He accepted Lori’s offer of $500,000 for 14% stock, valuing the company at $3.5 million.
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Biem Butter Sprayer FAQS
What is a Biem Butter Sprayer?
The Biem Butter Sprayer is a device that rapidly turns a solid stick of butter into a liquid spray.
Who was the founder of Biem Butter Sprayer?
Doug Foreman established Biem Butter Spray.
How much money was he looking for in the Shark Tank?
Foreman was seeking $500,000 in exchange for a 5% stake in the company.
Did he secure a contract from the Shark Tank?
Yes, he accepted a $500,000 offer from Lori Greiner for 14% stock, but the deal fell through.
How much did the Biem Butter Sprayer cost?
The Biem Butter Spray costs $137.
What happened to Biem Butter Sprayer?
The Biem Butter Sprayer garnered a lot of negative criticism from Kickstarter backers. Because the first version didn’t work, they built a Biem 2.0, and fans were unsatisfied.
Is Biem Butter Sprayer still in business?
It is no longer in business.
How was the Biem Butter Sprayer working?
They just drop a cube of butter on top of the Biem and switch it on by pushing the cool button on the machine’s back.
It melts the butter, and then they pull the front trigger, which is integrated into the handle, and a fine mist of butter is sprayed all over whatever they have in front of them.
When was Biem Butter Sprayer on Shark Tank?
They were aired on The 14th of October, 2016.
How were they cleaning a Biem Butter Sprayer?
When holding the beam to spray, press the on/off button once until it begins to pulsate, then press and hold for five seconds to begin the cleaning cycle.
Were they using coconut or olive oil in the Biem Butter Sprayer?
They are quite effective! In fact, any cooking oil will do.
Were they using Coconut or Olive oil in the Biem Butter Sprayer?
Yes, margarine sticks can be used, but not tubs. (It is not needed, but they prefer that they use butter.)
What was the size butter stick?
The Biem Butter Sprayer is designed to work with butter sticks that are commonly used in the United States! Yes, there are two sizes available.
One is short and stubby, while the other is long and slim, yet they both weigh 4 ounces.
They thought that was weird as well, but it happened owing to the proliferation of butter stick production equipment around the country.
How well did the Biem Butter Sprayer melt butter?
When butter is poured in the Biem Butter Sprayer, it falls from the product’s centre carriage and into a reservoir.
The Biem Butter Sprayer melts the butter with layers of ultra-thin heaters. When the butter is melted, it rises from the reservoir to spray.
How was the Biem Butter Sprayer melt butter?
The Biem Butter Sprayer has a level sensor that calculates when to turn on and off the device based on its position.
In a nutshell, this sensor alerts the Biem Butter Sprayer when it needs to melt additional butter based on how full the Biem Butter Sprayer reservoir is with butter.
When it reaches a certain level, it signals the Biem Butter Sprayer to melt more butter.
How much butter did the Biem Butter Sprayer spray at one time?
It sprays around 4g of butter each spray second.
How long was Biem Butter Sprayer take to go from stick to spray?
The melt-to-spray time is governed by the temperature of the Biem Butter Sprayer at the time of operation.
Using the Biem Butter Sprayer to add extra butter is faster than storing it in the refrigerator.
It will take longer if they are just starting to use the unit after it has been stored on the counter at room temperature.
