What Happened to First Defense Nasal Screen After the Shark Tank Pitch?

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What is a First Defense Nasal Screen?

The First Defense Nasal Screens (FDNS) are nasal screens that stick to the nostrils. It is made of 100% breathable, non-latex, hypoallergenic material.

First Defense Nasal Screens adhere to the outside of their nose, hiding just the nasal passages.

They’re small and inconspicuous, yet they keep almost all particles out of your nose.

First Defense’s breakthrough Nasal Screens have been lab-tested and shown to be up to 92% effective at particles 1 micron in size and 77% effective at particles as small as 0.1 microns in size.

As a consequence, First Defense Nasal Screens are an easy, practical, and low-cost approach to protect yourself from viruses, bacteria, allergies, and pollution.

Who is the Inventor of First Defense Nasal Screens?

Joe Moore founded the company in 2011 after having a near-fatal sneeze.

Joe was driving one day when his allergies were worse. After an allergy-induced sneeze attack, Joe lost control of his car and almost collided with the tail of a semi-trailer vehicle.

The incident prompted him to seek a remedy to avoid a similar situation in the future.

Naturally, the first thing that sprang to mind was to try out some face masks. Face masks, he noticed, were big, uncomfortable, needed constant adjustment, and ultimately did not provide adequate protection since air could escape through the edges.

After considerable trial and error, he eventually developed the nasal filters that would save noses all over the world and make him a fortune today.

What Happened to First Defense Nasal Screen During Shark Tank Pitch?

Moore featured on Shark Tank season 2 episode 2 in exchange for a $500,000 investment for a 10% ownership in his company. This corresponds to a $5 million valuation.

He enters the Shark Tank with a clear pitch. He points out that one in every five television commercials currently is aimed at reducing nasal allergy symptoms, and that millions of people seek treatment in hospitals and doctor’s offices each year for allergy and respiratory irritation issues.

The Sharks are skeptical. “Are you kidding me?” Mark Cuban asks. Daymond John is interested in how many Moore has sold.

Moore reacts with 1.7 units, causing the Sharks to perk up. They are enthralled when he says that he has a deal in place for an additional 8 million units over the following six years.

He is in possession of the contract. Mark Cuban is no longer amused.

“With that object jammed up your nose, you don’t appear that odd,” Robert Herjavec observed.

Moore gives out samples to the Sharks, who are now taking him seriously. Kevin O’Leary is interested in patents, while Cuban is interested in the funds’ objective. The inquiries arrive thick and fast.

Barbara Corcoran is out due to the high cost of teaching people about the need for the product.

The other Sharks are slower to react. “I’m curious,” Kevin O’Leary says. He’d like to make a proposition.

He’s willing to contribute the $500,000, but he wants 20% plus a 15% royalty. Mark Cuban steps forward as O’Leary presses for an answer. He’s willing to work with O’Leary.

Daymond John is offering $800,000 in return for 30% ownership and a 10% royalty. O’Leary makes a second bid for the entire business, this time for $1 million.

Moore rejects but acknowledges that he would consider selling the company entirely for a significant price plus a 10% royalty.

Daymond John offers $1 million in return for 30% ownership and a 10% royalty until his investment is recouped.

Robert Herjavec increases his bid for the business to $2 million and promises Moore a 10% royalty.

Robert Herjavec makes the most generous offer in Shark Tank history. The corporation will receive $4 million in addition to a 10% royalty.

Moore proposes a counter-proposal. He would sell the company for $5 million-plus a 15% royalty. Herjavec turns him down. He’s no longer there.

O’Leary, Cuban, and John band together to make one final offer. They are giving Moore $750,000 in return for 30% ownership of the company and a 10% perpetual royalty.

He tries to change the terms of the deal by asking for $1.2 million so that he may complete the contract’s order, but all three Sharks assure him that the money would be used to address any potential issues.

Keeping this in mind, he accepts the offer and joins forces with the Sharks.

What Happened to First Defense Nasal Screen after the Shark Tank Pitch?

The transaction did not go through. First Defense Nasal Screens’ president and chief executive officer is More.

The Shark Tank exposure catapulted the company to new heights, making First Defense Nasal Screens one of the most successful Shark Tank ventures ever.

The company has license and distribution agreements in place all over the world, as well as patents in over 50 different nations.

In 2018, it inked a distribution partnership with an Indian company, Filter Your Life Healthcare Private Limited, to promote its products in India.

As of July 2021, the business is predicted to be worth $50 million.

What is the Net Worth of First Defense Nasal Screen?

As of July 2021, the business was predicted to be worth $50 million.

Who are the Competitors for the First Defense Nasal Screen?

There are no known competitors for First Defense Nasal Screen.

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First Defense Nasal Screen FAQS

1. How do they use First Defense Nasal Screens?

First Defense Nasal Screens adhere to the outside of their nose, hiding just the nasal passages.

They’re small and inconspicuous, yet they keep almost all particles out of your nose.

2. How do they differ from traditional masks?

The First Defense Nasal Screens fit comfortably into the nostrils, covering the nasal passages rather than the mouth and teeth.

They’re more hygienic since they don’t require constant cleaning and replacement.

3. Can they use them for food?

First Defense Nasal Screens are safe for food and water, but they are not for swimming.

4. Can they use them for more than one time?

They can keep on using First Defense Nasal Screens as long they like, but they should empty them in between uses.

5. Who founded First Defense Nasal Screens?

Joe Moore founded the company in 2011 after having a near-fatal sneeze.

6. Where is First Defense Nasal Screen headquartered?

First Defense Nasal Screens is headquartered in New Port Richey, Florida.

7. How much was Joe Moore seeking in the Shark Tank?

Moore was asking $500,000 for 10% of First Defense Nasal Screens.

8. How much did he receive?

O’Leary, Cuban, and John offer $750,000 in return for 30% ownership of the company and a 10% perpetual royalty.

9. What happened to First Defense Nasal Screen after the Shark Tank?