What Happened to Invisiplug Shark Tank After the Pitch on Shark Tank?

What is Invisiplug?

Invisiplug is a surge protector designed to blend in with hardwood flooring. Invisiplug, unlike most generic surge protectors (or power strips), comes in three colours: natural, medium cherry, and dark oak. The Invisiplug comes in two sizes: basic and deluxe.

Who is the Inventor of Invisiplug?

Michael Barzman and Bryan O’Connell created Invisiplug. The product was introduced in June 2013 at Lowe’s Home Improvement Stores and is also available on Amazon.

Both men created this idea after noticing how unsightly regular power adapters are in people’s houses.

After some thinking, the couple realized they could incorporate this universal requirement into any given décor. As a consequence, the Invisiplug was created.

The plastic, wood grain look is intended to complement wood floors and costs around the same as normal power strips and surge protectors.

What Happened to Invisiplug’s Pitch on Shark Tank?

Bryan and Michael went on Shark Tank Season 5 Episode 14 in pursuit of $125,000 in exchange for a 10% share in their business. This equates to a $1.25 million valuation.

They’ve sold around 1,500 devices in less than two months.

Mark goes out because he feels they should be more “high end.”

Before declaring himself out, Robert says he doesn’t see a market for such a product and admits that it blends in better but isn’t physically appealing.

Kevin O’Leary says your company isn’t worth a million dollars since you haven’t started selling yet. He’s no longer there.

Barbara says she likes the product and would want to purchase three dozen more. Barbara, too, agrees with Kevin on the value of the product. She regards it as absurd. Before leaving, she gives her best wishes to the pair.

Lori asks the boys a few questions, and they reveal that they will be featured in Oprah’s O Magazine.

Lori puts on her Mr. Wonderful hat and offers $125,000 for 10% of the company, with a $1 per unit royalty until she recoups her investment, plus 50 cents per unit in perpetuity.

Bryan and Michael counter with a royalty of 25 cents per unit until recovery, then a charge of 5 or 10 cents per unit in perpetuity.

Lori repeats her offer, but this time she lowers the in perpetuity royalty to 25 cents per unit.

Robert has been watching the events and has returned with a $125,000 bid for 25% of Invisiplug.

They talk Robert down to 20%, and he accepts on the condition that they accept immediately. They have an argument, and Robert goes away.

Lori, after some back and forth, agrees to a contract for $125,000 for 10% of the business plus a $1 per unit fee until she recoups her investment plus 25 cents per unit in perpetuity.

What Happened to Invisiplug Shark Tank After the Pitch on Shark Tank?

Invisiplug went on to become one of Lori’s All Stars and make a lot of money! Target, Staples, and Amazon now stock the items.

Despite the fact that the firm has been referenced in past group reports, an individual update on this company is improbable.

In early July 2016, Burbank, CA police arrested Michael Barzman for felony assault with a weapon after he allegedly drew a revolver on a man smoking a cigarette outside his home.

Barzman, according to his counsel, carried an empty gun and never pointed it towards the man.

Barzman was freed on $50,000 bail, and the matter is still being investigated. When he was arraigned, he pled not guilty.

The case was dismissed in November of 2016. In December of 2017, the company went out of business.

In January 2020, Barzman was arrested again for assault with a pistol.

He pleaded guilty, but the charges were withdrawn. In August 2021, Barzman will be running an auction firm, while O’Connell will be keeping a low profile.

What is Invisiplug’s Net Worth?

Bryan and Michael went on Shark Tank Season 5 Episode 14 in pursuit of $125,000 in exchange for a 10% share in their business. This equates to a $1.25 million valuation.

They accepted Lori’s offer of $125,000 for 10% of the company plus a $1 per unit royalty until she recoups her investment plus 25 cents per unit in perpetuity, resulting in the same valuation.

Because they are no longer in business, there is no current valuation.

Who are Invisiplug’s Competitors?

Invisiplug does not have any competitors.

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Invisiplug FAQS

1. Who was Invisiplug?

Invisiplug is a surge protector designed to blend in with hardwood flooring. Invisiplug, unlike most generic surge protectors (or power strips), comes in three colours: natural, medium cherry, and dark oak.

2. How was the product developed?

Both men created this idea after noticing how unsightly regular power adapters are in people’s houses.

After some thinking, the couple realized they could incorporate this universal requirement into any given décor. As a consequence, the Invisiplug was created.

3. Who Founded Invisiplug?

Michael Barzman and Bryan O’Connell created Invisiplug. The product was introduced in June 2013 at Lowe’s Home Improvement Stores and was also available on Amazon.

4. When was Invisiplug founded?

Invisiplug launched at Lowes Home Improvement Stores in June 2013.

5. Where was Invisiplug headquartered?

The headquarters of Invisiplug was located at Gloria Ave Encino, CA, USA.

6. How much was Michael Barzman and Bryan O’Connell seeking in the Tank?

Michael and Bryan sought $125,000 for 10% of the Company.

7. How much was given in the Shark Tank?

Lori offered them $125,000 for 10% of the business plus a $1 per unit fee until she recoups her investment plus 25 cents per unit in perpetuity.

8. Is Invisiplug still in business?

In December of 2017, the company went out of business.

9. What happened to Invisiplug after the Shark Tank?

Burbank, CA police arrested Michael Barzman in early July 2016 for felony assault with a handgun after he reportedly pulled a pistol on a man smoking a cigarette outside his home.

According to his lawyer, Barzman held an empty gun and never pointed it at the man.

Barzman was released on a $50,000 bond, and the case is still ongoing. He pled not guilty when he was arraigned.

10. Where can I buy Invisiplug?

This business is no longer available.

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