What Happened to Peanut Butter Pump after the Shark Tank pitch?

What is Peanut Butter Pump?

The Peanut Butter Pump is a nozzle that attaches to a jar of peanut butter and dispenses the creamy sandwich spread.

By lowering the amount of utensils to wash, the pump contributes to a cleaner, more organized kitchen.

The crunchy peanut butter is dispensed by pumps in a streamwise method, three tablespoons at a time. Additionally, the cleaning technique is straightforward.

It is composed of silicone and plastic and fits most jars of peanut butter, ensuring that nothing is wasted.

Even the grainy peanut butter is dispensed in a stream, with each pump producing three tablespoons. Additionally, it is easy to clean.

Who is Peanut Butter Pump’s Founder?

Andy Scherer of Burbank, California created the Peanut Butter Pump.

Scherer created the gadget following his termination from a position in the financial services industry in 2016.

He returned home that day and prepared a peanut butter sandwich, figuring there must be a more elegant way to serve his favourite cuisine.

The Peanut Butter Pump was born as a consequence.

Scherer got the ball rolling in April 2019 with a $133,790 IndieGoGo campaign.

He has not yet delivered a product. As of October 2019, he has not even completed the product.

He was on his way to Taiwan at the time to approve the final prototype and begin manufacturing the finished units.

Additionally, he has a second invention, the Nutternado, which is now in the “Pre-order” stage.

What Happened to the Peanut Butter Pump on Shark Tank?

Andy appears on Shark Tank Season 11 Episode 7 seeking $200,000 in exchange for a 15% share in his business. This equates to a $1.3 million valuation.

He narrates his story and offers samples, but the Sharks appear amused rather than enthralled.

Kevin fancies himself an authority in peanut butter and brings up the debate over whether or not to refrigerate peanut butter. Andy asserts that this will not work with chilled or chunky peanut butter.

When Andy informs the Sharks that he missed his IndieGoGo delivery deadline and used a portion of the funds for personal expenses, they express worry.

John raised his hand as if he were a pleased child, awaiting Scherer’s summons, before remarking that he didn’t comprehend the invention’s purpose: “What actual problem is it resolving? I apologize, Andy, but I am going.”

Greiner and Herjavec concurred. Herjavec praised the product but questioned its utility: “I feel you’ve created a rather expressive design for a problem I don’t believe exists.”

The issue, for O’Leary, was never the peanut butter, but rather Scherer’s valuation of his firm at more than $1.3 million.

“The fundamental issue is that paying $200,000 for 15% is insane,” O’Leary stated. “I am a staunch supporter of commodities, but this price is insane.”

Despite his lack of interest, shark Mark Cuban praised Scherer for being a good sport while the sharks enjoyed themselves at his expense.

Scherer ensured that, despite the fact that he was going without a contract, his entrepreneurial ambitions were not over.

What Became of Peanut Butter Pump Following Shark Tank pitch?

As of August 2020, the item is still featured on the company’s website as “pre-order.” According to the website, “this product is scheduled to ship on 3/15/2020.”

Andy had also not fulfilled the IndieGoGo orders as of August 2020.

In June 2021, the IndieGoGo campaign was refreshed. Andy is awaiting the arrival of a piston ring.

In November 2021, he received verification that the gadget works but has not yet been sent.

What is the Net Worth of Peanut Butter Pump?

Andy raised $133,790 with his IndieGoGo campaign. The product has not yet been shipped since it is presently undergoing final manufacturing steps.

Andy’s Shark Tank presentation indicates that the business is valued $1.3 million.

Who are the Competitors of Peanut Butter Pump?

There are no known competitors for Peanut Butter Pump.

What Happened to Buck Mason After Shark Tank?

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Peanut Butter Pump FAQS

1. What does Peanut Butter Pump claim to do?

According to the product’s website, the Peanut Butter Pump is a nozzle that attaches to a jar of peanut butter and dispenses the creamy sandwich spread. By lowering the number of utensils to wash, the pump contributes to a cleaner, more organized kitchen.

2. Who founded Peanut Butter Pump?

Andy Scherer of Burbank, California is the inventor of Peanut Butter Pump.

3. When did Peanut Butter Pump get started?

Scherer started the ball moving in April 2019 with a successful IndieGoGo campaign that raised $133,790.

4. How Andy Scherer did came up with the idea?

After losing his job, Scherer returned home one day and prepared a peanut butter sandwich, figuring there must be a more elegant way to serve his favourite cuisine. The Peanut Butter Pump was born out of this idea.

5. What does the Product do?

The peanut butter is dispensed by pumps in a streamwise method, three tablespoons at a time. Additionally, it is easy to clean.

6. Does the product works crunchy?

Yes! The pump is effective on crunchy. Because the creator enjoys crispy sandwiches, this was a must-have feature.

7. What is the website address of the Peanut Butter Pump?

The website address of the Peanut Butter Pump is www.thenuttyinventor.com

8. Is Peanut Butter Pump compactible with any Peanut Butter jar?

No, the pump is only compatible with 40-oz and 48-oz containers.

9. How much was Andy Scherer seeking in the Shark Tank?

He sought $200,000 in exchange for 15% shares in his business.

10. Did Andy Scherer get a deal on Shark Tank?

No, all of the Sharks declined to invest in Peanut Butter Pump.

11. What eventually became of Peanut Butter Pump?

As of August 2020, the product is still featured on the company’s website as “pre-order”. According to the website, “this product is scheduled to ship on 3/15/2020.”

Andy had also not fulfilled the IndieGoGo orders as of August 2020.

In June 2021, the IndieGoGo campaign was refreshed. Andy is awaiting the arrival of a piston ring.

In November 2021, he received verification that the gadget works but has not yet been sent

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