What Happened to the Liquid Money after the Shark Tank Pitch?

Table of Contents show

What is liquid money?

Liquid Money is a fragrance for men and women that uses the aroma of money to boost productivity and inspire performance.

McCarthy uses authentic strips of real money bought from the Treasury Department to bottle the perfume of money in His and Hers Money perfumes.

Each container includes compounds present in legal currency, which produce the realistic scent of freshly minted money.

Liquid Money bottles are also wrapped completely of shredded dollar bills to give the smell a genuine look and feel.

Who is the Inventor of Liquid Money?

Patrick McCarthy, the inventor of Liquid Money, is a former Microsoft Vice President and a 20-year software sales veteran.

Among the firms on his resume are SAP America, BroadVision, and Autodesk. McCarthy has been motivating and inspiring his staff for years previous to the debut of his current venture, Liquid Money.

McCarthy continues, “Liquid Money was inspired by a Japanese study that revealed the aroma of the green thing made us perform more successfully.”

Factory workers performed more when the aroma of money was pumped via the air vents, according to tests.”

He registered the trademark and consulted with Larry “the Nose” Murrison, a fragrance business specialist and the creator of Michael Jordan Cologne.

They cooperated to produce a cologne and perfume infused with the scents of cotton, silk, and linen – all of which were formerly utilized to generate money.

The colognes His Money and Her Money are packaged in authentic shredded bills.

What Happened to Liquid Money During Shark Tank?

Patrick entered Shark Tank season 3 episode 3 looking for $100,000 in return for a 5% share in his company. This implies a $2 million valuation. He talks about his products.

The Sharks are approached by two female models who give them perfume samples.”

According to Patrick McCarthy, the perfume comes in two varieties: His Money and Her Money, implying that both men and women may buy and wear the aroma of money.

He earns $52,000 a year but receives only a little portion of it. McCarthy believes that various institutions have approached him about providing Liquid Money as a gift or incentive to new consumers.

Patrick McCarthy claims to have put $50,000 of his own money towards the creation of Liquid Money.

Mr. Wonderful feels that purchasing shelf space will be too expensive. Daymond feels that the project would require a significant amount of promotion to get off the ground and wonders why more equity was not offered.

Mark decides the valuation is too high and departs.

Kevin O’Leary claims that he enjoys money, that he is emotionally invested in it, and that money adores him. Kevin O’Leary is also not present.

Daymond offers $100,000 for 80% of the company and indicates that he will just license the name.

Barbara is certain that it does not smell like money and exits.

According to Robert Herjavec, Liquid Money is a licensing product rather than a perfume. According to Robert Herjavec, he would not invest in Liquid Money.

Patrick McCarthy tells Daymond John that he feels eighty percent is too high due to the high demand for Liquid Money.

Daymond John argues that he just wasted his opportunity and is now out as well.

What Happened to the Liquid Money Following the Shark Tank Pitch?

Patrick McCarthy received a lot of attention as a consequence of his debut on Shark Tank.

In the months after the original broadcast, the firm received substantial media coverage.

It was named the “official fragrance” of Las Vegas as well as the “official aroma” of the Mrs. America Pageant.

Mrs. Kentucky and Mrs. Texas have promoted the scent, and it is popular among sports, celebrities, and money managers.

Liquid Money is available online as well as at over 200 retail locations around the country.

A little more than a year after the original presentation, Liquid Money is featured in a follow-up story on episode 416.

Patrick McCarthy is yet another Shark Tank success story.

The firm is still in operation as of July 2021, with annual sales of $4 million.

In addition to selling fragrance, he is a business motivational speaker.

What is the Net Worth of Liquid Money?

Patrick entered Shark Tank season 3 episode 3 looking for $100,000 in return for a 5% share in his company. This implies a $2 million valuation. The company’s present valuation is clearly higher as it has expanded.

Who are Liquid Money’s Competitors?

There are no known competitors for Liquid Money.

What Happened to Lord Nut Levington after Shark Tank Pitch?

What Happened to Abii Robot After Shark Tank?

Liquid Money FAQS

1. What is Liquid Money?

Liquid Money is a fragrance for men and women that uses the aroma of money to boost productivity and inspire performance.

McCarthy uses authentic strips of real money bought from the Treasury Department to bottle the perfume of money in His and Hers Money perfumes.

2. What are the Ingredients in Liquid Money?

Each container includes compounds present in legal currency, which produce the realistic scent of freshly minted money.

3. Where can they get Liquid Money?

Liquid Money is available online as well as at over 200 retail locations around the country.

4. Who founded Liquid Money?

Patrick McCarthy, a former Microsoft Vice President and a 20-year sales veteran, founded the company.

5. Where is Liquid Money located?

Liquid Money is based in Illinois.

6. What is the website address of Liquid Money?

Their website is www.liquidmoney.com

7. What is annual sales?

As of July 2021, the firm generates $4 million in yearly sales.

8. How much was Patrick McCarthy seeking in the Tank?

Patrick McCarthy was seeking $100,000 for 5% of his company. This means he was seeking a net worth of $2 million at the time of his deal.

9. What happened to Liquid Money at the Shark Tank?

McCarthy did not get an offer from any of the Sharks, and he left the Tank empty-handed.

10. What is Liquid Money’s revenue?