What Happened to World Record Striper Company After Shark Tank?
What is World Record Striper Company?
World Record Striper Company is a manufacturer of handcrafted fishing lures. They also design and sell the world’s longest and biggest bait casting reels.
The World Record Striper Company owns the rights to the original RattleSinker. It is a form of fishing equipment that imitates the sound of prey shellfish and lures large fish to your bait by sounding like a fish call.
The World Record Striper Company produces a line of fishing lures that use a distinctive rattling sound to attract large fish, such as the 81.8-pound striped bass caught by Greg Myerson, the company’s creator and lifelong fisherman.
Striped bass, for example, rely heavily on their hearing to find food because their eyesight is poor. Large fish are drawn to the rattling sound because it creates strong vibrations.
If you want to catch a genuine monster, the World Record Striper Company has the vital lures you’ll need in your tackle box. Among the goods offered are RattleSinker, Multi-Bait RattleJigs, RattleFloats, RattleRigs, and limited-edition RattleFlies and RattleJigs.
Who is the founder of World Record Striper Company?
Greg Myerson founded the RattleSinker technology. Myerson holds the record for the largest striped fish ever caught, at 81.8 pounds. He’s been dubbed the “Warren Buffet of fishing” by some.
Part of his success may be attributed to the proprietary set of lures and sinkers he’ll pitch to the Sharks, which use acoustics to mimic the sound of lobsters (striped bass’ preferred meal) strolling on the ocean floor in order to attract prize fish.
Myerson, an electrician, established the World Record Striper Company in 2011 to market and sell his fishing lures.
Myerson has caught a number of 50-pound fish using his World Record Striper Company gear. He’s also a well-known angler.
Wade Boggs, Tom Collichio, Jim Jensen of the Miami Dolphins, and even an astronaut have gone fishing with him.
Because of his notoriety, other anglers have tracked him down and followed him to his favorite fishing spots. While he cannot promise consumers the same level of success that he enjoys, his enticements can serve to level the playing field.
What Happened to World Record Striper Company at Shark Tank pitch?
Greg Myerson goes shark fishing in Shark Tank episode 626 as he pitches the World Record Striper Company. He’s searching for a Shark to help with marketing and distribution.
Greg appeared on Shark Tank in seeking of $75,000 in return for a 20% stake in his firm, which worth $375,000.
He takes out a pole and throws money at Kevin, explaining that this is how he’d catch a shark. Kevin was overjoyed.
Greg then describes his lures and displays a copy of his world-record capture. He claims to have set four world records with his merchandise. Lori caught stripers off Martha’s Vineyard’s shore.
He explains how the sound of his lures entices the bass. Greg began selling the patented lures after establishing the record. He’s only made $55,000 in sales in three years, mostly at fishing shows. He’s been making the lures by hand.
Daymond feels the product is an infomercial; however Kevin believes the patent is licensable.
Mark offers $80,000 in exchange for 33% equity in the company, the same deal he offered Shell Bobbers, but he wants Shell Bobbers to sell the product.
After Daymond and Robert exit, Kevin intends to make an offer. Greg was warned by Mark that if he takes Kevin’s offer, he would depart. Greg accepts Mark’s offer and the pitch concludes with a deal.
What Happened to World Record Striper Company After Shark Tank?
The deal with Mark was concluded. As of February 2022, the corporation was still fishing and selling his lures, with annual revenue of $1 million.
Competitors of World Record Striper Company
World Record Striper Company’s primary competitors in the market are Hana Rods Bug Bait Company and P.O.D. Fishing Company.
Net Worth of World Record Striper Company
During the pitch, the firm was valued at $375,000; following Mark Cuban’s investment, the company was valued at $242,424. Since then, the company has continued to operate, and its net worth might have just exceeded that of pitch.
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World Record Striper Company FAQs
What is World Record Striper Company?
World Record Striper Company is a manufacturer of handcrafted fishing lures. They also design and sell the world’s longest and biggest bait casting reels. The World Record Striper Company owns the rights to the original RattleSinker. It is a form of fishing equipment that imitates the sound of prey shellfish and lures large fish to your bait by sounding like a fish call.
Who is the founder?
The World Record Striper Company was founded by Greg Myerson.
Grey was asked how much money on Shark Tank.
Grey was asking $75,000 for a 20% ownership in the firm, which is worth $375,000.
How much money did Grey make on Shark Tank?
Mark Cuban paid Grey $80,000 for a 33 percent stake in the firm.
Is the World Record Striper Company still in operation?
As of February 2022, the corporation was still fishing and selling his lures, with annual revenue of $1 million.
What is World Record Striper Company made of?
The World Record Striper Company is a manufacturer and retailer of handmade fishing lures.
What is the operation of World Record Striper Company?
The World Record Striper Company is involved in the fishing sector. They begin by attracting the fish using a one-of-a-kind, proprietary noise-making system. The lure boasts a one-of-a-kind underwater sound system that incorporates an elastic band and striker plate inside aluminum housing, quartz crystals, and a six-point steel tip.
How many different brands does World Record Striper Company produce?
World Record Striper Company also manufactures its own line of fishing lures. In addition, the firm creates and distributes handcrafted fishing lures.
Who is World Record Striper Company’s target market?
World Record Striper Company’s target market is the younger generation and those who like fishing. This product is for everyone who enjoys fishing for recreation or sport.
How does World Record Striper Company generate revenue?
Through its network of agents, the corporation earns money by selling its products to individual clients, wholesalers, and retailers all around the world.
Where did World Record Striper Company get its start?
The World Record Striper Company was established in Miami, Florida. In addition, the corporation maintains an office in Hollywood, Florida.
What distinguishes World Record Striper Company from the competition?
The major attraction for the fish at World Record Striper Company is its unique, proprietary sound system. The lure boasts a one-of-a-kind underwater sound system that incorporates an elastic band and striker plate inside aluminum housing, quartz crystals, and a six-point steel tip.
What guarantees does World Record Striper Company make?
The corporation assures the protection of its intellectual property as well as the different patents it has.
Where does World Record Striper Company get its materials?
The World Record Striper Company manufactures their items using their own unique materials. To create its products, the firm also employs ingredients from other recognized manufacturers.
What is the address of World Record Striper Company?
Customers may get their items from Amazon for $54.57. They can also purchase them at retail outlets.
