Shark Tank Update
Shark Tank Pitch
Bev Buckle Shark Tank Update
Published:
3m
Sioux Falls, SD
| Name | Bev Buckle |
|---|---|
| Main Presenters | Jay Kriner |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 9/12/2022 |
| Main Location | Sioux Falls, SD Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | Deal was made on the show with sharks Barbara Corcoran for $50k for 51% of company, but it fell through after the show. |
Bev Buckle Shark Tank Pitch
Keep your pants on ladies. Jay Kriner found a way to turn a belt buckle into an easy, convenient pop-out cup holder with his company Bev Buckle.
Jay Kriner hopes to leave his dangerous day job of finding and disposing of bombs. Jay has only sold 4000 units worth $340k over the last four years by personally selling Bev Buckles at festivals.
Jay had issues with receiving defective Bev Buckles from his supplier and has run out of inventory. Jay has eyes for large retailers such as camping stores if he can secure money to place a large order through an established manufacturer.
With three offers on the table, Jay chooses to accept Barbara's.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $50k for 10% of company | |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Offered | Robert Herjavec | $50k for 75% of company |
| Sharks | Offered | Kevin O'Leary | $50k for 0% of company and 12% royalty |
| Sharks | Deal Never Closed | Barbara Corcoran | $50k for 51% of company |
Mark Cuban
Out
Daymond John
Out
Kevin O'Leary
Offered
Barbara Corcoran
Deal Never Closed
Robert Herjavec
Offered
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Bev Buckle After Shark Tank
According to Shark Tank Blog https://www.sharktankblog.com/business/bevbuckle, the deal with Barbara never went through although Barbara continued to offer guidance and was willing to fund a large order if Jay needed it. Barbara also went out initially but it was not shown in the final cut.Link Preview
Shark Tank Blog
The Bev Buckles website, bevbuckle.com https://bevbuckle.com was getting a couple of hundred visits a day before Shark Tank and got 22k visits the night Shark Tank aired and sold $40k units that week.Link Preview
bevbuckle.com
Jay set up a manufacturing facility in the USA and continued to go to events in person to sell Bev Buckles such as NASCAR events and country music festivals.
In 2022 the website sells metal buckles with several designs such as American Flags. The Instagram, @bevbuckle https://www.instagram.com/bevbuckle actively posts.Link Preview
@bevbuckle
After attending many festivals and observing some poorly run events, Jay started another company Noqidin (pronounced "No Kiddin"), which helps promote beer festivals using the tricks he's seen work.
I could not find anything on Jay after the Shark Tank Blog article, which came immediately following the Shark Tank appearance. I suppose with a newborn baby Jay had his hands full. At least he had a place for his drink.
That is until I stumbled accross seekerracing.com https://www.seekerracing.com, which has Jay listed as a racing driver for a new racing team coming in 2023 called Seeker Racing. Perhaps Bev Buckles was all a ploy for Jay to sneak his way into the engine rooms of performance race teams and discover the most heavily guarded secrets in racing.Link Preview
seekerracing.com
Jay has been working on performance cars since he was 13. He is also listed as wearing a size 9 shoe, which leaves me wondering without closure what the significance of shoe size is to driving a racecar.
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