Shark Tank Update
Shark Tank Pitch
Invisiplug Shark Tank Update
Published:
2m
Los Angeles, CA
| Name | Invisiplug |
|---|---|
| Main Presenters | Michael Barzman and Bryan O'Connell |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 1/1/2017 |
| Main Location | Los Angeles, CA Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | Offer made from sharks |
Invisiplug Shark Tank Pitch
Michael Barzman and Bryan O'Connell created a line of surge protectors to blend into hardwood floors seamlessly. Their brand is Invisiplug. They have a patent on the process to create the look of the wood grain on a surge protector.
Michael and Bryan have put $70k into the business. In their first 6 weeks, they sold nearly 1500 units worth $10k in sales. Invisiplug has a test coming up in Costco, which could lead to Costco placing a large order if Invisipplug sells well. Furthermore, the Invisiplug is set to be featured in Oprah's magazine.
The sharks see Invisiplug as a crapshoot, and the valuation asked for high. All sharks go out except Lori, who leaves Michael and Bryan pondering over a royalty deal. Robert jumps back in to sweeten the pot, but the guys ultimately accept Lori's deal.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $125k for 10% of company | |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Offered | Lori Greiner | $125k for 10% of company with a $1 royalty per unit until paid back then drops to 50 cents |
| Company | Offered | Lori Greiner | $125k for 10% of company with a 25 cent royalty per unit until paid back then drops to 10 cents |
| Sharks | Deal | Lori Greiner | $125k for 10% of company with a $1 royalty per unit until paid back then drops to 25 cents |
| Sharks | Offered | Robert Herjavec | $125k for 25% of company |
| Company | Offered | Robert Herjavec | $125k for 20% of company |
| Company | Offered | Lori Greiner | $125k for 10% of company with a $1 royalty per unit until paid back then drops to 20 cents |
Mark Cuban
Out
Barbara Corcoran
Out
Kevin O'Leary
Out
Lori Greiner
Offered
Robert Herjavec
Offered
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Invisiplug After Shark Tank
According to staples.com https://www.staples.com/sbd/cre/tech-services/explore-tips-and-advice/tech-articles/a-clear-vision-led-to-big-business-for-invisiplug.html, Michael Barzman and Bryan O'Connell worked in the music industry before Invisiplug. After having the idea, they raised the initial money from family and friends. Shark Tank led to an explosion in business for Invisiplug.Link Preview
staples.com
The level of success achieved by Invisiplug is unclear. The website and business went down in 2017.
According to a 2016 article by latimes.com https://www.latimes.com/socal/burbank-leader/tn-blr-shark-tank-20160728-story.html https://www.linkedin.com/in/mike-barzman-48024656, in 2016 Michael Barzman was accused of pointing a gun at a man smoking near his apartment, which led to police confiscating a gun from him the next day and legal issues to follow. It doesn't appear as though Michael was found guilty of any wrongdoing. According to his LinkedIn Link Preview
latimes.com , he owned and ran an auction business from 2019 to at least 2022.Link Preview
LinkedIn
As of 2023, I couldn't find any info on Bryan O'Connell since appearing on Shark Tank.
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