Shark Tank Pitch

Buffer Bit Shark Tank Update

Published:

2m

Chicago, IL

Buffer Bit Shark Tank Update


Pitch Overview
NameBuffer Bit
Main PresentersMichael Quinn
Presenter Image
Buffer Bit Entrepreneurs: Michael Quinn
Product Image
Buffer Bit Product Image
Last Known in Business2/2/2023
Main Location

Chicago, IL

Loading Map

Order Shown in Episode3
Final DealAll Sharks went Out

Buffer Bit Shark Tank Pitch

Michael Quinn found it was a hassle to polish his shoes with a shoe shine kit and too expensive to pay someone else to do it, so he created the Buffer Bit. The Buffer Bit is a power drill insert that can be used to polish shoes and other applications such as cars.

In nine months, Michael sold $30k worth of Buffer Bits. He has taken it to a local hardware store who liked the product, but not that Michael was working on it out of his basement.

Lori suggests clothing trends are moving more casual, and Mark has always been casual. They don't see a large enough market for the product. Kevin sees potential to polish his Tastevin, a wine-tasting glass made of pure silver that must be polished to participate in his wine-tasting for the secret society he is a member of called the Chevaliers du Tastevin. All the sharks go out.


Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$75k for 25% of company
SharksOutMark CubanOut
SharksOutLori GreinerOut
SharksOutDaymond JohnOut
SharksOutKevin O'LearyOut
SharksOutRobert HerjavecOut

Mark Cuban
Mark Cuban

Mark Cuban

Out

Daymond John
Daymond John

Daymond John

Out

Kevin O'Leary
Kevin O'Leary

Kevin O'Leary

Out

Lori Greiner
Lori Greiner

Lori Greiner

Out

Robert Herjavec
Robert Herjavec

Robert Herjavec

Out


Updates in Shark Tank Episodes

Update SeasonUpdate Episode
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Buffer Bit After Shark Tank

Michael Quinn did an interview with shawlocal.com

Link Preview

shawlocal.com

https://www.shawlocal.com/2014/02/28/a-la-grange-resident-shines-his-way-onto-abcs-shark-tank/a2xl070

just before his Shark Tank appearance. Michael said he had been coming up with ideas for years and decided the Buffer Bit was worth taking a shot on. He planned to build a brand with several products down the road. According to a 2015 article by 24-7pressrelease.com

Link Preview

24-7pressrelease.com

https://www.24-7pressrelease.com/press-release/399539/shark-tank-entrepreneur-goes-auto-buffer-bit-launches-precision-polishing-products

, Michael expanded his polishing drill bits line and received positive reviews from the car industry.

Buffer Bit's last post on its Twitter, @bufferbit

Link Preview

@bufferbit

https://x.com/bufferbit

, was in 2016. As of 2023, their website, bufferbit.com

Link Preview

bufferbit.com

https://www.bufferbit.com

, sells a few polishing drill bits, while most of the products on the website show as sold out. I couldn't find what Michael is up to as of 2023. His LinkedIn

Link Preview

LinkedIn

https://www.linkedin.com/in/mike-quinn-0549a848

appears untouched for a long time.


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