David Mayer had the idea of reinventing the reusable water bottle and he found success in his endeavors. With detachable ends, this new Clean Bottle is much easier to clean than traditional water bottles.
It is possible for your water bottles to develop an unpleasant odor if they are not properly cleaned. As a general rule, it is not recommended to drink water out of a bottle that hasn’t been thoroughly rinsed since it may contain contaminants.
Thus, Mayer was able to find a way to solve the issue and was able to make it a pretty successful venture.
|Company Name||Clean Bottle|
|Founder||Bill Walton and David Mayer|
|Product||Easily washable, BPA-free bottle with removable bottom|
|Clean Bottle Net Worth||$4 million (Last Updated 2022)|
Clean Bottle Net Worth
When Clean Bottle appeared on Shark Tank, it was valued at $1.2 million. As of 2022, Clean Bottle has a net worth of $4 million.
Founder Of Clean Bottle
Clean Bottle was founded by David Mayer. Following his time at Juniper Networks, Goldman Sachs, and Cisco, Clean Bottle was his first business venture.
He was no longer associated with Clean Bottle when he sold the company in 2018. At the moment, he is serving as AllStripes’ Vice President of Operations & Marketing.
Rather than having to clean regular water bottles, David decided to build a bottle that would be easier to clean. In order to protect his technology from being exploited by others, he filed for patents. In effect, this slowed down his company’s bottle manufacturing process.
When David started Clean Bottle, he realized his investment had run out. Insufficient finances prevented him from being able to sell his products effectively. In order to overcome this obstacle, he developed an inventive marketing plan.
As part of his plan to gain attention for Clean Bottle, David opted for the Tour de France.
He was seen with the bikers wearing a Clean Bottle mascot costume. Clean Bottle was very fortunate to come up with this unique idea, since the event provided global exposure for Clean Bottle.
As a result of the plan, Clean Bottle sold approximately $750000 worth of products. It made $70,000 in a matter of days after it got distribution in a bunch of places.
Clean Bottle Shark Tank Deal
Clean Bottle’s founder, Dave Mayer, recently had the opportunity to appear on Shark Tank and he requested $60,000 for 5% of the company.
With everything on the line, Mayer succeeded in winning the Shark deal. A final deal was made between Dave Mayer and Mark Cuban for $60,000 in exchange for 8% equity in Clean Bottle.
What Happened to Clean Bottle after Shark Tank Deal?
In the wake of its appearance on Shark Tank, Clean Bottle quickly became a huge success, as David had predicted. Due to his contacts in the sports world, Mark Cuban’s involvement definitely helped a lot.
Following its appearance on the show, Clean Bottle sells bottles made from either plastic or stainless steel, available in a wide range of colors and shapes. Additionally, the bottles come with a number of accessories, like fruit infusers and filters, which have only contributed to their growth.
Clean Bottle’s website, cleanbottle.com has all the details and products you need. The company guarantees durability for a lifetime, which many consumers agree with. No doubt, Shark Tank proved to be a great platform for David and Mark to do business together.