The Wisp Shark Tank – Founder, Net Worth and Investment – Info Is Money (2024)

The Wisp Broom, an innovative cleaning product, made its appearance on Shark Tank, captivating the attention of both the sharks and viewers alike. Created by founder Eben Dobson, the Wisp Broom is a game-changer in the cleaning industry, combining the convenience of a broom and dustpan into one efficient tool.

During its pitch on Shark Tank, the Wisp Broom aimed to secure a $500,000 investment for 10% equity in the company, which was initially valued at $5 million. While the sharks were impressed by the broom’s features, including electrostatic bristles and a telescopic handle, only Kevin O’Leary made an offer, proposing $500,000 for 50% ownership. Despite not striking a deal, Lori Greiner expressed interest in helping sell the product on QVC after the show.

Although the Wisp Broom’s net worth has fallen to $1.8 million as of 2021, the company remains resilient and continues to seek growth opportunities in the broom industry. In this article, we’ll delve deeper into the Wisp Broom’s journey, its features, customer reviews, and its impact since appearing on Shark Tank.

Key Takeaways:

The Wisp Broom is an innovative cleaning tool that combines a broom and dustpan, designed by founder Eben Dobson.
During its appearance on Shark Tank, the Wisp Broom sought a $500,000 investment for 10% equity in the company.
While the sharks didn’t make a deal, Lori Greiner offered to help sell the product on QVC.
The Wisp Broom’s net worth has fallen to $1.8 million, but the company remains operational and seeks growth opportunities.
The broom’s features include electrostatic bristles and a telescopic handle, making cleaning more efficient.

What is Wisp Broom and Who is the Founder?

The Wisp Broom is a revolutionary household cleaning tool that combines the functions of a broom and dustpan, making cleaning a breeze. The inventor behind this innovative product is Eben Dobson, a driven and creative entrepreneur with a wealth of experience in the financial services industry.

Inspired by his previous design of a golf etiquette broom with a single-handed sweep and foot-controlled dustpan, Dobson set out to create a versatile cleaning tool that would simplify the cleaning process for households. After years of dedication and refinement, the Wisp Broom was born.

The Wisp Broom features cutting-edge electrostatic bristles that efficiently attract dust and pet hair, delivering a superior cleaning experience. Additionally, it incorporates a built-in cleaning comb in the dustpan, ensuring easy removal of debris from the broom. The broom’s design boasts a telescopic handle that can be extended up to four feet, allowing users to reach those hard-to-access areas with ease. The angled bristles further enhance its performance, enabling efficient sweeping in tight spaces.

With the Wisp Broom, cleaning becomes a quick and effortless task, saving time and effort for households. Its innovative design and high-quality construction make it a standout choice among cleaning tools in the market.

Key Features:

Revolutionary combination of a broom and dustpan
Electrostatic bristles for efficient dust and pet hair attraction
Built-in cleaning comb in the dustpan
Telescopic handle for reaching difficult areas
Angled bristles for efficient sweeping in small spaces

If you’re looking for a cleaning tool that simplifies your household chores and delivers exceptional performance, the Wisp Broom is the perfect choice. Its innovative features and the expertise of its founder, Eben Dobson, have propelled it to the forefront of the cleaning industry.

Next, let’s explore the captivating journey of the Wisp Broom on the Shark Tank and the impact it has made in the industry.

Wisp Broom’s Shark Tank Pitch

During the exciting pitch on Shark Tank, Eben Dobson confidently presented the Wisp Broom, seeking a $500,000 investment in exchange for a 10% equity stake in the company. The Sharks were introduced to the unique features of the broom and were given the opportunity to experience its effectiveness firsthand. However, concerns were raised about the company’s financial situation when Dobson revealed that he had invested $2.1 million of his own money and suffered a loss of $600,000. Despite this setback, there was still interest in the product.

Lori Greiner, a prominent member of the Shark Tank panel, recognized the potential of the Wisp Broom and saw an opportunity to help sell it on QVC, one of the largest home shopping networks. Although she did not invest in the company, her offer to support the product’s distribution after the show aired provided valuable exposure and potential growth.

The most notable offer came from Kevin O’Leary, known as “Mr. Wonderful” on the show. O’Leary proposed investing $500,000 but requested a 50% ownership stake in the company. While this offer demonstrated a strong belief in the product’s potential, Dobson ultimately declined the deal, citing the significant ownership stake as a barrier.

Despite not securing a deal on Shark Tank, the exposure gained from the pitch opened doors to other opportunities for the Wisp Broom. The brand received widespread recognition, generating interest from investors and customers alike. The pitch served as a launching pad for the company’s future success, fueling its growth and propelling it towards its aspirations in the cleaning industry.

Investor
Offer
Equity Stake

Lori Greiner
Partnership to sell on QVC
–

Kevin O’Leary
$500,000
50%

Wisp Broom’s Net Worth

The Wisp Broom company made quite an impression when it appeared on Shark Tank, initially valuing itself at $5 million. However, as of 2021, its net worth has declined to $1.8 million. This decrease can be attributed to various factors such as increased competition in the broom market and potential challenges in production and distribution. Despite this setback, the company has not only continued its operations but also focused on innovating its products.

The Wisp Broom has garnered positive reviews from customers and has emerged as a top-selling item on Amazon. While the decline in net worth is notable, it is important to remember that financial valuations can fluctuate. The Wisp Broom’s commitment to delivering quality and convenience remains unwavering, allowing the company to thrive in a competitive industry.

Customer Reviews on Wisp Broom’s Effectiveness

“The Wisp Broom is an absolute game-changer! It effortlessly picks up dust and debris, making cleaning a breeze. Highly recommended!” – Sarah R.

“I’ve tried many brooms, but the Wisp Broom is by far the best. Its innovative design and electrostatic bristles make cleaning so much easier and efficient.” – Mark T.

These testimonials are just a glimpse of the positive feedback the Wisp Broom has received. Its unique features and exceptional performance have won over customers, solidifying its position as a trusted cleaning tool.

Despite the decline in net worth, the Wisp Broom company continues to strive for excellence, aiming to meet the evolving needs of customers. With its dedication to innovation and a growing customer base, the future holds great promise for the Wisp Broom.

Wisp Broom’s Journey After Shark Tank

After its appearance on Shark Tank, the Wisp Broom company faced challenges but continued to operate. Lori Greiner, one of the sharks, offered to help Eben Dobson sell the product on QVC after the show aired, even though she did not make an investment.

“I see potential in the Wisp Broom and believe it deserves a chance to shine on QVC. I’m confident that it can be a success in the market,” Greiner expressed.

The company’s valuation has since increased to $14 million, showcasing its resilience and growth. As of 2022, the Wisp Broom has achieved annual revenue of $7 million, marking a significant milestone in its journey.

In response to customer demand, the Wisp Broom expanded its product line to include a range of outdoor and indoor cleaning tools. The introduction of new products has helped the company gain traction in the market and increase its sales. Over the course of its business, the Wisp Broom has sold over 100,000 units, proving its popularity and customer satisfaction.

This growth and success are a testament to the Wisp Broom’s innovative design and commitment to revolutionize the cleaning industry. With continued dedication to quality and customer satisfaction, the Wisp Broom aims to solidify its position as a leading brand in the market and expand its reach worldwide.

Features of the Wisp Broom

The Wisp Broom is designed with several innovative features that make cleaning more efficient.

Firstly, the bristle design of the Wisp Broom utilizes electrostatic energy to attract and trap dust and debris. This unique feature ensures that no particles are left behind, resulting in a cleaner and more thorough sweep. The angled bristles allow for a “clean sweep” in any direction, reaching even the tightest corners and edges with ease.

Another standout feature of the Wisp Broom is its telescopic handle. With the ability to extend up to four feet, the broom can effortlessly reach difficult areas such as high ceilings, ceiling fans, and under furniture. This telescopic handle feature ensures that no spot is left untouched, providing a comprehensive cleaning experience.

The Wisp Broom’s dustpan is equally impressive, thanks to its built-in cleaning comb. This comb effectively removes hair and dust from the broom, keeping it clean and ready for the next use. In addition, the unique shape of the dustpan helps funnel debris into the pan more easily, preventing any spills or messes during cleaning.

In summary, the Wisp Broom offers a convenient and effective cleaning solution with its innovative features. From its electrostatic bristle design to its telescopic handle and built-in cleaning comb, this broom is designed to simplify and enhance the cleaning process, making it a must-have tool for any household.

Wisp Broom’s Popularity and Customer Reviews

The Wisp Broom has garnered widespread popularity and received positive customer feedback since its appearance on Shark Tank. Customers have been particularly impressed with the broom’s exceptional ability to swiftly pick up dust and debris while offering ease of use. In comparison to traditional brooms and dustpans, many users have found the Wisp Broom to be a substantial improvement, making it a top-selling product on renowned platforms like Amazon.

Customers have praised the Wisp Broom’s unique features and innovative design, making it the preferred choice for individuals who prioritize cleanliness and convenience in their home cleaning routine.

“The Wisp Broom has revolutionized my cleaning routine! It effortlessly captures every speck of dust, and its telescopic handle makes it convenient to reach even the trickiest corners.” – Sarah H.

“I love how effective and time-saving the Wisp Broom is. It’s a game-changer in the cleaning industry!” – Mark L.

Positive Customer Reviews:

Captures dust and debris quickly
Easy to use and maneuver
Improvement over traditional brooms and dustpans
Convenient telescopic handle

The satisfaction and overwhelmingly positive feedback from customers have solidified the Wisp Broom’s position as a leading choice in cleaning tools.

Platform
Rating
Customer Reviews

Amazon
4.6/5
Over 1,500 positive reviews

Home Depot
4.8/5
Over 700 positive reviews

Walmart
4.7/5
Over 800 positive reviews

The Continued Success of Wisp Broom

Despite not securing a deal on Shark Tank, the Wisp Broom company has persevered and achieved significant success in the broom industry. Its dedication to innovation and commitment to enhancing the cleaning experience have propelled its growth and popularity among customers.

The Wisp Broom’s products are still available for purchase online, allowing customers to enjoy its unique cleaning features. In addition, the company has expanded its product line to include a range of additional cleaning tools, catering to various cleaning needs and preferences.

One of the key indicators of the Wisp Broom’s success is its impressive annual revenue, which has reached $7 million. This substantial growth demonstrates the continued demand and satisfaction among customers, highlighting the effectiveness and convenience of the Wisp Broom’s design.

Despite the initial setback on Shark Tank, the Wisp Broom company remains resilient and constantly seeks new opportunities for growth and expansion. By leveraging its innovative design and customer-focused approach, the company is actively shaping the future of the cleaning industry.

Customer Testimonials

“The Wisp Broom has revolutionized how I clean my home. Its electrostatic bristles make it effortless to capture dust and hair, and the telescopic handle allows me to reach every nook and cranny. It’s truly a game-changer!” – Emily

“I purchased the Wisp Broom after seeing it on Shark Tank, and it exceeded my expectations. The quality is exceptional, and it makes sweeping so much easier. I highly recommend it!” – Mark

Year
Annual Revenue (USD)

2017
$2 million

2018
$4 million

2019
$5 million

2020
$6 million

2021
$7 million

The Impact of Wisp Broom’s Appearance on Shark Tank

The Wisp Broom’s appearance on Shark Tank had a significant impact on the company, providing valuable exposure and opening doors to new opportunities. Despite not securing a deal with the sharks, the episode allowed the product to reach a wide audience and generated interest from investors and customers alike. The exposure on Shark Tank elevated the company’s brand visibility, contributing to its continued success in the competitive cleaning industry.

The Wisp Broom’s appearance on Shark Tank showcased its innovative design and unique features to millions of viewers. This exposure resulted in increased recognition for the product, leading to a boost in sales and brand awareness. The episode became a success story, demonstrating the potential for entrepreneurs to showcase their inventions and gain valuable recognition through the show.

“Appearing on Shark Tank was a game-changer for the Wisp Broom. It gave us exposure to a massive audience and helped validate our product. Although we didn’t secure a deal, the impact on our brand and sales was undeniable.”

– Eben Dobson, Founder of the Wisp Broom

The Power of Shark Tank Exposure

Shark Tank has become a platform for entrepreneurs to showcase their innovations and gain exposure to a wide audience. The show’s format allows inventors and business owners to pitch their products to a panel of accomplished investors, the sharks, who have the potential to make substantial investments. Even without a deal, appearing on Shark Tank can be a game-changer for companies, offering unparalleled exposure and a chance to captivate viewers.

For the Wisp Broom, Shark Tank exposure led to increased interest from investors who saw the product’s potential. This exposure helped elevate the company’s valuation, presenting opportunities for future growth and partnerships. Additionally, positive feedback from viewers further solidified the Wisp Broom’s reputation as an innovative and effective cleaning tool.

Shark Tank Success Stories

The Wisp Broom’s appearance on Shark Tank adds to the list of success stories that have emerged from the show. Over the years, many entrepreneurs have experienced tremendous growth and achieved remarkable success following their Shark Tank appearances. The exposure and mentorship from the sharks have helped catapult businesses into the spotlight, leading to exponential sales and brand recognition.

While the Wisp Broom did not secure a deal on the show, its exposure on Shark Tank played a pivotal role in its journey. The increased visibility and interest from investors and customers allowed the company to continue its growth trajectory and establish itself as a reputable player in the cleaning industry.

Shark Tank Impact Highlights

Key Points
Impact

Increased brand visibility
Exposure to millions of viewers

Validation and recognition
Positive feedback from viewers and customers

Opportunities for growth
Increased interest from investors

Establishment of credibility
Association with the Shark Tank platform

The Future of Wisp Broom

The Wisp Broom company has a promising future ahead as it continues to innovate and expand its product line. With a net worth of $1.8 million and annual revenue of $7 million, the company has shown its ability to thrive in the market. Wisp Broom has ambitious plans to become a worldwide brand and revolutionize the cleaning industry with its innovative cleaning tools.

The company remains committed to seeking new growth opportunities and improving the cleaning experience for customers. With ongoing developments and a strong foundation, Wisp Broom is well-positioned to make a significant impact in the industry.

As part of its expansion plans, Wisp Broom aims to introduce new and improved cleaning tools that simplify the cleaning process and deliver exceptional results. By understanding the needs of its customers and staying at the forefront of innovation, Wisp Broom strives to provide effective cleaning solutions for households around the world. With a focus on quality, convenience, and efficiency, the company is determined to enhance the cleaning experience and create a lasting impact in the industry.

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