Discover how the Wisp, a unique broom/dustpan combo, made waves on Shark Tank and achieved impressive net worth growth. From financial struggles to post-Shark Tank success, learn about the journey of this innovative cleaning tool.
Table of Contents
Key Takeaways:
- The Wisp appeared on Season 10 of Shark Tank but did not secure a deal.
- Despite this, the Wisp’s net worth has grown from $5 million to $14 million.
- The Wisp’s unique cleaning solution combines a broom and a dustpan, offering efficient and easy cleaning.
- Founder Eben Dobson’s reengineered design has disrupted the cleaning category.
- Although facing initial financial challenges, the Wisp received post-Shark Tank support from Lori Greiner and achieved successful sales on QVC.
The WISP’s Unique Cleaning Solution
The WISP offers a revolutionary cleaning solution that combines the functionality of a broom and a dustpan into one innovative tool. With its unique design and features, the WISP is transforming the way we clean our homes.
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At the core of the WISP’s effectiveness are its electrostatic bristles that attract and capture dust, hair, and debris. This advanced technology ensures a thorough and efficient cleaning experience. Additionally, the foot-controlled dustpan allows for seamless operation, eliminating the need to bend down and minimizing strain on the back and arms.
Another notable aspect of the WISP is its user-friendly design. The one-handed operation makes it easy to maneuver and reach tight corners and under furniture. The inclusion of bristles on the side of the dustpan further enhances its functionality by allowing users to clean the tool itself with ease.
The WISP’s Key Features:
- Combines broom and dustpan functionality
- Electrostatic bristles attract and capture dust, hair, and debris
- Foot-controlled dustpan for effortless cleaning
- One-handed operation for easy maneuverability
- Side bristles for cleaning the tool
| Traditional Broom and Dustpan | The WISP | |
|---|---|---|
| Efficiency | Requires multiple passes to collect all debris | Electrostatic bristles attract and capture debris in one sweep |
| Ease of Use | Requires bending down and using both hands | Foot-controlled dustpan for effortless operation |
| Maneuverability | Can be challenging to reach tight corners and under furniture | One-handed operation for easy access to all areas |
| Cleaning the Tool | No specific feature | Side bristles for convenient cleaning |
The WISP’s unique cleaning solution has not only gained recognition for its effectiveness but also its ability to simplify the cleaning process. Whether you’re looking for a faster way to clean your home or seeking a more convenient alternative to traditional brooms and dustpans, the WISP is a game-changer in the cleaning industry.
Wisp’s Journey on Shark Tank
When Eben Dobson stepped into the Shark Tank, he had high hopes for his innovative cleaning solution, the WISP. With impressive sales of $3.5 million and 10,000 units sold in 2018, Dobson showcased the product’s effectiveness and market success during his pitch.
However, the Sharks soon discovered that Wisp had not yet turned a profit and was burdened with a staggering $2.1 million in debt. This revelation made them hesitant to invest in the company’s financial situation.
Nevertheless, two Sharks, Kevin O’Leary and Lori Greiner, saw potential in Dobson’s creation. O’Leary offered a substantial 50% stake in Wisp for a $50,000 investment, while Greiner proposed to sell Wisp products on QVC without a financial stake. Dobson initially accepted O’Leary’s offer, but later had second thoughts, leading O’Leary to withdraw his proposition.
Although Wisp did not secure a deal on Shark Tank, it received valuable support from Lori Greiner. She showcased the product on QVC and helped generate successful sales both on QVC and the company’s website, catapulting Wisp’s post-Shark Tank journey to new heights.
FAQ
Who is the founder of The WISP?
The WISP was started by Eben Dobson.
What is The WISP’s net worth?
As of September 2023, The WISP has a net worth of $14 million.
How much are The WISP’s annual sales revenue?
The WISP has annual sales revenue of $7 million.
Did The WISP secure a deal on Shark Tank?
No, The WISP did not receive a deal on Shark Tank.
Where can I buy The WISP’s products?
The WISP’s products are available on the website and Amazon.
What is unique about The WISP?
The WISP is a cleaning solution that combines a broom and a dustpan, featuring electrostatic bristles and a foot-controlled dustpan.
How does The WISP benefit physically infirm or elderly individuals?
The WISP reduces the physical effort required for effective cleaning, making it easier for physically infirm or elderly individuals.
Does The WISP hold a patent?
Yes, Eben Dobson holds a patent for The WISP’s technology.
How did The WISP perform on Shark Tank?
The WISP showcased success in the market with $3.5 million in sales and 10,000 units sold in 2018, but was $2.1 million in debt.
Did The WISP receive any support after Shark Tank?
Yes, Lori Greiner demonstrated The WISP on QVC, leading to successful sales on QVC and the company’s website.
