{"id":714,"date":"2023-02-01T20:44:04","date_gmt":"2023-02-01T20:44:04","guid":{"rendered":"https:\/\/jhweb.tech\/?p=714"},"modified":"2023-02-16T19:07:58","modified_gmt":"2023-02-16T19:07:58","slug":"furzappers-net-worth","status":"publish","type":"post","link":"https:\/\/jhweb.tech\/furzappers-net-worth\/","title":{"rendered":"See How FurZapper’s Net Worth Has Skyrocketed in Recent Years"},"content":{"rendered":"\n

We all love our pets, but removing their fur from our clothing can be the stuff of nightmares. The washing machine dutifully lifts off stains and grease, but the residue of dog or cat cuddles stubbornly remains.  <\/p>\n\n\n\n

A chance discovery by one of the pioneers behind FurZapper led to a business idea that has brought relief to many thousands of satisfied customers and set two aspirant entrepreneurs on the road to success. The solution was simple \u2013 don\u2019t put up with pet hairs on your clean clothes, remove it during the wash.<\/p>\n\n\n\n

The FurZapper concept was the subject of a pitch to Shark Tank by Harry Levin and Michael Sweigart, and the much-impressed Sharks embarked upon a fierce battle for the trust of the two men behind this superb innovation.  <\/p>\n\n\n\n

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Eventually, Lori Grenier emerged victorious  As of 2022 FurZapper\u2019s net worth was in the region of $5 million, and the product is readily available on Amazon to the delight of pet owners everywhere.  <\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n

It has come to serve as an example of how a relatively simple design can transform the lives and experiences of so many people. <\/p>\n\n\n\n

At a Glance<\/h2>\n\n\n\n
\"FurZapper<\/figure>\n\n\n\n

Marketer Levin and attorney Sweigart went into partnership to form FurZapper after having designed and patented their product.  <\/p>\n\n\n\n

In their pitch to Shark Tank, they asked for $600,000 for a 10% share<\/strong> in the project.  Barbara Corcoran offered the full amount but for 20% equity in the company,<\/strong> whilst Lori undercut her slightly by asking for 19.9%.<\/strong>  <\/p>\n\n\n\n

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Mark Cuban went it at 15%, and Kevin O\u2019Leary offered an interesting alternative option of a $600k loan at 9.5% interest for a 5% stake.  When Lori revised her offer to \u00a3600k with 15% equity the duo decided to take her up on it. <\/em><\/strong><\/p>\n<\/blockquote>\n\n\n\n

Who are the Founders? <\/h2>\n\n\n\n

Michael Sweigart is the CEO of FurZapper which he operates in partnership with Harry Levin, a manager and managing partner at Levin & Associates.  <\/p>\n\n\n\n

He was already an entrepreneur with a flair for invention and carries a notebook to jot down new ideas as they come to him.  <\/p>\n\n\n\n

In January 2010 he launched his own company under the name of Purpose Advertising.  <\/p>\n\n\n\n

He has held a number of posts in sales, marketing and business development and has also worked at an imports and exports business as well as at a company selling corporate security systems.  <\/p>\n\n\n\n

Did FurZapper Get a Deal on the Show?<\/h2>\n\n\n\n

All four Sharks expressed an interest in this project, and they competed with one another to land the deal.  <\/p>\n\n\n\n

After much deliberating Lori Grenier, with her history of successful investment in pet products, saw her offer of $600,000 for a 15% share in the enterprise accepted by the two businessmen.<\/p>\n\n\n\n