Despite getting a negative reaction from all the Sharks, Pavlok continued to sell its products, thanks to the free marketing it received through Shark Tank.
Many customers who have bought Pavlok have taken to social media to share their negative feedback. One of the primary complaints is its ineffectiveness.
As marketed by its founder, many customers feel that the product hasn’t made any difference. Few have even complained of dizziness and nausea after wearing Pavlok.
Pavlok Net Worth
Today, Pavlok’s Net Worth is $40,000 US Dollars. The company’s sales revenue is estimated to be $19,000 per year.
After the episode was aired on Shark Tank, Pavlok received a huge number of orders. During the first 12 months after the episode, it received orders worth $30,000.
Since then, due to sub-standard quality of product and non-deliveries, the sales have dropped dramatically.
Pavlok’s founder has now shifted his focus to a new product, a wristband to hypnotize strangers.
He has applied to Shark Tank to be featured again on TV with his new invention. He has hired a team to develop Android and IOS apps for this new device.
Shark Tank Pitch
Pavlok Founder Maneesh pitched for a 3% stake in his company for an investment of $500,000. Mark Cuban was first in line to call the product a BS.
Kevin O’Leary expresses interest. He worked on an aversion therapy study in college while studying psychology.
He makes an offer. He’ll give Pavlok the $500,000 in return for 3.14%, as a loan to be repaid over 2 years, at a rate of 7% interest.
Maneesh however, rejected the offer, which infuriates Kevin. Soon after that, none of the sharks showed interest in the investment.
FAQs
No. Despite the false claims by the company, Pavlok sales have fallen in recent years.
No. With just under $19,000 in annual sales, Pavlok has failed since airing on Shark Tank.
Maneesh Sethi, an Indian-American.