What Happened To Breathometer After Shark Tank? [Net Worth 2023 Update]
Breathometer Shark Tank Update 2023: Breathalyzer App
In this article, we’ve explored the journey of Breathometer after its appearance on Shark Tank, highlighting its successes and challenges, and providing an updated net worth for 2023.
Breathometer’s story serves as a reminder of the unpredictable nature of the business world and the importance of resilience in the face of adversity.
In the fast-paced world of technology startups and entrepreneurial endeavors, appearing on the popular TV show “Shark Tank” can be a make-or-break moment for many companies.
One such company that gained significant attention after its appearance on the show is Breathometer, the creator of a smartphone breathalyzer app. In this article, we will dive into what happened to Breathometer after its appearance on Shark Tank and provide an updated look at its net worth in 2023.
Breathometer Shark Tank Overview:
| Breathometer’s Net worth before appearing on Shark Tank | 2.5 Million USD (business valuation) |
| Breathometer’s Current Net worth (2023) | Out of Business |
| Episode | Season 05 Episode 02 |
| Company name | Breathometer |
| Product | personal breathalyzer attachment for smartphones |
| Founder | Charles Yim |
| Asked for | $250,000 for 10% Equity |
| Final deal | $1,000,000 for 30% Equity |
| Shark | Robert Herjavec, Kevin O’Leary, Mark Cuban, Lori Greiner, Daymond John |
| Business status | In Business |
| Location | Out of Business |
Breathometer Shark Tank Update:
Breathometer made its debut on Shark Tank in [Year of Appearance], where its founder [Founder’s Name] presented the innovative smartphone breathalyzer app to the sharks. The product aimed to help people monitor their alcohol consumption and make responsible decisions about drinking and driving.
Breathometer Shark Tank Deal:
In season 5, a certain Charles Yim amazed the Sharks with his unique, never-before-seen innovation the Breathometer, a carryable breathalyzer that plugs into smartphones.
The Sharks were so impressed by Charles’ pitch that all of them offered to invest! Ultimately, Charles collected a joint investment of a mind-shattering $1 million from all of the Sharks. The ingenuity of Charles’ invention made it possible for him to offer 30% of the profits to the Sharks. Talk about a game-changing deal!
What Happened To Breathometer After Shark Tank?
After securing the rarely-seen five-Shark deal at $1 million for 30%, Breathometer Smartphone Breathalyzer is back with an update on business after the show. Pre-Shark Tank, the company had done $140,000 in sales, and they’ve now closed $1 million in sales in just three months since the show.
Production has multiplied to keep up, from producing just 1,000 units a week to now over 15,000. And don’t think Breathalyzer is a one-trick pony; they hope to soon expand the company’s capabilities to handle other health-related issues like halitosis and diabetes.
Breathometer Net Worth 2023:
The current net worth of Breathometer is unknown, as the business is not in operation since 2022. And the product is no longer available in the market.
Scaling the Business:
With the financial backing and guidance from all Sharks, Breathometer was able to scale its operations rapidly. The company expanded its team, improved its app’s functionality, and embarked on an aggressive marketing campaign.
After 7+ million viewers watch the Shark Tank this Friday, I could only imagine the Breathometer is going to get a lot of interest and thousands of people will want to purchase one for their smartphone.
App Improvements:
One of the key areas where Breathometer invested was in enhancing its app’s accuracy and user-friendliness. The app underwent several updates to provide more precise BAC (Blood Alcohol Content) readings and a better overall user experience.
Partnerships and Collaborations:
To further boost its market presence, Breathometer formed partnerships with ride-sharing companies, bars, and restaurants. This allowed users to access the app through these platforms and receive special promotions, creating a win-win situation for both Breathometer and its partners.
Challenges Faced
Despite its initial success, Breathometer encountered legal challenges related to the accuracy of its breathalyzer app. Several lawsuits were filed, alleging that the app’s readings were not always reliable. This tarnished the company’s reputation and led to costly legal battles.
As the market for smartphone breathalyzer apps grew, Breathometer faced stiff competition from other companies offering similar products. This intensified the need for innovation and differentiation in a crowded space.
