In 2015, Australian rice farmer John Gorman and finance expert Grant Burns introduced Ampan, a sustainable building panel crafted from rice stubble waste, on Shark Tank Australia Season 1, Episode 11.
Despite the Sharks’ skepticism, the duo’s commitment to eco-friendly construction materials propelled Ampan forward. By 2025, the company achieved an estimated net worth of $1.5 million, generating $1 million in annual revenue.
What Happened on Shark Tank?
During their pitch, Gorman and Burns sought $500,000 for a 20 percent equity stake, valuing Ampan at $2.5 million.
Ampan Pitch on Shark Tank
| Product | A product made from agricultural waste for building construction |
| Episode | Season 01 Episode 11 |
| Founders | Grant Burns & John Gorman |
| Asked for | $500,000 for 20% equity |
| Company name | Ampan |
| Final deal | None |
| Shark | None |
| Location | New South Wales, Australia |
The Sharks were impressed by the product’s innovation but concerned about the lack of market traction. Steve Baxter, one of the Sharks, noted that while the product was promising, the business strategy was lacking.
“Great product, great founder – but terrible business strategy. They had no traction: they had not yet proven that one single customer wanted to use their product.”
Steve Baxter
Ultimately, no deal was made, and the founders left without investment.
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If you were a Shark, would you have invested in Ampan during their 2015 pitch?
What Changed After the Show?
Despite the setback on Shark Tank, Ampan continued to develop its product and business. By 2025, the company remained active with an operational website showcasing their recycled building products.
The founders focused on refining their manufacturing process and exploring market opportunities. Ampan’s commitment to sustainability and innovation garnered attention, leading to collaborations with institutions like CSIRO and RMIT for further research and development.
Ampan Net Worth 2025
As of 2025, Ampan’s estimated net worth stands at $1.5 million, with annual revenues reaching $1 million.
The company’s growth reflects its ability to carve out a niche in the sustainable building materials market, even without a Shark Tank deal.
Where Is Ampan Heading in the Future?
Ampan continues to focus on sustainable innovation and aims to expand its product line and reach new markets.
The founders’ dedication to eco-friendly construction solutions positions the company for potential growth in the green building sector.
🔹 TL;DR (Too Long; Didn’t Read)
Ampan Net Worth in 2025 is $1.5 million. Despite no Shark deal, the eco-building startup grew through grit, innovation, and purpose.
FAQs
Is Ampan still in business in 2025?
Yes, Ampan remains active, focusing on sustainable building materials made from agricultural waste.
Did Ampan secure a deal on Shark Tank?
No, the founders did not receive an investment from the Sharks during their 2015 pitch.
What is Ampan’s estimated net worth in 2025?
As of 2024, Ampan’s estimated net worth is $1.5 million, with annual revenues of $1 million.
Who are the founders of Ampan?
Ampan was founded by John Gorman, a rice farmer, and Grant Burns, a finance expert.