BevBoy, a floating drink holder created by Kevin Waltermire, appeared on Shark Tank in 2015. Although Daymond John offered $50,000 for 35% equity, the deal ultimately fell through after the show.
Despite some initial post-show publicity, BevBoy struggled with limited sales and closed down by 2017.
Its valuation at the time of the Shark Tank pitch was approximately $142,857, but it did not sustain enough market traction to continue. BevBoy is no longer in business.
BevBoy Net Worth
| Estimated Net worth | $142,857 (2015) Business Valuation |
| Annual Sales Revenue | Not available |
| Lifetime sales | Not available |
| Investor | Daymond John |
| Founder | Kevin Waltermire |
| Employees | Not available |
BevBoy Pitch on Shark Tank
| Company name | BevBoy |
| Product | Floating drink cozy |
| Episode | Season 6 Episode 18 |
| Founder | Kevin Waltermire |
| Asked for | $50,000 for 15% Equity |
| Final deal | $50,000 for 35% Equity |
| Shark | Daymond John |
| Location | Charleston, South Carolina |
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BevBoy Founder
BevBoy was founded by Kevin Waltermire in 2014. He is a serial entrepreneur and has founded several other companies, including MusicBoxx and ONE Cannabis Group. The net worth of BevBoy’s founder, Kevin Waltermire, is unknown as of 2024 since the business is no longer functioning.
Key accomplishments
| Year | Accomplishment |
| 2015 | Appeared on Shark Tank season 6 and Daymond John invested $50,000 for 35% Equity. |
| 2016 | Expanded to other cities around the United States. |
| 2017 | Featured in Forbes, Inc., and The Wall Street Journal. |
Conclusion
Some companies that appear on the show have not achieved great success, and BevBoy was one of them. Sometimes businesses don’t succeed because of many reasons. Sometimes, the deal falls through after the founders say yes on camera. Or, as you’ll see, sometimes things happen to the founders themselves, and they choose to abandon the business. Anything is possible. However, BevBoy went out of business in 2018. And the product is no longer available in the market.