Caffeindicator, a caffeine indicator machine, was started by Michael Schiavone in 2007. Caffeindicator net worth was $800,000 in 2010 based on the Shark Tank deal.
In 2010 they appeared on season 01 of Shark Tank USA and made a deal with Kevin Harrington, $200,000 for 50% of equity.
Caffeindicator is no longer in business. The company closed its doors in 2013.
Caffeindicator Net Worth
|Net worth||$800,000 (2010)|
|Annual Sales Revenue||–|
Caffeindicator Net Worth Timeline
|Net Worth 2023||–|
|Net Worth 2022||–|
|Net worth valuation [Shark Tank appeared Year] after appearing on Shark Tank||$100,000|
|Net worth valuation [Shark Tank appeared Year] before appearing on Shark Tank||$400,000|
Caffeindicator Pitch on Shark Tank
|Product||Caffeine indicator machine|
|Episode||Season 01 Episode 13|
|Asked for||$200,000 for 25% Equity|
|Final deal||$200,000 for 50% Equity|
Don’t miss these product from Season 01
Caffeindicator was founded by Michael Schiavone in 2007. He was a barista who came up with the idea for Caffeindicator while working at a coffee shop. He noticed that many people were struggling to tell whether their coffee was caffeinated or decaffeinated. So he developed a simple test that could be used to determine the caffeine content of coffee.The networth of Caffeindicator founder, Michael Schiavone, is unknown as of 2023.
|2010||Appeared on Shark Tank season 01 and Kevin Harrington invested $200,000 for 50% Equity|
Some companies that appear on the show have not achieved great success, and the Caffeindicator 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, Caffeindicator went out of business in 2013. And the product is no longer available in the market.