Define Bottle, a water bottle product with fruit , was started by Carter Kostler in 2013. Define Bottle, net worth was $500K at the time of their pitch in 2014 based on the $100,000 in exchange for 20% of the company.
They appeared on Season 05 of Shark Tank USA in 2014. But the Sharks were not interested in investing in Define Bottle. The sharks inquired about Carter’s low sales and competition. Carter admitted to facing competition but did not believe his bottle was superior.
The company generated sufficient revenue. However, Carter’s local high school fame had downsides. In 2016, he closed his business and went on to become a U.S. Marine.
Define Bottle Net Worth
|Net worth||$500K (When appeared on Shark Tank)|
|Annual Sales Revenue||$225K (When appeared on Shark Tank)|
Define Bottle Net Worth Timeline
|Net Worth 2023||Out of Business|
|Net worth valuation 2014 before appearing on Shark Tank||$500K|
Define Bottle Pitch on Shark Tank
|Company name||Define Bottle|
|Product||Fruit infuser water bottle|
|Episode||Season 05 Episode 20|
|Asked for||$100,000 in exchange for 20%|
|Final deal||No Deal|
Don’t miss these product from Season 05
Define Bottle Founder
Define Bottle was founded by Carter Kostler in 2013. Carter Kostler, founder of 1 Teen Entrepreneur and inventor of the Define Bottle, recognized a need for healthier beverage options at his school. Concerned about childhood obesity, he sought to provide flavorful, sugar-free choices to promote health. His Define Bottle earned recognition from Entrepreneur Magazine in 2013. Define Bottle’s founder, Carter Kostler, has a net worth unknown as of 2023.
|2013||The company was given voted one of Entrepreneur Magazine’s Most Brilliant Companies in 2013|
|2014||The company appeared on Shark Tank Season 05|
In the four months leading up to filming, Carter made $65,000 in sales. He sold his product both online and in retail stores, including Whole Foods
Some companies that appear on the show have not achieved great success, and the Define Bottle 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, Define Bottle went out of business in 2016. And the product is no longer available in the market.