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Define Bottle Net Worth 2023 Update (Before & After Shark Tank)

Shark-Tank-US-Net-worth-Update-s5e20Define-Bottle

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)
Profits
Lifetime sales
InvestorNone
FounderCarter Kostler
Employees1-25 employees

Define Bottle Net Worth Timeline

Net Worth 2023Out of Business
Net worth valuation 2014 before appearing on Shark Tank  $500K

Define Bottle Pitch on Shark Tank

Company nameDefine Bottle
ProductFruit infuser water bottle
EpisodeSeason 05 Episode 20
Founder Carter Kostler
Asked for$100,000 in exchange for 20%
Final dealNo Deal
Shark None
LocationUSA

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.

Key accomplishments

YearAccomplishment
2013The 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

Conclusion

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.

What do you think?

Written by GAG Team

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