Drip Drop, an edible waffle ring that slides onto an ice cream cone to catch melting drips, was started by Sam Nassif and Oliver Greenwald in 2010. Drip Drop net worth was $250,000 in 2016 based on the Shark Tank deal.
In 2016 they appeared on season 7 of Shark Tank USA and made a deal with Barbara Corcoran, $50,0000 for 33.3% of equity.
Drip Drop is not currently in business. The company’s website is inactive, and there have been no recent updates on the product’s development or availability. According to our online research, Drip Drop went out of business in 2019.
Drip Drop Net Worth
| Net worth | $250,000 (2016) |
| Annual Sales Revenue | – |
| Profits | – |
| Lifetime sales | – |
| Investor | Barbara Corcoran |
| Founder | Sam Nassif and Oliver Greenwald |
| Employees | – |
Drip Drop Net Worth Timeline
| Net Worth 2023 | – |
| Net Worth 2022 | – |
| Net worth valuation 2016 after appearing on Shark Tank | $150,150 |
| Net worth valuation 2016 before appearing on Shark Tank | $100,000 |
Drip Drop Pitch on Shark Tank
| Company name | Drip Drop |
| Product | Edible waffle ring that slides onto an ice cream cone to catch melting drips |
| Episode | Season 7 Episode 25 |
| Founders | Sam Nassif and Oliver Greenwald |
| Asked for | $50,000 for 20% Equity |
| Final deal | $50,0000 for 33.3% Equity |
| Shark | Barbara Corcoran |
| Location | Somerville, Massachusetts |
Don’t miss these product from Season 07
Drip Drop Founders
Drip Drop was founded by Sam Nassif and Oliver Greenwald in 2010.The networth of Drip Drop’s founders, Sam Nassif and Oliver Greenwald, is unknown as of 2023.
Key accomplishments
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 7 |
| 2017 | DripDrop is acquired by a private equity firm. |
| 2018 | DripDrop continues to operate under the DripDrop name, but it makes some changes to its product line and marketing strategy. |
Conclusion
Some companies that appear on the show have not achieved great success, and the Drip Drop 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, Drip Drop went out of business in 2019. And the product is no longer available in the market.
