Drop Stop is one of the most successful products to come out of the hit TV show Shark Tank, and its founder, Marc Newburger, is the man behind the car seat gap filler that has taken the world by storm. Marc Newburger has a net worth of 4 million USD as of 2023.
In this article, we’ll take a closer look at the quick facts you need to know about Marc Newburger and his journey to building a 5 million USD-worth empire.
|Full Name||Marc Newburger|
|Birthplace||Long Island, New York|
|Education||The University of Arizona, where he earned a Bachelor of Science degree in Regional Development|
|Previous occupation||Real estate industry|
|Invention||Produces a patented car seat gap filler that prevents items from falling between the car seat and the center console.|
|Shark Tank appearance||Season 04 Episode 21|
|Shark Tank deal||They secured a deal with investor Lori Greiner, who offered them $300,000 in exchange for a 20% equity stake in their company.|
|Company headquarters||Calabasas, California|
|Other products||Device for preventing objects from falling in between car gaps|
|Awards and recognition||Named as one of the Top 100 Most Innovative Products in the World by Popular Science Magazine in 2013. Drop Stop was also named the “Best Automotive Accessory” at the International Consumer Electronics Show (CES) in 2016. The product was also featured on The Today Show and The Ellen DeGeneres Show. Drop Stop was also named the winner of the “Better Business Bureau’s Innovation Torch Award for Marketplace Ethics” in 2018.|
|Net worth||4 million USD (as of 2022)|
|Philanthropy||Donating a portion of their profits to various animal rescue organizations.Partnering with the “Wheels of Hope” charity organization to provide car safety kits for families in need.|
|Future plans||Marc Newburger may have ideas for future ventures or projects that he may pursue in the future. However, without further information, it is difficult to speculate on his specific plans|
Whether you are an entrepreneur looking for inspiration or just curious about the story behind Drop Stop’s founder, there are always lessons to be learned from successful individuals like Marc Newburger. With a commitment to innovation, sustainability, and philanthropy, Newburger inspires entrepreneurs everywhere.