PlateTopper Net Worth 2024 Update (Before & After Shark Tank)

As of 2024, PlateTopper is out of business, with its products no longer available in the market.
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PlateTopper's-net-worth-update

Platetopper, a food storage solution by Michael Tseng, gained attention after its 2012 appearance on Shark Tank, where it initially secured a deal with Lori Greiner. However, the deal fell through post-show.

Despite this setback, Platetopper saw a surge in sales, leading to significant revenue growth in its early years. As of the latest update, the company is no longer in operation, with no recent valuation or acquisition details available.

Platetopper’s early success in retail and TV sales remains a notable milestone, but the business ultimately did not sustain long-term growth.

PlateTopper’s Net Worth

Estimated Net worth$1.8 million (Business Valuation)
Lifetime salesNot available
InvestorLori Greiner
FounderMichael Tseng
EmployeesNot available

PlateTopper’s Pitch on Shark Tank

Company namePlateTopper’s
ProductAirtight plate covering
EpisodeSeason 04 Episode 08
Founder Michael Tseng
Asked for$90,000 for 5% equity
Final deal$90,000 for 8% equity
SharkLori Greiner
Location615 Hampton Drive, Suite A101, Venice, FL, United States

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PlateTopper’s Founder

PlateTopper was founded by Michael Tseng in 2008. He is very passionate about his business. He worked hard to grow his business. PlateTopper’s founder, Michael Tseng net worth is unknown as of 2024.

Key accomplishments

YearAccomplishment
2015winner in Walmart’s Get On The Shelf contest.
2012Appeared on Shark Tank.

Conclusion

Some companies that appear on the show have not achieved great success, and the PlateTopper’s was one of them. Sometimes businesses don’t succeed for 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, PlateTopper went out of business in 2015. And the product is no longer available in the market.

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