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Scan Net Worth 2023 Update (Before & After Shark Tank)

Scan-Shark-Tank-US-Net-worth-Update

Scan, QR reader and barcode scanner app, was started by Garrett Gee in 2001. Scan net worth was $20 million at the time of their pitch in 2013 based on the $1 Million offer for an 5% of equity of the company. 

They appeared on season 5 of Shark Tank USA in 2013. But the Sharks didn’t pay interest investing in Scan. Finally, the sharks were not convinced that the founders of Scan had the experience and expertise necessary to succeed.

No, the original Scan app is no longer in business. It was acquired by Snapchat in 2014 and was eventually integrated into the Snapchat app.

See also: Similar products on Amazon.

Scan Net Worth

Net worth$20 million (2013)
Annual Sales Revenue
Profits
Lifetime sales
InvestorNone
FounderGarrett Gee 
Employees

Scan Net Worth Timeline

Net Worth 2023
Net Worth 2022
Net worth valuation 2013 after appearing on Shark Tank  $20 million
Net worth valuation 2013 before appearing on Shark Tank  $20 million

Scan Pitch on Shark Tank

Company nameScan
ProductQR reader and barcode scanner app
EpisodeSeason 05 Episode 04
Founder Garrett Gee
Asked for$1 Million for 5% Equity
Final dealNone
Shark None
LocationUSA

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Scan Founder

Garrett Gee found Scan in 2001. Garrett Gee is an American entrepreneur and investor. He is best known for co-founding the mobile app development company Scan. The networth of Scan’s founder, Garrett Gee, is unknown as of 2023.

Key accomplishments

YearAccomplishment
2013Appeared on Shark Tank season 05 
2014Acquired by Snapchat for $54 million

Conclusion

Some companies that appear on the show have not achieved great success, and the Scan 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,  Scan went out of business in 2014. And the product is no longer available in the market.

What do you think?

Written by GAG Team

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