TekDry, a mail-in service, was started by Adam Cookson and Craig Beinecke in 2014. As of September 2023, TekDry net worth is $1 million and they’re pulling in a whopping $1 million in annual revenue.
In October 2016, they appeared on season 8 of Shark Tank USA and made a deal with Kevin O’Leary, for $500,000 for 5% of equity. The final valuation was $10 million, same from the founder’s initial estimate of $10 million.
TekDry is still in business as of September 2023. Their website is still active and selling products, and their social media pages are regularly updated. Now you can purchase their products online, from their official website.
TekDry Net Worth
| Net worth | $1 million (2023) |
| Annual Sales Revenue | $1 million (2023) |
| Profits | Not publicly available |
| Lifetime sales | Not publicly available |
| Investor | Kevin O’Leary |
| Founder | Adam Cookson and Craig Beinecke |
| Employees | 10 employees |
TekDry Net Worth Timeline
| Net Worth 2023 | $1 million |
| Net Worth 2022 | $1 million |
| Net worth valuation 2016 after appearing on Shark Tank | $10 million |
| Net worth valuation 2016 before appearing on Shark Tank | $10 million |
TekDry Pitch on Shark Tank
| Company name | TekDry |
| Product | Mail-in service for quickly and safely drying and fixing wet phones and electronic devices |
| Episode | Season 08 Episode 03 |
| Founders | Adam Cookson and Craig Beinecke |
| Asked for | $500,000 for 5% Equity |
| Final deal | $500,000 for 5% equity |
| Shark | Kevin O’Leary |
| Location | Westminster, Colorado |
Don’t miss these product from Season 08
TekDry Founders
TekDry was founded by Adam Cookson and Craig Beinecke in 2014. Cookson is the company’s CEO, and Beinecke is the company’s President. Cookson has over 25 years of experience in corporate start-ups and manufacturing experiences, including technology, wind energy, automotive assembly, synthetic rubber and plastics extrusion molding. Beinecke has over 20 years of experience in sales, marketing, and business development. He has a proven track record of success in launching and growing new products and businesses. TekDry’s founders, Adam Cookson and Craig Beinecke, have a net worth of $950,000 as of 2023.
Key accomplishments:
| Year | Accomplishment |
| 2016 | Appeared on Shark Tank season 08 and Kevin O’Leary invested $500,000 for 5% equity |
| 2017 | Partnered with several major retailers to sell TekDry products in their stores |
| 2021 | Continued to expand network of self-service kiosks and retail partnerships |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for TekDry and its continued success.
