In 2012, Cheryl Rigdon introduced The Spatty on “Shark Tank,” a miniature spatula designed to retrieve the last remnants of products from containers.
Despite not securing a deal, the exposure led to a surge in pre-orders and significant media attention. By 2018, The Spatty had sold over 500,000 units, amassing $2 million in lifetime sales.
As of 2024, the company boasts an estimated net worth of $4 million, with an annual revenue of around $1 million.
The product line has expanded to include various sizes and applications and is available through major retailers like Walmart, Bed Bath & Beyond, and Amazon.
The Spatty Net Worth
Estimated Net worth | $4 million (2024) |
Annual Sales Revenue | $1 million (2024) |
Lifetime sales | $2 million |
Investor | None |
Founder | Cheryl Rigdon |
Employees | 10 to 25 |
The Spatty Pitch on Shark Tank
Company name | The Spatty |
Product | Tiny spatulas |
Episode | Season 04 Episode 05 |
Founder | Cheryl Rigdon |
Asked for | $50,000 for 40% equity |
Final deal | No deal |
Sharks | None |
Location | Gerber Road, Sacramento, CA |
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The Spatty Founder
The Spatty was founded by Cheryl Rigdon. The company launch date was unknown. Cheryl is a South Carolina native. She has a background in the healthcare industry The Spatty’s founder, Cheryl Rigdon has a net worth around $4 million as of 2024.
Key accomplishments
Year | Accomplishment |
2012 | The Spatty appeared on Shark Tank. |
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 The Spatty and its continued success.