“Wispots” got featured on Shark Tank USA in 2009 August. It was founded by Kevin Flannery.
Wispots net worth in 2022
Here is an update on “Wispots’s net worth so far.
|Wispots’s Net worth before appearing on Shark Tank||12,000,000 USD|
|Wispots’s Net worth [year between appearing and now]||Out of Business|
|Wispots’s Current Net worth (2022)||Out of Business|
Wispots’s founder Kevin Flannery has a net worth of 800,000 USD as of 2022.
Wispots is a brand that is associated with medical purposes. Second, it is something to come up with as an IT solution. Let’s see what happened to Wispots after Shark Tank Appearance.
What are Wispots?
Wispots is an interactive system that delivers Wi-Fi and ad cooperation services. It has been planned for the high trafficking areas where the patients get medical attention and treatments.
When coming to the utmost features of the Wispots, patients enjoy not only online surfing but checking out their clinical trials and completing surveys. The product has been designed to be operated using a wireless pad that also acts as a display.
Patients see the pharmaceutical products, promos, and other marketing stuff through the display when they don’t use the pad.
Who is the founder of Wispots?
Kevin Flanner Is responsible for creating the brand, Wispots. He was a maritime professional with more than 20 years of experience. In addition, he is a professional in wireless technology, which he used to introduce the Wispots technology.
Kevin spent more than 06 years doing research and tests before setting up the company.
The initial target Kevin was patient-centric institutes where the patients need to have entertainment along with care. He was leading his role at AivenGroup as the CEO at the same time. It is crucial he had not involved any partner for Wispots as well.
When it seemed he was not going to win the struggle, he decided to appear on Shark Tank.
What happened at the Shark Tank
What Kevin needed at the Shark Tank was a financial partnership. He had offered 10% of his company share for 1.2M USD for these interested parties.
Kevin mentioned that he had been putting money into the Wispots and had to expend more than $550,000 from his direct funding. Kevin O’Leary said that his funding would be equal to a troop. But they would die before they returned.
Kevin also stepped out of the deal as he saw something wrong with the Wi-Fi and the patient’s deal. Although Barbara appreciated what Flannery had done so far, she said it was not wise.
After hearing John Daymond’s conclusion that it is wise to step down before expending more money, it was clear that Shark Tank had never been ready to accept the deal.
More importantly, they did not even make a rough suggestion for shares, for a reduced price or an increased shareholding.
Wispots Shark Tank update
Kevin had to leave the shark tank without getting any deal onto spots. It has passed six years since the episode.
Two years after the Shark tank, in 2019, Kevin changed his company name to AIRwave Medical Solutions INC. It was visible that he had removed some following links to his company, and it seemed the company was about to end its role in the medical field.
What happened to Wispots After the Shark Tank?
When coming to the present day, the company is no more, and Kevin has uprooted the company along with Wispots. If he had taken the advice from Shark Tank, he would not have ruined his family.
Competitors off Wispots
PatientPoint is a similar product to wispots, enabling similar medical services to patients. Also, the Phreesia, ZocDoc, Vitals, and JoyTunes companies have a comparative competition to company.
Is Wispots still in business?
After ten years of operations, in 2012, wispots shut down its business.NOW Kevin is the President and CEO of AivenGroup company.