Animated Lure Net Worth 2022
The animated lure is an innovative product that uses technology to make fishing more fun. It is a motorized fishing lure that replicates the motion of a real fish, which makes it more effective at attracting fish than traditional fishing lures. It can be used to catch many different types of fish, and it is available in a variety of skins. It is a great way to enjoy the outdoors, and it also allows people to experience the thrill of catching a big fish.
Founders Sobhan Sanaee and Kanz Kayfan developed this motorized fish tackle system with their partner Maleki Hassam in 2015. They wanted to create a product that would appeal to young anglers, who often lack the patience needed for fishing. Using cutting-edge technology, they created a product that simulates the swimming motion of real fish and draws them in. The Animated lure is available in three different versions and can be used with several types of bait. It is also on social media platforms.
After Animated lures appeared on Shark Tank, they received a huge boost in orders. In just one week after the episode aired, their sales increased by 6x. As a result, they decided to expand their business and start selling their products nationwide. They also want to get their products into larger box sporting goods stores.
Kanz and Sobhan made their pitch on the show with the help of a professional shark named Kevin O’Leary. He agreed to invest in the company, but made some demands. He offered to invest $325,000 for a 10% stake in the company and a royalty of $3 per unit until he recoups his investment of $1 million. Sobhan and Kanz tried to negotiate, but Kevin was unmoved.
What Happened After Shark Tank?
As of 2022, Animated Lure is still in business. The owners have seen a huge increase in their sales since appearing on Shark Tank, and they plan to open a new warehouse to meet the demand for their product. They also have plans to expand their distribution network and get their product into major retailers across the country.
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The entrepreneurs on the show have a number of ideas for their next product, but they need capital to develop and market them. They hope that a successful product launch will lead to more investors and customers for their business. They believe that a combination of innovation, marketing, and exceptional customer service will make them a success. If they can continue to grow their business, they might be able to attract more sharks to invest in their business. Then, they may be able to achieve their goal of making this invention a global success. Sobhan and Kanz are passionate about their work, and they have a lot of potential for the future. They are hoping that this new venture will be their biggest accomplishment to date. Thanks for reading! If you enjoyed this article, please share it with your friends.
