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NootroBox Shark Tank Update

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Nootrobox is an FDA-approved dietary supplement. Nootrobox offers various products that are nootropic supplements. Nootropics are the compounds that increase a human being’s cognition. They can be used for the long term with zero to minimal side effects. These supplements include compounds that occur in nature or are produced by the human body.

Nootrobox makes a person agile and alerts mentally. Nootrobox includes several products, such as Rise, which increases resilience, memory power, and stamina, Kado 3, which protects the body and mind and Omega 3, Yawn, which improves the quality of sleep by making one fall asleep on time and wake up refreshed, and Sprint, which helps one get ready for a long day ahead by providing a boost of energy. The most popular product by Nootrobox is Go Cubes, chewable coffee cubes. These provide the refreshment of a coffee.

Nootrobox at a Glance:-

IdeaNootroBox:- Supplements that claim to be agile and alerts mental health
FoundersGeoffrey Woo and Michael Brandt
Asked For$2,000,000 for 5% equity
Accepted DealNo  deal
SharksNo sharks
Business statusIn Business
Episode No.Season 8, Episode 10
WebsiteNootroBox

Index:

Who are the founders of Nootrobox?

Michael Brandt and Geoffrey Woo are the founders of Nootrobox. They graduated from Stanford University with degrees in computer science. They co-founded Nootrobox in the year 2014. They started the line of Nootrobox to help people with various problems that they have to face in their daily lives.

They got Nootrobox approved by the FDA as ‘Generally Regarded As Safe (GRAS). The price that they had kept is $39 to $49 for a bottle of supplement and it lasts for a month.

Did Nootro Box get a deal on Shark Tank?

Michael and Geoffrey went to the shark tank seeking an investment of $2,000,000 for an exchange of 5% equity. The founders of NootroBox burnt the floor of a shark tank by asking for the highest valuation in the history of shark tanks. Michael and Geoffrey explained their business concept and their working techniques and strategies in the market. After playing on the pitch, all the sharks seemed in chaos as they didn’t understand the use of products.

Michael and Geoffrey were not able to convince or make any impressive impact from the beginning till the end. Chris Sacca was the first shark to go out as he was concerned about the long-term health effects. Lori Greiner came up with a suggestion to appoint a better salesperson. Kevin O’Leary said,” I’m not gonna pay $2 million for these sugar cubes,” He never went out. Robert Herjavec also went out and said they were not able to express themselves much, which was the most disappointing part.

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Mark Cuban said the demand for the valuation was disgusting and ridiculous and turned him off the pitch. No sharks seemed happy with the product and no deal was offered. The shark gave a few suggestions to the Nootrobox, which was up to them to implement or not. No deal was made on the show.

What happened to Nootrobox after the Shark Tank Show?

After the show, Nootrobox faced a complete change. Once the show aired, there was an extreme increase in the sales numbers. Nootrobox added a new line of products under the name Full Stack. After the show, Nootrobox is no longer named or known as Nootrobox. It was changed to HVMN (pronounced as Human) in 2017. The new name is a sign of offering something new in the modern era. Michael and Geoffrey didn’t grab the deal on the show. Still, they didn’t quit. HVMN has raised two rounds of funding of $8.2 million for the expansion of the building and the addition of various supplements.

During the pitch, they came up with a valuation of $40,000,000 (the highest asked-for valuation in the history of Shark Tank). After the show, the valuation of the brand was improved but not as much as they asked for the show.

After the show, HVMN made various additions to the product line, such as; ready to eat, drinks, and drink mixes along with various products and bundles. Nootrobox costs a bottle of supplements having one month’s supply at $39- $49. A monthly supply of bottles costs $121. The Go cubes cost $39 for packets of 4 cubes each. Just put it on and have it.  As of 2022, Nootrobox is doing great and has annual revenue of $4 million.

Competitors of Nootrobox are:-

  • The Multiply Pill
  • Nootroo
  • Coffee Pixels

What is the net worth of Nootrobox?

The valuation during the show was crazy to know. They pitched for a valuation of $40,000,000. The estimated net worth of Nootrobox is $2.5 million as of 2022. HVMN has annual revenue of $4 million.

Is Nootrobox still in business?

Nootrobox is still in operation. Nootrobox’s brand name was changed to HVMN in 2017 after the show aired in 2016. HVMN made various additions to its product lines. As of 2022, they are doing great in numbers in terms of sales and profits.

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FAQs:

What is NootroBox?

Nootrobox is an FDA-approved dietary supplement. Nootrobox offers various products that are nootropic supplements. Nootropics are the compounds that increase a human being’s cognition. They can be used for the long term with zero to minimal side effects.

Who founded NootroBox?

Michael Brandt and Geoffrey Woo are the founders of Nootrobox. They graduated from Stanford University with degrees in computer science. They co-founded Nootrobox in the year 2014. They started the line of Nootrobox to help people with various problems that they have to face in their daily lives.

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