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Sunscreenr Shark Tank Update

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After pollution, the next big problem facing the surface of the earth is the harmful UV rays from the sun. But is there a product to save us from this harmful burst of sunshine that can lead to harmful diseases like Skin cancer and many fungal infections? There is the one and only Detector of sunscreen application in the world- Presenting Sunscreener – The first handheld device that can detect the amount of sunscreen applied to the body at a particular time and whether there are any places left on the body.

The experts behind the product are non-other than David Cohen and John Meyers. They started with the product and today only have a prototype.

Sunscreenr at a glance:

Business ideaThe handheld device spots if there are any places remaining where sunscreen is not put.
FounderDavid Cohen
Asked for$800,000 for 10%
Accepted deal$800,000 for 33.3%
SharksKevin O’Leary
Business statusIn Launch
EpisodeSeason 8 Episode 6
WebsiteSunscreenr
Sunscreenr at a glance.

Index:

Founder Story:

David Cohen is a Ph.D. in Biochemistry and Biophysics and has spent his life developing scientific products for industries like Security and Medicine.

The idea was brought to life by John Meyers who teamed up with him and became the designer and developer of the product. The idea came to the founder David when he realized the adverse effect the sun had on things like skin cancer and how his loved ones were affected by it. He wished there was a product in the market which could tell whether a particular person was safe from the sun’s rays or not.

Did Sunscreenr get a deal on SharkTank?

The expert entered the SharkTank seeking an investment of $800,000 at 10% of Sunscreenr. The founder started off the pitch by explaining the image of the product and how it works. The product is now in the prototype stage.

It was then tested by the sharks and Lori and Daymond were the ones to try it out. Robert is curious about the Kickstarter campaign. David says he has raised $93,000 in the last five weeks. The objective was inquired next by Kevin and the reply came of $45,000. Robert again asked when will the final product be shipped. It will be shipped by the end of that year in the month of December.

David gives out the samples. Kevin thinks that the valuation is unjustifiable but the founder says that he has sold 1200 units to date and this equates to $1 million in sales. Kevin wants to know the making and selling cost of this product. The founder replies $45 for making and $109 for selling. This shakes the sharks.

Mark asks if he puts sunscreen on himself how long will the sunscreen last and how long can it be detected. The answer to that is that you should check it every 30 minutes. Mark thinks the founder is not sure what to do to run the business therefore he is out.

See also  Knife Aid Shark Tank Update

Cohen says that he has Sunscreen firms that are ready to use the product. Robert disagrees with the claim made by the founder and therefore is out. Robert thinks that the founder had to have some sense when he came up with the valuation he desires for SharkTank. Kevin offer $800,000 for 33.3%. Daymond says that if he wants to invest then he has to sell a kidney, so he’s out. Lori is next to go out. David wants an investment from the QVC queen but she doesn’t say a word. Kevin wants him to take his offer. He accepts the deal and they have a handshake on the same.

What happened to Sunscreenr after SharkTank?

In Jan 2017 the company closed all functioning. Despite the deal on SharkTank closed with the shark Kevin. Still, the website and amazon are available to buy the product. The website of Kickstarter has information on the product and its founder.

The social media account is inactive and the Facebook and LinkedIn page of the founder is not updated about the status of the product.

Product details:

  • The product is durable, portable, handheld, and expensive.
  • It is available in a variety of colors
  • It costs $45 to make and sells for $109.
  • The product is available for sale on Amazon and Kickstarter website.
  • The areas that have less or no sunscreen will have a color that is between dark and light.
  • Skin-covered will appear dark while the places with no sunscreen will be light.

Competitors of Sunscreenr

  • Vacation poolside FM
  • Hint sunscreen
  • Sundots

What is the net worth of Sunscreenr?

The valuation of Sunscreenr was $ 8 million when he entered in SharkTank. After getting a deal from shark Kevin of $800,000 for 33.3%, the company valuation became $2,402,402.40.

Is Sunscreenr still in business?

Yes, the company is selling on Amazon and has helped the Kickstarter website with the information regarding the product. The official website is not functional. There is no information as to the updation of posts on the social media accounts of the company.

The dream of bringing this product to the customers did not see the light as it was time to stop sales. Their product was supposed to launch but by the looks of this, there was a grey area there as well.

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FAQs:

What is Sunscreenr?

Sunscreenr is a handheld device spots if there are any places remaining where sunscreen is not put.

Who founded Sunscreenr?

David Cohen is a Ph.D. in Biochemistry and Biophysics and has spent his life developing scientific products for industries like Security and Medicine. The idea was brought to life by John Meyers who teamed up with him and became the designer and developer of the product.

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