Peanut butter is delicious, but it can be messy and difficult to use when making sandwiches or snacks. Because of this, Andy Scherer has come up with a solution to this common problem. He’s created a tool that dispenses the peanut butter, making this sticky food easy to use. Will he get a deal on
Shark Tank Peanut Butter Pump Update
- Entrepreneur: Andrew Scherer
- Business: Pump for peanut butter jars
- Ask: $200,000 for 15% equity
- Result: No deal
- Shark: None
Andy, an inventor from Burbank, brings his company and product, Peanut Butter Pump, to
Chefs, moms, and peanut butter lovers everywhere can apparently benefit from the combined suction and pump device. One great feature of the pump, is that it gets every last drop of peanut butter out of the jar.
He goes on to demonstrate how it works, by pumping the ‘perfect’ amount of peanut butter onto a sandwich, and also onto some celery sticks. The pump cleans the sides of the jar, and dispenses consistent amounts of peanut butter.
Kevin O’Leary, who considers himself a peanut butter connoisseur, and even makes his own peanut butter, has a thing or two to say.
He takes issue with the pump because it is too big for the fridge. This leads to some discussion about whether or not peanut butter should be refrigerated in the first place.
But the real problem comes when Andy starts discussing the product, revealing that it’s just a prototype, and all sales so far have been preorders, totaling $129,000 via crowdfunding.
Even worse, Andrew hasn’t met the production due date, and has withdrawn some of the crowdfunding money for his own use.
When asked about his story, Andy shares that he was laid off from his job 2 1/2 years prior to the pitch, where he worked in the currency exchange market. Desperate to start over, he decided to become an inventor.
This is when the Peanut Butter Pump came to be. Through the campaign, he sold the pumps for $27, which Robert Herjavec, and Lori Greiner say is a lot.
Daymond John doesn’t think it the Peanut Butter Pump is solving a real problem, and ultimately, Lori, Robert, Kevin, and Mark all go out for the same reason.
Without a deal, Andy unfortunately leaves
We have interesting news to share in our Peanut Butter Pump update. In fact, we discovered some red flags during our research.
The Peanut Butter Pump website says that the product is out of stock, and will ship by March of 2020. At the time of this writing, it’s been over 3 years since that time has passed.
We also discovered that Andy’s Indiegogo page, often updates preorder customers about how the product is coming along, but the product still hasn’t shipped. It currently lists December 2023, as the new ship by date.
Further, the listing on his Indiegogo page is for a 2-pack of pumps, for $68. He has also received more pre-orders since the show.
Hopefully Andy will finally make it happen, and get his products shipped. If we learn anything more about the company, we will be sure to let you know.
In the meantime, check out the other companies featured on Season 11 Episode 7, by following the links below:
Don’t forget to take a look at our Season 11 products page! We’ve got more company updates from
Shop the Shark Tank Recap Store
Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!