Geoffrey Woo and Michael Brandt went into the
Shark Tank Nootrobox Update
- Entrepreneur: Geoffrey Woo and Michael Brandt
- Business: Memory-enhancing chewable coffee products
- Ask: $2,000,000 for 5% equity
- Result: No deal
- Shark: None
Geoffrey and Michael entered
Guest shark Chris Sacca was the first to point this out and said it was the reason he’s wasn’t going to invest. Kevin O’Leary also had concerns about the product and the way that the two were marketing it. He describds what they’re doing as “flying very close to the sun” before going out. Meanwhile, Robert Herjavec didn’t like the valuation and went out.
Following suit, Lori Greiner and Mark Cuban also dropped out, forcing Geoffrey and Michael to leave without a deal. With the pitch recap out of the way, let’s talk more about our Nootrobox update.
The episode aired back in December 2016 and a lot has happened to the company since. For example, it’s no longer known as Nootrobox. The company changed its name in June 2017 to HVMN, which stands for Health Via Modern Nutrition. The company also found itself in hot water in the same year after their own study found out that their product was not as efficient as coffee in boosting concentration.
Yet, despite all the criticism and failure to land a deal on
So far, HVMN has raised a total of $8.2M in funding spread across two rounds. There is currently no available public information citing how much HVMN is worth today, but if we ever get an update, we will let you know!
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