What Happened to WindCatcher after the Shark Tank?
What is WindCatcher?
WindCatcher is a wind turbine that draws in and oxygenates the air. This enables the machine to generate clean energy and water.
Ryan Frayne established the firm in 2013. He grew raised in Tampa, Florida, and earned a marketing degree from the University of South Florida in 2008.
During that time of economic downturn, he struggled to find job and put his energy into inventions.
One of his favorite gadgets was one that allowed him to attach a fishing hook or bait to a line without tying a knot.
Who is WindCatcher’s creator?
Ryan Frayne established the firm in 2013. He grew raised in Tampa, Florida, and graduated from the University of South Florida in 2008 with a marketing degree.
He decided to establish his own business and moved to Portland, Oregon, where he did odd jobs until he obtained a job with a digital marketing agency.
Frayne resorted to Kickstarter with the objective of earning $50,000 in 30 days, but after a week, he only had $5,000 from friends and family, which made Frayne anxious.
Ryan Frayne used Kickstarter to verify their market proposition for a faster, more convenient way to blow up air mattresses. In June 2013, the WindCatcher Air Mattress successfully received $150,000.00 from 1,472 financial backers.
In September 2014, Ryan successfully funded an extra $42,500.00 for his Air Pakk Self Inflating Backpack.
What happened to WindCatcher’s proposal on Shark Tank?
Ryan Frayne proceeded to the Shark Tank investors to locate a business partner after successfully raising a total of $242,000 from his campaign.
Ryan Frayne is seeking $200,000 for an 8% stake in his firm, worth $25 million.
He starts by demonstrating how to inflate a typical inflatable. He then tells that the company’s goods sales had generated $165,000. The product pleased the Sharks.
Kevin then gives a $200,000 venture loan and commits to take 6% of all sales until he gets $800,000, at which time he will own 3%.
Lori offers $200,000 in return for a 15% stake in the company. Lori accepts Sacca’s offer to share a room.
Lori accepts Sacca’s offer to share a room. Then Robert offers $200,000 for 10% of Ryan’s asking price.
Sacca and Lori provide $200,000 in exchange for 15% equity. Mark proposes a loan of $200,000 at 8% interest. Robert’s asking price for 6.5% equity shares in the firm has been decreased to $200,000.
Lori boosts the cap to $200,000 for 5%, but without Sacca; she will also make a loan available. Lori and Ryan finally reached a deal after a lengthy discussion.
What became to WindCatcher following its appearance on Shark Tank?
Ryan and Lori never executed any deals once the sale was successfully concluded. Ryan was unfortunately diagnosed with pancreatic cancer shortly after participating on the show.
Ryan died early in the morning of June 20, 2018; she was excited about their future business ventures. He died at the age of 34 in Portland, Oregon.
Ryan Frayne’s biography is still on the company website, as is his wife and closest friend Lori Frayne’s management of the firm. As of 2021, the corporation has a net worth of $6 million.
WindCatcher’s net worth
The company valuation was $2.5 million during the pitch, since then the company net worth might have been more than that of pitch.
Is There a Way to Make WindCatcher Waterless?
No. The only means is to utilize water to make the machine work. The company’s website says that “Water is absolutely necessary for the WindCatcher 2.0 to function, but it can’t be dirty.”
How Big Are WindCatcher’s Smaller Sizes?
The firm offers two sizes: the original 2ft x 2ft size and a small 10-in version, which weighs only 3 pounds.
What is The WindCatcher’s Return Policy?
The company provides a 30-day return policy, as long as they send back the machine.
What are WindCatcher’s Guarantees?
The firm assures that the machine will never fail and that, once delivered, it will stand the test of time. The company’s guarantee says: Their WindCatcher has never failed to operate and has stood the test of time.
What Types Of Inflation Does The WindCatcher Use?
The company’s website says that Fluid: Foam-Free air inflator machine has “an internal pump that uses a fraction of the electricity of your car or wall outlet.
How long does WindCatcher take on delivery?
The website says that it takes up to two weeks after the order is placed.
What Is WindCatcher’s Warranty?
The company offers a limited lifetime warranty on the pump and moving parts and a manufacturer’s warranty on “the fabric and plastic.
How does WindCatcher work?
According to a video on the company’s site, the machine uses a pump connected to a fan. The motor pulls in dirty outside air and runs it through micro-fine filters.
The WindCatcher contains no foam; its moving parts are made up of steel and aluminum. The company’s website says that “WindCatcher collects oxygen from the atmosphere by using our proprietary filter technology as air is drawn into the internal fan/motor.
What is WindCatcher made of?
The company informs that WindCatcher’s body is constructed with a high-density, transparent plastic frame and a fabric cover. The machine is small, but it has large windows for checking the air quality.
Is WindCatcher Portable?
The company website says that the machine is “portable by design.” The firm says that “it can be operated inside, but it doesn’t belong in a backcountry wilderness setting.”
How much does WindCatcher weigh?
The company says that its products are designed to be lightweight and portable.
Is WindCatcher safe to use?
The company says that WindCatcher has been tested and certified by the ASTM.
What is the material used for WindCatcher’s fabric?
According to the company, the WindCatcher’s fabric is “made from high-quality, durable polyester.” The company also tells that it can be cleaned with a warm water rinse for an easy break.
Does WindCatcher work in extreme cold?
The firm says that its products are designed to work under all weather conditions.
How do I make payment to WindCatcher?
The firm will accept credit cards, PayPal, bank transfers, and wire transfers.
How much is shipping on WindCatcher?
Shipping is a flat $10 for any number of WindCatcher. The company has free economy shipping to the 48 contiguous U.S. states.