BRUW Net Worth 2022 – What Happened After Shark Tank?
Introduction
How do you brew perfect café-quality cold brew in the comfort of your own home every single time? Use the BRUW cold brew coffee filtering system. This was the pitch Max Feber threw to the Sharks.
Mark Cuban happily picked up what Feber was putting down and made a solid offer.
Read on to see what happened after Shark Tank.
What is BRUW?
Cold-brewed tea and coffee have become all the craze. Cold-brewed coffee allows you to enjoy all of the benefits and flavors that coffee has to offer without any of the bitterness. Unfortunately, cold brewing can easily be messed up when you try to do it at home.
The BRUW is a cold brew coffee filter that fits between two standard mason jars.
The coffee grounds and water are placed in one mason jar and the normal lid is secured. The jar is then placed in the fridge for a number of hours until the coffee has successfully been brewed.
When you are ready to drink your cold-brewed coffee, you replace the mason jar lid with the BRUW filter and screw in a second mason jar to the other side. All you do is then flip it over and watch as the cold-brewed coffee is filtered through.
The filter has a straw/tube attached to it which allows seamless and fast filtering.
The filter can be used to make cold-brewed coffee, tea, fruit, or herbal infusions!
Watch how to use it here.
Name |
BRUW |
Net Worth (2021) |
|
Pitch |
An at-home cold brew coffee filter |
Entrepreneur |
Max Feber |
Asked for |
$50,000 for 25% equity |
Deal |
$50,000 for 30% equity |
Shark |
Mark Cuban |
Confirmed Deal |
Yes |
Still in Business |
In business (acquired by Snarky Tea) |
Monthly Income |
Who is Max Feber?
Max Feber was in his high school sophmore year business class when he was challenged to make a useful product that fixed some sort of issue in the market.
Feber loved cold brew coffee but struggled to make it at home with normal filters because they are meant to filter hot liquids and not cold. He knew precisely what he had to make.
With the success of his high school project, Feber turned it into a sellable product and in his freshman year of college got his patent approved and made his way onto Shark Tank.
What happened during the pitch?
The Sharks were thoroughly impressed with Feber’s product and capabilities. However, the Sharks were concerned that the filter was simply a product and not a business on its own.
Feber stated that he wanted the investment to shrink the cost of the product and grow his profit margin. A secondary concern was that Feber was a full-time student and as such could not devote the time he needed to into growing the business.
The investment
Although they were initially hesitant, Kevin O’Leary, Daymond John, and Mark Cuban all made offers to Feber.
Feber chose Cuban as his investor for $50,000 for 30%. Mark Cuban stated that he wanted to focus on growing profit margins by pushing the product and increasing the marketing without lowering the cost of the filter.
Conclusion
BRUW was partnered up with and was then acquired by Shark Tank alumni, Snarky Tea which adapted the filter so tha