Solsource Net Worth 2022 – What Happened After Shark Tank

Taking solar powered cookware to a whole new level, Solsource is an idea developed by co-founders Scott Frank and Catlin Powers of One Earth Designs.

This was one of the most generous deals in Shark Tank history, so many fans of the show are wondering if it eventually paid off.

Let’s find out how they’ve developed an estimated net worth of $10 Million today.

Solsource Quick Facts

Name	Solsource
Company Net Worth:	$10 Million *Estimated
Pitch:	Portable solar cooker
Entrepreneur:	Catlin Powers
Asked For:	$500,000 for 3% equity
Deal:	$500,000 for 4% equity + 1 seat on the board
Shark:	Mark Cuban

Shark Tank Appearance – Did it Go Through?

In a nail biting episode of the hit show, Shark Tank, Catlin Powers approached the Sharks with an investment opportunity in her company product, Solsource.

The idea was originally developed by Catlin and co-founder of One Earth Designs, Scott Frank.

Catlin asked for $500,000 for a 3% stake in her company. Things didn’t look good post pitch.

One by one, the Sharks decided to reject the opportunity, each one stating his or her own reason for not investing.

Then Catlin got thrown a lifeline: Mark Cuban asked her a question, “Do you think you could put the fear of God in Elon Musk and put them out of business?”.

Catlin answered that she believed they could, and Mark Cuban made her an offer. He asked for a 5% equity for the $500,000. Catlin came back with an offer of 4% and a seat for Mark on her company’s board of directors.

The deal was set!

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Owner and Net Worth of Solsource

Today Solsource is valued at $8.2 million. That’s a slight drop from last year, but the product shows no signs of waning.

One Earth Designs has several other products they are launching, and some have already hit the homes of consumers.

These include a solar powered battery, which retains energy throughout the day to be used during emergencies, outdoor activities or power outages.

Why is Solsource so Popular?

Solsource is the perfect cooking oven for those who like camping, as well as those who need a fuel energy free way to heat or grill food.

This product has become more popular among those who are environmentally conscious since it is powered totally by the sun.

Those who use the Solsource grill won’t be disappointed by its features. Not only does it heat up 5 times quicker than other cooking methods, but it is also safe to use indoors.

In fact, it was the indoor air pollution of poverty stricken people in the Himalayas who inspired the design of the Solsource grill to begin with!

Conclusion

The Solsource grill accounts for approximately 80% of One Earth Designs’ profits.

It started as a popular product, but sales have soared in the past few years due to the publicity gained form the show.

Today One Earth Designs is worth millions more than it was before Catlin’s appearance on the show. With a Shark on the board of directors, this will likely stay consistent.