Caffeindicator Net Worth Shark Tank Update 2025

Many people worry about drinking too much caffeine. Too much caffeine can make it hard to sleep. It can also cause jitters. Michael Schiavone had this problem. He once got a coffee with caffeine by mistake. This made him think. He wanted a way to check drinks for caffeine. So, he made the Caffeindicator. This is a strip that shows if a drink has caffeine. Michael went on Shark Tank.

He wanted help to grow his idea. He asked for $200,000. He offered 25% of his company. The sharks listened to his plan. They asked questions. Will the entrepreneur get a deal on Shark Tank? Check out the Caffeindicator update to find out!

In our Caffeindicator Update research, After the show things didn’t go as planned. The deal with Kevin Harrington did not happen. The Caffeindicator did not become popular. It was not easy to find in stores. Michael stopped talking about it. It seems the business is no longer running. As of 2024, there is no new information about Caffeindicator. The product is not available to buy. The company did not grow after the show.

In terms of a Caffeindicator Update, Yes, Michael got a deal on Shark Tank. He asked for $200,000. He offered 25% of his company. Kevin Harrington made an offer. He offered $200,000 for 50% of the company. Michael agreed to this deal. But after the show, the deal did not go through. The agreement did not become final. So, the company did not get the money. The partnership with Kevin did not happen.

Caffeindicator net worth Shark Tank Update 2025

Michael was looking for an investment of $200k in exchange for 25% equity in the company. At the time of the episode, he valued his company at $800k. Michael successfully secured a deal with Kevin Harrington for an investment of $200k for 50% equity in the company. The investment adjusted the company’s net worth to around $400k. After the show was aired, the company experienced a good boost in exposure. However, the deal did not go through, and the company struggled to grow. As per my rough estimate, the current net worth of Caffeindicator in 2024 is $0, as the company is no longer in business.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Kevin Harrington	$200,000 for 50%	N/A	Yes
Barbara Corcoran	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Daymond John	Out	N/A	N/A
Robert Herjavec	$200,000 for 60%	N/A	N/A

Founders Backstory

Michael Schiavone is the creator of Caffeindicator. He had a personal experience that led to this idea. One day, he ordered a decaf coffee. But he got regular coffee instead. This mistake affected him. He had trouble sleeping that night. He felt jittery. This made him think. How can people know if their drink has caffeine? He wanted a simple solution. So, he thought of a test strip. This strip could tell if a drink has caffeine.

He called it the Caffeindicator. Creating this product was not easy. Michael faced many challenges. First, he had to make the strip work correctly. It needed to detect caffeine every time. This took a lot of testing. He had to find the right materials. He worked hard to make it reliable. Next, they had to think about production. Making one strip is different from making many. He needed to find a way to produce them in large numbers.

This required money and resources. He had to look for manufacturers. He needed ones that could make the strips at a low cost. This was important to keep prices affordable. Marketing was another challenge. He had to explain the product to people. Many did not know they needed it. He had to show why it was useful. This meant creating ads and promotions. He had to find the right audience. People who avoid caffeine for health reasons were his main target.

Funding was a big hurdle. Developing a new product costs money. Michael used his own savings at first. But it was not enough. He needed investors. This is why he went on Shark Tank. He hoped to get the funds to grow his business. Despite these challenges, Michael was determined. He believed in his product. He wanted to help others avoid his experience. He worked hard to bring Caffeindicator to market.

Initial Pitch

Michael Schiavone walked into the Shark Tank. He was ready to present his idea. He greeted the sharks. Then, he started his pitch. He told them about his experience. He once got a caffeinated coffee by mistake. This led him to create the Caffeindicator. He showed the sharks how it worked. The strip could detect caffeine in drinks. It was simple to use. Just dip it into the drink.

The strip would change color if caffeine was present. He explained the need for his product. Many people avoid caffeine. Some have health issues. Others do not like how caffeine makes them feel. But mistakes happen. People get the wrong drink. The Caffeindicator could help prevent this. It gave people control over what they consume. Michael asked for $200,000. In return, he offered 25% of his company.

He believed this investment would help him scale production. It would also help with marketing. He wanted to reach more customers. The sharks listened carefully. They had questions. They wanted to know more about the product. They also wanted to understand the market. Michael answered their questions. He provided information about his plans. He was confident in his product.

Queries About The Product

The sharks had many questions. They wanted to understand the product better. Kevin O’Leary asked about the cost. How much does it take to make one strip? Michael explained that making more strips would lower the cost. Producing in large numbers is cheaper. Robert Herjavec had a question. He asked about adding the strip to sweetener packets. Would this increase the cost? Michael said no.

Adding the strip would cost very little. It would not affect the price much. Barbara Corcoran shared her thoughts. She was not sure if people worry about caffeine in their drinks. She thought selling the product would need a lot of advertising. This could be expensive. Daymond John also spoke. He agreed with Barbara. He was not convinced about the demand for the product. Kevin Harrington had a different view.

He saw potential in the product. He thought it could work well with sweetener companies. He believed there was a market for it. The sharks discussed among themselves. They weighed the pros and cons. They considered the product’s potential. They also thought about the challenges.

Shark’s Responses and Final Deal

After hearing Michael’s pitch, the sharks gave their feedback. Barbara Corcoran was the first to speak. She did not think people worry enough about caffeine in their drinks. She also thought marketing the product would be costly. So, she decided not to invest. Daymond John agreed with Barbara. He did not see a strong demand for the product. He chose not to make an offer. Robert Herjavec had a different view.

He saw potential in the idea. He made an offer. He offered $200,000 for 60% of the company. But he had a condition. The deal would only happen if they could partner with a big sweetener company. Before Michael could respond, Kevin Harrington made his offer. He offered $200,000 for 50% of the company. He had the same condition as Robert. They needed a deal with a major sweetener company.

Michael thought about the offers. He had to choose between Robert and Kevin. He decided to accept Kevin’s offer. He agreed to give 50% of his company for $200,000. This was a big step for Caffeindicator.

What Went Wrong With Caffeindicator On Shark Tank?

Not all the sharks were interested in the product. Barbara Corcoran had concerns. She did not believe people worry much about caffeine in their drinks. She also thought marketing the product would be expensive. This made her decide not to invest. Daymond John shared similar thoughts. He was not convinced there was a big market for the product. 

Product Availability

The Caffeindicator was a unique product. It was a small strip. This strip could detect caffeine in drinks. To use it you would dip the strip into your beverage. If the strip changed color, the drink had caffeine. This was helpful for people who wanted to avoid caffeine. It gave them a simple way to check their drinks. After appearing on Shark Tank the product faced challenges.

The deal with Kevin Harrington did not go through. Without this support, the product did not reach the market widely. As of 2024, the Caffeindicator is not available for purchase. There is no company website. The product is not sold online or in stores. It seems the business is no longer operating.

Conclusion

The Caffeindicator started with a personal experience. Michael Schiavone wanted to help people avoid unwanted caffeine. He created a simple test strip. He presented his idea on Shark Tank. He secured a deal with Kevin Harrington. However, the deal was not finalized. The product did not become widely available. As of 2024, the Caffeindicator is no longer in business.