Riverbend Resources Net Worth Shark Tank Update 2025

Erik Diedrichsen was trying to sell his business Riverbend Resources on Shark Tank This company specializes in creating simple feeders and waterers for small farmers and people with backyard chickens Erik believed that there is a need for products that make poultry caring easier His products are cheap eco-friendly and long-lasting They help to make daily caring for chickens easier and quicker.

Erik was looking for $ 300,000 for 10% of his business at an overall rating of $3,000,000. He showed his Poultry Pro Feeder and Poultry Pro Waterer and explained how they work. The sharks had many questions about his products, his business, and his plans for the future. Will the entrepreneur get a deal on Shark Tank? Check out the Riverbend Resources update to find out!

In our Riverbend Resources update research, Riverbend Resources has grown since it was on Shark Tank. The company is still in business as of 2024. They are selling their products in major retail stores like Lowe’s, TSC, North 40, D&B Supply, etc. Their products are available online on Amazon. This retail expansion has helped them compete with copycat products. Riverbend Resources is working on growing its brand in the market and reaching more customers.

They have seen success with their products and have continued to develop new ideas to improve poultry care. Despite challenges with knock-off products, the company has found a way to adapt and thrive. Currently, Riverbend Resources is valued at $1.7 million based on its sales and growth.

In terms of the Riverbend Resources update, yes, Riverbend Resources secured a deal on Shark Tank. Erik Diedrichsen originally asked for $300,000 in exchange for 10% equity. However, Daymond John offered $300,000 for 25% equity, Erik countered with 20%, and Daymond agreed to the deal. This partnership was focused on retail expansion.

Daymond’s experience in the retail space would help the company get its products into more stores and strengthen its brand presence.

Riverbend Resources Net Worth Shark Tank Update 2025

Erik was looking for an investment of $300k in exchange for 10% equity in the company. At the time of the episode, he valued his company at $3 million. Erik successfully secured a deal with Daymond John for an investment of $300k for 20% equity in the company. The investment adjusted the company’s net worth to around $1.5 million. After the show was aired, the company experienced a good boost in exposure. As per my rough estimate, the current net worth of Riverbend Resources in 2025 is around $1.7 million.

Shark(s) Name	Offer & Demand	Yes to counteroffer	Accepted?
Lori Greiner	Out	N/A	N/A
Daymond John	$300,000 for 25% equity	#1 $300,000 for 20% equity	Yes to Counteroffer
Kevin O’Leary	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Founders Backstory

Riverbend Resources was founded by Erik Diedrichsen in 2020. Before starting this business, Erik was engaged in the organization of exhibitions. However, the COVID-19 pandemic hit, and his business was ruined. Understanding the need to start everything from scratch, Erik chose the poultry-keeping sector. He noticed a gap in the market: no one had developed a convenient feeder and waterer for small farmers or those who keep poultry at home.

He decided to make life easier for the owners of small farms or private houses and founded Poultry Pro Feeder, which later became Riverbend Resources. Erik set a goal for himself: to change the daily routine of a farmer for the better and make taking care of poultry easier. His first position is to create affordable, durable, and eco-friendly products. Ease of assembly is also a big advantage, making it easier for novice poultry keepers.

Erik has faced a lot of challenges in the early stages of product development. Making products that were easy to use and affordable was not easy. He had to find materials that would work well and last long. He also had to find the right price point for the material and get the products in the stores. As Riverbend Resources grew, Erik continued to refine his designs and expand his product line.

Despite all the difficulties, Erik stayed focused on his goal to help farmers take care of their chickens easily and effectively.

Initial Pitch

When Erik first pitched Riverbend Resources on Shark Tank, he was ready. He asked for $300,000 in exchange for 10% equity at a $3 million valuation. He presented his products, the Poultry Pro Feeder and Poultry Pro Waterer, and explained how they made taking care of chickens easier. He also explained that the products were affordable, easy to use, and eco-friendly. Erik also mentioned that his products are durable and waterproof, designed for long-lasting use.

Sharks were intrigued about how much the company sold. Erik stated that Riverbend Resources had made $3 million in sales in its lifetime. He expected to make another $2 million in sales by the end of the year. Erik also said that the products cost $5 to make and are sold for $30. He mentioned that he had three design patents, which is what protected his product from other competitors.

Knockoff’s products had affected the sales of his product, which is why he had to start selling in retail. The Sharks had a lot of questions about the business. Lori Greiner decided not to invest, saying that she wasn’t the right partner. Robert Herjavec felt he couldn’t add value to the business and backed out. Mark Cuban also decided not to invest. Kevin O’Leary agreed with the others and opted out as well. With only one Shark left, Erik’s hope was fading.

Queries About The Product

During Erik’s pitch, the Sharks posed numerous questions. The Sharks probed Erik to find out more about the sales and the future of the business. Robert Herjavec inquired about the sales, and Erik shared that they had already reached $3 million in lifetime sales. He also expected to hit about $2 million in sales this year. Furthermore, the Sharks were interested in the costs of the product and how much each sale made.

Erik described that the products cost $5 to make and sold for $30, which is a great profit margin. The Sharks also wanted to know about the competition. Erik stated that knockoffs hurt his sales, but he’d patented his design. His business was safe from copycats. He was already in retail stores, expanding his brand and customer base. Daymond John was most interested in retail.

He saw potential growth and offered to help expand. Erik was also asked about the company’s team. He mentioned that his small team consisted of three people. Connor managed operations, Ayla handled social media, and General Gao, a chicken, was the “flock overlord.” This lighthearted mention added some humor to the pitch and showed that Erik had a fun and creative side.          

Shark’s Responses and Final Deal

Questions done, Sharks gave responses. Lori Greiner wasn’t the perfect partner, so she decided not to invest. Robert Herjavec also backed out, he couldn’t add value to the business. Mark Cuban did not invest as he had agreed with Robert. Kevin O’Leary felt the business was not investable, so he also opted out. Only Daymond John was left for Erik to make a pitch to. After going through the business in more detail, Daymond saw merit in it.

$300,000 was his offer for 25% equity. This would put the valuation at $1.5 million. Erik wanted to keep at least 20% of his business, so he countered with the same offer. Daymond agreed after some thought, and Erik shook his hand. This was a turning moment in Erik’s and Riverbend Resources’ life. Daymond would help in growing this business and take on the knockoff products that he had been battling all along.

What Went Wrong With Riverbend Resources On Shark Tank?

The primary challenge Riverbend Resources encountered on Shark Tank was rivalry with imitation products. Even though Erik possessed patents for his creations, these imitations had begun to affect his sales. The Sharks were also worried about the firm’s capability to thrive in a saturated market. Lori Greiner and Robert Herjavec realized they couldn’t contribute sufficiently to the business, prompting them to withdraw.

Mark Cuban and Kevin O’Leary chose not to invest for comparable reasons. Despite these obstacles, Erik’s emphasis on growing into retail outlets aided in finalizing the agreement with Daymond John. Daymond’s background in retail was precisely what the company needed to tackle the issues of knockoffs and expand in the market. 

Product Availability

Riverbend Resources offers the Poultry Pro Feeder and Poultry Pro Waterer for $29.95 each. These products are designed to make chicken management easier for small-scale farmers and backyard poultry lovers. They are eco-friendly, resistant to water, durable, and easy to set up. Riverbend Resources sells its products on Amazon, enabling customers to purchase them for $29.95.

The company is also aiming to expand its footprint in more retail outlets. They are available at stores like Lowe’s, TSC, North 40, and D&B Supply. 

Conclusion

Erik Diedrichsen agreed with Daymond John on Shark Tank, who helped the business expand its retail presence. The products are now available in major retailers and online, and the company has continued to grow. Despite facing challenges with counterfeit products, Riverbend Resources has found ways to adapt and thrive. Its focus on quality, affordability, and customer support has played a key role in its success.