Doug Foreman, a native of Texas, appeared on the eighth season of Shark Tank and pitched the butter sprayer that is now known as the Biem.
The apparatus that, according to Doug, enables one to turn any stick of butter into a spray that can be utilized for a variety of applications, ranging from grilled cheese sandwiches to popcorn, inspired the naming of the company.
Doug was prepared to ask the sharks for $500,000 in exchange for 5% ownership of his company after he successfully raised more than $235,000 from 1,700 backers on Kickstarter at the time.
In this latest iteration of our Biem butter sprayer, let’s take a look at what Doug has been up to since his appearance on Shark Tank.
What Is Biem Butter Sprayer?
Butter lovers will enjoy using the Biem Butter sprayer. It might be best to use the spray sparingly when using it.
Biem Butter Sprayer is a device that instantly turns a stick of butter into a spray by converting butter to biem (pronounced BEAM).
Biem Butter sprayers melt butter bars by inserting them into the sprayer and heating them until melted. They are then distributed with the help of the sprayer.
The bim Butter Sprayer utilizes hot air to transform cold quickly or room temperature butter into a liquid spray. The device does not melt the entire stick of butter, but only the amount required.
The outside of the spray is cold to the touch, and the inside is just hot enough to liquefy a tiny amount of butter without causing it to burn.
Lithium-ion batteries power the device, and fuels are not required. The device can be kept in the refrigerator or on a counter with butter. You can clean it by rinsing it under hot water and adding a drop of soap.
The device is intelligent and simple to operate. The sprayer uses an accelerometer to distinguish when it is in your hand and stationary.
If you pick it up, it will turn on automatically and turn off when you put it down. The device stands around ten inches tall and weighs about 1.5 pounds.
|Company Name||Biem Butter Sprayer|
|Product||Liquid Butter Sprayer|
|Investment Asking For||$500,000 For 5% equity in Biem Butter Sprayer|
|Final Deal||$500,000 For 14% equity in Biem Butter Sprayer|
|Episode||Season 8 Episode 4|
|Business Status||Out Of Business|
Who Is The Founder Of Biem Butter Sprayer?
Doug Foreman is the founder of Biem Butter sprayers.
Biem Butter was invented by a serial entrepreneur and inventor, having established companies such as Guiltless Gourmet (which he sold for an estimated $500 million) and Beanitos before creating Biem Butter.
Biem Butter Sprayer never took off; although the official website is still active, the products are marked as sold out. Doug is currently the CEO of Austin Automation.
Doug has over forty years of experience in the foodservice industry, applying to his entrepreneurial ventures.
He pitched the butter melting device Biem to Shark Tank before creating Beanitos, a bean-based chip.
This was the first bean-based snack chip ever created, but Doug’s only creation was not. With the Guiltless Gourmet, he introduced the baked tortilla chip to the United States in 2010.
Forbes and Inc featured him in these enterprises, and he was named Entrepreneur of the Year in the early 1990s.
It will be interesting to watch how Doug performs on Shark Tank when he pitches his new kitchen widget with all of this success.
Biem Butter Sprayer Before Shark Tank
A life-long food industry employee such as Doug noticed that butter was overused.
He also observed that butter was always solid despite being an excellent cooking oil. The intention was to prevent waste by developing a Biem Butter sprayer.
He realized the sprayer could be used on various products, increased the taste, and used minimal butter once he created it. He then applied for patents covering the nozzle spray.
Doug used crowdsourcing to fund mass production of the Biem Butter sprayer. It was full of bells and whistles, which attracted investors to invest.
The Biem Butter sprayer could start melting butter automatically when it was elevated, and it could also automatically stop once it was melted.
Furthermore, the nozzle efficiently sprinkled butter without clogging, and the machine was easy to clean.
Doug raised $235,000, approximately six times the amount he had hoped to raise before appearing on Shark Tank, due to the several utilities listed above.
How Was The Shark Tank Pitch Of Biem Butter Sprayer?
Doug appeared on Shark Tank requesting an investment of $500,000 for a 5% stake in Biem Butter Sprayer.
The sharks were of the opinion that the butter sprayer was a one-of-a-kind product in a market that held a great deal of potential for financial gain.
Doug also believed this, which is why he asserted that he predicted that Biem would produce $10 million in revenue the following year despite the fact that he had no basis for such a projection.
The sharks expressed their interest almost immediately, with Daymond John being the first to make a bid.
Daymond, on the other hand, did not agree with Doug’s first assessment of the value of the company and made an offer of $500,000 in exchange for 17.5 percent of the equity.
After this, Lori Greiner questioned Doug about any challenges he could have had while building the product, all while Daymond continued to press him for answers. Daymond also remained persistent in his questioning of Doug.
In the midst of all of this, Kevin O’Leary intervened and made Doug an offer of $500,000 in exchange for 15% of the company, which Daymond swiftly matched.
Doug’s next appointment was with Robert Herjavec, who was the next shark in line. He inquired as to whether or if Doug was capable of developing a model with a lower price.
On the other hand, Lori suggested an alternative that was a little bit fancier. After that, Doug provided a solution to Robert’s concern and noted that removing the stainless steel shell from the Biem might result in it having a lower overall weight and being manufactured for a lower cost.
After that, Lori made an offer to John of $600,000 in exchange for 20 percent of the company, and then Robert made an offer of $500,000 in exchange for 10 percent of the company. Instantaneously, Doug found himself in the position of having four different offers on the table.
Despite this, Daymond’s impatience eventually got the best of him, and he decided to withdraw his offer.
Doug also failed to secure another offer after expressing his desire to work out a contract with Mark Cuban, who ultimately did not present him with an offer.
After suffering the loss of Daymond and Mark, Doug eventually agreed to accept Lori’s offer, negotiating with her to accept a lower equity proposal of $500,000 in exchange for 14 percent of the company.
Final Deal: Doug walked away with an offer from Lori Greiner of $500,000 for a 14% equity in Biem Butter Sprayer.
What Happened To Biem Butter Sprayer After Shark Tank?
The Biem butter sprayer has been active on social media and its website.
There is currently no stock remaining on their website. Still, the company has been accepting pre-orders Since its appearance on Shark Tank, the normal Biem featured on Shark Tank and the Biem gift pack that includes the standard gadget plus an additional rechargeable battery.
This additional $30 costs the consumer. Lori’s cheaper version, whose bargain was predicated, does not appear to have been released yet.
It is difficult to tell whether a sale has been completed once the cameras are no longer rolling.
In interviews following his stint on Shark Tank, Doug acknowledges that being on the show boosted his sales but says nothing about Lori’s assistance or collaborating with the Shark on future ventures.
Additionally, the business’s Facebook profile and Twitter account make no mention of a completed transaction.
Instead, the Biem butter sprayer was funded via various crowdfunding platforms, where it raised nearly seven times the company’s initial $42,000 goal.
Not bad, though it would have been preferable if the manufacturer continued to offer the butter sprayer through some channel.
Biem Butter Sprayer Shark Tank Update
You would think that we would have some positive news to share on the Biem butter sprayer at this point considering that Doug managed to strike a deal with the Queen of QVC. Sadly, it does not appear to be the case.
The butter sprayer designed by Biem was a complete and total bust. It didn’t take long for the product’s presentation on Shark Tank to disclose a significant number of issues with both the company and the product.
After placing their orders, many consumers asserted that they did not receive the product, and the vast majority of those who did receive the butter sprayer complained that it did not function as the manufacturer had envisioned it to.
The difficulties continued to worsen from that point on. The issue with the defective products was not resolved by the company, and rather than provide customers with full refunds, Biem made a promise that they would replace the previous model with a V2 version of the product.
Many customers who purchased the V2 model of the Biem butter sprayer expressed their dissatisfaction with how difficult it was to operate, despite the fact that the product’s concept was initially appealing and appeared to have a lot of potential benefits.
At the time of this writing, that is all the information that we have available; the manufacturer of the Biem butter sprayer has not released an official update in quite some time.
A considerable amount of time has passed since any of its items, with the exception of the battery and the charger, were available for purchase.
The Better Business Bureau investigated the complaints. Biem Butter Sprayer is currently selling its products on the company website, and as of February 2019, they are still in business.
The testimonials submitted on the company’s website are favorable, so it appears that all issues have been resolved.
As of 2022, there has not been a Facebook post on Biem Butter Sprayer Page since December 2019, and the website says all of the sprayers are “out of stock.”
Biem Butter Sprayer still states that every product is “out of stock” after over a whole year has passed.”
The social media platforms have not been updated at all, and the backers on Kickstarter are grumbling that they have not been sent any of the rewards they pledged for.
Is Biem Butter Sprayer Still In Business?
The Biem butter sprayer has been vigorously promoted on social media platforms and on the company’s website since appearing on Shark Tank.
Biem Butter Sprayer is currently out of stock on their website, but they are accepting pre-orders for the standard Biem that was demonstrated on the show Shark Tank.
Additionally, they are accepting pre-orders for the Biem gift pack, which includes not only the regular gadget but also an additional rechargeable battery.
The customer has to pay $30 extra for this extra. Lori’s deal seems to be based on a more affordable version that has not yet been released to the public.
The success of the transaction cannot be determined once the cameras have stopped shooting.
Doug notes the increase in sales that occurred as a direct result of his appearance on Shark Tank in interviews conducted following the event; nevertheless, he does not mention receiving assistance from Lori or collaborating with the sharks on any new ventures.
There is no notice of a completed transaction on either the Facebook profile or the Twitter feed associated with the company.
Instead of the company’s original request for $42,000, the Biem butter sprayer was featured on a number of crowdfunding websites, where it garnered over seven times that amount.
Biem Butter Sprayercould have maintained some kind of platform for selling the butter sprayer even though they no longer do so.
What Is Net Worth of Biem Butter Sprayer?
The valuation of Biem Butter Sprayer was $10 million when it appeared on Shark Tank. The net worth of Biem Butter Sprayer is unknown as of 2022.