Mute Me is an innovative product that is known for changing the way people talk to each other and helping them find peace in a noisy world. Not only has its groundbreaking product won praise, but the company has also done very well financially.
Mute Me has caught the attention of millions because it can help people be more productive and calm. In this article, we look at Mute Me’s net worth and its shark tank appearence.
Mute Me Net Worth
Shark Daymond said that this is a very good product and that it is a unique product that makes online talks easy. We think that MuteMe’s current net worth is around $430,000. We think this company will grow even more in the future.
Introducing MuteMe
Your voice can be muted in an online conference or class with just one click thanks to the illuminated button known as MuteMe. Your voice and background noise are prevented from entering the online meeting as a result, and the meeting closes without any misunderstandings.
Never hear or say “you’re on mute” again is the device’s tagline. Technologies in both hardware and software were used to create this mute gadget. Numerous well-known conferencing programs, including Zoom, Webex, Teams, Skype, Google Meet, and many others, are simply integrated with the device.
It is regarded as suitable for remote work and works with Windows, Macs, and Linux systems. It functions with several microphone kinds. It can be wired, wireless, Bluetooth, and AirPods connected to the PC.
You must download the MuteMe Software before utilizing this device with a computer in order for it to function properly. This gadget features stainless steel, a USB Type-C connection, and 8 configurable colors.
Three variations of this product are available: MuteMe, MuteMe Mini, and MuteMe – Custom Engraved. Additionally, its cost ranges between $39, $19.99, and $49. This mute device is available on Amazon and the company’s website.
Check out some of the other brands we cover that were featured on Shark Tank:
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Introducing the Founder of MuteMe
Parm Dhoot, Tye Davis, Handeep Dhoop, Brittany Davis, and Pavan Purewal make up the rest of the MuteMe team. They collaborated to create this company in 2020 after coming up with an original concept.
CEO and co-founder Parm Dhoot is a human resources professional, tech whiz, and lifelong tinkerer with a Bachelor of Science in Business Administration and Management.
CFO and co-founder Tye Davis has an MA in Communications and prior experience as a software company’s manager of technical marketing.
Tinker Toddlers Books author and Chief Operating Officer Handeep Dhoop also helped found the company. Dhoop has a Ph.D. in chemistry. Her book discusses topics such as AI, Robotics, and Space Exploration.
Brittany Davis is the Chief Marketing Officer (CMO) and one of the founders of the company. Davis has a background in mass communication and media and is also the CEO of three other companies she founded.
Co-founder and Chief Strategy Officer Pavan Purewal is also a Lead Software Engineer having a Bachelor of Science degree in both mathematics and computer science.
Parm Dhoot Instagram Post:
MuteMe Status Before Shark Tank
This MuteMe business was started in 2020, when mute buttons on screens were a big problem. It was during the 2020 Covid19 Pandemic, and many people used to go to office meetings from home, but this online conversation is also having trouble.
Most homes aren’t quiet, and noise from outside is very annoying when people are meeting. Even though there is a “mute” button on the site where the meeting is held, there was no quick way to fix this. Live classes are also being taught to 4-year-olds through virtual talks, but kids don’t know how to mute and unmute quickly.
So MuteMe was created to fix this issue. This is a simple way to stop or unmute with just one click. The co-founders worked together to make a prototype of this product, and by October 2020, the finished version was ready.
They started their crowdfunding effort on Kickstarter in December 2020, and 2,985 backers gave them a total of $154,795 by January 2021. In January 2021, they also ran a successful crowdfunding effort on IndieGoGo, where they raised $289,075.
In May 2021, the product was sent out for the first time to 8,000 buyers. By June 2021, MuteMe was sold in more than 1000 shops across the country. By the end of June 2021, all of the pre-orders will have been met, and they will be out of stock.
Before going on Shark Tank in July 2021, a sample of a new product called MuteMe Mini was made. They started to sell and advertise this product, and it did very well for them. This company needs expert advice and money to grow, so the business owner thought that Shark could help them.
MuteMe Pitch on Shark Tank
Parm and Tye went into Shark Tank with their company MuteMe and asked for $200,000 in exchange for 10% of the business, which was worth $2 million. They did a great job of telling the shark why this product was important.
Right now, this item costs $11.62 to make and sells for $39 in stores. This sale is from their website and shows that their real sales are only $61,000. It’s been in every store for four weeks, but only 150 units have been sold.
Mark had to tell the business owner that this product is funny, but he doesn’t know how to sell it, so he is out. Kevin left this business, too.
Daymond John thought about making an offer. He offered $200,000 for a 50% stake. Even though the business owner didn’t like this deal, Daymond said that if he did this work, he should get 50% of the company.
Peter tells Kevin that he can give us Daymond, but Kevin refuses because he doesn’t like this. Lori was also let off the hook. Peter and Daymond also got out of it.
Watch the full Youtube video of the Mute Me pitch on Shark Tank:
Did MuteMe SkyRocketed After Shark Tank Appearence?
MuteMe did not get the deal in Shark Tank, and on top of that, Peter and Kevin made fun of the company’s offering a lot. On Shark Tank, this offering had become a joke.
After Shark Tank, this company started a Kickstarter effort for MuteMe Mini, its next product. The goal of this campaign was to raise $10,000, but by May 2022, 581 bakers had made $28,289 for the cause.
Since many people haven’t gotten their gifts yet, this company is taking its time sending out the goods. The Kickstarter company page says that all orders for MuteMe minis were sent out on May 1, 2022.
This gadget was shown at the 2022 International CES Tech event. On August 25, 2022, this item was at the top of the list of “New Releases in Mac Accessories” on Amazon.
