Bot-It Shark Tank – Founder, Net Worth and Investment

On a recent episode of ABC’s “Shark Tank,” Maurice Bachelor, founder of Los Angeles-based startup Bot-It, pitched his company alongside Joel Griffith, his founding partner and head of growth. The company’s core offering is a bot that automates time-consuming tasks. Bot-It also offers a pro subscription that allows people to jump online waiting lists for sneaker release draws or snag concert tickets at the moment they’re released online. The company attracted interest from billionaire sharks Michael Rubin and Mark Cuban, with Cuban ultimately offering $300,000 for a 30% equity stake and Rubin expressing interest in a partnership.

Key Takeaways:

• Bot-It is a Los Angeles-based startup that offers a bot to automate time-consuming tasks.
• The company’s founders, Maurice Bachelor and Joel Griffith, appeared on Shark Tank and attracted the interest of Mark Cuban and Michael Rubin.
• Mark Cuban ultimately offered $300,000 for a 30% equity stake in Bot-It.
• The partnership with Cuban and Rubin has provided valuable resources and funding for Bot-It’s growth.
• Bot-It aims to change the perception of bots among consumers and help individuals save time by automating tasks.

The Founders and their Vision

Bot-It was founded by Maurice Bachelor and Joel Griffith. Bachelor started the business in 2019, and Griffith joined in 2023. Both founders have experience working in major companies like TikTok, Amazon, and Snapchat.

The vision of Bot-It is to change the perception of bots among consumers and showcase that bots can be beneficial tools. They aim to help individuals automate tasks and save time.

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Key Points:

• Maurice Bachelor and Joel Griffith are the founders of Bot-It.
• Bachelor started the business in 2019, and Griffith joined in 2023.
• Both founders have experience working in companies like TikTok, Amazon, and Snapchat.
• Bot-It aims to change the perception of bots and highlight their benefits.

“We believe that bots can revolutionize how individuals approach automation and task management. Our goal is to provide users with efficient tools that simplify their lives and allow them to focus on what truly matters.”

The Shark Tank Pitch

During their Shark Tank pitch, Maurice Bachelor and Joel Griffith presented the Bot-It AI-powered software, seeking a $150,000 investment in exchange for a 10% equity stake in the company.

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With their innovative technology, Bachelor and Griffith demonstrated how Bot-It can automate a variety of online tasks, providing users with a competitive edge in industries such as sneaker releases and concert ticket purchases.

They emphasized the potential of their software in helping consumers overcome the challenges posed by bots in these competitive markets.

The Bot-It Shark Tank pitch caught the attention of billionaire investors Mark Cuban and Michael Rubin, both of whom expressed interest and made investment offers.

“The pitch by Bachelor and Griffith was impressive. Their software has immense potential in the automation market, and I believe in their vision.” – Mark Cuban

“I see significant opportunities for Bot-It’s technology. The founders have showcased their expertise and the value they can provide to users.” – Michael Rubin

This level of interest reflects the belief that Bot-It has great potential in the market.

Investment Offers

After evaluating the pitch, Mark Cuban offered $150,000 for a 20% equity stake in Bot-It, showcasing his confidence in the company’s future. Michael Rubin, also interested in collaborating with Cuban, made a joint offer.

Following negotiations and counteroffers, Cuban and Rubin agreed on a joint investment of $300,000 for a 30% equity stake in Bot-It.

This investment not only provided the necessary capital for Bot-It’s growth but also established a valuable partnership between the founders and the two billionaire sharks.

Bot-It Valuation and Equity Stake

The initial ask of $150,000 for a 10% equity stake valued Bot-It at $1.5 million. However, after accepting the joint offer from Mark Cuban and Michael Rubin, Bot-It’s valuation adjusted to $1 million.

The equity stake of the founders was diluted to 70%, with Cuban and Rubin collectively owning 30% of the company.

Not only did this investment provide the necessary funds for growth, but it also brought valuable expertise and resources to help Bot-It thrive in the market.

Investor	Investment Offer	Equity Stake
Mark Cuban	$150,000	20%
Michael Rubin	$150,000	10%
Joint Investment	$300,000	30%

The Investment Offers

During the Bot-It pitch on Shark Tank, Mark Cuban wasted no time in making an investment offer. He offered $150,000 for a 20% equity stake in the company. The seasoned entrepreneur recognized the potential of Bot-It’s innovative AI-powered software and wanted to be part of its growth.

But Cuban was not the only one interested in Bot-It. Michael Rubin, the co-founder and executive chairman of Fanatics, also expressed his desire to partner with Cuban in this investment opportunity. Rubin recognized the value that Bot-It brings to the market and saw the potential for growth.

After some negotiation and counteroffers, Cuban and Rubin arrived at a joint investment deal. They agreed to invest a total of $300,000 for a 30% equity stake in Bot-It. The founders, Maurice Bachelor and Joel Griffith, were delighted to secure this investment and partnership with two prominent figures in the business world.

The investment offers from Mark Cuban and Michael Rubin not only provide the necessary capital for Bot-It’s growth but also bring valuable expertise and connections. With this strong backing, Bot-It is well-positioned to further develop its automation software and expand its reach in the market.

Stay tuned as we delve into the success and growth of Bot-It in the following sections, exploring how this investment has catapulted the company towards even greater achievements.

Bot-It’s Success and Growth

Since securing an investment from Mark Cuban and Michael Rubin, Bot-It has experienced remarkable success and substantial growth. This partnership has provided the company with valuable resources and support to further develop and expand its business.

Shortly after the Shark Tank episode aired, Bot-It underwent a website and app redesign to enhance user experience and increase its visibility. The company’s commitment to continual improvement reflects its dedication to delivering a high-quality automation tool.

Bot-It offers various subscription plans, allowing users to automate time-consuming tasks and save valuable time. With an intuitive interface and powerful automation software, Bot-It has gained popularity among individuals looking to simplify their daily routines.

“Bot-It has truly revolutionized the way I approach online tasks. It’s incredibly efficient, and it has saved me countless hours of manual work. I highly recommend giving it a try!” – Jessica, Bot-It user

The success of Bot-It can be attributed to its strong partnership with Mark Cuban and Michael Rubin. The guidance, experience, and resources provided by these billionaire entrepreneurs have propelled Bot-It’s growth and contributed to its ongoing success in the market.

Bot-It Net Worth and Revenue

Bot-It, the innovative startup featured on Shark Tank, has an estimated net worth of $1 million. Since its inception, the company has made significant strides in generating revenue and attracting users.

The subscription model offered by Bot-It has proven successful, resulting in sales of approximately $30,000. With 350 subscribers on board, the company has built a loyal customer base that continues to grow.

This financial success has been further bolstered by the funding received from renowned investors Mark Cuban and Michael Rubin. With an investment of $300,000, Bot-It has experienced exceptional growth and development, allowing it to expand its operations and enhance its offerings.

The ongoing success of Bot-It lies not only in its revenue generation but also in its ability to attract new users. The seamless automation provided by Bot-It appeals to individuals seeking to optimize their online tasks and save valuable time.

As Bot-It continues to establish itself as a leader in the automation industry, its net worth, revenue, and funding are poised to increase even further.

Bot-It’s Ongoing Operations

Bot-It, a Los Angeles-based business specializing in AI-powered automation software, continues to operate successfully as of October 2023. The company is headquartered in Los Angeles, California, and boasts a dedicated team of 2-10 individuals managing its day-to-day operations. Leading the charge are the founders, Maurice Bachelor and Joel Griffith, who bring their expertise and vision to drive the company’s growth.

With a strong focus on innovation and user satisfaction, Bot-It remains committed to providing its customers with a reliable and efficient automation tool. The team constantly strives to enhance the software’s capabilities and user experience, ensuring that Bot-It remains at the forefront of the automation industry.

As the company expands, Bot-It maintains a customer-centric approach, adapting to evolving market needs and incorporating valuable feedback from its users. With a dedicated team and a clear mission, Bot-It is well-positioned to continue revolutionizing the automation landscape.

Bot-It’s Founders and Background

Maurice Bachelor and Joel Griffith are the visionary founders behind Bot-It. With a background in technology and business, these dynamic entrepreneurs bring a wealth of experience to their innovative startup.

Prior to launching Bot-It, Maurice Bachelor founded a successful business called SnapBatch. Through SnapBatch, Bachelor gained valuable expertise in automation and booking systems, particularly within the golf industry. His deep understanding of this technology laid the foundation for Bot-It’s cutting-edge automation software.

Joel Griffith, on the other hand, honed his skills and knowledge working in major companies like TikTok, Amazon, and Snapchat. With his background in software development and growth strategies, Griffith brings a unique perspective to Bot-It. His expertise in these areas has been instrumental in shaping the company’s success.

The combined background and expertise of Maurice Bachelor and Joel Griffith make them an unstoppable duo in the world of automation. Their passion for revolutionizing how people interact with bots has fueled the growth and success of Bot-It.

“We want to change the perception of bots among consumers and show them how these tools can be incredibly beneficial in saving time and simplifying tasks.” – Maurice Bachelor

With Bachelor’s understanding of automation systems and Griffith’s expertise in software development, Bot-It has quickly become a leading player in the industry. The founders’ shared vision and dedication are evident in the success of their innovative startup.

Conclusion

The journey of Bot-It on Shark Tank has been a remarkable success story. With its innovative AI-powered automation software, Bot-It caught the attention of billionaire investors Mark Cuban and Michael Rubin. Their partnership has provided Bot-It with invaluable resources, expertise, and funding, propelling its growth and success.

Bot-It continues to revolutionize how individuals automate online tasks and navigate the challenges posed by bots. With a growing user base and ongoing operations, the company has proven its ability to meet the needs of consumers seeking efficient and reliable automation tools.

Founders Maurice Bachelor and Joel Griffith are leading the charge, dedicated to changing the perception of bots among consumers. Their vision, combined with the support of Cuban and Rubin, has positioned Bot-It as an industry leader and a driving force in the automation landscape.

FAQ

Who are the founders of Bot-It?

The founders of Bot-It are Maurice Bachelor and Joel Griffith.

What is the vision of Bot-It?

The vision of Bot-It is to change the perception of bots among consumers and showcase that bots can be beneficial tools to help individuals automate tasks and save time.

How much equity stake did Maurice Bachelor and Joel Griffith ask for in their Shark Tank pitch?

Maurice Bachelor and Joel Griffith asked for a 10% equity stake in Bot-It.

Who showed interest in investing in Bot-It on Shark Tank?

Mark Cuban and Michael Rubin both expressed interest in investing in Bot-It.

What was Mark Cuban’s investment offer for Bot-It?

Mark Cuban offered 0,000 for a 20% equity stake in Bot-It.

What was Michael Rubin’s investment offer for Bot-It?

Michael Rubin wanted to partner with Mark Cuban in the investment and ultimately agreed to a joint investment of 0,000 for a 30% equity stake in Bot-It.

How did Bot-It redesign its website and app after appearing on Shark Tank?

After appearing on Shark Tank, Bot-It redesigned its website and app to enhance user experience and attract more customers.

What is the estimated net worth of Bot-It?

The estimated net worth of Bot-It is

FAQ

Who are the founders of Bot-It?

The founders of Bot-It are Maurice Bachelor and Joel Griffith.

What is the vision of Bot-It?

The vision of Bot-It is to change the perception of bots among consumers and showcase that bots can be beneficial tools to help individuals automate tasks and save time.

How much equity stake did Maurice Bachelor and Joel Griffith ask for in their Shark Tank pitch?

Maurice Bachelor and Joel Griffith asked for a 10% equity stake in Bot-It.

Who showed interest in investing in Bot-It on Shark Tank?

Mark Cuban and Michael Rubin both expressed interest in investing in Bot-It.

What was Mark Cuban’s investment offer for Bot-It?

Mark Cuban offered $150,000 for a 20% equity stake in Bot-It.

What was Michael Rubin’s investment offer for Bot-It?

Michael Rubin wanted to partner with Mark Cuban in the investment and ultimately agreed to a joint investment of $300,000 for a 30% equity stake in Bot-It.

How did Bot-It redesign its website and app after appearing on Shark Tank?

After appearing on Shark Tank, Bot-It redesigned its website and app to enhance user experience and attract more customers.

What is the estimated net worth of Bot-It?

The estimated net worth of Bot-It is $1 million.

How much revenue did Bot-It generate from its subscription model?

Bot-It generated approximately $30,000 in sales from 350 subscribers through its subscription model.

Is Bot-It still in business?

Yes, as of October 2023, Bot-It is still in business.

Where is Bot-It headquartered?

Bot-It is headquartered in Los Angeles, California.

How many people work at Bot-It?

Bot-It has a team of 2-10 people working on its operations.

What is the background of the founders, Maurice Bachelor and Joel Griffith?

Maurice Bachelor gained experience and expertise in automation and booking systems, particularly in the golf industry. Joel Griffith has worked in major companies like TikTok, Amazon, and Snapchat, bringing his knowledge of software and growth strategies to Bot-It.

How has the partnership with Mark Cuban and Michael Rubin benefited Bot-It?

The partnership with Mark Cuban and Michael Rubin has provided Bot-It with valuable support, resources, and funding to further develop and expand its business.

What is the goal of Bot-It?

The goal of Bot-It is to provide users with a reliable and efficient automation tool to help automate online tasks and navigate the challenges posed by bots.

million.

How much revenue did Bot-It generate from its subscription model?

Bot-It generated approximately ,000 in sales from 350 subscribers through its subscription model.

Is Bot-It still in business?

Yes, as of October 2023, Bot-It is still in business.

Where is Bot-It headquartered?

Bot-It is headquartered in Los Angeles, California.

How many people work at Bot-It?

Bot-It has a team of 2-10 people working on its operations.

What is the background of the founders, Maurice Bachelor and Joel Griffith?

Maurice Bachelor gained experience and expertise in automation and booking systems, particularly in the golf industry. Joel Griffith has worked in major companies like TikTok, Amazon, and Snapchat, bringing his knowledge of software and growth strategies to Bot-It.

How has the partnership with Mark Cuban and Michael Rubin benefited Bot-It?

The partnership with Mark Cuban and Michael Rubin has provided Bot-It with valuable support, resources, and funding to further develop and expand its business.

What is the goal of Bot-It?

The goal of Bot-It is to provide users with a reliable and efficient automation tool to help automate online tasks and navigate the challenges posed by bots.