Bot-It After Shark Tank Update: Time-saving automation is bowing down to artificial intelligence in today’s fast-paced world. You can use Bot-It, a web-based program, to program automated reminders and reservation-making routines.
Joel Griffith and Maurice Bachelor, the company’s founders, presented their software to Shark Tank investors Mark Cuban and Michael Rubin, who ultimately invested in the company.
The projected value of Bot-It in the year 2023 is one million dollars.
What Is Bot-It?
Bot-IT is a program that helps you schedule appointments, buy tickets, make reservations, play golf, and more online.
Using this program, even those who aren’t technologically adept can create reminder and ticket-booking bots.
Who Is The Founder Of Bot-It?
In tech, two proud black entrepreneurs, Joel Griffith and Maurice Bachelor, are making waves.
When they walked into the Tank, it was clear that they had been working in industry for some time.
Griffith has collaborated on many popular apps and websites, including LinkedIn, Amazon, and Snapchat.
While serving as Bachelor Investment Group’s CEO, Bachelor founded Clear Anesthesia to provide surgical care. He also launched a company in 2013 called SnapBatch, which he ultimately decided to sell.
Maurice’s vehicle accident, which occurred while climbing the corporate ladder, almost blew up his career.
He spent a lot of time in the hospital. While Maurice was in the hospital, he worked with Joel on the software that became known as Bot-It.
Know About the Bot-It Shark Tank Update
Following acquiring funds from Shark Tank, Bot-IT received significant exposure, distributing information about the business to a wide audience. Certain consumers will subscribe to this service to carry out their daily roles.
Bot-It Shark Tank Update
|Founder||Joel Griffith and Maurice Bachelor|
|Asked For||$150k for 10% equity|
|Final Deal||$300k for 30% equity|
|Bot-It Shark Tank Episode||S15 E3|
|Shark||Mark Cuban and Michael Rubin|
|Air Date||Oct 13, 2023|
|Business Status||In Business|
|Headquarters||Los Angeles, California, USA|
|Bot-It Net Worth||$30k Estimated|
|Bot-It Instagram||View Profile|
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Bot-It on Shark Tank Pitch
Joel Griffith and Maurice Bachelor requested the sharks $150,000 for a 10% stake in their technology company after entering the Tank. They explained their AI-based business concept to the Sharks.
The subscription-based company launched three months before Shark Tank and has grossed $30,000 from 350 subscribers.
Mark declined Michael Rubin’s offer to make this agreement.
Only Michael Rubin offered $150k for 15% stock. Founder demands $300k for a 20% stake from Michael and Mark.
The Founder countered $500k for 25% equity. Put up $300k and get 25% ownership of your company.
Mark and Michael offered $300k for 30% equity. In return, the Founder offered $300k for 20% equity.
The offer of $300k in exchange for 30% stock was accepted by Joel and Maurice.
Bot-It After Shark Tank
Prior to competing in the competition, Joel and Maurice formed a partnership with a prominent Turkish shipping logistics company.
They anticipate having more than 1,500 paying customers by the end of 2023.
They should be able to easily achieve this goal because of the exposure they received on Shark Tank.
Closing the deal with Cuban and Rubin is expected to take place within the next three months. If, for some reason, the agreement doesn’t go through, they should have little trouble finding new investors to fund the project.
The startup claims to have automated over 20,000 tasks, saving customers over 35,000 minutes. At the moment, golf tee times are its most common application.
Despite Bot-It’s lowly $30,000 in annual income, co-founders Joel and Maurice are positive about the company’s future. Bot-It, in contrast to many of the companies seen on Shark Tank, can expand rapidly despite operating in a highly competitive industry.
Bot-It Net Worth
The estimated net worth of Bot is $1 million. As technology advances, more enterprises resembling artificial intelligence are emerging, and we may expect even more businesses to be established in the future.
Is Bot-It Still In Business?
As of October 2023, Bot-It is actually still working. The bot-IT enterprise was established in late 2019 and immediately climbed to become the top-ranked “golf tee time bot” on Google shortly after its launch.
This software company employs two to ten individuals and has its headquarters in Los Angeles, California, in the United States.
Maurice Bachelor and Joel Griffith created Bot-It.
The Bot-It Net Worth is estimated to be $1,000,000 USD.
Yes, Bot-It is still in business.
In an episode of “Shark Tank,” the company Bot-IT secured investments from Mark Cuban and Michael Rubin.
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