Biem

device that converts a stick of butter into a butter spray

BiemDidn't CloseFood & BeverageTXS8E4

Pitch Details

Season / Episode

S8E4

Oct 14, 2016

Ask

$500,000

for 5%

Ask Valuation

$10M

Deal

$500,000

for 14%

Watch the Pitch

Deal Terms

Amount$500,000
Equity14%
Valuation$3.6M
Lori GreinerLori Greiner

What Happened Next

Deal Fell Through

Lori Greiner backed out — no working prototype available during due diligence

Operating
0
  • The deal with Lori fell through.
  • Biem had a whole lot of angry Kickstarter backers.
  • The first version didn't work, so they made a Biem 2.0 and the backers had bad things to say.
  • The Better Business Bureau investigated complaints.

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