Michael Schiavone faced a common issue many people have. He drank coffee with caffeine and felt jittery. This made him think about creating a product to help people test the caffeine in their drinks. He came up with the Caffeindicator. The Caffeindicator is a test strip that helps people see if a beverage contains caffeine. This is helpful for people who need to avoid caffeine for health reasons.
It also helps people who simply want to know what they are drinking. Michael brought this idea to Shark Tank to get funding. He asked for $200,000 for 25% of his company. Will the entrepreneur get a deal on Shark Tank? Check out the Caffeindicator update to find out!
Caffeindicator Net Worth Shark Tank Update 2025
Adam Hausman and Steve Silvers went on Shark Tank asking for $200,000 for 25% of their company. This meant they thought their business was worth $800,000. They did not make a deal with any Shark. The episode was aired on August 9, 2009. The product did not gain traction and the company shut down. The current net worth of Caffeindicator is $0 in 2025.
After appearing on Shark Tank, Michael Schiavone hoped the Caffeindicator would become a big hit. He had a deal with Kevin Harrington for $200,000 in exchange for 50% of the company. However, the deal never went through. The Caffeindicator did not become widely available. Michael stopped talking about the product after a while. The excitement around it died down. It seems that Caffeindicator is no longer in business today.
Yes Michael Schiavone did get a deal on Shark Tank. Kevin Harrington offered $200,000 for 50% equity in the company. Michael agreed to the deal. Kevin was interested in the idea but only if Michael could secure a deal with one of the big sweetener companies. This deal was meant to help the product succeed in the market. However, the deal did not go through. The Caffeindicator never gained the traction Michael hoped for.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Daymond John | Out | N/A | N/A |
| Robert Herjavec | $200,000 for 60% equity | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin Harrington | $200,000 for 50% equity | N/A | Yes |
Caffeindicator Shark Tank pitch
Michael Schiavone was motivated to develop the Caffeindicator after feeling the impact of caffeine personally. He had once unknowingly consumed caffeinated coffee and experienced the adverse effects. This experience made him understand that numerous individuals encounter the same issue. Certain individuals need to steer clear of caffeine for health concerns.
Some people simply want to learn what they are consuming. Michael aimed to assist people in steering clear of unexpected outcomes with their beverages. During the initial phases of product development, Michael encountered numerous obstacles. He needed to determine how to ensure the test strip functioned properly. It needed to be simple to operate and cost-effective to manufacture.
Michael understood that the product would only thrive if it could be manufactured in large quantities at a low expense. He also needed to identify the appropriate partners to assist him in bringing the product to the market. The difficulty lay in ensuring that individuals would be inclined to utilize it. He had to discover a method to place the product into people’s hands and make it a regular item for daily use.
Michael showcased his product assertively on Shark Tank. He described the Caffeindicator as a testing strip capable of identifying caffeine in beverages. He demonstrated to the Sharks how simple it was to utilize. He also noted that it might be shared with others in an enjoyable manner. Michael emphasized that the product was beneficial for individuals who had to steer clear of caffeine for health purposes.
He also highlighted that it was enjoyable and engaging for those who enjoyed sharing their discoveries with friends. Michael discussed the possibilities of the market. He aimed to access a $500 million market and expand it further. He mentioned that the Caffeindicator could effectively collaborate with current sweetener companies. This might create opportunities for the product and support its quicker growth.
Michael’s presentation was straightforward. He requested $200,000 in return for 25% ownership of the business. He was convinced that this agreement would assist him in advancing the product.
The Sharks were intrigued by the product. They posed multiple questions to Michael regarding its functionality. Kevin O’Leary emphasized that the success of the Caffeindicator would rely on its ability to secure support from major sweetener companies. These businesses had to determine how the Caffeindicator would enhance their sales. Michael consented.
He was convinced that if a major corporation backed the product, it could become successful. Robert Herjavec inquired about the cost of manufacturing per unit. Michael stated that the price would decrease considerably when they manufactured the item in high quantities. This confirmed to the Sharks that the product could become reasonably priced. Robert also questioned whether including the test strip in sweetener packets would increase the price.
Michael guaranteed him that it wouldn’t. The price of the strip was minimal and would not impact the cost of the sweetener packets. The Sharks inquired about the rivalry as well. Barbara Corcoran believed that individuals weren’t interested enough in caffeine levels in their beverages to require the caffeine indicator.
She also thought that sweetener companies would have to invest heavily in advertising to ensure the product’s success. Due to these factors, she chose to make an investment. Daymond John shared comparable worries and similarly left school.
The Sharks experienced varied responses. Kevin O’Leary thought that the Caffeindicator could thrive if backed by a major sweetener firm. Nonetheless, he did not propose an agreement. Barbara Corcoran and Daymond John showed no interest in making an investment. They believed that the product’s market was too limited and that persuading sweetener companies to participate would be challenging.
Robert Herjavec found the concept interesting and presented a proposal. He proposed $200,000 in exchange for 60% ownership. Nonetheless, he emphasized that the arrangement would only succeed if Michael managed to obtain a contract with a major sweetener firm. This would be essential for the product’s success. Michael was uncertain about relinquishing 60% of the business yet he found the proposal appealing.
Kevin Harrington additionally presented a proposal. He proposed $200,000 for 50% equity under the same terms as Robert’s proposal. Michael pondered it and chose to agree to Kevin’s offer. He believed that Kevin’s proposal was the most favorable choice for his business at that moment.
What Went Wrong With Caffeindicator On Shark Tank?
The main problem with the Caffeindicator was that it never secured a deal with one of the big sweetener companies. Without their support, the product struggled to gain traction in the market. Michael also had a difficult time generating enough excitement around the product. The buzz that followed the appearance on Shark Tank quickly faded.
The Caffeindicator was not able to live up to the expectations Michael had set. It seems that the Sharks were right to be cautious. Without the backing of the sweetener companies, the Caffeindicator could not succeed.
Product Availability
The Caffeindicator was not widely available after its appearance on Shark Tank. It had a brief moment of attention when it was featured in health and food magazines. However, after the initial excitement, the product faded from the public eye. It was never sold in large quantities and was not available in many stores. The product could have been sold online but it seems that Michael did not have the resources to make that happen. The Caffeindicator was never officially launched as a successful product.
Conclusion
The Caffeindicator had a lot of potential but ultimately did not succeed. Michael Schiavone had a great idea, but struggled to turn it into a thriving business. Despite getting a deal on Shark Tank the product never gained the traction it needed. Michael’s experience with the Caffeindicator shows that even with a great idea, success is not guaranteed. The business did not survive and is no longer in operation.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
