Grypmat Net Worth Shark Tank Update 2025

Tom Burden was a mechanic who struggled to keep his tools from slipping while working on aircraft. Tools sliding off uneven surfaces made his job harder and more dangerous. Tom wanted a solution to keep his tools in place. This problem led him to invent Grypmat. Grypmat is a flexible tool mat that grips surfaces and holds tools even at sharp angles.

Tom introduced Grypmat on Shark Tank in Season 9. He asked the sharks for $200000 in exchange for 10 % equity. His product caught the attention of all the sharks. Will the entrepreneur get a deal on Shark Tank? Check out The Grypmat update to find out!

Grypmat Net Worth Shark Tank Update 2025

Tom Burden asked for a $200k investment in exchange for 10% equity in his company. This meant he valued his company at $2 million. He made a deal with Lori Greiner, Richard Branson, and Mark Cuban for $360k in exchange for 30% equity in his company. This new deal valued his company at $1.2 million. After the show aired, Grypmat saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Grypmat is about $2.79 million.

After appearing on Shark Tank Grypmat achieved great success. The deal with Lori Richard and Mark went through and the sharks helped the company grow. Grypmat gained attention from customers around the world and quickly sold out its inventory after the episode aired. The sharks played a key role in helping Grypmat expand internationally.

Grypmat products became available in popular stores like NAPA Auto Parts and on its official website. Tom also worked with the Air Force and secured a big partnership which increased Grypmat’s success. In 2019 Grypmat moved all sales online. This change was suggested by Richard Branson. The decision turned out to be very helpful during the COVID-19 pandemic when retail sales dropped. Grypmat also released smaller versions of its product to reach home mechanics.

In terms of a Grypmat update, Yes Grypmat got a deal on Shark Tank. Tom Burden originally asked for $200000 for 10 % equity in his company. Several sharks made offers. In the end, Tom made a deal with Lori Greiner, Richard Branson, and Mark Cuban. They offered $360,000 in exchange for 30 % equity. Tom accepted this offer and the deal was finalized after the show.

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Sir Richard Branson	#1 $400,000 for 40% equity( with Robert) #2 $200,000 for 15% equity	$360,000 for 30% equity	Yes
Lori Greiner	$200,000 for 20% equity	$360,000 for 30% equity	Yes
Robert Herjavec	#1 $400,000 for 40% equity( with Robert) #2 $200,000 for 15% equity	N/A	N/A
Daymond John	#1$200,000 for 25% equity #2 $200,000 for 20% equity #3 $200,000 for 15% equity	N/A	N/A
Mark Cuban	$200,000 for 20% equity(with lori)	$360,000 for 30% equity	Yes

Grypmat Shark Tank pitch

As a mechanic, Tom Burden frequently worked on airplanes. He fought to prevent his tools from slipping and tripping on uneven ground. His work became slow and tedious as a result. Tom searched for a remedy, but he was unable to locate a useful product.

Tom made the decision to come up with his own solution. Grypmat was created by him. Grypmat is composed of a unique substance that adheres to surfaces and secures instruments even at sharp angles. The issue that Tom a mechanic had to deal with on a daily basis was resolved by his invention.

Tom had a difficult voyage. He put a lot of effort into creating Grypmat. To ensure the mat was sturdy and dependable, he experimented with various materials. Raising funds to launch the company presented further difficulties for him. Tom spent years working on Grypmat before he brought it to Shark Tank.

Tom Burden walked into Shark Tank with confidence. He was looking for $200000 for 10 % equity in Grypmat.

He began his pitch with a demonstration. He placed a Grypmat loaded with tools on the nose of an airplane. The tools stayed in place even on the curved surface. This showed the sharks how useful Grypmat could be.

Tom explained the features of Grypmat. It is a flexible non-slip mat that can grip any surface. It holds tools securely even at a 70-degree angle. This is especially helpful for mechanics working on aircraft or machinery. Tom also shared sales numbers. In just 10 months Grypmat had sold 10000 units. This brought in $400,000 in revenue. Out of this profit ranged between $150000 and $200000.

Grypmat was already selling through its website on Amazon and at trade shows. Tom said he wanted the investment to expand inventory. This would lower production costs and help the company grow. The sharks were impressed. Daymond John was the first to make an offer. He offered $200,000 for 25 % equity. Later he lowered his offer to $200,000 for 20 % equity. Robert Herjavec and Richard Branson teamed up for their offer.

They proposed $400,000 for 40 % equity. Howeve,r Tom was hesitant to give up so much of his company. Richard then made a separate offer. He offered $200000 for 15 % equity. Robert and Daymond matched this offer. Lori Greiner and Mark Cuban also showed interest. They offered $200000 for 20 % equity. Tom countered with a new proposal. He asked Lori Mark and Richard to join together. He offered them $360000 for 30 % equity. They accepted this deal.

Regarding Grypmat the sharks had a lot of questions. They were curious as to whether it was really unique. According to Tom, a unique silicone substance is used to make Grypmat. It is long-lasting, heat-resistant, and cleans easily. It differs from other items because of these properties. Richard Branson was curious about the figures. He enquired about earnings and sales.

Tom revealed that in just ten months, Grypmat had generated $400,000. Between $150,000 and $200,000 was the profit. Regarding the target market, Mark Cuban enquired. Tom claimed that airplane mechanics would love Grypmat. He did, however, also wish to enter the automobile sector.

Robert Herjavec wanted to know what Tom would do with the money. Tom clarified that he required funds to purchase inventory. He would be able to reduce production expenses as a result. Lori Greiner enquired about Grypmat’s patent status. Tom attested to the product’s patent status. The sharks were reassured by this that it was special.

The sharks also talked about growing the company. They enquired about Grypmat’s potential for success in retail settings. Tom thought it may. He did, however, also wish to increase internet sales. The sharks valued Tom’s commitment. They appreciated that he had already made sales to aircraft firms and NASA. This demonstrated the effectiveness of Grypmat.

Grypmat made an impression on the sharks. The first to make an offer was Daymond John. He made an offer of $200,000 for 25% equity. He subsequently changed his offer to $200,000 for 20% stock. Richard Branson and Robert Herjavec collaborated on their proposition. They offered $400,000 in exchange for 40% equity. But Tom thought this was excessive.

Then Richard Branson offered himself. He made an offer of $200,000 for 15% stock. This offer was matched by Robert and Daymond. Mark Cuban and Lori Greiner made an offer of $200,000 for 20% stock. Tom made a counterproposal. He invited Richard and Lori Mark to work together. He suggested $360000 for 30% ownership. All three sharks agreed. This deal allowed Tom to keep two-thirds of his company while gaining valuable partners.

What Went Wrong With Grypmat On Shark Tank?

Grypmat had a strong pitch and secured a deal. However, not all sharks were fully convinced. Daymond John and Robert Herjavec both expressed concerns about equity. They believed Grypmat required more resources than Tom expected. Mark Cuban and Lori Greiner were unsure if the product would sell in retail stores. They felt online sales might be better. Despite these concerns, Tom impressed the sharks with his dedication and sales numbers. This helped him close a deal with Lori Richard and Mark.

Product Availability

Grypmat is a non-slip mat made for mechanics. It grips surfaces like metal and wood. It holds tools securely even at sharp angles. The mat is flexible, lightweight, and easy to clean .Grypmat comes in different sizes. Smaller versions are available for home mechanics. This makes it useful for both professionals and hobbyists. You can buy Grypmat on its website and on Amazon.

It is also sold in stores like NAPA Auto Parts. Prices vary based on size and type. During the COVID-19 pandemic, Grypmat shifted to online sales. This helped the company stay strong during tough times.

Conclusion

Grypmat’s journey on Shark Tank was a success. Tom Burden impressed the sharks with his pitch and product. He made a deal with Lori Greiner, Richard Branson, and Mark Cuban for $360000.After Shark Tank Grypmat continued to grow. The company partnered with the Air Force and expanded its market. Today Grypmat generates around $2 million in revenue each year .Tom’s dedication and hard work have made Grypmat a thriving business. We look forward to seeing where Grypmat goes next.