Tyler Peoples faced a big problem in kitchens. Many tools were needed for cooking. There were bowls, strainers, and spatulas. This made cooking and cleaning hard. Tyler thought of a solution. He created a special bowl. This bowl could do many tasks. It could wash, strain, mix, and serve. It saved time and space. Tyler wanted to share this idea.
He went to Shark Tank to ask for help. He asked for $75,000 for 25% of his business. Will the entrepreneur get a deal on Shark Tank? Check out the Peoples Design update!
Peoples Design Net Worth Shark Tank Update 2025
Tyler Peoples asked for a $75,000 investment in exchange for 25% equity in his company, Peoples Design, valuing it at $300,000. He made a deal with Lori Greiner for $75,000 in exchange for 33% equity, adjusting the company’s valuation to approximately $227,000. After the show aired, Peoples Design saw a big increase in website traffic, sales, and social media exposure. However, despite generating around $500,000 in revenue over two years, the company ceased operations in 2018. Today, Peoples Design is no longer in business, resulting in a net worth of $0.
Following the performance the firm altered its name. It turned into the Squeebie Versatile Mixing Bowl. Tyler struck a bargain with Lori Greiner. She consented to invest $75,000 for a 33% stake in the company. Thanks to her assistance the product performed strongly in sales. It generated approximately $500,000 in revenue.
Nonetheless, after two years the company ceased operations. It closed in 2018. The item is no longer available for purchase on QVC or any other site. Tyler has departed from the company. He currently serves as a catering manager.
Yes the company got a deal on Shark Tank. Tyler asked for $75,000 for 25% of his business. After he pitched his idea Lori Greiner made an offer. She offered $75,000 for 33% of the business. Tyler took the deal. He was happy to have Lori’s support. She promised to help the product grow. She had connections to retail stores like QVC and Bed Bath & Beyond.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | $75,000 for 33% equity | N/A | Yes |
| Daymond John | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
Peoples Design Shark Tank pitch
Tyler Peoples came up with an original concept. He aimed to simplify the process of cooking. As an executive chef, he utilized various kitchen tools. He noticed the issue in the kitchen. There were excessive tools available for use. Cleaning them all required time. Thus he came up with an innovative tool. This instrument would merge numerous functions into a single one.
He put in a lot of effort to create the Scooping Bowl. It was capable of washing, straining, and mixing simultaneously. Tyler aimed to assist individuals in the kitchen. He also had a fervor for helping others. He dedicated time to serving as a mission worker. He provided food for the underprivileged. This motivated him to continue developing his concept. Tyler encountered numerous difficulties while developing the product.
He needed to discover the appropriate design. It was challenging to get the product perfectly right. He required financial support to develop the product. However, Tyler refused to quit. He continued to move ahead. He wished to convey his concept to the globe.
Tyler stepped into Shark Tank with a distinct objective. He sought $75,000 in exchange for a 25% stake in his business. He was prepared to present his product. He described the operation of the Scooping Bowl. The bowl could clean, filter, blend, and present. It transformed the kitchen completely. Tyler mentioned it conserved time and space. It simplified the process of cooking.
The item featured a silicone blade. This tool served as both a scraper and a dryer. It included an egg separator as well. Tyler mentioned that the bowl might assist with fruits and vegetables. It was safeguarded by a patent. Tyler informed the Sharks that the bowl had a price of $24.95. The cost of production was $5.80. Tyler had sold just 200 units up to this point. He thought that with a Shark’s assistance, he could increase his sales.
He aimed to demonstrate to the world the bowl’s usefulness. Tyler’s tale motivated the Sharks. He put in a lot of effort to create the product. He possessed experience as an executive chef. However certain Sharks were skeptical about the product’s potential sales. They were uncertain whether it was suitable for retail shops.
The Sharks posed numerous inquiries. They were curious about how the product functioned. Mark Cuban was the initial speaker. He stated that his preferred kitchen gadget was the phone. He enjoyed using it to request takeout. He did not envision himself utilizing the Scooping Bowl. He didn’t believe it would succeed. Thus Mark was the initial Shark to exit. Then Robert Herjavec addressed the audience.
He mentioned he didn’t believe the product would perform well in shops. He did not provide any suggestions. He simply stated that he was unavailable. Daymond John similarly declined the offer.
He believed the market was packed with cooking utensils. He didn’t think the product would be noticeable. Kevin O’Leary did not extend an offer. However, he provided guidance. He mentioned that Lori might assist Tyler. He believed she was the perfect Shark for the task. At last Lori Greiner spoke up. She stated that she loved the product. She believed it possessed significant potential.
She proposed $75,000 in exchange for 33% ownership. Tyler felt thrilled. He was not prepared for such a compelling proposition. However, he paused. He inquired whether Lori might entertain a royalty arrangement. He recommended $1 for each bowl. Lori paid close attention. She mentioned that she favored equity. She clarified that introducing a product involved significant effort.
She wished to participate in the business. Tyler considered it and agreed to the proposal. He felt grateful for Lori’s support.
The Sharks responded differently to the product. Mark Cuban did not believe that the Scooping Bowl suited him well. He liked to order food using his phone rather than cooking with a bowl. He was the initial Shark to leave. Robert Herjavec doubted that the product would thrive in retail. He did not present an offer. Daymond John has also departed. He believed there were excessively numerous kitchen gadgets available in the market.
He didn’t think the product would be distinctive. Kevin O’Leary did not provide financial backing. However, he stated that Lori was the ideal Shark for Tyler. He believed she could assist in the product’s growth. Lori Greiner was the final Shark to share her thoughts. She adored the item. She recognized its potential. She proposed $75,000 for a 33% stake. Tyler felt pleased to learn about her proposal.
At first, he showed reluctance. He aimed to establish a royalty agreement. However, Lori clarified that equity was preferable. Tyler grasped and agreed to her proposal. He exited Shark Tank with an agreement.
What Went Wrong With Peoples Design On Shark Tank?
Not every Shark believed the product would thrive. Mark Cuban didn’t recognize the worth of the Scooping Bowl. He favored takeout over preparing meals. He didn’t believe it was a product he would utilize. Thus he was the first one to go. Robert Herjavec likewise believed the product lacked potential. He was not convinced it would perform well in shops.
Daymond John believed that the market was already saturated with kitchen tools. He believed there wasn’t room for an additional product. Kevin O’Leary chose not to present an offer. However, he believed Lori was the ideal candidate for the position. Although other Sharks turned him down, Tyler secured an agreement with Lori.
Product Availability
The Scooping Bowl is no longer available. After its brief success, the company rebranded. It became the Squeebie Multi-Purpose Mixing Bowl. The product was sold on QVC and other retail stores. It made $500,000 in sales over two years. However, after 2018 the company stopped. The product was no longer sold. It wasn’t available on QVC or other stores. The company’s website was also inactive. There was no sign of the product in the market.
Conclusion
Tyler’s journey with the Scooping Bowl was full of ups and downs. He pitched his product on Shark Tank. He got a deal with Lori Greiner. She helped the product gain exposure on QVC. The product made sales but didn’t last. The company stopped in 2018. Tyler moved on and now works as a catering manager.
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.
