Garrett Gee approached Shark Tank with an original concept. He developed a mobile application named Scan. This application reads QR codes and barcodes. Businesses utilize these codes to engage with clients.
It connects individuals to websites and social networks. It also provides promotional codes and additional offers. Garrett sought $1,000,000 from the sharks for 5% equity in his business. Will the entrepreneur get a deal on Shark Tank? Check out the Scan update to find out!
Scan App Net Worth Shark Tank Update 2025
Garrett Gee went on Shark Tank asking for $1,000,000 for 5% of his company. This meant he thought his business was worth $20,000,000. He did not make a deal with any Shark. The episode was aired on October 11, 2013. The QR and barcode scanning app was later acquired by Snap Inc. in 2014 for $54 million. The brand was discontinued, so the current net worth of Scan App as an independent company is $0 in 2025.
In 2014 Garrett sold his tech to Snapchat. The agreement was valued at $54 million. Following this the app integrated into Snapchat’s functionalities. Currently, Scan is not accessible as an independent application. Garrett pursued different opportunities. He journeyed around the globe with his family. In 2024 Scan’s technology continues to exist via Snapchat. The business is no longer operating. Nonetheless, its effect is still experienced.
Garrett did not get a deal on Shark Tank. He asked for $1,000,000 for 5% equity. The sharks thought the valuation was too high. They also felt the app could be copied. Garrett left without funding. Despite this, he found success outside the tank.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Scan App Shark Tank pitch
Garrett Gee aimed to simplify the use of QR codes. He observed enterprises facing difficulties with outdated equipment. QR codes can connect customers to various functions. Garrett aimed to enhance this procedure. He put in a lot of effort to develop the Scan app. It was easy to use. Garrett encountered numerous obstacles. Developing the application required time and financial resources.
Persuading companies to adopt Scan was challenging. A lot of people believed QR codes had no value. Garrett also needed to vie against bigger corporations. Certain companies imitated his concept. This made it even more challenging to be noticeable. Garrett had faith in his product. He collaborated with a tiny group. They evaluated the app and resolved issues.
Gradually companies started to recognize its worth. Garrett’s perseverance yielded results. When he appeared on Shark Tank Scan had reached millions of downloads.
Garrett showcased Scan App on Shark Tank. He demonstrated how the application operates. Users use their phone to scan a QR code. The code connects to websites, advertisements, and social networks. Garrett clarified that companies are charged a monthly fee to utilize the service. The app had previously generated $30,000 monthly during its beta testing phase.
Garrett requested $1,000,000 in exchange for a 5% stake. He assessed his business at $20 million. The sharks were taken aback. They inquired about numerous aspects of the app and its statistics. Garrett mentioned that the app received one download every second. He additionally indicated that more than 27 million scans were conducted in a single month.
The sharks remained unconvinced. They believed the assessment was excessive. Garrett also noted that Scan had secured $9 million from additional investors. This caused the sharks to wonder why he required their funds.
The sharks inquired about Scan’s characteristics. They were curious about how it varied from other applications. Garrett stated that Scan offered additional features and was simpler to operate. He mentioned that other apps did not perform effectively.
Daymond John inquired about the earnings. Garrett disclosed the figures. He mentioned that the app was generating $30,000 each month during beta testing. Kevin O’Leary questioned the valuation. He requested Garrett to clarify why the company had a value of $20 million.
Robert Herjavec inquired whether the app could be replicated. Garrett acknowledged that it could be true. Lori Greiner doubted the demand in the market. She believed QR codes were not widely used. Mark Cuban inquired about the prospects of technology. He believed sensors could take the place of scanners.
The sharks provided varied responses. Lori mentioned that technology was not her field of expertise. She stepped outside. Robert believed the concept was simple to replicate. He also stepped outside. Kevin questioned the assessment and the associated risks. He also went out.
Daymond believed that Garrett did not require the sharks’ funds. He was amazed by the app’s success but chose to decline. Mark believed the future lay in sensors rather than scanners. He exited last. Garrett departed without an agreement.
What Went Wrong With Scan On Shark Tank?
The sharks had several concerns. First, they thought the valuation was too high. Garrett valued the company at $20 million. The sharks did not agree. Second, they felt the app could be copied. This made it a risky investment. Some sharks did not understand the market. Lori admitted she was not familiar with tech. She went out for this reason. Mark believed scanners were outdated.
He saw more potential in sensors. Kevin felt the risk was too high. He was not willing to invest. Garrett’s pitch was strong. However, the doubts of the sharks kept them from making a deal.
Product Availability
The scan was a mobile app for scanning QR codes. It had many features. Businesses could create custom QR codes. Customers scanned these codes to access links. The app was easy to use. The scan was available on app stores. Users could download it for free. Businesses paid monthly fees for advanced features. Pricing varied based on the services offered.
After Shark Tank Garrett sold Scan to Snapchat. The app became part of Snapchat’s tools. Today Scan is no longer available. However, its features live on through Snapchat’s platform. Garrett’s innovation made a lasting impact.
Conclusion
Garrett Gee’s experience on Shark Tank was distinctive. He did not secure an agreement. Nonetheless, his achievements did not stop there. He sold Scan to Snapchat for $54 million. This represented a significant accomplishment. The sharks lost a valuable chance. Scan’s narrative demonstrates the significance of creativity. Garrett demonstrated that hard work yields rewards. The business may no longer exist yet its influence persists.
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.
