Spatty Net Worth Shark Tank Update 2025

Have you ever tried to scrape out the last bit of lotion, makeup, or any liquid product from its bottle and felt frustrated when you couldn’t? It’s a common problem that wastes a lot of product and money. Many people face this issue daily, especially with expensive products like beauty items, creams, or sauces.

Often, a good portion of the product is left stuck at the bottom or sides of the container, out of reach. This makes you wonder if there’s a better way to use every drop of what you paid for.

Cheryl Rigdon came up with the perfect solution to this problem. She invented tiny spatulas that can easily scoop out every bit from bottles, tubes, or jars. 

Cheryl appeared on Shark Tank with her clever invention called “The Spatty” during Season 4. She aimed to impress the Sharks with her product and secure funding to grow her business. She asked for $50,000 in exchange for 40% equity in her business. Did the entrepreneur get a deal on Shark Tank? Check out our Spatty update to find out!

Spatty Net Worth Shark Tank Update 2025

Cheryl Rigdon went on Shark Tank asking for $50,000 for 40% of her company. This meant she thought her business was worth $125,000. She made a deal with Lori Greiner for $50,000 for 50%, lowering the valuation to $100,000. The episode was aired on October 5, 2012. The company continues to sell its mini spatulas and beauty tools successfully. Using the default 10% yearly growth method, the current net worth of Spatty is estimated to be around $2 million in 2025.

Cheryl’s invention became a huge success despite not securing a deal on Shark Tank. After the show aired, The Spatty received a lot of media attention, which helped Cheryl and her business immensely. By 2018, her company had sold 500,000 units and generated $2 million in lifetime sales.

Today, the Spatty remains a popular product and is available in major retail stores like Bed, Bath, and Beyond, Target, and K-Mart. It’s also sold online on platforms like Amazon, where it continues to receive positive reviews from customers. Cheryl’s innovative product has expanded into a full product line with different sizes and uses. As of today, The Spatty earns an estimated annual revenue of $1 million.

Cheryl pitched The Spatty to the Sharks, seeking $50,000 in exchange for 40% equity in her business. Unfortunately, she didn’t secure a deal. 

Shark(s) name	Lori Greiner	Counteroffer	Accepted?
Lori Griener	Out	N/A	N/A
Robert Herjavec	Out	N/A	N/A
Kevin O’Leary	Out	N/A	N/A
Daymond John	Out	N/A	N/A
Mark Cuban	Out	N/A	N/A

Spatty Shark Tank pitch

Cheryl Rigdon is a hardworking entrepreneur with a passion for creating solutions to everyday problems. She came up with the idea for The Spatty when she became frustrated while trying to get the last bit of foundation out of her makeup bottle. Instead of letting the product go to waste, she decided to design a tool that could help scoop out every drop.

Cheryl’s journey wasn’t easy. In the beginning, she only had prototypes of her product and no sales at all. She struggled with production and finding the right way to market her idea. Despite these challenges, Cheryl was determined to make her product a success and took a big step by appearing on Shark Tank to pitch her idea.

During her pitch on Shark Tank, Cheryl introduced her product, The Spatty, which was a small spatula designed to scrape out products from any container. She demonstrated how her tool worked and explained how it could save people money by allowing them to use every last bit of their products.

Cheryl’s pitch was simple and to the point. She asked for $50,000 in exchange for 40% equity in her business. She explained that her product line included two versions: the classic Spatty and the Spatty Daddy, which had a longer handle for larger bottles. Cheryl also emphasized that her product could be sold at an affordable price of $2.99 to $3.99. Keep reading our Spatty update to see what happens next!

Each Shark had questions about Cheryl’s product and her business. Here’s what they asked:

Kevin O’Leary: He asked if Cheryl had any sales or contracts with retailers. Cheryl admitted that her product was still in the prototype stage and had no sales yet.

Lori Greiner: Lori questioned the low price point of $2.99 to $3.99 and expressed concerns about how it would perform on QVC. Cheryl explained that she wanted her product to be affordable for everyone.

Daymond John: Daymond asked Cheryl about her plans for manufacturing and marketing the product. Cheryl admitted that she needed help to take her idea to the next level.

Robert Herjavec: Robert wanted to know if Cheryl had tested the market or had any proof of demand for her product. Cheryl explained that she had received positive feedback from people who saw her prototypes.

Mark Cuban: Mark asked about the effort and time required to scale the business. Cheryl acknowledged that she was still in the early stages of her journey.

Here’s how each Shark responded to Cheryl’s pitch:

Kevin O’Leary: He was the first to go out. Kevin believed that Cheryl’s business wasn’t investable because it was too early and had no sales.

Mark Cuban: Mark appreciated Cheryl’s effort but felt that the business required too much work and time to be successful. He decided to go out.

Robert Herjavec: Robert liked the idea but had serious doubts about whether the product would succeed in the market. He also went out.

Daymond John: Daymond liked Cheryl’s personality and product but thought it was too early to invest. However, he offered her two contacts to help her pursue licensing deals.

Lori Greiner: Lori saw potential in Cheryl’s product but believed it was better suited as a promotional item for makeup brands. She advised Cheryl to approach companies for licensing deals and went out.

What Went Wrong With Spatty On Shark Tank?

The main reason Cheryl didn’t secure a deal was that her business was in the very early stages. She only had prototypes of her product and no sales or contracts to show its potential. The Sharks were hesitant to invest because they felt it was too risky.

Another issue was the product’s low price point of $2.99 to $3.99. Lori Greiner believed this price was too inexpensive for platforms like QVC. The lack of a clear marketing and manufacturing plan also made the Sharks doubt whether Cheryl could scale her business successfully.

Product Availability

The Spatty is widely available today. It can be purchased from major retailers like Bed, Bath, and Beyond, Target, and K-Mart. It’s also available online on Amazon, where it continues to receive positive customer reviews.

The Spatty now comes in a variety of sizes and designs to cater to different needs. Its unique features, such as the ability to scrape out every last bit of product, make it a favorite among consumers. The pricing remains affordable, ranging from $3 to $5, depending on the size and type.

Conclusion

The Spatty’s journey on Shark Tank may not have ended with a deal, but it marked the beginning of a successful business. Cheryl’s innovative product solved a common problem and gained popularity through media attention and customer demand. Today, The Spatty is a thriving business with a strong presence in both online and offline retail markets.

Cheryl’s story is a reminder that even without a deal on Shark Tank, entrepreneurs can achieve success through determination and the right strategy. Stay tuned for more updates about The Spatty and its future growth!