Waiting at a doctor’s office can be boring and frustrating. Most people sit in the waiting room with nothing to do, making the experience feel even longer. Kevin Flannery wanted to change this by creating WiSpots, a wireless touchscreen system designed to keep patients entertained while they waited.
WiSpots was more than just for entertainment. It also displayed health information and advertisements, making it useful for doctors and advertisers. Kevin believed this technology could improve the waiting room experience while also benefiting healthcare providers.
To grow his business, Kevin went on Shark Tank and asked for $1.2 million for 10% equity. He needed funding and business advice to expand his company nationwide. Did the entrepreneur get a deal on Shark Tank? Check out our WiSpots update to find out!
WiSpots Net Worth Shark Tank Update 2025
Scott Adams went on Shark Tank asking for $1,200,000 for 10% of his company. This meant he thought his business was worth $12,000,000. He did not make a deal with any Shark. The episode was aired on August 9, 2009. The company ceased operations after the founder’s passing. The current net worth of Wispots is $0 in 2025.
After appearing on Shark Tank, Kevin continued working on his business. However, he faced many challenges in growing WiSpots.One major change was that he rebranded the company as WiFiciency and expanded its services. The company started offering Voice recognition technology, Electronic health record (EHR) integration, and Advertising solutions for medical offices.
Even with these improvements, WiFiciency struggled to grow. The business relied on medical offices buying or leasing the systems, but many doctors were hesitant. The cost of making and maintaining the devices was also very high, making expansion difficult.
To keep the business going, WiFiciency merged with Worthington Healthcare Corporation. Later, it transformed again into AIRwave Medical Solutions Inc. But despite these efforts, the business eventually shut down. As of today, WiSpots (WiFiciency/AIRwave Medical) is no longer in business.
No, Kevin Flannery did not get a deal on Shark Tank. He asked for $1.2 million for 10% equity, giving his company a $12 million valuation. The Sharks did not believe the business model or valuation made sense. None of them made an offer.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | 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 |
| Kevin Harrington | Out | N/A | N/A |
WiSpots Shark Tank pitch
Kevin Flannery had a strong background in wireless technology and business. Before starting WiSpots, he spent over 20 years in the telecom industry. He was also a United States Marine.
Kevin was very passionate about using technology to improve patient experiences. He invested $550,000 of his own money to develop WiSpots and was determined to make it a success.
Despite financial struggles, he believed WiSpots could help patients, doctors, and advertisers by offering an engaging and informative platform.
Kevin entered the Shark Tank with confidence and introduced WiSpots as a solution for boring waiting rooms. He explained that WiSpots kept patients entertained with touchscreens.
It provides health information and education to patients and allows medical offices to generate extra revenue through advertising. It also helped doctors communicate better with their patients. Kevin believed WiSpots could be in every healthcare office across the country. He then made his offer: $1.2 million for 10% equity, valuing the company at $12 million.
The Sharks had many questions about the business.
Kevin O’Leary wanted to know, “How does this make money?” Kevin Flannery explained that WiSpots would make money from medical offices paying subscription fees and advertisers paying for space on the screens. O’Leary was not convinced that advertisers would pay enough to make the business profitable.
Robert Herjavec asked if patients would actually use WiSpots. Since most people already carry smartphones, he thought they would prefer using their own devices instead of WiSpots kiosks. Kevin argued that WiSpots had health-specific content that was more useful than regular internet browsing, but Robert was still doubtful.
Barbara Corcoran asked how much it cost to make a WiSpots unit. Kevin admitted the cost was high but believed subscription and advertising revenue would cover it. Barbara thought the high cost was a big problem and believed it would make expansion difficult.
Daymond John questioned the $12 million valuation. When Kevin shared the company’s revenue numbers, the Sharks felt they were too low to justify the high valuation. Daymond thought Kevin was asking for too much money without enough proof that the business was successful.
Kevin Harrington, who specialized in direct marketing, did not think WiSpots was a strong advertising platform. He felt that advertisers would rather use Google and Facebook ads, which were more effective and had a larger audience. Because of this, Harrington also decided not to invest.
After discussing the business, all five Sharks declined to invest.
Kevin O’Leary didn’t believe in the revenue model.
Robert Herjavec thought patients wouldn’t use it.
Barbara Corcoran said production costs were too high.
Daymond John thought the valuation was too high.
Kevin Harrington didn’t see strong advertising potential.
Since none of the Sharks made an offer, Kevin left without a deal.
What Went Wrong With WiSpots on Shark Tank?
Several problems made it difficult for WiSpots to get a deal: The business model was unclear. The Sharks didn’t see a reliable way for WiSpots to make money. The valuation was too high. A $12 million valuation didn’t make sense with the company’s limited revenue. Technology was changing. More people had smartphones, making touchscreen kiosks less useful.
Production costs were too high. Manufacturing and maintaining the kiosks were expensive. Advertisers had better options. Platforms like Google and Facebook offered more targeted and cost-effective advertising.
Product Availability
The product is no longer available. After the show, Kevin Flannery tried to grow the business. He started a new company called WiFiciency. This company offered more services for healthcare. But it also did not succeed. By 2012, WiFiciency went out of business. Today, neither WiSpots nor WiFiciency is operating. The products are not available for purchase.
Conclusion
WiSpots was an interesting idea, but the Sharks did not believe in the business model. Kevin Flannery did not get a deal, and even after rebranding and merging with other companies, the business eventually shut down.
This Shark Tank pitch shows that even a great idea needs a strong business model, realistic valuation, and a clear strategy to succeed.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.
