MuteMe – Illuminated Mute Button On Shark Tank Season 13
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MuteMe – Illuminated Mute Button On Shark Tank
MuteMe is an illuminated mute button designed to help users easily control their mute status during video or audio calls. The button provides visual feedback to indicate whether the user is muted or unmuted, reducing the common problem of speaking while muted or accidentally leaving the microphone on. Summary:
- Company Name: MuteMe
- Founders: Parm Dhoot, Tye Davis
- Founded: 2020
- Product: Illuminated mute button
- Asked For: $200K for 10% equity
- Final Deal: No deal
- Season/Episode (Shark Tank USA): Season 13, Episode 2
- Business Status: In Business
- Headquarters: Houston, Texas, USA
- Lifetime Worth (Sales): Estimated $300K
- Investors: None
- Go To Amazon: Buy Now
- Watch On: Amazon Prime
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Description
MuteMe – Illuminated Mute Button On Shark Tank Season 13
Here is a summary of what happened to MuteMe, the illuminated mute button company, when they appeared on Shark Tank Season 13:
MuteMe on Shark Tank
- Entrepreneurs: Paramveer “Parm” Dhoot and Tye Davis
- Product: MuteMe, a USB-connected and illuminated hardware mute button to quickly mute conference calls
- Ask: $200,000 for a 20% equity stake
- Pitch: Dhoot and Davis pitched MuteMe as a solution to the common problem of forgetting to mute oneself during video calls, especially with the rise of remote work during the COVID-19 pandemic.
- Shark Reactions: The Sharks were initially interested in the product concept, but had concerns about the high manufacturing cost ($11.66 per unit) and retail price ($39.95). They were also skeptical about the company’s poor sales performance, with only 150 units sold in Staples stores over 4 weeks.
- Deals Offered: Daymond John offered $200,000 for a 50% stake, but later withdrew the offer. No other Sharks made a deal.
MuteMe After Shark Tank
- Continued Operations: Despite not securing a deal on Shark Tank, MuteMe continued operating and growing its business.
- Product Expansion: The company introduced a smaller and more affordable version called the MuteMe Mini, priced at $19.99.
- Sales Growth: MuteMe reported over $1 million in sales in 2022, about 19 months after their Shark Tank appearance. As of 2023, their lifetime sales have doubled to over $2 million.
- Challenges: MuteMe faced supply chain issues and chip shortages, which caused delays in product deliveries. They had to program their own chips and manually install them to overcome these challenges.
- Current Status: MuteMe is still in business and continues to sell its illuminated mute button products, including the original model and the MuteMe Mini, through its own website and on Amazon.
