Shark Tank Bot-It, a software application founded by Maurice Bachelor and Joel Griffith, telecasted Shark Tank USA in 2023 on Season 15. The founder was seeking $150,000 for 10% equity. However, they secured a deal with Mark Cuban and Michael Rubin, $300,000 for 30% equity. In this article, we will explore Bot-It Net Worth in 2024, its Shark Tank pitch summary, and more.
Bot-It Net Worth
As of April 2024, Bot-It‘s net worth is estimated at $1 million, and its annual revenue was $30,000 in 2023.
| Net worth | $1 million *estimated |
| Annual Sales Revenue | $30,000 (2023) |
| Profits | Not Available |
| Lifetime sales | Not Available |
| Employees | 2-10 employees |
Bot-It Net Worth Timeline
| Net Worth 2024 | $1 million |
| Net Worth 2023 | $0.8 million |
| Net Worth 2022 | $0.5 million |
Shark Tank Bot-It Update from Season 15
Maurice Bachelor and Joel Griffith, creators of Bot-It, pitched their app on Shark Tank Season 15. The founders were seeking $150,000 for 10% equity, valuing their company at $1.5 million. They explained how their app helps with online tasks like booking reservations and purchasing.
Also, their app uses reservations for concert tickets or tables at top restaurants. It acts like a robot online, repeatedly trying until it is successful. Their top-performing bot is for booking golf tee times online. It ranks as the number one search result for “golf tee time bot” on Google. Additionally, the company has partnered with Turkey’s most oversized shipping and logistics firm.
During his appearance on Shark Tank, guest Shark Michael Rubin expressed worries about their impact on limited-edition collectibles. Maurice Bachelor assured him that Bot-It was designed to avoid detection. However, they adhere to all standard automation practices. Michael Rubin was keen to talk about sales, and Joel mentioned that they operate on a subscription basis.
Also, Griffith revealed that Bot-It made over $30,000 in sales in just three months. They have around 350 subscribers who pay between $40 and $300, but the frequency of payments wasn’t specified. They offer additional customer options, like having the bot attempt reservations more frequently for an extra cost.
Kevin O’Leary said that using bots is becoming a moral concern in society and feels like cheating. Despite this, Mark Cuban offered $150,000 for a 20% stake in Bot-It. Then guest shark Michael asked to partner with Mark, but Mark declined. However, Michael offered $150,000 for a 15% stake.
Barbara Corcoran opted out to avoid competing with Mark and Michael. Lori Greiner also declined, citing her lack of understanding of the market. She advised them to make a quick decision. Kevin O’Leary declined, citing moral concerns about investing in bots.
Then, Maurice suggested $300,000 for a 20% stake, but Michael warned they might lose the deal. Maurice then offered $500,000 for a 25% stake, but the sharks were frustrated with the changing numbers. Joel proposed $300,000 for a 25% stake, but Michael and Mark suggested $300,000 for a 30% share, valuing the company at $1 million. After some hesitation, Maurice and Joel agreed to the deal.
| Company Name | Bot-It |
| Founders | Maurice Bachelor and Joel Griffith |
| Business | Bot-It serves as a robust automation tool designed to save money, cut down on labor expenses, enhance compliance, and boost productivity |
| Episode | Season 15, Episode 03 |
| Asked Deal | $150,000 for 10% equity |
| Final Deal | $300,000 for 30% equity |
| Sharks | Mark Cuban and Michael Rubin |
| Business Status | In Business |
| Company Website | Visit Website |
| Headquarter | Los Angeles, California, United States |
What Happened to Bot-It after Shark Tank?
As of April 2024, the Bot-It is still in business. After their Shark Tank appearance, Maurice Bachelor and Joel Griffith focused on making Bot-It more accessible. Within two weeks of the episode airing, Bot-It gained over 200 new subscribers, increasing interest in the startup’s services. Bot-It provides four pricing options to suit different preferences.
The Standard subscription costs $9.99 monthly, while the Standard Plus subscription , the most popular choice, is $25.00 monthly. For those looking for better value, the Pro subscription is available for $99.99 annually, and the premium option, Pro Plus, costs $275.00 per year. However, each subscription offers different benefits.
Depending on your subscription, it lets users make more bots. Pro and Pro Plus allow up to 10 bots, while a lower subscription allows only five. Exclusive prebuilt bots like cancellation, camping, and restaurant reservation bots are available only in higher subscriptions. Subscribers to these subscription models also get “1-on-1 phone support” for personalized assistance.
Regardless of the subscription, all subscribers can create custom bots and access golf tee time, tennis, and pickleball bots. Email support is included in all subscriptions to ensure timely assistance and support.
The company claims it saved clients over 35,000 minutes by automating 20,000 tasks. Its primary use is for golf tee times. Although the company only made about $30,000 in revenue, Joel and Maurice believe it could grow into a big business.To discover how to automate aspects of your life, visit the Bot-It website now.
Bot-It Founders
Maurice Bachelor and Joel Griffith are the founders of Bot-It, which started in December 2019 and Griffith joined in February 2023. The founders are both passionate golfers living in Los Angeles. They faced challenges booking tee times during the pandemic, which led them to start Bot-It.
Joel Griffith and Maurice Bachelor are successful black entrepreneurs making waves in the tech industry. Griffith has a background working with major tech companies like Snapchat, TikTok, LinkedIn, and Amazon. Bachelor founded Clear Anesthesia, a surgical care company, while also serving as CEO of Bachelor Investment Group. In 2013, he started SnapBatch, a startup and he later sold it.
After a car accident nearly ended his career, Maurice teamed up with Joel to create Bot-It while in the hospital. Maurice handles the technical aspects, while Joel leads digital marketing efforts. Together, they formed a strong team and secured a spot on Shark Tank due to the booming AI industry. Two billionaires vied for a deal and ultimately joined forces with them. But now, Joel Griffith isn’t part of it anymore and works as a Senior Key Account Executive at LinkedIn.
Bot-It Achievements and Awards
| Year | Achievements and Awards |
| 2023 | The company was featured on Shark Tank Season 15 and got the deal from Mark Cuban and Michael Rubin |
Conclusion
Shark Tank is a TV show that showcases different business ideas and helps them succeed. Bot-It was one of the products featured in the show. They made a deal with Mark Cuban and Michael Rubin, showing that success is possible with the right idea and execution. Now, we eagerly await to see how their success story unfolds in the future.
Before you leave, check out the other company updates in Season 15, Episode 03.
