Lyle Schuette Gets a Shark Tank Update
Lyle Schuette, a Derby businessman, has developed an invention that could save families of four money on their heating bill during the wintertime. His product, Heat Helper, captures heat from clothes dryer exhaust and expel it back through your home – saving energy and money in the process!
It works like a dryer vent hose attachment that filters out lint and dust from your clothes before redirecting it back into your house, thus cutting energy costs by up to 80%. Families claim they save an average of $180 annually in heating bills thanks to this device.
When he pitches his Heat Helper product on Shark Tank, he hopes one of the sharks will strike a deal and become part of his business venture. Furthermore, he wants to be able to bring Heat Helper into market part-time so he doesn’t have to devote all his efforts into it full-time.
The sharks liked his idea and believed he could be successful with it, but they weren’t willing to invest in him. Daymond John, Mark Cuban, Barbara Corcoran and Robert Herjavec all expressed concerns about the product due to its potential risk of misuse; they believed someone working on such a project 24 hours a day for seven days wouldn’t do any good.
He had sold around 680 units through his website, with reports of its effectiveness helping many people. It has earned a good reputation and can be found at Lowe’s and Walmart stores nationwide. All his stock sold before the episode aired, so it can be safely said that this venture has been a success.
Another product featured on “Shark Tank” was Tipsy Elves, a company selling holiday-themed clothing. Initially only selling Christmas sweaters, their line has since expanded to encompass items for various holidays. When Robert Herjavec saw potential in Tipsy Elves, he invested and has seen it blossom into a $125 million company.
His other product, Pure Ayre, was rejected by several sharks but Mitchell worked tirelessly to make it successful. He claims that Walgreens wanted to terminate their agreement with him but he persisted anyway and now boasts a $5 million-a-year business that provides enough revenue for him to live off of.
On Season 2, James Martin pitched Copa Di Vino, a patented single-serve wine container to the sharks. Unfortunately, he wasn’t successful in persuading any of them that investing would be wise. Although he tried his best to sell his wine through “Shark Tank”, that wasn’t possible either.
Bruce Gaither appeared on the show to sell his No Fly Cone, a discreet pest-catching system. While he did an effective job of selling his product, it wasn’t suitable for the sharks as they felt that his target audience – families with children – was too close to what they were looking for.