What Happened To Peanut Butter Pump After Shark Tank?

The Peanut Butter Pump is a kitchen gadget designed to simplify applying peanut butter to sandwiches and snacks. Founded in 2017 by Andy (Andrew) Scherer, the product aims to make spreading favorite foods more convenient.

By June-August 2017, Andy had finalized the prototype after extensive design and testing. In 2019, he raised $133,790 through a crowdfunding campaign on Indiegogo.

Andy appeared on Shark Tank Season 11, Episode 7, seeking $200,000 for 15% equity at a $1.5 million valuation.

The Peanut Butter Pump is constructed from rubber and plastic and features two nozzles: a ribbon nozzle for sandwiches and a stream-style nozzle for snacks. The single pump is priced at $26.99, and a twin pack is available for $49.99.

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Who Is The Founder Of Peanut Butter Pump?

The Peanut Butter Pump was invented in 2017 by Andrew Scherer from Burbank, California.

Andy Scherer, who holds an MBA in Marketing from UCLA Anderson School of Management, previously worked as a funds transfer specialist at a California bank. He also spent nine years working at Associated Foreign Exchange.

How Was The Shark Tank Pitch Of Peanut Butter Pump?

Andy Scherer entered the Shark Tank seeking $200,000 for 15% equity in his company. He explained that he had secured pre-orders through a crowdfunding campaign and noted that the average price of the Peanut Butter Pump is $27.

Despite his pitch, all the sharks declined to invest, and the Peanut Butter Pump did not receive any funding from Shark Tank.

What Happened To Peanut Butter Pump After Shark Tank?

After appearing on Shark Tank, some people placed orders for the Peanut Butter Pump. However, Andy did not fulfill these pre-orders until 2022.

On June 27, 2023, Andy made an announcement on Indiegogo.

Dear Backers,

I hope you are all well, and enjoying the summer. I do not have pictures to send you, but I do have news:

I mentioned before that the manufacturing process for the new design is a bit different. Briefly, for the first version they designed all the pieces at once, with each of the rubber parts going through many time-consuming iterations, and then built them all at the same time to assemble. And then test for functionality, going back to make adjustments as necessary. That’s where it all got bogged down, with each adjustment provoking the need for another adjustment, too many times.

With this version they are instead building the “engine” (that’s the moving piston) first, testing it thoroughly, and then going forward, adding the simpler components around it (the tubes and lid connector) only after it’s proven to be reliable. That’s the process from my new partner, and it seems to make more sense than what I tried first.

The news is that they have been testing it thoroughly, by putting it in a testing machine. The machine is a robot that hits the plunger constantly, thousands of times. They’ve already done 3 iterations. The first time they discovered small fractures after about 3,000 hits, which wasn’t good enough. A few tweaks and it got over 5,000 hits before showing damage, and with a few design tweaks and reinforcement they are pushing over 20,000 hits and counting, without damage. (For the record these are 20K individual strokes, not 20K jars of peanut butter which would be plenty. Each jar takes about 65-70 pumps.) Having it withstand high usage is also a proxy for overall durability, to make sure it can withstand the hazards from your average delivery driver, or if it gets knocked off the counter or something. I am told that with this under their belt, the remainder will go much quicker, and I believe it will. I still don’t have a production date, but I’m confident I’ll be able to pin that down soon.

The other news is of a different type. In the past, I have mentioned peanut butter smoothies, snacks and sandwiches I’ve made while testing the sample pumps. Lately I haven’t been doing the testing I’ve wanted, but I have been compiling the best recipes to include in a cookbook when I send out the pumps. The word cookbook might give the wrong impression — more than a cookpamphlet, maybe cookchapter is about right — It’s more the type of thing that, if you bought a juicer or a toaster oven, you might get a list of ideas on how to use it. It’s focused more on easy and possibly new ways to enjoy peanut butter, not a whole compendium of peanut-butterology. Anyway, a lot of people have emailed me good ideas and flavor combinations, and it only seems fair to share them with you. I have a respectable collection already, but if you have one that is easy (no soufflés, no exotic ingredients) and you think other people might enjoy it, feel free to send it to me.

That’s all I have at the present time. As always, feel free to write me or post a comment using the links below. And, I can’t say it enough: Thank you again for being the best backer community on the planet. Best,

Andy

IndieGogo

Andy has launched a new product, the Cordless Handheld Mixer NutterNado. This device simplifies the process of mixing natural peanut butter and other types of butter.

What Is the Net Worth of Peanut Butter Pump?

The Peanut Butter Pump is a product of Peanut Butter Ventures Company, which is currently valued at approximately $1 million. The company has been operating since 2017, but detailed information about its growth is not yet available.

Andy Scherer, who started the business in 2017, continues to run it. In 2023, he launched a new product called NutterNado, a cordless handheld mixer designed for mixing natural peanut butter and other butters.

Peanut Butter Ventures is headquartered in the Greater Los Angeles Area, California, United States.

Yes, Peanut Butter Pump is still in business as of July 2023.