A peanut butter pump is one of the kitchen gadgets, and this gadget makes it easy to apply Peanute on sandwiches and snacks. This gadget was founded in 2017 by Andy(Andrew) Scherer, to easily apply favorite foods on sandwiches.
By June-August 2017, Andy finalized a prototype after designing and testing many prototypes.
After making this product, Andy raised $133,790 by launching a crowdfunding campaign on Indiegogo in 2019. For funding, Andy appeared on Shark Tank Season 11 Episode 7 and asked the sharks for $200,000 for 15% equity at $1.5 Million Valuation.
What Is Peanut Butter Pump?
The Peanut Butter Pump is a kitchen tool that makes it easy to apply Peanut or favorite fruits to sandwiches and snacks in an organized manner.
This pump is made from rubber and plastic material, it has a ribbon nozzle for sandwiches and a stream-style nozzle for snacks. The single pump is priced at $26.99 and the twin pack of pumps is priced at $49.99.
|Company Name||Peanut Butter Pump|
|Product||Kitchen gadgets for sandwiches and snacks|
|Asked For||$200k for 15% equity|
|Final Deal||No Deals|
|Episode (Shark Tank USA)||S11 E7|
|Air Date||Nov 10, 2019|
|Business Status||In Business|
|Headquarters||Burbank, California, United States|
|Lifetime Worth (Sales)||$1M *estimated|
|Buy and Watch||Buy Now||Amazon Prime|
Another Shark Tank Pitch
Who Is The Founder Of Peanut Butter Pump?
The Peanut Butter Pump was invented in 2017 by Andrew Scherer from Burbank, California.
Andy worked as a funds transfer for a California bank after studying MBA in Marketing from the UCLA Anderson School of Management.
He worked at an Associated Foreign Exchange for 9 years.
How Was The Shark Tank Pitch Of Peanut Butter Pump?
Andy explained his story after entering the shark tank and asked the sharks for $200k for 15% equity. He got Pre-orders from the crowdfunding campaign and the average price of the product is $27.
All the sharks refused to invest in this business. Peanut Butter Pump did not receive any funding for Shark Tank.
What Happened To Peanut Butter Pump After Shark Tank?
After Shark Tank some people ordered to use this product. Andy didn’t fulfill the pre-orders until 2022.
On June 27, 2023, Andy made an announcement on IndieGogo.
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,
What’s new on Peanut Butter Pump
Last Update: July 11, 2023
Andy has launched a new product Cordless Handheld Mixer NutterNado. This product makes it easy to mix natural peanut butter and other butter.
Peanut Butter Pump Shark Tank Update
Peanut Butter Pump did not get funding in Shark Tank but despite this, Andy got a lot of pre-orders. Even in July 2023, the crowdfunding campaign for this product is going on on Indiegogo.
We’re following Andy(Andrew) Scherer along with his company for further updates.
What Is the Net Worth of Peanut Butter Pump?
Peanut Butter Pump is a product of Peanut Butter Ventures Company and its current worth is estimated at $1 million. This company has been running since 2017, however, the information related to the growth of the company is not yet available.
Is Peanut Butter Pump Still In Business?
Andy started this business in 2017, still, Andy is running this business. In 2023, he launched a new product called NutterNado.
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.