Wispots is a wireless tab that is available in the patient center of the Doctor’s Office. Its users can access the Internet, read mail, play games, and take other educational information. Kevin Flannery appeared on Shark Tank Season 1 Episode 1 with this device and asked the sharks for $1.2 million for 10% equity at a $12 million valuation.
After a long conversation, Barbara, Kevin, Robert, Diamond, and Kevin Harrington refused to invest in this business. Flannery had to leave the Shark Tank show.
What Is Wispots?
Wispots is an interactive telehealth device that helps keep patients entertained and simplify their work. To avoid patient boredom in the doctor’s office, this device can be used to play games, read mail, and many more.
The cost of each device is $9,000 which is very expensive.
|Interactive Tele-Health Patient Center
|$1.2M for 10% equity
|Episode (Shark Tank USA)
|Aug 9th, 2009
|Out of Business
|Myrtle Beach, South Carolina, USA
|Lifetime Worth (Sales)
|Buy and Watch
Another Shark Tank Pitch
Who Is The Founder Of Wispots?
The Founder and CEO of Wispots Business is Kevin Flannery. After studying electrical engineering at the College of Engineering, UMass Amherst worked at a large company and started a business called Wireless Management Solutions in 1999.
How Was The Shark Tank Pitch Of Wispots?
Kevin Flannery asked the sharks for $1.2m for 10% equity after entering the Shark Tank. Flannery had invested a total of $550,000 in this business since 2002.
All the sharks refused to invest in this business because according to them this business is not scalable.
What Happened To Wispots After Shark Tank?
Wispots didn’t get the deal in Shark Tank. All the sharks refused to invest in this business. After this episode aired, many distribution companies contacted Flannery to sell this product.
A few years later, Wispots merged with Worthington Healthcare Corporation. After this, they started a new company Wificiency, which provides healthcare-oriented software solutions.
Kevin Flannery’s LinkedIn shows that he has not been associated with this business since 2012. So right now Flannery is working on TelSmart EV charging business.
Wispots Shark Tank Update
Even after Wispots did not get the deal in Shark Tank, many distributors were interested in this product and it also generated a lot of sales for them. It appears to have gone out of business now.
What Is Wispots Net Worth?
Wispots’s net worth is estimated at $0 million. This business is not active right now, hence it is impossible to estimate the net worth of this business. Many people come to Shark Tank to ask for investment but only a few of them can become successful.
Is Wispots Still In Business?
Flannery is currently self-employed and has been working on TelSmart EV charging for quite some time and hopes to be able to build a better business in the future.
No, Wispots is Out of Business.
frequently asked questions
Who founded Wispots?
Wispots was founded by Darren Johnson.
Did Wispots get a deal on Shark Tank?
No, Wispots did not get the deal in Shark Tank.