Doug Foreman hopes to butter up the Sharks with Biem (pronounced BEAM), his patent pending kitchen tool that sprays butter. Foreman got tooled up to produce Biem back in April, 2016 when he raised $235,000 in a Kickstarter campaign. Foreman founded Beanitos and Guiltless Gourmet, 2 lines of healthy chips and dips before starting Biem.
The product is patent pending and it turns a solid stick of butter into a liquid spray in seconds. It uses no chemicals or propellants and it sprays butter for perfect grilled cheese and popcorn. It allows for portion control while cooking and liquefies butter without scorching. It operates on a rechargeable battery that's refrigerator safe.
The Kickstarter ended in April, but no units have been delivered yet. The Kickstarter says their September shipping goal was “slightly off.” The delays aren't anything Foreman seems too concerned about and he's moving forward with selling on a pre-order basis on his website. It looks like it's going to sell for about $130.
Foreman likely wants a Shark's help with production issues and with mass retail. Will one of the Sharks invest in liquid butter?
Biem Shark Tank Recap
Doug will pitch the panel of five Sharks on the business and its prospects for growth. He’ll need to convince Mark Cuban, Daymond John, Kevin O’Leary, Lori Grenier, and Robert Herjavec that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards." A full pitch re-cap on Biem will be available on Shark Tank Blog once this episode airs.
Biem Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Biem and Doug Foreman as more details become available.