Woosh Smart Air Filter Shark Tank Episode 4 Update & Net Worth
Woosh Smart Air Filter Shark Tank Episode 14 Update & Net Worth Winston Mok, the founder of Woosh, appeared on Shark Tank Season 14, Episode 4, seeking $500,000 for 10% equity for his smart air filter company. His goal was to offer a solution to poor air quality with a smart filtration system that integrates…
Woosh Smart Air Filter Shark Tank Episode 14 Update & Net Worth
Winston Mok, the founder of Woosh, appeared on Shark Tank Season 14, Episode 4, seeking $500,000 for 10% equity for his smart air filter company. His goal was to offer a solution to poor air quality with a smart filtration system that integrates with home HVAC systems.
After a compelling pitch, Winston secured a deal with Kevin O’Leary, who offered $500,000 for 10% equity plus a $0.50 royalty on each unit sold.
At the time of the pitch, Woosh was pre-revenue, which raised concerns among the sharks. However, Winston revealed a strategic partnership with Emerson, which piqued Kevin O’Leary’s interest.
With Kevin’s help, Woosh has positioned itself for growth in the air filtration market. As of 2024, Woosh’s net worth is estimated at $200,000.
What is Woosh? How Does it Work?
Woosh is a smart air filter system that integrates with home HVAC units to purify the air in the entire house. Unlike traditional air purifiers, which only clean the air in specific rooms, Woosh filters the air flowing through the entire home. It combines a reusable plastic frame and high-efficiency filters with smart sensors that monitor air quality in real time.
The smart sensors can connect to Wi-Fi, enabling users to receive notifications through an app when it’s time to replace their filters.
The MERV 13-rated filters meet the CDC and EPA guidelines to mitigate airborne particles, including pollutants, allergens, and even COVID-19 particles. The system also integrates with Nest or Ecobee Smart Thermostats to circulate clean air when poor air quality is detected.
Woosh Smart Air Filter Shark Tank Episode 14 Season 14: What Happened at Shark Tank Pitch?
In Season 14, Episode 4, Winston Mok presented his Woosh smart air filter to the sharks, seeking $500,000 for 10% equity. During the pitch, Winston demonstrated how the product functions by integrating with existing HVAC systems to provide whole-house air purification.
The sharks were initially hesitant when Winston revealed that the company was pre-revenue. However, he managed to keep them interested by disclosing a partnership with Emerson, which planned to combine Woosh with a smart thermostat.
Winston also shared that the Woosh air filter system retails for $99, with replacement filters priced at $20 each, and the company enjoys a 33% margin on each unit.
Kevin O’Leary was intrigued by the potential but wanted a better deal, initially offering $500,000 for 15% equity along with a $0.50 per unit royalty. After some negotiation, Winston countered with 10% equity plus the $0.50 royalty, and Kevin accepted the deal.
Woosh Shark Tank Pitch Summary
Company Name | Woosh Air |
Founder | Winston Mok |
Product | Smart air filters for whole-house air purification |
Amount Asked For | $500,000 for 10% equity |
Final Deal | $500,000 for 10% equity + $0.50 royalty on each unit |
Investor | Kevin O’Leary |
Season & Episode | Season 14, Episode 4 |
Lifetime Sales | Pre-revenue at the time of Shark Tank |
Business Status | In Business |
Current Net Worth | $200,000 estimated |
What Happened To Woosh After Shark Tank?
After securing a deal with Kevin O’Leary, Woosh received a significant boost in exposure, thanks to the national broadcast on Shark Tank. The company immediately began implementing strategies to capitalize on the momentum, including further development of the product and expansion into larger markets.
In the months following the show, Woosh participated in TechCrunch Disrupt 2022, where they showcased their smart air filters to a broader audience, including industry leaders and potential partners.
The company also increased its production capabilities, and all their products quickly sold out by August 2023. However, some Kickstarter backers had not yet received their orders, indicating ongoing efforts to streamline manufacturing and logistics.
How Much Is Woosh Worth?
As of 2024, Woosh is estimated to have a net worth of $200,000. The company is still relatively young and is in the process of scaling production, improving logistics, and expanding its customer base.
The investment from Kevin O’Leary and the exposure from Shark Tank have positioned Woosh for continued growth, and it is expected to launch new products to complement its smart air filter system.
The global air filtration market continues to grow, driven by concerns about air quality, which could further boost Woosh’s value as it expands into new markets.
Is Woosh Still In Business?
Yes, Woosh is still in business as of April 2024. The company is actively working to fulfill orders and improve its supply chain after selling out its inventory in 2023. Woosh remains focused on expanding its smart air filtration system and developing new products that integrate with smart home technology.
The company’s smart filters are available for pre-order on their website and Kickstarter, and they continue to raise awareness about the importance of indoor air quality through various marketing channels and events like TechCrunch Disrupt.
Which Episode Number was Woosh Shark Tank?
Woosh Smart Air Filters appeared on Shark Tank Season 14, Episode 4, which aired on October 14, 2022. During the episode, Winston Mok successfully secured a deal with Kevin O’Leary for $500,000 in exchange for 10% equity and a $0.50 royalty per unit sold.
The exposure from the show helped Woosh gain traction in the air filtration industry, positioning the company for future growth and expansion.