Joe Moore, founder of First Defense Nasal Screens has a net worth $5 million. The company was a hit on Shark Tank and was one of the most profitable ventures to emerge. First Defense Nasal Screens have since expanded across 50 countries and announced a distribution deal with an Indian company. With this growth and continued focus on reducing air pollution, First Defense Nasal Screens net worth is projected to increase to $50 million by 2021.
Moore’s entrepreneurial vision landed him a place on the popular television show Shark Tank, where he was offered $750,000 for a 30% stake in the company and a 10-year royalty. However, he turned down the offer and instead sought a modest loan from the Sharks. Today, First Defense Nasal Screens are distributed to over 30 countries and are protected by two patents. Moore plans to continue his work with First Defense Nasal Screens to grow its net worth to $50 million in a year.
While Joe Dawson has built an empire from his venture, his net worth will increase over time. FDNS was not featured on Shark Tank, but the product has grown in popularity and the company is now valued at over $50 million. First Defense Nasal Screens has more than 20,000 employees in 50 countries today and is one of the fastest-growing startups in the world. Although the company is based in San Francisco, California (the headquarters), it is now available in more than 50 countries.
Moore’s company has received investments of $500k and has been endorsed Hollywood actors. His company has received attention from numerous media outlets, including “Shark Tank.” According to reports, the Sharks signed an $8 million purchase order with him. This required the company pay a ten per cent royalty for six years. Despite the lack of sales, the nasal screen has received a strong demand in 39 countries.
The company’s founder got his start on Shark Tank. Joe Moore, who was experiencing severe allergic reactions to his motorcycle, created the product. He evaluated several products before deciding upon the product, but ended up with one that worked. After a trial run, his invention became one of a kind. Joe Moore was determined to make his idea a global success and needed funding. Fortunately, the Sharks agreed to invest in his business, and the idea was soon a hit.
Because of its high quality, the First Defense Nasal Screen is a highly effective personal air filtration system that helps limit the number of respiratory viruses in the air. In fact, it’s so effective that it’s now even prescribed by doctors. The product is used by many people, including those with asthma and allergies. It’s also used by steel workers, construction workers, and mine workers. First Defense Nasal Screens are also beneficial for people with Multiple Chemical Sensitivity (MCS) and those with allergies.
First Defense Nasal Screens has gained popularity across the world. The product has patents in the US, Japan, and China. It has been sold to many countries in Europe, Canada, and the Middle East. First Defense Nasal Screens net value is approximately $5 million. This is indicative of the company’s international growth. This company is a great choice if you are looking for a business that has a high net worth.