Peanut Butter Pump

peanut butter pumpAndy Scherer seeks an investor for the Peanut Butter Pump, his kitchen gadget that “makes peanut butter better,” in Shark Tank episode 1109. Scherer invented the product after losing his job in the financial services industry in 2016. He went home that day and made a peanut butter sandwich and realized there was a better way to dispense his favorite food.

Thus the Peanut Butter Pump was born. Scherer got the idea rolling with a successful IndieGoGo Campaign that raised $133,790 in April, 2019. To date, he has not delivered product. As of October, 2019, he hasn't even made the finished product yet. At that time, he was off to Taiwan to sign off on the final prototype and begin production on the finished units. He also has a second invention called the Nutternado that's in “Pre-order” status.

The pump itself is food grade plastic and silicon. It's designed to screw onto “most standard 40 oz jars, including the following brands*: Skippy, Jif, Kroger, Great Value (Walmart), Market Pantry (Target), and Kirkland (Costco).”. As product is dispensed through either the stream or wide surface nozzle, the pumping mechanism actually scrapes the inside of the jar so there's no waste. Each pump of the oversized plunger dispenses about 3 tsp. By pumping peanut butter instead of spreading it, you don' mass up the bread. Now you can just pump it onto a piece of bread and enjoy. It even works on crunchy peanut butter! The whole unit comes apart for cleaning too.

Scherer is all in on this product. He says he'll even sell his house to get it off the ground. He needs a Shark's help with manufacturing and cash flow. Will a Shark “cover the spread” on this opportunity?

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Posts about Peanut Butter Pump on Shark Tank Blog

The Peanut Butter Pump Pumps it Up

Peanut Butter Pump Shark Tank Recap

Andy will pitch the panel of five Sharks on the business and its prospects for growth. He'll need to convince Mark Cuban, Kevin O’Leary, Lori Greiner, Robert Herjavec and Daymond John 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 Peanut Butter Pump will be available on Shark Tank Blog once this episode airs.

Peanut Butter Pump 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 Peanut Butter Pump & Andy Scherer as more details become available.

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