Animated Lure Net Worth

Animated Lure Net Worth

The Animated Lure is a robotic fishing lure that uses sound and lifelike swimming motion to attract fish. The net worth of this new product is estimated at over $3 million. It will be featured on ABC’s “Shark Tank” on Friday. If you’re interested in learning more about the Animated Lure, keep reading.

Animated Lure is a robotic fishing lure

An Animated Lure is a robotic lure designed to catch fish. It was created by Kanz Kayfan, a 13-year-old boy with a love for fishing. The device features different “skins” to attract fish. It costs $35 for one lure and is compatible with both fresh and saltwater waters.

The Animated Lure is a new way to tackle the challenge of fishing. It works by automatically swimming once it is submerged in water for about 12 seconds. The artificially intelligent fishing lure can then lead real fish to the bait. The goal of this product is to make fishing easier and more enjoyable for fishermen. Kanz Kayfan and Sobhan Sanaee developed the Animated Lure as a way to make the fishing process more convenient. The robotic fishing lure is rechargeable and can mimic the behavior of real fish.

It is rechargeable

As of September 2022, the Animated Lure has a net worth of $5 million. It has a very unique design that resembles a real fish. When placed in water, it will swim in a realistic pattern that can last up to 10 minutes. The Animated Lure was sold on the Shark Tank for $325,000, and its founders, Sobhan Kanaee and Kanz Kayfan, will receive a percentage of the profits.

Sobhan and Kanz Kayfan presented their products to Shark in exchange for a 10% equity stake in the company. They asked Shark for $325,000 for a ten percent stake in the company and $3.25 per unit until they made a million. After reviewing their pitch, Shark agreed to invest in the company, but not without a sales report. The deal is worth $325,000 plus the price of each unit sold until they make $1 million.

It uses sound to attract fish

The Animated Lure is a new fish lure that uses sound and motion to attract fish. It is an automatic and electronic device that can mimic a frog, squid, and other creatures in the water. It has been designed and manufactured by Sobhan Sanaee and Kanz Kayfan. The duo have worked together to create a new fishing tackle that will make fishing more fun and efficient.

The sound and motion of an Animated Lure simulates the natural behavior of a real fish. It moves like a live one, and emits a sound like a squeaking tail or a random swimming pattern. Its flexible body and propellor also move according to water pressure. This action attracts fish and saves the fisherman time.

It was featured on Shark Tank

The Animated Lure company did not make it to the Shark Tank, but it has made a fortune selling directly to consumers. The company has made over $247,000 in the first part of 2020. The company has also been able to sell their products to major retailers. Although their appearance on Shark Tank was not a major financial success, it has helped them build a recognizable brand. Animated Lure plans to sell their products through various retail chains across the country.

The Animated Lure is a rechargeable robotic fish lure. The company is owned by Sobhan Kanaee and Kanz Kayfan. The company is valued at over $3 million. The two entrepreneurs want to enter the retail world by selling their products through big-box sporting goods stores.

Its founder made an offer to invest in the company

Animated Lure is a rechargeable robotic fishing lure. Founder Sobhan Kanaee and his wife Kanz Kayfan made an offer to invest in the company. They’re offering ten percent ownership in the company in return for an investment of $325,000. The founders plan to sell the lures to sporting goods stores. They’ve made $247,000 this year and are interested in getting access to large box sporting goods stores.

The founders of Animated Lure presented their product on Shark Tank, seeking an investment of $325,000 and a 10% equity stake. Animated Lure’s founder accepted the offer and secured a deal with Kevin O’Leary for $325,000 in exchange for a 10% equity stake and a three-cent royalty on each unit sold.

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