Smart Plate Net Worth 2021
SmartPlate Net Worth 2021
The SmartPlate net worth has reached over $1 million. This gadget measures food and can be purchased online or via a subscription service. The company has been in business since 2013 and has secured funding for the company from investors, including Bed Bath & Beyond, Jet, and Target. However, there are critics who claim that the device is a gimmick.
Plate Topper generates an estimated net worth of over $1 Million
Michael Tseng is the inventor of the Plate Topper, an invention that saves consumers time and money. The product is microwave safe and can be stored inside one another, freeing up valuable counter space. Michael Tseng’s idea originated in college while he was finishing his PhD. He had seen a suction plate and microwave plate cover and thought that he could create something better. He explained the benefits of the product and why it was a better option than a traditional food container or plastic wrap.
Michael’s pitch lasted nearly two hours. It was the longest pitch in the history of Shark Tank. Lori Greiner eventually offered him $90,000 in exchange for a 8% equity stake. Michael was reluctant to accept this deal, but eventually agreed to take it. While the Shark Tank appearance didn’t bring in any funding, it did increase Plate Topper’s sales.
While the Sharks were impressed with the Plate Topper concept, the valuation of the company remained an issue. The Sharks were unsure of the valuation at first, as Michael was unwilling to divulge a magic number. After discussing the valuation with his brother, Tsung hoped to land a deal of over $1 Million in 2021.
It was available online from Amazon until 2021
The idea of SmartPlate was born out of a long-term reading of health books. Specifically, he was influenced by the book The China Study by Dr. Colin Campbell, which reveals the importance of proper nutrition in improving health. In the book, Dr. Campbell points out that proper nutrition can be the key to a longer and healthier life.
The SmartPlate connects to an app on your smartphone to analyze the foods you eat, providing accurate measurements of the nutrients found in those foods. Elite athletes and coaches use the device to help them get the right nutritional balance. It recognizes single and combined foods and uses an algorithm to analyze each one.
It’s a food weighing gadget
The smart plate weighs your food by using three mini cameras, similar to those found on a smartphone. These cameras help it identify the food with 99% accuracy. The plate will then weigh each piece and send the information to an accompanying app. The app will analyze the data and provide nutritional information for each serving. It will also determine the percentage of each food. In addition, you can customize the smart plate to fit your diet goals.
The SmartPlate is a Wi-Fi connected plate that measures food’s calories, nutritional value, and chewing speed. It also logs your meals automatically for up to a year. It can also be linked to other wearables. Using the smart plate, you’ll know exactly what you’re consuming and how much of each type contains what nutrients.
The SmartPlate analyzes food within seconds and sends its results to a smartphone app. The app also displays the food’s macronutrient content in an easy-to-read format. You’ll be notified if you’re consuming too much of any type of food, or if you’re eating too little. The data will also be stored in your journal. You can also integrate the data from SmartPlate with other fitness apps, such as MyFitnessPal or FitBit.
It offers a subscription service
The company that created SmartPlate has raised $1.2 million on its Indiegogo crowdfunding campaign, but the product may not be available until November 2021. The subscription service will cost $149 for the plate plus $29 per month for the SmartPlate app. SmartPlate will also be sold for $348 for a yearly subscription with a free plate. The company also plans to release the SmartPlate in three different colors this year.
The SmartPlate app pairs with the countertop device to analyze your food and calculate the nutrients in it. This helps you stay on track of your daily macronutrient intake. You can also set a goal to track specific nutrients in a meal. The app provides feedback, notifications, and alerts so that you can adjust your diet to achieve your goals.
The company has built the best food classifier in the industry and has validated its accuracy. It is backed by two issued patents, two utility patents, and one design patent. The company also has four non-provisional patents pending. With all of these patents, the company hopes to help you reach your health goals faster.