Pet Paint Net Worth 2022
Abe Geary, Founder and CEO of Pet Paint, Has a Net Worth of $240,000
Abe Geary is the founder and CEO of Pet Paint and has committed $240,000 to the venture. His inventory is worth approximately $200,000, and he has also invested $240,000 in the company. While the company has not yet received venture capital, he has received offers from several investors, including Shark Tank’s Kevin O’Leary.
Abe Geary is the founder and CEO of Pet Paint
Abe Geary, the founder and CEO of Pet Paint, has become a household name in the pet industry. A graduate of Moorpark College in California, he studied business and marketing. He went on to work for Morton Karr’s new development department before deciding to start his own business. Geary’s passion for animals and a passion for design led him to create a product that would make pets look gorgeous.
Abe Geary conceived of the PetPaint company to make pet costumes a more fun and enjoyable experience for dog owners. Geary realized that most dogs are not thrilled with sewn costumes, and so began to research and develop a pet body paint that could be used on dogs. This revolutionary product is safe for dogs, and has been approved by animal organizations for its low toxicity.
He has invested $240,000 in the company
Abe Geary has invested $240,000 into his pet-coloring venture. The company’s founder aims to change the way people celebrate dog holidays. Abe Geary attended Moorpark College from 1995 to 2000, majoring in marketing. He then worked at Morton Karrs new-development department, where he learned the ins and outs of entrepreneurship. In his spare time, Geary writes and plays guitar.
Geary approached his new product-centric venture with a service-based background. To become successful, he had to understand how to service multiple clients for a very low cost. To do this, he sought help from Dave Powell, a small business development counselor at EDC-VC. Powell advised him on how to develop his business plan.
He has declined a Shark deal
In an episode of Shark Tank aired in 2010, Abe Geary, owner of Creative Displays, presented his new company Pet Paint to the panel. He asked for a $200,000 investment and 20% ownership. In exchange for the deal, he wanted access to national stores to sell his products. But the Sharks were not interested.
Ultimately, the Sharks declined the deal, citing the high cost of production and poor customer service. While PetPaint has been doing poorly online, its retail stores are doing well. Abe wants to focus on retail stores as much as possible, but Lori is concerned about the massive inventory. She recommends waiting until there are sales to order more product, but there is no way to know how long that will take.
Geary initially invested $240,000 into his company’s preliminary research. While he focused on making sure his product was safe for dogs, he also held a full-time job. Ultimately, the Sharks passed on the deal, but Geary and his team continued to build their brand. The company has since achieved $1 million in sales and is growing.