Eben and his wife of 23 years reside in Solana Beach, California and they have two daughters in college. He specialized in advising professional athletes and clientele nationwide. Prior to establishing WISP Industries, Eben was a leader in the Financial Advisory business for 18 years. The WISP® is now recognized as an officially top-rated product on QVC, the miniWISP was voted “Top 10 Coolest Products” at the gold industry show in 2011, Real Simple magazine picked WISP® and the Number One Tool to Simplify Your Life, and the WISP Cleaning Set was recently featured on Good Morning America’s “Deal and Steal” must-have products for house and home. Prompted to find out why the answer became simple: it cleaned their floors and carpets like nothing else! Eben’s “lightbulb moment” propelled the start of the home and commercial version of the WISP® brand. As these WISPS® started disappearing from the courses it was discovered they were being taken home for personal use. The WISP® is that solution an etiquette tool that gently sifts the sand past the canopy, restoring the green back to its original condition, leaving it better for the following group(s). Frustrated by sand on the green interfering with his putt, Dobson envisioned a tool with an innovative type of bristle that could quickly and thoroughly remove debris. Never did he think his greatest invention would stem from a simpler, more effective way to clean greens. Dobson’s life experiences have inadvertently led him to create the WISPsystem®, a revolutionary alternative to the broom and dustpan.Įben (a competitive scratch golfer) has learned a myriad of lessons from the golf course. He saw a need to pursue something as simple as the broom and make it better. Although others may see the broom and dustpan as mundane, Dobson does not. Like many ambitious businessmen, competitive athletes, and entrepreneurs, Eben Dobson has pushed himself to turn the ordinary into the extraordinary. With no sharks left willing to make an offer, the entrepreneur left the tank without a deal.Richard and Joe welcomed three entrepreneurs, Eben Dobson founder and CEO of WISP Industries, and Cary Subel and Alaey Kumar, co-founders of SafeSleeve to tell their stories of how they started and grew their own successful companies.Įben Dobson is the CEO and founder of WISP® Industries, Inc., a brand that is revolutionizing the way we clean our homes and businesses. The entrepreneur accepted but, rather than accepting congratulations from Kevin, he continued speaking with Lori about bringing her in on the deal and Kevin rescinded his offer. Wonderfull offered $500,000 for 50% of the business if the entrepreneur could make it work with his other investors. The entrepreneur admitted that Wisp Industries also carries another $250,000 of structured debt.īecause of the financial condition of the business most of the sharks dropped out. Kevin estimated that this put the business $2,100,000 in debt. The entrepreneur claims that the business, despite this capital, only has $50,000 left in the bank. In the six years since launching the business, the company has raised $2,500,000 from twenty-two investors. According to the entrepreneur, this has happened several times and is looking for a shark to help him manage the boom and bust cycles. However, the product cooled off before the inventory could sell through. This is because in the previous year, the product went viral and brought in 110 million views and they company did not have enough inventory on hand to respond. The business currently has $300,000 of inventory on hand. In the company's six year lifetime, it has grossed $3,300,000 in total sales. However, they lost $600,000 after that revenue, primarily assigning the cause to revenue sharing appearances on some kind of sales show where they lost money even after the sales. In the previous year, Wisp Industries made $1,430,000 in gross sales. Naturally, all of this is covered by a series of design and utility patents.Įach Wisp broom and dustpan combination costs $17 per unit to manufacture and retails for $29.95. And, when those bristles capture cobwebs or other hard to remove detritus, the bristles can be cleaned with a swipe against the side of the dustpan. Rather than long bristles, the Wisp product features short bristles to provide a "seal" against the floor and the dustpan can be easily maneuvered with a person's foot so that a person need not bend over much less perch on ones knees like a fucking servant. And to that end, this San Marcos, CA, based company has re-invented the boom to capture even the finest grains of dirt and the dustpan to be manageable without having to bend over. Do you think traditional brooms and dustpans aren't getting the job done? The people at Wisp Industries sure don't think so.
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