No, Amber is no longer in business. The phone charging station and alarm clock company shut down in 2015, not long after the Sharks passed on the pitch over specific, ultimately accurate concerns.

What happened on Shark Tank

The Sharks declined to invest, citing high manufacturing costs of roughly $1,000 per unit along with broader concerns about the product’s security and long-term viability.

Why it didn’t survive

The founders tried to salvage the business afterward by cutting costs, reducing leasing rates, and introducing a user-payment option to improve the underlying economics. None of it was enough to secure adequate clients or distribution. The company’s website went offline, its social media activity stopped, and the product disappeared from availability entirely. Amber has been defunct since 2015.

What the founders did next

As of August 2021, one founder, Kyle, was working as a Senior Product Manager at Atlassian, while the other, Bill, moved into sales at Long Home Products, a home improvement contractor.

Frequently asked questions

Did Amber get a Shark Tank deal?

No, the Sharks declined due to high manufacturing costs and viability concerns.

Why did Amber shut down?

It couldn’t secure enough clients or distribution to overcome its roughly $1,000 per-unit manufacturing cost, even after several attempts to cut costs.

What are the founders doing now?

One works as a Senior Product Manager at Atlassian; the other is in sales at a home improvement contractor.

For more Shark Tank updates, see Talmyn’s Business Case Studies desk.