Biem (pronounced BEAM) is a device that turns a stick of butter into a spray in seconds. The inventor behind the kitchen marvel is Doug Foreman of Austin, Texas. He pitched his product, which uses a rechargable battery and can be stored in the refrigerator, on Shark Tank in October 2016.
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The Sharks were impressed with Foreman’s resume — he founded the bean-based snack food company Beanitos. Foreman went into the Tank seeking an investment of $500,000 in exchange for five percent equity. On Shark Tank, Foreman made a deal with fellow inventor Lori Greiner — $500,000 in exchange for 14 percent.
After Shark Tank, there is not much news reported on the Biem social media accounts since July 2017. The $129 product is listed as available on the website for pre-order but there is no indication regarding expected delivery. According to the Better Business Bureau, the organization received “a persistent pattern of complaints” regarding the product and the company (Brevda) not fulfilling refund requests. BBB reports it received a statement from Dan Greiner, COO of Lori Greiner Companies: “Lori Griener has no affiliation with this company. She did not make an investment after the ‘Shark Tank’ episode aired because they did not have a working prototype during due diligence, so Laurie passed on the deal.”
