As of 2025, Biem has ceased operations after encountering various product challenges. The company’s net worth was valued at $10 million in 2023, a figure based on the brand’s peak success, primarily fueled by its innovative butter spray product.
However, despite the early buzz and attention Biem gained through its Shark Tank appearance, product issues and customer complaints caused the company to fade from the market.
The last major product release came in 2019, and since then, the company has gone quiet, with no social media activity or new updates on sales.
The Beginnings of Biem
Biem was founded in 2012 by Doug Foreman, an entrepreneur with a passion for creating innovative kitchen gadgets.
Foreman aimed to solve the often cumbersome task of spreading cold butter by turning it into a convenient spray.
His idea led to the development of the Biem Butter Sprayer, a device designed to convert any stick of butter into an easy-to-use spray.
The product was introduced as the first butter spray in the world, a significant achievement in kitchen technology.
Shark Tank Pitch
In 2016, Doug Foreman brought Biem to the spotlight by pitching his product on the popular television show, Shark Tank. Foreman sought an investment of $500,000 for 5% equity in the company.
The product immediately caught the attention of Lori Greiner, a well-known investor and “queen of QVC.”
After some negotiation, Greiner agreed to invest $500,000 for 14% equity, a deal that would help Biem secure the resources needed for mass production and distribution.
Challenges After Shark Tank
Although the appearance on Shark Tank initially provided Biem with a boost, the company soon ran into trouble. While Lori Greiner was initially interested, the product encountered significant issues with reliability, particularly with the sprayer mechanism, which did not consistently work as intended.
Despite this, Foreman continued to push forward, releasing a second version of the product in 2019. Unfortunately, the improved version could not resolve the problems, and customer feedback remained negative.
Product complaints about the sprayer’s functionality were widespread, leading to decreased consumer trust.
By 2019, the Biem Butter Sprayer products sold out, and the company seemed to go into a period of silence.
Social media channels that had once been active began to show little to no updates, and the once-promising product seemed to fade away from public view.
The Transition to New Ventures
Following the cessation of Biem’s operations, Doug Foreman shifted his focus to other endeavors. He now runs Austin Automation Design, a company that specializes in food preparation technology.
The company appears to focus on innovations in the kitchen space, drawing from Foreman’s prior experience with Biem, though this new venture has not reached the same public visibility.
Biem’s Contribution to Kitchen Innovation
Biem’s flagship product, the Biem Butter Sprayer, was notable for its innovative approach to a common kitchen task.
The idea of converting butter into spray form revolutionized how people used butter, especially for those who wanted to avoid the mess and hassle of traditional butter spreading.
The device was unique at the time and was hailed as the first of its kind. The sprayer offered a way to apply butter quickly and evenly, making it particularly appealing for cooking and baking.
However, despite the initial novelty, the lack of product durability and inconsistent functionality led to challenges for the company.
The issues with the sprayer’s performance ultimately overshadowed the product’s potential, and Biem struggled to maintain customer satisfaction, which contributed to the company’s decline.
Net Worth
As of 2023, Biem’s net worth was estimated to be around $10 million, reflecting its peak market value before the product issues took their toll.
The valuation was driven by the initial success of the Biem Butter Sprayer and the exposure the company gained from its Shark Tank appearance.
Despite its fall from the public eye in recent years, the valuation represents the potential the brand once held and the innovative nature of its product.
The Founder: Doug Foreman
Doug Foreman is the founder and brainchild behind Biem, known for his inventive ideas in the kitchen product space.
Prior to starting Biem, Foreman had introduced various other kitchen gadgets, but his Biem Butter Sprayer was his most notable creation.
Although his net worth is not publicly available as of 2025, Foreman remains involved in Austin Automation Design, continuing his career in food technology.
His shift to a new business venture suggests a determination to innovate in the kitchen industry despite the setbacks from Biem.
