Revestor Net Worth in 2024: Bill Lyons made a real estate search engine so that people who want to buy a house could get information that owners used to have access to. On Season 4 of Shark Tank, did a shark put money into him? Check out our ReVestor news to find out!
Revestor Net Worth in 2024
Revestor, a real estate investment app founded by Bill Lyons, has undergone significant changes since its appearance on Shark Tank in 2012.
Initially seeking $250,000 for a 10% equity stake, the app aimed to provide investors with tools to analyze properties using various financial metrics.
However, it did not secure any investment from the Sharks due to concerns about its market viability and niche focus.
As of 2024, Revestor is no longer available in app stores and has shifted its business model. Lyons transitioned to running Griffin Funding, a mortgage company that reportedly generates around $5 million in annual revenue as of 2021.
This venture has allowed him to fund Revestor’s infrastructure, although the app is now limited to the San Diego area.
Shark Tank Success says that While specific figures for Revestor’s net worth in 2024 are not available, it is clear that the company has pivoted significantly from its original concept.
The focus now appears to be more on providing services directly related to real estate investment rather than operating as a standalone app.
Revestor on Shark Tank
Bill Lyons pitched Revestor on Shark Tank during Season 4, seeking $250,000 for a 10% equity stake in his real estate search engine.
The app aimed to provide prospective homebuyers and investors access to data that was traditionally available only to seasoned investors, using a proprietary algorithm to analyze potential investment properties based on key real estate indicators like cash flow and ROI.
However, despite its innovative approach, all the Sharks opted out of investing due to concerns about the app’s niche market viability and the lack of revenue at the time of the pitch.
Post-Shark Tank Developments
After the show, Lyons restructured Revestor’s focus and launched Griffin Funding, a mortgage company that reportedly generated around $5 million in annual revenue by 2021.
This financial success allowed him to support Revestor’s infrastructure development, although the app is now limited to the San Diego area and is no longer available in app stores.
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Is Revestor still in business?
It appears that Revestor, the real estate investment app founded by Bill Lyons, is still in business but has undergone significant changes since its appearance on Shark Tank in 2012:
Revestor is no longer available in app stores and has shifted its business model. The app is now limited to the San Diego area, focusing on providing services directly related to real estate investment rather than operating as a standalone app.
Lyons transitioned to running Griffin Funding, a mortgage company that reportedly generates around $5 million in annual revenue as of 2021.
Shark Tank Pitch and Outcome
In 2012, Lyons pitched Revestor on Shark Tank, seeking $250,000 for a 10% equity stake in the company. The Sharks opted out of investing due to concerns about the app’s niche market viability and lack of revenue at the time.
Post-Shark Tank Developments
After the show, Revestor continued development but eventually focused on other ventures. By 2021, the app was no longer available in the app store, and the website was functional only for the greater San Diego area.
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