Vengo received a massive evaluation when it appeared on Shark Tank, which has some fans wondering how the company ended up doing and what its net worth is now. Steven Bofill and Brian Shimmerlik came to meet the sharks of Shark Tank in season 7, episode 22, pitching their company "Vengo". Vengo's flagship product was a novel way to disrupt the vending machine market; a slim vending machine capable of being mounted on walls that can hold 100 small-sized objects, all available for purchase with credit cards.

The real value of Vengo comes from selling the vending machine hardware to vending machine companies and charging a monthly fee. At the same time, they control much of what appears on the machine, essentially making Vengo a marketing company. The two New Yorkers claimed they would hit a million in sales the year they appeared. With this pitch, they asked for a staggering $2 million for 12.5% of their company,...