Shark Tank: Wedfuly, Wad-Free for Bed Sheets, Beulr, and Spergo

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The Shark Tank welcomed four companies seeking strategic and financial partnerships with prominent investors Mark Cuban, Lori Greiner, Daymond John, Robert Herjavec and Kevin O’Leary. Entrepreneurs from Wedfuly, Wad-Free for Bed Sheets, Beulr and Spergo presented the Sharks with convincing business cases in the hope of safeguarding their know-how and investments. Three of these companies left the Shark Tank with partnership agreements in hand. Read on to find out more!

Wedfuly partners with Robert Herjavec

Software engineer and Denver, CO native, Caroline Creidenberg realized during the pandemic that her skills could be used to help couples who had to postpone or cancel their weddings during the pandemic. Caroline started Wedfuly to help couples with the ins and outs of a virtual wedding. Although she has learned a lot since Wedfuly was launched, one of the key realizations is that even without the pandemic, there is a demographic of couples who would prefer small weddings with a virtual option rather than a large, white wedding.

Caroline is looking for $ 200,000 for 5% equity in Wedfuly and is interested in partnering with a shark who can help them expand their reach. Of course, Kevin O’Leary is interested in partnering with Wedfuly as he’s already in that market and interested in the data Caroline has been able to collect. Robert Herjavec is also interested in investing and thinks she’s really into something. Concerned about giving up too much equity in Wedfuly, Caroline accepts Roberts’ offer of $ 200,000 in exchange for a 10% stake in the company.

Wattenfrei für bedlinen accepts an offer from Kevin O’Leary

Sometimes some of the most successful companies featured on Shark Tank come up with simple products that address everyday problems. Cyndi Bray has developed one such product that joins the corners of bedsheets for seamless washing and drying. Wadding-free for bedsheets prevents the sheets from twisting or getting stuck in them during washing. With rapid success through direct sales and big box retailers, Cyndi is looking to partner with a shark willing to invest $ 200,000 in Wad-Free for Bed Sheets in exchange for 5% equity.

With large margins, admirable sales, and proven business knowledge, Cyndi offers the Sharks a unique and attractive investment opportunity. Both Lori Greiner and Kevin O’Leary are interested in investing in Wad-Free for Bed Sheets and in turn are trying to sell their own strategies and experiences in order to secure a partnership deal with Cyndi. Concerned about giving up too much of her business, Cyndi accepts Kevin’s offer to invest $ 200,000 in exchange for 5% equity and a royalty of $ 1.50 per unit until he gets $ 1,000,000 back . At this point the license fee ends and the equity portion remains.

Beulr goes away empty-handed

As the pandemic drives businesses and educational institutions to virtual platforms, Peter Solimine has developed a product that helps people to be in two places at the same time. Solimine’s software, Beulr, will attend online meetings in your absence. It allows you to choose a bot, send a meeting link, teach the bot how long to stay in the meeting, etc. It also allows consumers to record a video of themselves that looks like they’re paying attention to that being played during the meeting, or class to attend. That way, busy consumers can make it seem like they’ve shown up while they can invest their time in other things and get on with the content at a different time.

Hoping to find a partner willing to invest $ 150,000 in exchange for 20% of the equity in Beulr, Peter tries to sell his product concept to Shark investors. Unfortunately, the sharks have a variety of concerns about the product. Despite being clever, they don’t like the idea and premise behind the product and choose not to partner with Beulr. Although Peter disappoints, he leaves the Shark Tank with valuable advice from Mark Cuban to go back to college and finish his education so that he can invest his time and energy in something productive.

Spergo cooperates with Daymond John

Teenage entrepreneur, Trey Brown and his mother Sherell Peterson have come to Shark Tank to showcase Trey’s premium clothing brand, Spergo. This company with a unique name encourages teens to look up to athletes and heroes, but don’t forget to follow their own dreams and work hard to move forward. Growing up in Philadelphia, Trey saw his share of crime and drugs and didn’t want to make a living that way. He saved his birthday money and started Spergo when he was 12 years old. After three years of eagerness to sell its product, sales are projected to exceed $ 2,200,000 in 2021.

As much as the Sharks love Trey, they are equally impressed with his product. His care, attention to detail and his quality standards are evident in his product and in the standards to which he adheres. Several Sharks are ready to give Trey the $ 300,000 investment he is seeking and are ready to help him learn how to sell direct to consumers rather than solely through brick and mortar stores. Both Mark Cuban and Daymond John are making offers to Spergo for $ 300,000 in exchange for 25% equity. Trey countered with Daymond John, who accepted his counter at 20% equity.

If you were a shark in the shark tank, which of these companies would you have invested in? Do you think the sharks made any ill-advised business decisions in this episode of Shark Tank? Was it right not to work with Beulr? Start the conversation in the comments below!

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