Shark Tank Update
Shark Tank Pitch
Stress Free Kids Shark Tank Update
Published:
2m
Marietta, GA
| Name | Stress Free Kids |
|---|---|
| Main Presenters | Lori Lite |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 9/1/2021 |
| Main Location | Marietta, GA Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | Deal was made on the show with sharks Barbara Corcoran for $250k for 50% of company. |
Stress Free Kids Shark Tank Pitch
Be it the bad economy or whatever the reason, Lori Lite had stress; her kid had stress; hell, I think the dog had stress. Lori picked up some stress management techniques and found a way for kids to practice these techniques in a fun way.
Stress-Free Kids became the book company she created for parents to read to their kids and invoke guided relaxation methods disguised as an entertaining, interactive story.
Due to the nature of having to buy books before selling them, Lori is sharing a car and selling her house to cover the upfront costs. They made $180k revenue last year with a $50k profit. If they aren't paying themselves, that changes the in-profit story.
Kevin O'Leary, who formally made his money in the children's toys space, offers to buy the entire company for $250k, but without hesitation, Lori denies him. Lori didn't want to give up that much of her company but eventually was happy to give up 50% to Barbara.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $250k for 20% | |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Kevin Harrington | Out |
| Sharks | Offered | Kevin O'Leary | $250k for 100% of your company |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Offered | Daymond John | $250k for 51% of company |
| Sharks | Deal | Barbara Corcoran | $250k for 50% of company |
Kevin Harrington
Out
Daymond John
Offered
Kevin O'Leary
Out
Barbara Corcoran
Made Deal
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| 1 | 11 |
Stress Free Kids After Shark Tank
The deal went through but in a different, non-disclosed arrangement. Also, Stress Free Kids is in business and can be found on their website, seems to be thriving and can be found on their website, stressfreekids.com https://stressfreekids.com.Link Preview
stressfreekids.com
In Season 1, Episode 11, Lori updated us that she would be in Borders Book stores nationwide and thanked Shark Tank for aiding in the massive growth.
With that said, in 2022, Lori is selling CDs, so as for updated material, I can not confirm or deny it. There are also coloring books and lesson plans available. But if ain't broke...she is doing $5 million in annual revenue.
The valuation of Stress Free Kids in 2022 is around $600k. Lori Lite has 66k Twitter followers and is active at Stress Free Kids in 2022 is around $600k. Lori Lite has 66k twitter followers and is active at @StressFreeKids https://x.com/StressFreeKids.Link Preview
@StressFreeKids
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