Shark Tank Pitch

Seasons 6+ pages were generated with help from AI. Seasons 1-5 were researched and written by hand.

Wad-Free Shark Tank Update

2m

Accessories Gadgets

Pitch Overview
NameWad-Free
Main PresentersCyndi Bray
Order Shown in Episode2
Final DealDeal was made on the show with sharks Kevin O'Leary for $200,000 for 10% $1.5 royalty until $1 million is paid.

Wad-Free Shark Tank Pitch

Cyndi Bray appeared on Shark Tank Season 13, Episode 5, which aired on November 5, 2021, with Wad-Free attaches to both flat and fitted sheets and prevents them from tangling, twisting, and balling-up in both the washing machine and the dryer..

Wad-Free is listed in the Accessories Gadgets category. In plain terms, the business is described as Wad-Free attaches to both flat and fitted sheets and prevents them from tangling, twisting, and balling-up in both the washing machine and the dryer..

Wad-Free asked the Sharks for $200,000 for 5%, implying a valuation of about $4 million.

On the show, Wad-Free made a listed deal with Kevin O'Leary for $200,000 for 10% $1.5 royalty until $1 million is paid.

If treated as straight equity, the listed deal works out to about $2 million implied valuation, down from the original $4 million implied valuation.

This pitch is included as context for the more important question: what happened after Shark Tank.

Offers

Made ByLabelSharks Part of DealSummary
CompanyOffered$200,000 for 5%
SharksDealKevin O'Leary$200,000 for 10% $1.5 royalty until $1 million is paid

Updates in Shark Tank Episodes

Update SeasonUpdate Episode
No Episode Updates

Wad-Free After Shark Tank

Wad-Free accepted an on-air Shark Tank deal for $200,000 for 10% $1.5 royalty until $1 million is paid. Later follow-up coverage says the deal closed. (Wad-Free Shark Tank Update ).
As of October 2023, Wad-Free was reported at about $750,000 in lifetime sales. (Wad-Free Shark Tank Update ).
As of August 2024, Cyndi introduced a Wad-Free for blankets and duvet covers. (Wad-Free Shark Tank Update ).
Wad-Free remains active online through wadfree.com, which serves as its current storefront. (Wad-Free website ).

Sources

Sources used for this page: Shark Tank API pitches , Shark Tank API episodes , sharktankblog.com , wadfree.com .

Join the Newsletter

Stay up to date on the latest news and updates occuring in the Shark Tank world.

Join the Newsletter

Stay up to date on the latest news and updates occuring in the Shark Tank world.

icon
Powered byContibase