Wad-Free Shark Tank Update

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.

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