Published:
3m
Bristol, PA
| Name | Hoodie Pillow |
|---|---|
| Main Presenters | Rebecca Rescate and Chris Hindley |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 10/12/2022 |
| Main Location | Bristol, PA Loading Map |
| Order Shown in Episode | 4 |
| Final Deal | Deal was made on the show with sharks Robert Herjavec for $90k for 20% of company, but it fell through after the show. |
Chris Hindley had triplet girls and no longer could get a good night's sleep. He drew up an idea and brought it to his friend Rebecca Rescate, who you may recall from Citikitty /seasons/2/episodes/9/citikittyLink Preview
Hoodie Pillow combines a hood and a pillowcase to block out noise to improve his sleep or for the casual user to lounge on the couch comfortably. They also have another product called Travel Pillow, a neck cushion with a hood.
I've made some money off hoods.
If Daymond's joke referencing hoods as slang for neighborhoods was too subtle, his following act demonstrating the Hoodie Pillow as if he was wearing it out on the town trying to get into the club was hilarious.
Hoodie Pillow launched eight weeks ago and stirred up a bunch of social media hype, resulting in $60k in sales. Hoodie Pillow has a utility patent and a design patent.
Kevin offers to become equal partners with Rebecca and Chris, and each removes money from the business at the same rate. Rebecca seems resistant to Kevin, while Chris admits Kevin is his favorite shark.
Daymond gives an equal offer to Kevin without any contingencies and gives Rebecca and Chris ten seconds to decide, which Rebecca elects to hear the other sharks out, and Daymond stays true to his word and retracts his offer but joins Barbaras for more equity.
After much back-and-forth noise, Robert asks Rebecca for her best offer, which turns out far below what is on the table. Robert sat on the sidelines for much of the pitch but entertains Rebecca's ask, and Chris, the majority stakeholder, accepts the deal.
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $90k for 15% of company | |
| Sharks | Offered | Kevin O'Leary | $90k for 33% of company, each removing money at equal amounts |
| Company | Offered | $100k for 25% of company | |
| Sharks | Offered | Daymond John | $90k for 33% of company |
| Sharks | Out | Daymond John | Out |
| Sharks | Offered | Barbara Corcoran, Daymond John | $90k for 40% of company and a 10 cent royalty |
| Company | Offered | Daymond John, Barbara Corcoran | $90k for 30% of company and a 10 cent royalty |
| Sharks | Offered | Barbara Corcoran, Daymond John | $90k for 35% of company and a 10 cent royalty |
| Company | Offered | $90k for 20% of company | |
| Sharks | Out | Barbara Corcoran | Out |
| Company | Deal Never Closed | Robert Herjavec | $90k for 20% of company |
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
According to an interview https://www.sharktankblog.com/rebecca-rescate-returns-an-interviewLink Preview
Rebecca went on the Strange Success podcast https://podcasts.apple.com/us/podcast/citikitty/id1329775106?i=1000432297828Link Preview
In another interview https://www.sharktankblog.com/hoodie-pillow-post-show-updateLink Preview
According to Chris' LinkedIn https://www.linkedin.com/in/hindley www.luvsy.comLink Preview
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In 2015 Chris raised $13k in a Kickstarter https://www.kickstarter.com/projects/196117689/hoodiepillow-5-in-1-beach-towel-ultimate-relaxatio https://www.hoodiepillow.com /seasons/3/episodes/7/tecLink Preview
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