Shark Tank Update
Shark Tank Pitch
Boo Boo Goo Shark Tank Update
Published:
2m
Los Angeles, CA
| Name | Boo Boo Goo |
|---|---|
| Main Presenters | Klowa Kavovit and Andrew Kavovit |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 1/1/2016 |
| Main Location | Los Angeles, CA Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | Deal was made on the show with sharks Kevin O'Leary for $100k for 25% of company contingent on the patent being approved. |
Boo Boo Goo Shark Tank Pitch
Klowa Kavovit and Andrew Kavovit created a bain-aid alternative called BooBoo Goo, a painted-on sealant that comes in many colors to be fun for kids. BooBoo Goo is difficult to wear off and allows a user to be more discreet to onlookers that they have a scratch compared to band-aids that are more obvious.
BooBoo Goo has not sold any products yet. Lori mentions that major brands currently offer a similar spray-on liquid bandage, and the competitors are large. Kevin is Kiowa's favorite shark, and after all the other Sharks were out made an offer contingent on the patent going through to license the technology to a large brand. Kiowa and Andrew accept.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $100k for 17% of company | |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Deal | Kevin O'Leary | $100k for 25% of company contingent on the patent being approved |
Mark Cuban
Out
Barbara Corcoran
Out
Kevin O'Leary
Made Deal
Lori Greiner
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Boo Boo Goo After Shark Tank
Soon after airing the Boo Boo Goo website, booboogoo.com (not active as of 2023) wrote that Shark Tank sparked interest from major companies to license the product, so they canceled all the orders they had through their website to focus on securing a licensing deal.
The website was never updated after the original message and was last up in 2016. Boo Boo Goo's Facebook https://www.facebook.com/BooBooGooOfficial posted in 2016 a video about Kiowa Kavovit testing the latest formula of Boo Boo Goo. It doesn't appear as though BooBoo Goo ever became for sale to consumers, and 2016 appears to be the last mention of it as of 2023.Link Preview
Facebook
Andrew Kavovit went on the The Launch Network https://podcasts.apple.com/us/podcast/how-to-get-your-product-in-front-of-the-right/id1173471080?i=1000440607061 podcast in 2019. Andrew mentioned that Kiowa was still working on Boo Boo Goo. Andrew said that the deal with Kevin never went through, but six years later, they partnered with the largest liquid bandage manufacturer and plan to launch a product in 2020.Link Preview
The Launch Network
According to Andrew Kavovit's LinkedIn https://www.linkedin.com/in/andrew-kavovit-82bab012 https://www.hatchedhub.com, he was an actor as a child and continued for many years. In 2015, Andrew started a company called HatchedHub to pursue his passion for helping entrepreneurs. In 2016 and 2017 Andrew launched a TV show called Hatched based around entrepreneurship. The show was not financially profitable enough to continue but HatchedHub continued to focus on making it easier for small and big businesses to connect. As of 2023, hatchedhub.com Link Preview
LinkedIn looks outdated.Link Preview
hatchedhub.com
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