Shark Tank Update
Shark Tank Pitch
The Freeloader Shark Tank Update
Published:
2m
Austin, TX
| Name | The Freeloader |
|---|---|
| Main Presenters | Nathan Jones and Erick Jansen |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 11/30/2022 |
| Main Location | Austin, TX Loading Map |
| Order Shown in Episode | 2 |
| Final Deal | Deal was made on the show with sharks Robert Herjavec for $200k for 33% of company, but it fell through after the show. |
The Freeloader Shark Tank Pitch
Nathan Jones and Erick Jansen are firefighters and friends who met eight years ago. They created a child carrier for long walks called The Freeloader after experiencing meltdowns from their kids who wanted to be carried.
Nathan and Erick raised over $40k in a crowdfunding campaign. They plan to put money from an investment into inventory and operating expenses.
The sharks think The Freeloader is in too early of a stage and needs to be improved before building inventory and selling. Each shark brings up valid issues and goes out until Robert decides to listen to his gut and makes a deal with Nathan and Erick.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $200k for 15% of company | |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Deal Never Closed | Robert Herjavec | $200k for 33% of company |
Mark Cuban
Out
Barbara Corcoran
Out
Kevin O'Leary
Out
Lori Greiner
Out
Robert Herjavec
Deal Never Closed
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
The Freeloader After Shark Tank
Nathan Jones and Erick Jansen raised $31k in a crowdfunding campaign on indiegogo.com https://www.indiegogo.com/projects/the-freeloader-the-next-generation-of-child-carriers https://texasceomagazine.com/surviving-the-shark-tank in 2013 (they said $40k in their pitch though). According to a 2014 article by texasceomagazine.com Link Preview
indiegogo.com , Nathan and Erick felt Robert's deal was too much equity to give up and felt they could succeed without him. They still did a deal with a new investor they found after the show. The Freeloader had shown consistent sales since airing and business was going well.Link Preview
texasceomagazine.com
Nathan went on the Smart Hustle https://smarthustle.com/backpack-child-carrier-entrepreneur-shares-about-shark-tank-crowdfunding-distractions-and-more/#.Y4a0nOzMJKA podcast in 2022. The Freeloader found success with active parents and parents with a special needs kid. In 2021 a company approached Nathan and Erick to buy the company, and Nathan wanted to continue with the business while Erick was ready to sell his share. Nathan bought Erick's share at the same valuation as their acquisition offer and became the complete owner of The Freeloader. Nathan has a team that runs The Freeloader and three kids and a wife that keeps him occupied.Link Preview
Smart Hustle
According to Erick's LinkedIn https://www.linkedin.com/in/erick-jansen-87506632, in 2015 he began working as a manager for a Bike company in California and, as of 2022 may still work there.Link Preview
LinkedIn
The website is myfreeloader.com https://myfreeloader.com.Link Preview
myfreeloader.com
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