Shark Tank Update
Shark Tank Pitch
Bellybuds Shark Tank Update
Published:
3m
Los Angeles, CA
| Name | Bellybuds |
|---|---|
| Main Presenters | Curtis Williams and Matt Von Waaden |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 12/11/2022 |
| Main Location | Los Angeles, CA Loading Map |
| Order Shown in Episode | 3 |
| Final Deal | All Sharks went Out |
Bellybuds Shark Tank Pitch
Curtis Williams and Matt Von Waaden have heard that playing music to a baby in the womb could be beneficial. An example they provide is playing a sound to a baby that it heard while in its mother's womb could help soothe the baby. Curtis and Matt created earbuds that easily attach to one's belly to play music called Bellybuds.
Curtis and Matt have been waiting three years for their patent to get approved. There are competitors on the market with product variations, like belts that have predated Bellybuds. Mark Cuban said he used competitors years ago for all his children. Bellybuds sold through several retailers, but after one seller crushed everybody's profit by selling at prices below everybody else, Curtis and Matt decided to pull back to rectify the situation.
In Bellybuds' first year, the company lost $175k, in 2012, sales were $300k with a $140k loss, and at their current point in 2013, they have done $340k in sales. Curtis and Matt have $1.3 million worth of inventory in a warehouse ready to be sold. They also have $100k cash in the bank.
The sharks feared there was too much competition in the space for them to make any profit. The $4 million valuation is also a high ask for the sharks. All sharks go out.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $500k for 12.5% of company | |
| Sharks | Out | Lori Greiner | Out |
| Sharks | Out | Barbara Corcoran | Out |
| Sharks | Out | Kevin O'Leary | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Mark Cuban | Out |
Mark Cuban
Out
Barbara Corcoran
Out
Kevin O'Leary
Out
Lori Greiner
Out
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| No Episode Updates | |
Bellybuds After Shark Tank
Curtis Williams did an interview with Shark Tank Blog https://www.sharktankblog.com/bellybuds-update-interview after airing. Curtis and his wife, Jama, have backgrounds in acting but when Jama was holding up headphones to her belly Curtis thought up the idea for Bellybuds.Link Preview
Shark Tank Blog
Bellybuds typically got 200-300 hits daily to their website but saw 15k hits in the hour after airing on Shark Tank. They were on track to double annual sales and had over $600k in sales in 2013. Bellybuds was in 130 Babies R Us stores, 90 Bye Bye Baby stores, and many boutiques.
Curtis said they bought inventories in bulk to get their costs down but were sure they would sell out of their $1.3 million batch of inventory they mentioned on the show by quarter one of 2014.
According to a 2015 article by prweb.com https://www.prweb.com/releases/2015/10/prweb13017643.htm, Bellybuds rebranded in 2015 to WavHello as their brand name and expanded their product line beyond Bellybuds. They created an app to manage voice and audio recordings to use with their products, including an updated version of Bellybuds, a small speaker for babies, and a stuffed animal.Link Preview
prweb.com
Matt Von Waaden was with the company as of 2015 but that was the last I was able to find on him beyond his outdated LinkedIn https://www.linkedin.com/in/matt-von-waaden-b6759627 https://www.linkedin.com/in/addydaddy as of 2022. Curtis and Jama are also not too active on social media, and hardly any blogs mention their products. Curtis Williams' LinkedIn Link Preview
LinkedIn also may be outdated.Link Preview
LinkedIn
As of 2022 WavHello's website is wavhello.com https://wavhello.com https://www.facebook.com/WavHello https://www.instagram.com/wavhello https://www.amazon.com/s?me=A2NGD5678NYVU2&marketplaceID=ATVPDKIKX0DER. They post a a couple times a year on Facebook Link Preview
wavhello.com and their Instagram, wavhello Link Preview
Facebook . WavHello products seam to have decent sales on Amazon Link Preview
wavhello as of 2022.Link Preview
Amazon
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