consecrated pet parents around the world spend billions of dollars on their beloved pelt babies . In fact , it is estimated that the average pooch has a mellow monetary standard of sustenance than a kid in a third - humanity country . Not that we should be majestic of that fact …
Although , this is a distressing truth for hunger children , it signify a hefty haulage for preferent product producer . In fact , one such fellowship has taken theirnew concept in pet productsand landed a deal with two of the five “ sharks ” from the pop primetime television series , Shark Tank .
Sean KnechtandSteven Blusteinentered the Shark Tank for Season 7 ( installment 28 ) seeking $ 200,000 for 10 % of their company , PrideBites . consort to the shows estimation , this evaluation puts the company ’s Charles Frederick Worth at the two million dollar bill mark .
Photo: PrideBites
The sharks were at first reluctant about the full value until they find out that since the company ’s launching in October 2012 , this pet - inspired , team of ten employees has raked in about two million in sale !
As per - the - normal banter between the shark , Mark Cuban(owner of the Dallas Mavericks)Kevin O’Leary(educational software mogul ) andDaymond John(founder / owner of FUBU ) all bow out . They felt up it was n’t the right business for them and that they either could n’t sum up any real value , or just did n’t want toget involved in the heel - eat - dog world of favored products .
The two remaining sharks , Robert Herjavec(cybersecurity king ) andLori Greiner(QVC queen ) offered $ 200,000 for 20 % and $ 200,000 for 18 % respectively . After some intense debating and deliberation , the two young entrepreneur hit a deal with both Herjavec and Greiner for $ 200,000 for 20 % interest in the fellowship .
This could be a winnings - win heap for both parties as the Austin , Texas - based companionship aspires to be the the NIKEiD of the pet industry . So far they have been tickle pet owners with their customs duty - made toys , beds and other product .
Choosey favored parents can totally plan their pet ’s belongings with specific fabric and piping color , the shape of the banner , baptistry and colour for the ducky ’s name and even the gain of a picture of that particular fur buddy is available for the taking . If you ca n’t select , you could also order pre - made designs from theRuff Lauren , Kate Spayedand other room decorator aggregation .
PrideBites is located in 2,500 storehouse around Canada and the United States , as well as online . It manufactures its products in China , but is allot through its Austin , Texas warehouse . When you order a product from PrideBites , they can ordinarily satisfy each custom - made product ordering and have it delivered within four weeks .
The success of this business has only gained more notoriety since their appearance onShark Tank;that ’s even more exciting than winning the desired distinction of“Dog Toy of the Year ” byPet Business Magazinein 2012 .
If you ’re looking for a fabulous and unique pet for your darling pal or just need to give a talent to a discerning pet parent , check out PrideBites . If the shark wanted to take a pungency from this profitable “ biscuit ” it must be spectacular .
