Bed bugs in the Shark Tank? That's what the ABC press release for the Shark Tank says: “two women from Freehold, NJ believe they have a solution to the nationwide epidemic of bedbugs.” Bed bugs are disgusting and there have been hundreds of thousands of stories about infested hotels, schools, even public libraries all over the USA. Bed bugs are truly becoming a national epidemic.
According to Wikipedia:
Bed bugs are parasitic insects that feed on blood. The term is used loosely to refer to any species of the genus Cimex, and even more loosely to refer to any member of the family Cimicidae (cimicids). The common bedbug, Cimex lectularius, is the most infamous species of the family and prefers to feed on human blood. The name of the “bed bug” is derived from the insect's preferred habitat of houses and especially beds or other areas where people sleep. Bed bugs are mainly active at night, but are not exclusively nocturnal and are capable of feeding on their hosts without being noticed.
I have never encountered bed bugs and I hope I never do, but if I did, I would want to get rid of the little bloodsuckers as fast as I could! This is probably why a bed bug entrepreneur made it to the Shark Tank. Eliminating the pests has become a billion dollar industry. Google “bed bug” and you'll get over 3 million results, most of them for home bed bug cures and remedies or professional exterminators. There is a TON of information on removing bed bugs, some of it conflicting. Professional exterminators say home remedies don't work, sellers of home remedies say exterminators are over priced and selling with scare tactics. To be fair, there are a lot of home remedies for bed bugs that work, and a lot of “snake oil” out there. After researching bed bugs and realizing how prevalent the problem is, I'll be taking a spray bottle of bed bug spray the next time I travel. If I ever detect bed bugs in my own home, I would go all out to get rid of them, they are disgusting.
Enter the two women from New Jersey with their early detection system called BuggyBeds. This is one business that will have the sharks squirming for sure. Heck, I am getting itchy just typing this! What BuggyBeds does is provide an early detection system for bed bugs so you can eliminate the problem before it becomes a full-blown infestation. BuggyBeds are essentially a glue trap that attracts and traps bed bugs so you can see if they are present. They are easy to pack for travel, so you can detect bed bugs in a hotel room before you go to sleep in a potentially infested bed. They say they have a solution to the bed bug problem, but BuggyBeds doesn't stop an infestation, it merely provides an inexpensive way to detect the presence of bed bugs.
According to the BuggyBeds website:
“BuggyBeds' specialized non-toxic, pesticide free formula and design is intended to lure bedbugs & other insects into the trap for detection! For continuous detection, use the monitors to detect bugs before & after professional extermination to insure the effectiveness of the treatment while providing peace of mind.”
I am prepared for some snarky comments when this business is presented, most likely from Mr. Wonderful. The fact that BuggyBeds is already in some stores and that the market is HUGE makes me think the sharks may be interested. The problem I see with the product is there are many glue traps on the market, though BuggyBeds is branded specifically for bed bug detection. The business is announcing their appearance on their Facebook page, but not on their website, which makes me think no deal gets done. This is one of those Shark Tank deals that could go either way; it will come down to sales, valuation, and what percentage they're willing to give to the Sharks. My guess is the sharks are interested, but their percentage is too high and there is no deal.