Bumpeez Founders with the Sharks After the Deal (Image Source – Instagram/@sharktankabc)
Highlights
- Bumpeez brings amusement park excitement to the home for kids with its fun bumper toy car.
- It features a remote control and self-deflating character for interactive, safe play which is friendly for disabled kids as well.
- Designed to entertain kids for hours, Bumpeez turns any space into a playful playground.
| Category | Details |
| Name | Bumpeez |
| Founder | Michael Bergida and Israel Schaya |
| Industry | Kids Toy |
| Product | Toy Cars |
| Funding | Self-funded |
| Investment Ask | $100K |
| Equity Ask | 10% |
Shark Tank season 16 Episode 11 saw one of the most fun product on the pitch named Bumpeez that brings the thrill of amusement park fun right at home. During their Shark Tank pitch, Michael Bergida and Israel Schaya introduced this interesting bumper toy car designed to give kids the excitement of amusement park rides at home.
With its remote control and self-deflating character, Bumpeez provides a fun, interactive experience that keeps children entertained for hours.
Inspired by the lack of kid-friendly rides at amusement parks, the duo created a product that blends excitement with safety, allowing parents to feel at ease while their children play.
The Sharks were impressed with the toy’s appeal and the founders’ vision of making over $1 million in sales. Bumpeez isn’t just a toy; it’s a portable amusement park ride that brings joy and laughter to kids everywhere.
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What Happened to Bumpeez on Shark Tank Season 16?
During their exciting Shark Tank pitch, Michael Bergida and Israel Schaya presented their innovative bumper toy car called Bumpeez for kids which features a remote control and a self-deflating character. The duo asked for $100,000 in exchange for 10% equity in their company, Bergida and Schaya.
Prior to building Bumpeez, the two spent time wondering how amusement parks lacked places where kids could enjoy rides. Kevin O’Leary and Robert Herjavec tested the cars and afterward and found the product absolutely amazing.
The founders stated their company was expected to make over $1 million, this, and Schaya was also waiting to spend $2.2 million in the next year. The sharks were curious as to why the duo only sought $100,000 and after a short discussion between the founders and Schaya.
It was agreed that was acceptable, however, the founders expressed hope someone would be able to help negotiate licensing arrangements. Bergida and Schaya dominated the conversation by praising each other over the standing sales figures and were delighted by the product.
Bergida, an overly buisness oriented man, gives insight into his life and how he got into the field showing his excitement bears so much depth that it clouds his judgment. Furthermore, he has patented the working out of the toy car, making the product much more appealing.
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Did Bumpeez’s Pitch Make The Cut To Get A Deal?
Bumpeez founders, Michael Bergida and Israel Schaya sought $100,000 for a 10% equity stake in their company. Bumpeez is a patented at-home bumper car, inspired by the founders’ realization that their kids were too short to enjoy some amusement park rides.
Kevin O’Leary made an offer of $100,000 for 30% equity. Barbara Corcoran initially proposed $100,000 for 10% alongside Robert Herjavec. However, the founders expressed a desire for more sharks to join the deal, which upset Barbara, who felt overlooked.
She pointed out her success with Comfy, which generated $80 million in just two years. “I’m offended here. I feel invisible. Of everyone on this panel, there’s no one more prepared for bringing you to the big box stores quickly,” Barbara remarked.
Following this, Barbara and Robert decided to withdraw their offer. The Bumpeez founders then apologized and urged Barbara and Robert to reconsider. Ultimately, they proposed a $5 royalty on the first 50,000 units sold, along with $100,000 for 15% equity in the company, which Barbara accepted.
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