Shark Tank Products for Dog Owners
Highlights
- Shark Tank is a great medium for pitchers wanting to showcase their dog-specific products on a global scale.
- Offering an inventive stem cell technology for dogs, Gallant’s current value is a massive $20 million.
- SwiftPaws and Springer are other notable brands for dog owners that have emerged as million-dollar empires.
Shark Tank has kept its viewers from a non-business background hooked for years due to the variety of concepts presented on it. Realizing the diverse segments of audiences following the show, the makers have introduced countless product categories in a timely manner. One of these is the Shark Tank Products for dog owners.
Through its many seasons, Shark Tank has showcased a comprehensive range of dog-specific Shark Tank products. Some are funny and wild, while the rest are hugely helpful. Below is a list of top products for dog owners as shown on Shark Tank, which you should know about:
1. SwiftPaws
Dog mom and entrepreneur Meghan Wolfgram tried her luck on the show with one of the most unique Shark Tank products for dog owners. Seeking $240K for 6% equity, she pitched SwiftPaws, a dog-chasing course. Meghan claimed the product was ideal for solving dog weight gain.
She started her pitch by giving a live demo of the product along with her pet dog, Piper. All the investors thoroughly enjoyed Piper’s antics. Meghan began the offering in 2012 and then discussed the numbers. The amount generated through a seed funding round was $670K.
Meghan revealed that she owned 63% of SwiftPaws and had made $750K through sales in 2021.
How Did The Sharks React?
Kevin O’Leary stayed away from making an offer due to the inefficient manufacturing process. Daymond John opted out due to the high valuation. Mark Cuban felt he could not help her, so he stepped out as well. Robert Herjavec, too, made his way out due to the improper pricing structure.
Lori Greiner expressed her love for the product and offered $240K for 6% equity. She even gave Meghan the ‘golden ticket.’ The entrepreneur accepted the deal.
The current annual revenue of SwiftPaws is more than $1 million.
2. Springer
Griffin and Shannon Ross, a sibling entrepreneur-duo, went to the Sharks seeking $400K for 6% equity. Their company, Springer, offered inventive, portable water bottles carefully designed for dogs. The duo stated that unlike other bottles, which resulted in a huge mess due to water spillage, their product came with a bowl on top.
They went ahead with the pitch, giving a small demo of the workings of the BPA-free plastic bottle. Throwing light on the crucial details, the siblings then revealed that the company had made $711K in sales in 2016. By the next four years, they had made a huge $1.7 million through sales.
Additionally, Springer had earned eight patents for itself. The selling margins were 88%.
How Did The Sharks React?
Mark Cuban stepped out of the deal, citing low sales. Next in line was Daymond John, who opted out due to the high valuation. Robert Herjavec, too, did not invest for similar reasons. Kevin O’Leary offered $400K for 2% equity, alongside a $3 royalty till he got back the invested money. After that, the royalty would be modified to $1.50 in perpetuity.
Lori Greiner made her offer at $400K for 10% equity. Eventually, the Ross siblings picked Lori at $400K for 10% equity.
As of 2024, the current annual revenue of Springer is around $2 million.
3. Gallant
Entrepreneur Aaron Hirschhorn went to the panelists seeking an investment of $500K for 2% equity. His dog-based brand Gallant offered a unique treatment for dog owners, which was stem cell treatment. As per Aaron, this unique therapy could help tackle dogs’ chronic arthritis problems.
Giving a small backstory about the business, Aaron stated that the idea emerged in his mind when he himself took treatment for the same problem. He saw his dog suffering from chronic arthritis; taking up the charge, he raised a massive $11 million from his Silicon Valley acquaintances.
Aaron claimed to hold four patents and that Gallant was then valued at a whopping $20 million.
How Did The Sharks React?
Each of the investors expressed their concerns regarding Aaron’s monthly spending of $400K to keep the stem cell business growing. But Aaron was more inclined towards getting a deal with Guest Shark Anne Wojcicki. Although Anne, too, was skeptical about the business model, she joined hands with Lori Greiner to make her offer.
The two of them offered $500K for 8% equity; the entrepreneur countered with $500K at 5%. Anne and Lori agreed to it.
Gallant’s total value is resting at a whopping $20 million (as of 2024).
Bottomline
Through its many seasons, Shark Tank has offered its viewers the most innovative products for dog owners. Be it fitness gear like SwiftPaws, cutting-edge technology like Gallant, or spill-proof bottles like Springer, different Shark Tank products have demonstrated the creativity of pitchers.
These products not only bring a splash of innovation to the show but also offer inspiration for entrepreneurs from a similar vertical.
References
1. Pet product company and Shark Tank winner SwiftPaws on track to hit $1.5 million this year, Florida Trend, Nancy Dahlberg
Entrepreneur, auteur, raconteur. Rob Merlino is a blogger and writer who enjoys the Shark Tank TV show and Hot Dogs. A father of five who freelances in a variety of publications, Rob has a stable of websites including Shark Tank Blog, Hot Dog Stories, Rob Merlino.com and more.
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