AFreSheet Shark Tank Update | What happened to AFreSheet after the Shark Tank Pitch?
What is AFreSheet?
AFreSheet is an eco-friendly company that produces disposable, waterproof sheets. Each set, priced at $29.95, includes seven layers. The sheets are twin extra-long, suitable for dorm room mattresses.
The target market includes college students, parents of toddlers, and incontinent adults. The company was founded in May 2014 with funding from friends and family.
These sheets provide a convenient and environmentally friendly solution by eliminating the need for water and harsh cleaning chemicals in sheet washing, and reducing the time required for sheet replacement.
Who is AFreSheet’s Founder?
Maxwell Cohen, a college student majoring in Environmental Water Resource Economics, founded AFreSheet after noticing that many of his fellow students did not regularly clean their bedsheets.
He wanted to create disposable sheets that were comfortable, affordable, and environmentally friendly. He began experimenting with hospital bedsheets and eventually developed a fabric combination that met his criteria.
He has since expanded his business, Peel Away Labs, to include disposable linens for all bed sizes, including a brand specifically geared towards summer campers called Camp a Peel.
What happened to AFreSheet at the Shark Tank Pitch?
On Shark Tank Season 7 Episode 8, Maxwell appeared seeking $100,000 for a 20% stake in his company, which would imply a valuation of $500,000.
He demonstrated the multiple uses of his product, AFreSheets, which are made of polyester and are recyclable.
The Sharks, including Mark Cuban and Kevin O’Leary, were unimpressed with the product and the lack of sales, and ultimately did not invest in the company.
Robert Herjavec acknowledged the market potential but expressed concern about the lack of orders.
AFreSheet after the Shark Tank Pitch
Max sold all of his limited inventory before the intended release date and collected contact information from interested customers through an email capture on his website.
However, the company will shut down in April 2021.
AFreSheet Net Worth
On Shark Tank Season 7 Episode 8, Maxwell pitches his company and seeks an investment of $100,000 in exchange for a 20% stake, which values the company at $500,000.
AFreSheet Competitors
There is no competitor identified for AFreSheet.
AFreSheet FAQS
What is AFreSheet?
AFreSheet is a waterproof, disposable sheet manufacturer that was created with the environment in mind. Each AFreSheet set costs $29.95 and includes seven layers of sheets.
Who is AFreSheet’s founder?
Maxwell Cohen created AFreSheet as a result of his experiences as a college student.
How much was they asking in the Shark Tank?
Maxwell Cohen appeared on Shark Tank asking for $100,000 for a 20% stake in his company. Did AFreSheet secure an investment?
AFreSheet failed to secure an investment from the sharks.
What happened to AFreSheet after Shark Tank?
Maxwell has acquired additional investors, expanded the firm, and formed Peel Away Labs, a company that specialized in waterproof, disposable linens for all sizes of beds, from cribs to kings.
His Camp a Peel brand of linens is similarly oriented for summer campers.
Is AFreSheet still in business?
AFreSheet ceased operations in April 2021.
What is AFreSheet doing now?
AFreSheet is out of business.
What episode of Shark Tank was AFreSheet featured?
Maxwell Cohen appeared on Shark Tank Season 7 Episode 8.
When did AFreSheet appear on Shark Tank?
Maxwell appeared on Shark Tank on November 13th, 2015.
What materials were AFreSheet made of?
AFreSheets were comprised of polyester and are 100% recyclable.
What was AFreSheet’s price?
Each set costs $29.95 and includes seven layers of sheets.
What is the net worth of Maxwell Cohen?
Maxwell Cohen’s net worth is unavailable.