AirBedz Shark Tank Update | What Happened to AirBedz after Shark Tank?
What is AirBedz?
AirBedz is the first truck bed Air Mattresses provides a good night’s sleep to everyone who likes the great outdoors.
The innovative design features Heavy Duty Cloth Material for greater puncture resistance, as well as cutouts on either side that allow the mattress to fit over and over the wheel wells, resulting in a sleep space that uses the whole truck bed.
At the flip of a switch, a built-in rechargeable pump inflates and deflates AirBedz. An integrated air coil system properly distributes weight throughout a 12 inch thick mattress, offering the outdoor enthusiast with a better night’s sleep.
James Pittman, proprietor of Pittman Products International, has the original utility and design patents for truck bed air mattresses, with numerous other patents pending.
Who is the founder of AirBedz?
James Pittman, Pittman Products International, situated in La Mirada, California, is the founder of AirBedz, in the air mattress market and makes a range of air mattresses for various functions, emphasizing comfort, affordability, and convenience of use as guiding principles.
Rather of engaging in a patent conversation, Pittman lawyered up, and he received a harsh letter ordering me to withdraw my post. He was ready to tell his attorneys to piss off because he believes in free speech.
Then he checked my statistics for the show. Only roughly 100 of the approximately 18,000 visitors to their page that day were for the AirBedz post; half of them were from IP addresses in Pittman’s community (presumably his lawyer’s office). Rather than making a huge deal out of it.
What Happened to AirBedz at Shark Tank pitch?
In episode 313, AirBedz founder James Pittman pitches his company on Shark Tank. James is looking for a Shark to partner with and assist him scale his product.
James appears on Shark Tank seeking of $250,000 investment in exchange for 15% stake of his firm, worth $1.7 million.
James goes on top of the mattress, which has the demonstration pick-up truck parked on top of it, to demonstrate how heavy duty and tough the mattress is. Jim is familiar with the product and believes it will be a huge success.
Robert, on the other hand, inquires, “Why?” James then goes on to say that he is aware that the camping and outdoor sector is worth $56 billion each year.
Kevin inquires whether there are various designs for different sorts of vehicles. James says that they have a one-size-fits-all model, with one model fitting a full size 8 foot bed and another fitting a full size 6 foot bed.
Barbara then poses an intriguing question: how simple is it to inflate the mattress with air? Can Barbara pull it off as a woman? Then James shows how simple it is: simply push the button and the bed will begin to inflate.
The pump may not only inflate but also deflate the mattress. The power source is a simple rechargeable 12-volt battery that comes with every AirBedz purchase.
Mark inquires about sales, which James puts at $210,000 each year, with sales averaging approximately $220,000. A single mattress costs $50 to $60 to construct, and it retails for $200 to $269 in retailers.
Mark adds that this is a retail situation and inquires as to how much each unit sells for to the store; each unit is sold for as little as $125, but certain large box retailers can give up to $140 per unit.
Barbara inquires as to how many apartments have been sold thus far this year, to which James responds that 1,700 have been sold thus far this year, with around 1,600 sold previous year.
AirBedz was popular among the Sharks. Kevin feels it’s too niche for him, therefore he’s out. Robert and Daymond are also out. Mark loves the goods, but instructs Pittman to “get off your ass and sell” or he’ll quit.
Barbara offers $250,000 in exchange for 50% ownership of the company. Pittman counters with $250,000 for 25% equity shares, and Barbara exits. Pittman eventually left the pitch without a deal.
What Happened to AirBedz after Shark Tank?
Since James and AirBedz appeared on Shark Tank and departed the pitch without a deal, James has polished his idea or sought outside aid to adequately market.
The AirBedz website is now a modernistic 2016 website that provides a range of information such as vehicle dealers and even a simple checklist where a truck owner can browse right to the page that has the AirBedz they require.
AirBedz are sold at a number of places, including Costco, Sears, and Sierra Trading Post. AirBedz’s pricing have also decreased somewhat.
AirBedz is presently accessible in 36 different states through merchants. In addition, James has expanded the AirBedz range to include AirBedz Pets, accessories, a backseat mattress, and even air mattresses that integrate his proprietary pump technology.
The firm was still in operation as of January 2022, with annual revenue of $1.7 million.
Net Worth of AirBedz
The company valuation was $1.7 million during and after the pitch. Since then the company have been operating as of January 2022 with annual revenue of $1.7 million. This justify that the company net worth had increased.
What is AirBedz?
AirBedz are inflatable truck bed and camping bed pads. These inflatable bed pads enable users to sleep in a vehicle with greater comfort than their standard truck beds, providing them with additional sleeping space.
Who is the inventor?
James Pittman, co-founder and CEO of AirBedz.
How much was asking on Shark Tank?
James was asking for $250,000 for 15% of the company, which worth $1.7 million.
Did he have the deal?
No, he didn’t have the deal on Shark Tank.
Is AirBedz still in business?
Yes, AirBedz is still in business as of January 2022.
Where is the location of AirBedz?
AirBedz is headquartered in San Antonio, Texas.
What are the qualities of AirBedz?
AirBedz are inflatable truck bed and camping bed pads that provide users with a comfortable place to sleep. These airbeds can both protect against unwanted dampness and provide additional sleeping space.
What is the target market of AirBedz?
The target market is the owners of trucks and SUVs who want to sleep in their vehicles more comfortably. The upper limit of AirBedz is that they can fit into a full size 8 foot box truck bed.
What is the cost of AirBedz?
AirBedz cost $200 and $269.
Are there any affiliate programs in AirBedz?
Yes, AirBedz have a referral program that allows affiliates to earn commissions.
What is an affiliate program in AirBedz?
An affiliate program in AirBedz allows one to earn commissions on products sold by the company. These commissions can be paid out to them through a refund check or payment for sales made through their account for at least six months.
How do I market AirBedz?
One can market AirBedz through, affiliate marketing, blogging and social media campaigns.
What is the annual revenue of AirBedz?
AirBedz had annual revenue of $1.7 million as of 2022.
Is AirBedz shipping?
Yes, AirBedz offer free shipping across the United States, with a minimum order of $49.
Is AirBedz tax deductible?
No, AirBedz are not tax deductible.
How do I pay AirBedz?
Customers can pay AirBedz through PayPal and Credit Card.
Does AirBedz have any patents?
AirBedz do not have any patents.
What is the size of AirBedz?
The sizes available in airbeds include full-size 8 foot truck beds to half-size 6 foot truck beds.
Which product is best of AirBedz?
The Backseat inflatable mattress is the best product in airbeds. It comes with a pump, allowing one to adjust the bed as they see fit. The back seat inflatable mattress also has an integrated pump, which can be stowed away if not in use.
Where is James Pittman now?
James Pittman is now CEO of the AirBedz.
What is the net worth of James Pittman?
James Pittman has an estimate net worth of $5 million.