AquaPaw Shark Tank Net Worth 2023
AquaPaw Shark Tank Net Worth
Aquapaw’s net worth before appearing on Shark Tank was 2 Million USD (business valuation), and the founders’ net worth is estimated to be 2 Million USD as of 2022.
Aquapaw, a pet bathing accessory founded by Tom Zipprian and Daniel Lentz, was featured on Shark Tank USA in January 2019. The company has since grown to an annual revenue of $4 million as of May 2022.
What is AquaPaw? Who founded AquaPaw?
AquaPaw is a company that offers a range of innovative pet-washing gadgets and accessories designed to simplify bath time for pets and their owners.
The main product of AquaPaw is the Pet Bathing Tool, which is a wearable sprayer scrubber attached to an 8-foot hose. This pet brush and bathing gadget in one can be used by connecting it to a garden hose.
The AquaPaw allows users to control the direction of the water and have it come out of the palm of their hand, making it easy to wash and scrub their dog effectively.
The inventor of AquaPaw, Daniel Lentz, who has been a dog owner his entire life, created the device after spending seven years as an industrial designer. He wanted to make dog bathing more efficient for dog owners.
After a successful Kickstarter campaign that raised $42,073, AquaPaw began manufacturing and shipping its product worldwide.
The product also received the Best in Show award at the Global Pet Expo, which increased its exposure and demand.
AquaPaw can be purchased for $25 on Amazon and the company’s website. They also offer a “slow treater” that pours dog goodies into the bath to help pets stay still during washing.
AquaPaw is now gradually being offered by major pet shops, and the founders decided to enter the Shark’s Tank to secure the necessary funds after observing the demand for their product.
AquaPaw Shark Tank Pitch
In season ten, episode ten of Shark Tank, Tom and Daniel appeared seeking $200,000 in funding in exchange for a 7.5% share of their company, which indicates a valuation of $2,666,666.67. During their presentation, they shared their story, pitched their product, and distributed samples.
The entrepreneurs have generated $200,000 in sales over a period of nine months, with each unit costing $5.25 and wholesaling for $12.50, but they believe that the cost can be reduced to $4.50 with increased production.
Their product retails for $24.99, and they have a pending patent. They also plan to expand their store in the future by adding a soap dispenser and other items.
Robert offered $200,000 for a 25% stake in the company, while Lori did not show interest in investing. Daymond, who was referred to as “Mr. Petco” by Lori, offered $200,000 for 30%, and Bethenny also offered $200,000 for 30%.
When the entrepreneurs asked Daymond and Bethenny if they would consider a joint venture for $200,000 for a 20% stake, they were insulted.
Robert was offended by his exclusion and decided not to invest. Bethenny later left the deal, and Daymond maintained his offer of $200,000 for a 30% stake, which the entrepreneurs declined. As a result, they left the show without an agreement.
AquaPaw has continued to operate profitably and sell its products on Amazon, Chewy, Petco, its own website, and other pet stores.
They have also developed a Treater Treat Dispenser Mat, which is a suction-based tray that can be used to entertain and groom dogs while teaching them. Both AquaPaw products have received excellent 5-star ratings on Amazon.
The company is still operating as of June 2021, with yearly revenue of $4 million.
AquaPaw Net Worth
Tom and Daniel appear on Shark Tank season ten episode ten in search of $200,000 in exchange for a 7.5 percent stake in their firm. This indicates a value of $2,666,666.67. The current net worth is undisclosed.
PetSpy, Furtrieve, and Otterly Pets are some of the companies that sell pet accessories and they compete with AquaPaw.
Aquapaw Shark Tank Update
Aquapaw is a pet bathing tool designed to make cleaning pets more convenient and one-handed. Its founders, Daniel Lentz, and Tom Zipprian, appeared on Shark Tank in January 2019 seeking an investment of $200,000 in exchange for 7.5% of their company.
During their pitch, Lentz mentioned their successful Kickstarter campaign from 2016 that exceeded its goal of $40,000. Despite their imputed valuation of $3 million confusing the Sharks, Daymond John and Bethenny Frankel made identical offers of $200,000 for 30% equity.
However, after struggling to negotiate, Lentz and Zipprian turned down Daymond’s offer and walked out of the tank, rejecting it after the remaining Sharks got impatient and dropped out.
Although they did not receive a deal, Aquapaw remains in business and active on most social media platforms as of 2023. Lentz founded the company in 2017.
At the time of their Shark Tank presentation, Lentz and Zipprian had done about $200,000 in sales in about eight months, most of which was through their website with almost no marketing budget, although they did have a relationship with the moderately sized retailer Uncommon Goods.
After Shark Tank, Lentz sold Aquapaw to Cap Hill Brands, a consumer products company that specializes in product development and marketing. Aquapaw has exceeded projections and is now available nationwide.
AquaPaw Shark Tank Table Summary:
|Tom Zipprian and Daniel Lentz
|Pet Bathing Tool (wearable sprayer scrubber attached to an 8-foot hose)
|Treater Treat Dispenser Mat
|Revenue (May 2022)
|Net Worth (Business Valuation) Before Shark Tank
|Shark Tank Deal
|Shark Tank Offer
|$200,000 for 25% (Robert), $200,000 for 30% (Daymond and Bethenny)
|PetSpy, Furtrieve, Otterly Pets
|Sales before Shark Tank
|$200,000 in 9 months
What Happened To Aquapaw After Shark Tank?
Aquapaw is a pet bathing accessory that was pitched on Shark Tank in Season 10 Episode 10. The founders, Daniel Lentz and Tom Zipprian asked for $200,000 for 10% of their company. The sharks were confused with the company’s imputed valuation of $3 million.
Guest sharks Bethenny Frankel and Daymond John made identical offers of $200,000 for 30% equity. After struggling to negotiate, Daniel and Tom turned around and walked out of the tank rejecting Daymond’s offer after the remaining sharks got impatient and dropped out.
After leaving Shark Tank without a deal, Aquapaw remains in business and active on most social media platforms.
Since its appearance on Shark Tank, Aquapaw has expanded its product offering to make bathing pets even more manageable. The company has done even better and is worth investing in for the convenience of both pets and their owners.
What Is Aquapaw And What Did They Pitch On Shark Tank?
Aquapaw is a company that produces pet washing devices and accessories to make bath time easier for both pets and their owners. Their main product is the AquaPaw Pet Bathing Tool, which is a wearable sprayer scrubber connected to an 8-foot-long hose.
The founders of Aquapaw, Tom Zipprian, and Daniel Lentz, appeared on Shark Tank in season 10, episode 10, seeking $200,000 for 7.5% equity in their company.
During their pitch, they mentioned their successful Kickstarter campaign in 2016. The sharks made several offers, but the founders ultimately turned them down and left without a deal.
Since its appearance on Shark Tank, Aquapaw has expanded its product offerings to make pet bathing even more manageable. The company remains in business and active on most social media platforms as of 2023.
In a review of Aquapaw after Shark Tank, it was noted that the company has done even better since appearing on the show and is worth investing in for the convenience of both pets and their owners.
Which Sharks Made Offers To Aquapaw?
Aquapaw, a wearable, sprayer-scrubber combination that makes bath time easier for pets and their owners, received multiple offers from sharks on ABC’s Shark Tank. However, the company ultimately decided not to take a deal.
The sharks really liked the product overall as well as the potential of the company. Aquapaw used crowd feedback and the momentum of its Kickstarter campaign to grow and expand the brand.
Since its creation, Aquapaw has received numerous accolades for its efforts, including Best in Show in the dog category at the pet industry’s largest annual trade show, Global Pet Expo, and an Industry Recognition Award from Pet Business magazine.
What New Products Has Aquapaw Released Since Appearing On Shark Tank?
Aquapaw is a pet bathing tool that allows for more convenient and one-handed cleaning. The founders, Tom Zipprian and Daniel Lentz appeared on Shark Tank in 2019 seeking an investment of $200,000 in exchange for 7.5% of their company.
However, they left the show without a deal as they did not want to give up so much equity in their company.
Since appearing on Shark Tank, Aquapaw has become available in retailers nationwide, including Amazon, Petco, Walmart, and Chewy.
As of April 2023, the Aquapaw can be found on Chewy, Amazon, the Aquapaw company website, and at various pet retailers. The company has also released a new product called the Treater Treat.
Daniel Lentz founded the company in 2017. At the time of their Shark Tank presentation, Lentz and Zipprian had done about $200,000 in sales in about eight months. The company has continued to grow since then, with its products being sold in major retailers and the release of a new product.
Did Any Of The Sharks Invest In Aquapaw?
Aquapaw received offers from several sharks on Shark Tank but ultimately decided not to take a deal.
Robert Herjavec offered $200,000 for a 25% investment, while Daymond John and Bethenny Frankel offered $200,000 for a 20% investment. Despite the offers, Aquapaw left the show without a contract for their product.
What Is The Current Status Of Aquapaw?
Aquapaw is a company that produces a pet grooming tool allowing pet owners to wash and rinse their pets with one hand. The company was founded in 2017 by Daniel Lentz and Tom Zipprian. In 2018, Aquapaw was awarded the title of “Best in Show” at the Global Pet Expo.
After appearing on Shark Tank, Aquapaw turned down multiple offers and left without a contract for their product. However, the company remains in business and is active on most social media platforms as of 2023. The company is available nationwide and has beaten projections.
Aquapaw’s product line has expanded to include the Slow Treater, a licking mat made of food-grade silicone that can be stuck to a wall or the side of a bathtub to distract pets while they are being bathed.
Aquapaw has filed two patents related to its product. The company’s revenue is less than $5 million.
How Has The Company Grown Since Appearing On Shark Tank?
Appearing on Shark Tank has been a powerful way for entrepreneurs to grow their businesses, as it gives them free national publicity and a chance to raise capital.
Many entrepreneurs that appeared on Shark Tank saw huge boosts in traffic, revenue, and customers, even if they didn’t get a deal with one of the Sharks. For example, after appearing on Shark Tank, Nopalera received 6,000 orders in eleven days and made over $300,000 in sales.
Some companies that struck deals with the Sharks have gone on to great success, including tripling and even quadrupling their annual sales.
For instance, Simple Sugars went from getting about 1,000 online orders in a few months to 10,000 orders the night their episode aired. Simple Sugars finished out 2013 with $2.1 million in sales, compared to 2012 when they closed at $88,000 in sales.
Several businesses that appeared on Shark Tank have been pitched as franchises or evolved into franchises. For example, the Shark Tank franchise reached 35 locations before contracting and selling to GSR Brands.
Today there are 12 locations but more coming, with a focus on scaled-down menus and stores. Another example is the painting and drinking business model that attracted Kevin O’Leary, which has now expanded to over 40 studios and food trucks in 16 states.
What is AquaPaw?
AquaPaw is a product that simplifies bath time for both pet owners and their dogs.
Who is the founder of AquaPaw?
Daniel Lentz, the inventor of the AquaPaw, has been a dog owner his entire life.
How much were they seeking in the Shark Tank Pitch?
They were seeking $200,000 in exchange for a 7.5 percent stake in their firm.
Did AquaPaw get the deal from the Sharks?
They received multiple offers from sharks but ultimately decided not to take any deal
What is the price of AquaPaw?
The AquaPaw Pet Bathing costs $5.25 to make, wholesales for $12.50 and retails for $24.99
Where can they buy AquaPaw?
They can buy it from their website and Amazon.
What happened to AquaPaw?
Along with the AquaPaw Pet Bathing Tool, they offer the Slow Treater and the Equine Bathing Tool. The AquaPaw is still in business today, selling things on Amazon and through its online store.
How do they set up AquaPaw?
Attach the garden hose adapter to the garden hose or spigot using the screwdriver.
Completely engage the quick-connect at the end of the AquaPaw hose with the adaptor. They are prepared.
Is AquaPaw still in business?
As of June 2021, AquaPaw continues to be in operation with a yearly revenue of $4 million.
How much is AquaPaw on Amazon?
AquaPaw is available for $25 on Amazon.
Where is AquaPaw made?
The AquaPaw is made in China.
Where can they buy AquaPaw?
They can buy it from their website and Amazon.
Where is AquaPaw based?
AquaPaw is based in San Francisco, California.
How does AquaPaw work?
The AquaPaw Bathing Tool is the world’s first wearable sprayer scrubber that is activated and deactivated by simply forming a fist and pushing the revolutionary on/off button in the palm’s center.
What is the phone number for AquaPaw?
AquaPaw may be reached at (540) 230-9368.
What is the Aquapaw website?
AquaPaw website is www.aquapaw.com.
Aquapaw was founded in what year?
AquaPaw began operations in 2016.
What is the net worth of Daniel Lentz?
Daniel Lentz’s net worth is unavailable.
Is AquaPaw a patent?
The AquaPaw is patented.
How many reviews does Aquapaw have on Amazon?
It has an average rating of 4.6 stars out of 5.
Does AquaPaw have any social media presence?
Aquapaw has a Facebook page, Twitter account, and Instagram account.
Is Aquapaw a private or a public company?
It is a privately owned company.
What materials are AquaPaw made of?
The scrubber is made entirely of FDA-grade silicone, which is powerful enough to scrape dense fur clean while being soft enough to be kind on more sensitive regions.
The strap conveniently adjusts to accommodate various hand sizes and comes with an 8-foot hose for ease of usage and great reach.