BellyBuds Shark Tank Net Worth 2023
BellyBuds Shark Tank Net Worth
The BellyBuds is estimated to be worth $4 million, with roughly $110,000 in cash and $1.3 million worth of inventory.
According to Shark Tank Success, BellyBuds was founded in 2009 and has grown steadily since then. Celebrity stars Kim Kardashian and Christina Applegate have both used Belly Buds during their pregnancies, which likely increased demand for the product.
After appearing on Shark Tank in 2018, BellyBuds experienced a surge in traffic and retail sales, tripling over the weekend and settling out at about double in the week after the show.
Today, are available online through their website and other retailers such as Amazon.
What is BellyBuds? Who is the Founder of BellyBuds?
BellyBuds is a prenatal audio system intended for expectant mothers to share music with their unborn child. The buds were created so that women could move around while still playing music for their baby in the womb.
The concept for BellyBuds was developed by William Curtis, who enlisted the help of his friend and product designer, Matt Von Wadden, to construct the audio device.
Currently, the creators of BellyBuds are working to save their business after a decrease in revenue.
William came up with the idea for the product after realizing that his pregnant wife wanted to play music for their unborn child but was unable to do so because of other responsibilities.
He partnered with a friend to design the product, and they conducted research that revealed that exposing a fetus to music after 20 weeks is crucial for the baby’s voice and sound recognition development.
BellyBuds gained widespread attention after being featured on popular TV shows such as Keeping Up with the Kardashians and Modern Family.
BellyBuds Shark Tank Pitch
In November 2013, the creators of BellyBuds, Curtis Williams and Matt Von Waaden, presented their company on Shark Tank, hoping to secure a $500,000 investment in exchange for 12.5% equity, resulting in a $4 valuation.
To showcase the product, they brought a pregnant model and demonstrated how BellyBuds stick to the belly to stimulate the baby’s hearing while still in the womb.
The company’s sales were $300,000 in the first year (2012), with sales exceeding $500,000 in the first half of 2013.
Although their revenue was good, the company was losing money due to underselling their product to other retailers, which jeopardized their ties with key retailers.
However, the entrepreneurs managed to resolve the situation by pausing sales until the underselling firms sold their inventory, thus preserving their relationships with important retailers. Each BellyBuds bundle cost less than $10 to produce, and they retail for $49.99.
During the Shark Tank episode, Lori Greiner inquired about the company’s patent, and Matt stated that they had a pending patent, along with multiple trademarks.
However, Lori pointed out that trademarks would not prevent their product from being duplicated. Kevin O’Leary doubted the company’s value, and Barbara Corcoran refused to make an agreement since she found the company’s $500,000 valuation to be excessive.
Robert Herjavec felt that the competition was too fierce, and the company lacked a market niche.
Mark Cuban added that the absence of a patent would leave them vulnerable to knock-offs. Consequently, BellyBuds left the show without securing an investor.
After the Shark Tank appearance, the company’s website traffic surged from 200-300 daily hits to 15,000 the night of the episode.
Additionally, retail sales doubled over the weekend and stabilized at almost double in the following week. BellyBuds are now available online and in retail stores such as Amazon, Babyland, and BuyBuyBaby, both in the United States, Canada, and internationally.
In 2017, the company rebranded as WaveHello and expanded its product line to include the Soundbub, a plush toy/radio, the LoveBub, a lamb-headed blankie that plays music and white noise, and a newborn footprint/handprint kit that can be framed. As of August 2021, WaveHello’s annual sales had grown to $5 million.
BellyBuds Net Worth
Owners pitched their firm on Shark Tank seeking a $500,000 investment in exchange for 12.5 percent of the company. This represents a $4 valuation.
BellyBuds Competitors
Babausa is a competitor of BellyBuds.
BellyBuds FAQS
What is BellyBuds?
BellyBuds is a “prenatal sound system” designed for pregnant women to listen to music for their unborn child.
The buds were created to let the expecting woman to walk around while still playing music to her unborn child.
Who is founder of BellyBuds?
Curtis Williams and Matt Von Waaden.
How much were they asking in the Shark Tank?
Curtis Williams and Matt Von Waaden were seeking a $500,000 investment in exchange for 12.5 percent of the company.
Did they get the deal from the Sharks?
They did not get any investment from the sharks.
When did they start BellyBuds?
Curtis Williams and Matt Von Waaden got the BellyBuds Business started back in 2009 and has been growing at a steady rate ever since.
Where is the headquarters of Belly Buds?
Belly Buds’ headquarters are in Los Angeles, California, USA.
What exactly is the Belly Buds industry?
Belly Buds works in the Audio and Video Equipment Manufacturing business.
What is the phone number for Belly Buds?
The phone number for Belly Buds is (866) 500-2627.
What exactly is the Belly Buds website?
The website for Belly Buds is www.wavhello.com.
What year did Belly Buds begin?
Belly Buds began in 2009.
Are BellyBuds safe?
BellyBuds are safe customized speakers that softly stick to their baby belly and securely deliver memory-shaping sound straight to the womb.
BellyBuds is a safe and effective first step in connecting with their soon-to-be bundle of joy, whether it’s a relaxing melody or a bond-forming voice message.
Are Belly Buds worth it?
5.0 stars out of 5, it’s well worth it.
How do they use BellyBuds?
Plug their BellyBuds into any regular digital music player to get started. They then have two options on how to wear them:
1) No adhesive required – simply tuck them into their pregnant jeans or pregnancy support gear.
2) Adhesive – attach them to their abdomen with the supplied skin-safe Adhesive Disks.
Can they use belly buds with iPhone?
BellyBuds Baby Bump Headphones are compatible with the iPhone 7, as long as they include the Apple aux converter to plug into the 3.5mm aux jack.
Is it good to put headphones on pregnant belly?
Do not put earbuds or headphones straight on their stomach. The sound will magnify as it flows through the amniotic fluid to their baby, perhaps damaging their kid’s fragile ears.
Should they play music for their baby in the womb?
Listening to and experiencing music stimulates the brain of the foetus and aids in the development of brain structures.
According to new research, new-borns recall music they heard in the womb for up to four months after birth.
What volume should BellyBuds be on?
When wearing headphones on their belly, it is advisable to keep the music at or below 70 decibels.
When can they start using BellyBuds?
At around 20 weeks, a baby’s hearing is fully developed. Memories begin at the age of 30.
What is the net worth of Curtis Williams?
Unknown.
What is the net worth of Matt Von Waaden?
Unknown.
