Bibbitec Shark Tank Update| Bibbitec after Shark Tank
What is Bibbitec?
Bibbitec is water, stain, and odor resistant, and can be cleaned using a standard baby wipe. This makes it possible to utilize it frequently during the day.
It is a bigger bib than a conventional bib, so when it spills, the baby’s clothing are less likely to get wet or dirty.
Susie Taylor, founder of Bibbitec, Taylor invented the Bibbitec after being dissatisfied with a bib that absorbed moisture and spilt meals.
Bibbitec combine a burp cloth, changing pad, nursing shield, full-body bib, placemat, breathable stroller blanket, art smock, napkin, and apron. The patented Bibbitec is multi-functional.
It can be used as a burp cloth, feeding bib, drying pad, changing pad, nursing shield, placemat, art smock and napkin. By using different combinations of the products can function as many things as they like.
Taylor’s critics claim that her product is not marketable because of the lack of marketing around that product.
Who is the founder of Bibbitec?
Susie Taylor, founder of Bibbitec’, Taylor invented the Bibbitec after being dissatisfied with a bib that absorbed moisture and spilt meals.
Taylor created and manufactured Bibbitec in the United States of America with non-toxic cloth. Bibs come in three tiny sizes for newborns, medium for toddlers, and large for older children who get sloppy on occasion.
Susie Taylor, a stay-at-home mother of two from San Diego, California is the founder of the Bibbitec.
In January 2011, Taylor thought it would be a great idea to combine her burp cloth and changing pad so that she did not have to purchase a separate burp cloth or a separate changing pad for her baby.
At first she experimented with bibs at home before taking her idea to market.
Taylor also combined her two favorite cloths to create a full-body bib that made her life easier. She just wanted to have one cloth that she could use for everything, so she invented the Bibbitec.
Susie’s husband, Steve, helps with the marketing of the Bibbitec. He is Susie’s marketing director and handles all of the advertising, social media presence, and public relations for Bibbitec.
What Happened to Bibbitec at Shark Tank pitch?
Susan Taylor, founder of Bibbitec, was hoping to demonstrate her multi-tasking super bib on Shark Tank pitch as they looked for partnership with the Sharks.
Susie and her husband, Steve, showed up. They were asking about $40,000 for a 14% stake in the company at the valuation of $285,714.
The bib is constructed of a patented fabric and costs around $15 to create. Over the last year, the company has made $17,000 in sales, the majority of which have come through internet sales.
Mark loves the goods but believes the Taylors want a top-tier salesperson he is out of the deal. Barbara believes that other parents would be the ideal salesperson, but her gut instinct urges her to back out of the deal.
Kevin considers it a pastime with low margins, and he has exited the deal.
Daymond and Robert both left the deal because they believe there is too much education about the product required. Finally Susie exited the pitch without any deal with the Sharks.
What Happened to Bibbitec after Shark Tank?
Following the failure with Sharks, the firm experiences great sales once the Shark segment is shown. On the weekend the episode aired, the firm sold roughly $40,000 in bibs.
The Shark Tank Effect brought a large number of traffic to their website, which resulted in a large number of purchases. This occurs regularly when a product captures the attention of viewers.
Susie took her bibs to the New York Baby Show in May 2013 in search of consumers, and the firm looks to be gaining traction with discriminating women worldwide.
Susie dissolved her company and ceased selling handmade bibs in July of 2018, and the website is no longer available.
Net Worth of Bibbitec
During the Shark Tank pitch the company was valued at $285,714 and thereafter they makes some sales and finally shut its doors in 2018 which the valuation of the company currently is unavailable in 2021.
Bibbitec FAQs
What is Bibbitec?
Bibbitec is water, stain, and odor resistant, and can be cleaned using a standard baby wipe. This makes it possible to utilize it frequently during the day.
Who is the founder?
Susie Taylor is the founder of Bibbitec.
Why was Bibbitec invented?
Susie Taylor invented the Bibbitec after being dissatisfied with a bib that absorbed moisture and spilt meals.
What is their offer on Shark Tank?
Susie was asking for $40,000 for 14% equity shares of their business at valuation of$285,714.
Did they get the offer?
No, all Sharks declined their offer.
What do they look like?
They come in three tiny sizes for newborns, medium for toddlers, and large for older children who get sloppy on occasion.
They come in three tiny sizes for newborns, medium for toddlers, and large for older children who get sloppy on occasion.
How was Bibbitec created?
Bibbitec combine a burp cloth, changing pad, nursing shield, full-body bib, placemat, breathable stroller blanket, art smock, napkin, and apron.
Is Bibbitec safe?
The bib is made from 100% food-grade polyester. It can be used as a burp cloth, feeding bib, drying pad, changing pad, nursing shield, placemat, art smock and napkin.
By using different combinations of the products it can function as many things as they like.
How do I use it?
The patented Bibbitec is multi-functional.
How is it made?
Bibbitec is constructed in the United States and the manufacturing process takes roughly one day to complete.
What does Bibbitec look like?
It’s reversible unlike every other bib one will ever see! The colorful side can be used as a baby burp cloth to protect your clothing from spit-up and drool.
How Bibbitec does make money?
Bibbitec takes a small cut of each retail sale, while the majority of money is made through royalties.
Where can I buy Bibbitec?
Bibbitec can be purchased online.
How is the business model?
The company makes money through royalties and takes a small cut of each retail sale.
When did they start the business, and how long have they been in this industry?
Bibbitec started in January 2011 when Susie was at home with her two kids after returning from maternity leave. She uses her bib for everything.
How do I pay?
Payments are made using PayPal or credit card. There are online retailers, but there is no official brick and mortar location for this retailer.
Is there a website?
Yes there is a website http://www.bibbitec.com/. But the website is no longer live.
