Busy Baby Mat Shark Tank Update| Busy Baby Mat after Shark Tank

What is Busy Baby Mat?

Busy Baby Mat is a two-sided baby play mat for children from newborn to three years old.

Busy Baby Mat is colorful and engaging with its brightly colored designs, it is soft and cuddly, making it comfortable for the child to lie on.

Busy Baby manufactures silicone placement mats that keep infants occupied while their moms perform household tasks.

Busy Baby was started by Betty Fynbo in late 2017 following the birth of her first child.
A memorable lunch engagement with friends during which they spent the most of their time stooping down to pick up their 1-year-olds’ toys inspired the idea for a gadget that would prevent toys from falling (or being hurled) off a table or high chair.

Who is the founder of Busy Baby Mat?

Beth Fynbo founded Busy Baby in late 2017 after the birth of her first child.

It is a lunch with friends, during which they spent the most of their time leaning down to pick up their 1-year-olds’ toys, sparked the idea for a device that would prevent toys from falling (or being thrown) off a table or high chair.

In 2018, Fynbo, an army veteran, enrolled in a 12-week entrepreneurship course at Bunker Labs, a non-profit organization committed to supporting military veterans and their families in developing successful businesses.

She learnt about MN Cup, a startup competition run by the University of Minnesota’s Carlson School of Management.

She currently co-owns the business with her brother, Eric. Beth also completed a 12-week Bunker Labs entrepreneurship course geared at veterans prior to starting the firm.

The mats are available in a range of colors. Each mat comes with four tethers for $29.99. On her website, she also offers tethers, rattles, and more tethers.

In 2017, she co-founded the firm with her younger brother, Eric.

They launched a failed Kickstarter campaign in October 2018, yet they persisted. They are now available through their Amazon Store.

What Happened to Busy Baby Mat at Shark Tank pitch?

Beth sought the Shark Tank investor for assistance with production and inventory after her Kickstarter campaign failed.

Beth joins the Shark Tank seeking $250,000 in exchange for a 5% stake in her firm, which is valued at $5 million.

She makes her pitch, shares her tale, and then distributes samples. She holds two patents and has a strong sales record. Each item is $6 to manufacture and retails for $24.99.

Sales to date total $343,000, and she anticipates closing in 2020 with $900,000, of which $200,000 is profit.

Mark goes out of the business after Lori makes a $250,000 offer for a 20% stake in the firm. Lori is interested in licensing it.

Beth counters with a $250,000 offer for 10% stake in her firm, but Lori insists on 20% ownership.

Robert asserts that Lori’s offer is superior to his own; he exits the deal.

Daymond declares that he is exiting the baby goods area at the moment. Kevin refers to her as a Rock star due of the difficulty of launching a baby product; he’s out.

Beth counters with a counter offer of $250,000 for 15% equity shares, stating that she is unable to go over 15%.

Lori returns with $250,000 for an 18% equity shares, and they continue negotiating. Beth is adamant in her stance, and they do not strike a deal.

What Happened to Busy Baby Mat after Shark Tank?

Following Beth’s departure from the Sharks without an agreement, the firm continues to operate. The first replay of this episode occurred in July 2021, barely four months after it first aired.

The firm sold more than 6000 units in two days than it normally does in a month and a half.

She has also invented a baby spoon and a smaller mat to suit high chairs after the show aired. She did end 2020 with a million dollars in sales and anticipates $4 million in 2021.

Competitors of Busy Baby Mat

Busy Baby Mat has several competitors in the market. With this being said, it is natural for manufacturers to compare their products with others.  Here are some of the common competitors for Busy Baby Mat: Claire’s Toy Box and Jumbo Tumblin’ Mat.

Net Worth of Busy Baby Mat

During the pitch the company was valued at $5 million and they have made a lot of sales annual anticipated revenue of $4 million which might make the company valuation to rise in 2021.

Busy Baby Mat FAQs

What is Busy Baby Mat?

Busy Baby Mat is a two-sided baby play mat for children from newborn to three years old.

Busy Baby Mat is colorful and engaging with its brightly colored designs, it is soft and cuddly, making it comfortable for the child to lie on.

Busy Baby manufactures silicone placement mats that keep infants occupied while their moms perform household tasks.

Who is the founder?

Beth Fynbo founded Busy Baby in late 2017 following the birth of her first child. A memorable lunch engagement with friends during which they spent the most of their time stooping down to pick up their 1-year-olds’ toys inspired the idea for a gadget that would prevent toys from falling (or being hurled) off a table or high chair.

What is her offer on Shark Tank?

Beth Fynbo was seeking for $250,000 for a 5% stake in her company at valuation of $5 million.

Did she get the deal?

No, Busy Baby Mat did not get the deal on Shark Tank.

Is still in business?

Yes, Busy Baby Mat is still in business.

How is Busy Baby mat doing?

Busy Baby mat is still in business and has been doing well selling their products.

Is there a link to the website?

Anyone can get more information on the product and how to order from the site.

How much is Busy Baby mat worth?

It was worthwhile: Busy Baby exceeded $900,000 in sales in 2020, a whopping 900% increase over the previous year. Fynbo anticipates Busy Baby to surpass $4 million in sales this year if present trends continue.

Is it safe?

The mats are made from thick and durable foam with a nylon tether, so they are safe for children. The colors are non-toxic and the silicone surface is smooth and soft.

If you want to know the latest information about Busy Baby Mat, this is the most reliable source.

How much per unit?

The mats cost $29.99 with 4 Tethers included in each mat at time of purchase.

How much does it cost to ship?

Shipping costs $9.99 per item, each additional item is $2.99.

How long does it take to receive your order?

Shipping normally takes between 2 and 7 days.

How can we contact the company?

One contacts them on email [email protected]

Is it profitable?

Busy Baby Mat is profitable and has made a lot of sales in the past. It’s likely to make more since it has continued to grow each year.

What are its risks?

The business faces some potential risks, like losing customers that may want the firm to branch out into other products like beds or car seats.

There are also competitors that may offer similar products at lower prices, which could affect the company’s future success.

How is the business model?

The company sells mats that help parents keep things off the floor or high chair, while keeping babies entertained and happy.

What does the future hold for Busy Baby Mat?

The company faces some potential risks, like losing customers that may want the firm to branch out into other products like beds or car seats.

There are also competitors that may offer similar products at lower prices, which could affect the company’s future success.