CuddleTunes Shark Tank Update | CuddleTunes after Shark Tank
What is CuddleTunes?
CuddleTunes is a charming teddy bear that has an MP3 player. Children may play music, and adults can pre-record their voices to play through the device as well.
What distinguishes CuddleTunes is the ability to upload your voice online and have the integrated MP3 player download it; this keeps material fresh.
Mike Robinson is the creator of the Cuddle Tunes Bear. You may listen to the music online for free whenever you want, or you can buy it and install it directly inside the teddy bear.
Because the entire process is done online, it allows others to connect with your child in some novel and innovative ways. Their grandparents can read them a story from any location in the planet.
Who is the founder of CuddleTunes?
Mike Robinson is the founder of the Cuddle Tunes Bear in 2009. The headquarters of CuddleTunes are in Los Angeles, California, USA.
Mike Robinson came up with the concept for Cuddle Tunes, his smart teddy bear, while traveling for work and leaving his children behind. When he couldn’t be there in person, he utilized it to interact with them and tell them goodnight tales.
Traveling parents may update their child’s profile every night for a personalized goodnight message. The firm website has all of the information and technology needed to tailor the sounds of each Teddy Bear.
Parents who travel frequently, grandparents who live far away, and parents of sick children may use the CuddleTunes bear to read a tale, sing a song, or even say evening prayers to their favorite child.
For tiny children, a cuddly bear is far more soothing than a phone or a computer screen, and it may make them feel closer to someone who is unable to be present for whatever reason.
What Happened to CuddleTunes at Shark Tank pitch?
Mike decided to take his concept to the Sharks for help with scaling and marketing in episode 14 of Season 4 of CuddleTunes on Shark Tank.
Mike comes to Shark Tank asking for $400,000 for a 20% stake in the company, which was valued at $2 million.
Mike designed the toy for his own children, whom he was away from for extended periods of time while on work. He has put around $1 million into the company and its patented technologies. When Mike fails to provide a straight explanation concerning his sales stats, the Sharks become agitated.
They become even more agitated when Mike mentions that some of his investment money represents the worth of his time.
Barbara recalls her father playing songs on a cassette player when she was a child; it made her sad that her father was not around, so she goes out.
Mark finds nothing distinctive about the company and exits as well. Daymond and Robert are not far behind. Kevin does not believe the business is worthwhile, and he exits as well.
Mike learns the hard way that sharks aren’t particularly cuddly. He eventually left the pitch without a deal.
What Happened to CuddleTunes after Shark Tank?
Despite the fact that Mike left the pitch without a deal, it was discovered in an interview with Mike Robinson that Mike’s whole tale was not featured in the edit.
CuddleTunes works extensively with the military. Families of deployed soldiers make up a sizable portion of the business. Grandparents also account for around half of all sales.
While Mike would not reveal precise sales data, his company is still in operation, and he experienced a good 3000 percent boost in website traffic following the presentation, which he maintained for several weeks.
Unfortunately, the Shark Tank impact was short-lived. Mike closed the business in 2016. He will be the Entrepreneur in Residence and Business Mentor at the University of Washington beginning in August 2021.
Competitors of CuddleTunes
Cuddle Tunes top competitor is Baby JOYs.
Net Worth of CuddleTunes
The company was valued at $2 million during the pitch, since then the company closed its doors in 2016 and hence the company net worth is unavailable.
What is CuddleTunes?
A company that markets teddy bears with MP3 players known as ‘CuddleTunes’ that impacts the lives of families, parents and children.
Who is the founder?
Mike Robinson is the founder of CuddleTunes.
How much was asking on Shark Tank?
Mike was seeking for $400,000 for a 20% stake in the company, which was valued at $2 million.
Did he have the deal?
No, Mike failed to provide a straight explanation concerning his sales stats, the Sharks become agitated.
Is CuddleTunes still in business?
CuddleTunes is no longer in business.
Was CuddleTunes legit?
Yes, CuddleTunes was legit and worked extensively with the military. Families of deployed soldiers make up a sizable portion of the business. Grandparents also account for around half of all sales.
How much is CuddleTunes worth?
Cuddle Tunes closed its business in 2016 and hence its net worth is unavailable.
What is the domain name of CuddleTunes?
CuddleTunes domain was not available to buy.
Why is it called CuddleTunes?
The teddy bears are named ‘CuddleTunes’ because they allow children and parents to listen to music together, as well as a way for people who can’t be with their loved ones to reach out to them.
How does CuddleTunes work?
Cuddle Tunes works by downloading stories, songs, or prayers from the internet into teddy bears that are so incredibly adorable that you will want to hold them every moment of your life.
What does CuddleTunes do?
Cuddle Tunes serves as an excellent way to keep families connected. Parents who are traveling for business or vacation can update their children’s profiles through, which allow them to hear a personalized message that is recorded from their parents’ voices.
Those who are unable to be with their loved ones connect in other ways through the use of technology.
Does Cuddle Tunes use song writing software?
No, the bear is a fully functional toy and player. The music comes from files sent over the internet by customers.
How was CuddleTunes make money?
The company makes money from the sales of the bear, which can communicate with the sound off using a USB cable. The bear can also be purchased and played with for use as a stress reliever for children.
How was the business model of CuddleTunes?
The business model was to sell the toy and bear, along with access to the site and app.
Was Cuddle Tunes a scam?
No, Cuddle Tunes was legitimate and worked extensively with the military. Families of deployed soldiers make up a sizable portion of the business. Grandparents also account for around half of all sales.
Is there a website of CuddleTunes?
No, there is no website.
Was CuddleTunes online?
Yes, it was online at Cuddletunes.com/products.
What is the official language of Cuddle Tunes?
The official language of the company is English (US). However, the site is available in various languages including Spanish and Chinese.
What is the return policy?
Cuddle Tunes does not have a return policy, however, it will accept returns in the event that a product is not as described.
Can CuddleTunes reach me?
CuddleTunes cannot reach customers, for any issue customers may get in touch with their customer service. Customers can contact them by sending mail to the following address: [email protected]
How do I buy CuddleTunes?
Click here to visit the official website of CuddleTunes.
How do I pay CuddleTunes?
Customers can pay CuddleTunes by using credit card, debit card and PayPal.
What is the net worth of Mike Robinson?
Mike Robinson net worth is estimated at $1.5 million.