Dare-U-Go Shark Tank Net Worth 2023
Lisa D’Amato, the founder of Dare-U-Go, appeared on Shark Tank in March 2019 and sought an investment of $350,000 for 10% equity. That gives the company valuation initially estimated at $3.5 million during the pitch.
Although she was not successful in securing the investment, her company has grown phenomenally since then and the business has generated over $46 million.
With her business clearly thriving in February of 2022, it is still unknown if Lisa accepted Barbara Corcoran’s offer or any other interested distributors she has mentioned; either way, the company’s net worth has undeniably gone up accordingly with time.
What is Dare-U-Go?
Dare U Go is a versatile bib that provides 5-in-1 storage and can be easily folded when not in use. It conveniently folds into an airtight container, ensuring that food remains fresh and secure. The bib contains 5 compartments, allowing for each item to be separated.
Additionally, Dare U Go is dishwasher and microwave safe, making it a convenient option for parents. Lisa D’Amato, a former top model and now a single mother of two, founded Dare U Go.
She recognized the challenges faced by parents and toddlers during mealtime and created a hands-free approach to make mealtimes easier for toddlers.
D’Amato launched Dare U Go in 2017 through a successful Kickstarter campaign, raising $37,511. She started distributing merchandise in early 2018. Dare U Go is a modern twist on the traditional bib, made of food-grade silicone and fitting around a child’s neck like a regular bib.
The bib includes resealable compartments for storing food and snacks directly in the bib. As the bib is already on the child, it can also be used as a plate and is easily transportable.
Each Dare U Go bib costs $22.99 and comes with a spork. The bib is available in vibrant colors and can be purchased at Wal-Mart, Amazon, and various other retailers worldwide.
What Happened to Dare-U-Go at Shark Tank Pitch?
On an episode of Shark Tank, Lisa D’Amato presented her product, Dare U Go, which is a bib that doubles as a food container and serving dish. She was hoping to secure an investment from one of the Sharks to assist with the rapid growth of her company.
Lisa’s initial ask was $350,000 for a 10% stake in her company, which was valued at $3.5 million. During her pitch, she shared that she had generated over $100,000 in sales in just three months prior to appearing on the show. The product costs $2.68 to create and is sold for $22.99.
Lisa also mentioned that she was in a bidding war with three different corporations for distribution rights. After some discussion about her personal story and how it influenced her product, the Sharks began to make offers.
Mark was unhappy when Lisa claimed that the global bib market was worth $15 billion, as he felt this was a misleading type of pitch. He ultimately decided to pass on the opportunity.
Kevin was interested in the product for his “something great” platform and offered $350,000 for a 15% stake in the company, with the remaining $250,000 being a loan. He then increased his offer to 20% equity shares with the same loan/equity ratio each time a new Shark entered the negotiations.
Lori was impressed with Lisa’s skills and decided to pass on the deal, while Barbara believed that Lisa needed a partner to provide some control and offered $350,000 for a 50% stake in the company.
Kevin continued to raise his offer, eventually reaching 30% equity shares when Robert decided to exit the negotiations. Barbara then revised her offer to $350,000 for a 35% stake, along with $150,000 in cash and a $200,000 loan. Lisa accepted this offer and left the show with a deal.
As of the first rebroadcast in June 2019, the agreement with Barbara Corcoran was not yet finalized, but Lisa was able to secure a deal on her own for Dare U Go. Today, Dare U Go is widely available in retail stores, and the company’s Amazon Store has undergone a redesign.
Lisa may have made a deal with one of the three distributors she had mentioned instead of Barbara. By September 2020, the product will be available in 20 countries.
The company is still operational and thriving as of January 2022, with an annual revenue of $46 million.
Net Worth of Dare-U-Go
The company valuation was $3.5 million during the pitch, since then the company is still in business with annual revenue of $46 million as of January 2022 and hence the company’s net worth has gone up.
Dare-U-Go Shark Tank Updates
Dare-U-Go is a food storage company that offers a modern bib that doubles as a bowl/plate and a food container. The company was founded in 2016 by Lisa D’Amato, a former America’s Top Model contestant and All-Stars winner.
In March 2019, Lisa appeared on Shark Tank seeking an investment of $350,000 for a 10% equity stake in her company. During the show, Lisa admitted that her company had reached the $300,000 sales milestone in its first three months on the market.
She agreed to Barbara Corcoran’s offer of $350,000 for 35% equity ($150,000 in cash and $200,000 as a loan).
Since appearing on Shark Tank, there have been no recent updates on Dare-U-Go. However, the company’s website is still active and selling its products.
Dare-U-Go’s bibs are made of food-grade silicone and have a smooth neck rest for babies, with re-sealable compartments for storing snacks and food. The bibs are designed for travel and convenience for babies and toddlers.
Summary Table: Dare-U-Go Shark Tank
| INFORMATION | DETAILS |
| Company name | Dare-U-Go |
| Founder | Lisa D’Amato |
| Product | Versatile bib with 5-in-1 storage, dishwasher/microwave safe, made of food-grade silicone |
| Launch date | 2017 (through Kickstarter campaign) |
| Shark Tank pitch | March 2019 |
| Initial ask | $350,000 for 10% equity |
| Valuation during pitch | $3.5 million |
| Investment received | Offered $350,000 for 35% equity by Barbara Corcoran (details of whether accepted unknown) |
| Annual revenue (as of Jan 2022) | $46 million |
| Availability | Walmart, Amazon, and various other retailers worldwide |
Dare-U-Go FAQs
What Is Dare-U-Go, Founder, and How Does Dare-U-Go Work?
Dare-U-Go is a 5-in-1 food storage bib designed for on-the-go families with children aged 7 months to 7 years. It was created by Lisa D’Amato, a busy multitasking mom of two and winner of America’s Next Top Model All-Stars.
The bib is intended to help parents implement healthy, proportioned, homemade meals for their children while reducing landfill waste and saving time. The bib is also mess-free and folds into an airtight food storage container.
The product is designed to minimize the amount of landfill waste generated by on-the-go packaging, which currently accounts for 48% of all landfill waste.
Dare-U-Go is a bib and a food storage container with an additional spork (spoon and fork). The bib is made of silicone and is designed to protect a baby’s outfit while also working as a bowl/plate and a food container.
The product is appropriate for travel and convenient for babies and toddlers. The bib is available for purchase on the Dare-U-Go website.
Lisa D’Amato is the founder of Dare-U-Go, and Emily Doherty is the co-founder and marketing manager. Barbara Corcoran is an angel advisor for the company.
Dare-U-Go was featured on Season 10 of Shark Tank, where D’Amato pitched her business and agreed to Barbara Corcoran’s offer of $350k for 35% equity.
How Much Was Dare-U-Go Seeking On Shark Tank?
Dare-U-Go appeared on Shark Tank in Season 10 Episode 17, seeking an investment of $350,000 for 10% equity in the company. The pitch was made by Lisa D’amato, who created a silicone baby bib that doubles as a food storage container.
Barbara Corcoran made an offer of $350,000 for 35% equity in the company, which was accepted by D’amato.
Did Dare-U-Go Have The Deal?
Yes, Dare-U-Go did have a deal on Shark Tank. In Season 10, Lisa D’amato, the founder of Dare-U-Go, asked for $350,000 for 10% equity and ended up making a deal with Barbara Corcoran for $350,000 for 35% equity.
Since then, the company has grown and expanded to more than 20 countries, and Lisa D’amato is now worth $46 million.
What Happened To Dare-U-Go After Shark Tank?
Dare-U-Go is a 5-in-1 food storage bib designed for travel and convenience for babies and toddlers. The product was pitched on Season 10 of Shark Tank by Lisa D’Amato, the inventor and founder of Dare-U-Go.
She sought an investment of $350,000 in exchange for 10% equity and agreed to Barbara Corcoran’s offer of $350,000 for 35% equity ($150,000 in cash and $200,000 as a loan) 13.
In the company’s first three months on the market, Lisa admitted that Dare-U-Go had reached the $300,000 sales milestone right before coming onto the show.
Since appearing on Shark Tank, Dare-U-Go remains in business5. In 2020, just a year after airing on the show, Lisa stated that the bibs were pending. However, there is no recent update on the company’s progress or sales.
In a recent episode of Shark Tank, Lisa D’Amato was criticized by Mark Cuban for citing market statistics to predict the growth of her company. Despite this, Dare-U-Go continues to offer a solution to the messy affair of managing an infant’s food and drinks while on the go.
Is Dare-U-Go Still In Business?
Yes, Dare-U-Go is still in business. The company was founded in 2016 by Lisa D’Amato, a former America’s Top Model contestant and All-Stars winner, who came up with the idea for a 5-in-1 food storage bib that is appropriate for travel and convenient for babies and toddlers.
Dare-U-Go is a bib that not only protects a baby’s outfit but also works as a bowl/plate and a food container. It folds into a food storage unit that seals air-tight, keeping food fresh and safe. The product is dishwasher and microwave safe.
Dare-U-Go appeared on Shark Tank in March 2019, seeking $350,000 for a 10% investment in the business. Barbara Corcoran offered $350,000 for 35% equity ($150,000 in cash and $200,000 as a loan), which D’Amato accepted.
As of January 2022, Dare-U-Go has a yearly revenue of $46 million. The company has grown phenomenally and has reached more than 20 countries. Dare-U-Go is still in operation, and the product costs $22.99.
What is the price of Dare-U-Go?
The product retails for $22.99.
What do food storage bibs look like?
Dare U Go is an updated version of a bib and plate combo, with six detachable pieces that can be filled with food.
Where is Dare-U-Go located?
Dare U Go is based near Philadelphia, Pennsylvania.
How can I contact Dare-U-Go?
Contact information can be found on Dare-U-Go’s website.
What is the Dare-U-Go website?
The website is http://www.dareugo.com/
Is Dare-U-Go safe to eat?
Yes, it’s safe to eat. Because it’s made of food-grade silicone and is washed in water, the Dare U Go is safe for use by children.
Is Dare-U-Go shipping?
Yes, Dare U Go is shipping worldwide.
What is the shipping charge for Dare-U-Go?
Shipping costs vary depending upon the location and can be viewed on their website.
Can I get a refund if my order is damaged from shipping?
Yes, customers will be refunded if it’s damaged during transit.
What is the return policy for Dare U Go?
If customers are unsatisfied with the product, they can return it within 30 days of purchase.
How do I pay for Dare-U-Go?
Customers can pay for Dare U Go using PayPal.
Does Dare-U-Go offer a discount?
Yes, there is a discount offered on their website.
How long does it take to ship Dare U Go?
The shipping takes about 2-4 weeks for domestic orders and varies for international countries.
What are the features of Dare-U-Go?
Dare-U-Go has 5 compartments to store food and other items for quick access. It has an air-tight seal, locking in freshness by using zip lock technology.
What are the ingredients of Dare-U-Go?
The ingredients are food-grade silicone
How many colors does Dare-U-Go come in?
Dare U Go come in four colors – navy, hot pink, purple, and lime green.
Where is Lisa D’Amato now?
Lisa D’Amato is the founder of Dare U Go. She had a successful reality television career and is still active in the entertainment industry.
What is the net worth of Lisa D’Amato?
Lisa D’Amato is a Model with a $400 million net worth.
