Dino Don Shark Tank Update| What Happened to Dino Don after Shark Tank?
What is Dino Don? Who is the founder of Dino Don?
Dino Don, Inc. is a company that specializes in creating and touring realistic animatronic dinosaurs, as well as selling these designs to zoos, museums, and amusement parks around the world.
The company was founded by Don Lessem, a paleontologist, natural historian, and author of numerous books and movies about dinosaurs.
He also served as a science advisor for the film Jurassic Park and for Universal and Disney theme parks. Lessem’s lifelong fascination with dinosaurs led to the creation of Dino Don, which began as a touring road show before expanding to manufacturing and sales.
The company’s first life-sized dinosaur was sold to the Bronx Zoo and the company aims for $15 million in revenue for 2021.
What Happened to Dino Don at Shark Tank pitch?
In season 12, episode 1222 of Shark Tank, Dino Don, a company that creates and sells robotic, life-sized dinosaurs, was pitched by its founders, Don Lessem and Valerie Jones.
The husband and wife team sought $500,000 for a 10% stake in their $5 million company. While Valerie Jones spoke about the company’s success, the Sharks were impressed by the dinosaurs on stage that began to roar.
The company is the leading provider of robotic dinosaurs in the United States, and reported making $1.6 million in 2019, $1.8 million in 2020 and projected $3 million in 2021.
Some Sharks were not impressed by the business and dropped out, but Mark Cuban loved the concept and offered $500,000 for 25% equity in the company, which was accepted by the founders.
What Happened to Dino Don after Shark Tank?
The deal with Mark hasn’t been finalized as of July 2021; however it’s just been two months since the episode aired. As of October 2021, annual revenue is $1 million.
The deal was finally completed, and the company was listed on Mark’s website in October 2021. Revenue for 2021 was disclosed in January 2022: $4 million.
In February 2022, the business will launch their traveling dinosaur roadshow in an unnamed site in Florida. The event will include 50 different sized dinosaurs and is expected to generate $10 million in sales. Don also recorded The Dinosaur Factory, a documentary series that will debut in the fall of 2022.
Competitors of Dino Don
Dino Don, a company that specializes in creating and selling robotic, life-sized dinosaurs, has a close competitor in Dinosaur World.
This company operates an exhibit called “Expedition: Dinosaur,” which includes animatronics, life-sized models, and live dinosaurs.
Based in Orlando, Florida, Dinosaur World also has locations in New York and Virginia. Established in 1985, it is considered one of the largest attractions of its kind in the world.
Net Worth of Dino Don
Dino Don, a company that creates and sells robotic, life-sized dinosaurs, was valued at $5 million during its appearance on Shark Tank.
After receiving an investment from Mark Cuban, the company’s value dropped to $2 million. However, as of January 2022, the company’s net worth is reported to be $4 million.
Dino Don FAQs
What is Dino Don?
Dino Don, Inc. is a global leader in producing and touring blockbuster nature exhibitions, as well as robotics sales to cultural institutions and attractions across the world. Dinosaurs may be extinct today, but Dino Don, Inc. is using animatronic technology to bring the terrible monsters back to life.
Who is the founder?
Dino Don is named after its founder, Don Lessem. Lessem got his moniker from his lifelong fascination with dinosaurs. He works as a gatekeeper for the displays.
How much were they seeking on Shark Tank?
They were seeking for $500,000 for a 10% stake in their firm, worth $5 million.
Did they have the deal?
Yes, they had a deal with Mark Cuban.
How much was the deal?
Mark Cuban offered $500,000 for 25% equity shares of the company.
Is Dino Don still in business?
Yes, Dino Don still in business as of January 2022.
What is the net worth of Dino Don?
As of January 7, 2022 the net worth of Dino Don is $4 million.
Where is Dino Don located?
The headquarters of Dino Don is located in Medina, Pennsylvania.
How is the business model of Dino Don?
Dino Don manufactures the world’s largest and most realistic-looking robotic dinosaurs. Dino Don owns and leases its name to several companies in order to expand its reach and awareness.
What are the specialties of Dino Don?
Dino Don is recognized as a leading supplier of large robotic dinosaurs. The company’s robotics technology was designed by Amuro, Inc., a Japanese engineering firm. The robots are used within museums, zoos, aquariums, theme parks, movie sets and other locations.
Where can I find more information about Dino Don?
Visit their official website at https://www.dinodoninc.com.
Who is the CEO of Dino Don?
Dino Don’s CEO is Donald Lessem.
What is the return policy of Dino Don?
Dino Don provides a 30-day return policy on all merchandise.
Does Dino Don ship?
Yes, Dino Don ships internationally through multiple carriers.
Can I visit the warehouse of Dino Don?
Dino Don does not own a warehouse. All materials related to its operations are stored in warehouses in different areas around the country.
What are the requirements for taking a tour of Dino Don?
Tour reservations must be made two days in advance for the Dinosaur World Tour and one day in advance for all other tours.
What is the net worth of Donald Lessem?
Donald Lessem has an estimate net worth of $2 million as of January 2022.