Flated Shark Tank Net Worth- What Happened To Flated After The Shark Tank Pitch?
What is Flated Shark Tank Net Worth in 2023?
As of 2023, Flated is estimated to be worth $7 million.Flated is a company that offers inflatable storage solutions for vehicles such as toppers, carriers, decks, and chalets at affordable prices. The company appeared on Shark Tank Season 14 Episode 16 in 2020 and asked the sharks for $350k for 5% equity at a $7 million valuation.
In February 2023, Flated was set to showcase its products and brand vision on ABC’s popular “Shark Tank” program. The segment aired on March 10th, 2023. Daymond John made a deal with Flated on the show.
It is unclear from the search results what happened to Flated after appearing on Shark Tank in March 2023.
What Is A Flated? Who Is The Founder Of Flated?
Flated is a startup that specializes in producing inflatable automobile accessories for outdoor activities. One of their main products, the Air-topper, is designed to fit different trucks based on their size. Using drop stitch technology, Flated is able to create products that are durable, flexible, and lightweight.
Founded in January 2020, Flated has four co-founders: Ryan Guay, Dan Watts, Monique Keefer, and Ken Hoeve. Despite coming from different industries, they share a passion for outdoor activities.
Many people around the world use pickup trucks for outdoor adventures with their families. However, they often spend a lot of money installing caps, toppers, camper shells, and other accessories on their trucks.
To address this issue, Flated offers affordable inflatable storage solutions. They have a range of accessories, including toppers, carriers, decks, chalets, and more, that can be easily fitted onto trucks.
With its innovative approach and commitment to affordability, Flated is poised to become a popular choice for outdoor enthusiasts looking for high-quality automobile accessories.
What Happened To Flated At The Shark Tank Pitch?
Ryan Guay, Monique Keefer, and Ken Hoeve made an appearance on Shark Tank Season 14 Episode 16 in order to secure funding for their startup. They requested $350k from the sharks in exchange for 5% equity at a $7 Million Valuation.
This pitch showed the shark investors that their startup was worth investing in, since they were confident enough to place a higher than average valuation on it.
Moreover, they were able to convince the sharks that they were dedicated to making this business venture a success by being willing to give away such a low amount of equity stakes.
Flated, a company that sells the Air Topper for $1,800 to consumers, is currently enjoying sales of $277,000 and is expected to earn $600,000 in gross revenue for the current year.
However, despite the impressive sales and quality of the product, some of the investors on Shark Tank were unsure if the company’s valuation was justified.
Lori Greiner and Kevin O’Leary both dropped out of the investment opportunity due to concerns about the high valuation. Mark Cuban and Robert Herjavec also declined to invest, leaving Daymond John as the only remaining investor.
Daymond offered to invest $350,000 in exchange for an 8% royalty on each unit sold, with the royalty dropping to 5% after the initial investment was paid back. The company ultimately accepted Daymond’s offer, and the trio left Shark Tank Season 14 with a deal.
What Happened To Flated After The Shark Tank Pitch?
Since Flated’s appearance on Shark Tank, their sales have significantly increased, and are expected to continue rising.
With Daymond John on the team as an investor and business advisor, Flated is able to enhance its marketing efforts and hence reach out to a much larger base of customers.
Having someone with such expertise in the field provides them with great leverage when it comes to developing strategies and campaigns that will help expand their market.
This partnership should provide the necessary tools needed to help them maintain and sustain their success in the long run.
Is Flated Still In Business?
Yes, Flated is still in business as of March 2023. The company is based in Carlsbad, California, United States, and employs 4-10 people.
Get-Flated is a company founded in January 2020 by Ryan Guay, Dan Watts, Monique Keefer and Ken Hoeve.
They produce inflatable automobile accessories and went on Shark Tank USA, Season 14 Episode 16, seeking $350k for 5% equity with an estimated $7 million valuation.
Daymond John made a deal with them for $350k for 5% equity and also receives $8 of each unit sold until the money is returned.
The company is currently in business with estimated lifetime sales of $1.3 million and a net worth of $7 million based on valuation.
Initially the performance of this company was not very good due to the Covid19 lockdown but as restrictions eased and people started traveling more, the percentage of travelers gradually increased which was an encouraging sign for Flated.