Goat Pet Products Shark Tank Net Worth
Michelle, the owner of a pet product company called GOAT Pet Products, initially sought $499,000 in exchange for 9% equity in her company during her appearance on a television show. This valuation of her company was estimated at $5.54 million (Net Worth).
However, she ultimately accepted an offer from Robert, one of the show’s investors, to receive $499,000 in exchange for 33.3% ownership in GOAT Pet Products, which brought the company’s valuation down to $1.49 million(net worth).
The current valuation of GOAT Pet Products is now higher than the valuation estimated during the show’s appearance. This is likely because the company has grown and expanded since then, leading to a higher valuation of the company.
What is Goat Pet Products? Who is the GOAT Pet Products Founder?
GOAT Pet Products is a company based in Bloomfield Hills, Michigan that has created a range of pet products that enable animals to “speak.” These products have a small speaker embedded in the pet’s collar, which can be used to play music and transmit voice messages through a smartphone or Bluetooth
The speakers are designed to look like cute rubber shapes that are attached to the collar, and some collars also have a “selfie button” that allows users to take photos with their pet.
The accompanying software allows users to pre-record messages for their pet to “speak.” Each GOAT Pet Speaker costs $44.95 and has been available at all Petsmart stores in the US and Canada since October 2017.
Michelle Winowich is the founder and owner of GOAT Pet Products. Before launching GOAT, she gained extensive experience in the pet industry, working as a branch and sales manager for numerous other pet companies. She came up with the idea for the speaker while working in the pet industry, and her spouse encouraged her to keep it to herself until she eventually teamed up with a family member and founded the company in 2016
G.O.A.T Pet Products Shark Tank Pitch
In her Shark Tank appearance during Season 9 Episode 16, Michelle pitched her pet product company GOAT Pet Products with her dog dressed as Snow White. She asked for $499,000 for a 9% stake in her company, which valued it at $5.54 million.
During her pitch, she showcased the G.O.A.T Pet Speaker and offered samples to the Sharks. After some discussion, Robert made an offer of $499,000 for 33.3% ownership of the company, which Michelle eventually accepted.
However, the deal with Robert was never finalized, and the company continued to sell its products, including new additions such as organic dog shampoo and conditioner, GOAT Milk Dog Treats, and wholesale PPE and sanitizing wipes during the 2020 COVID-19 pandemic.
As of December 2021, GOAT Pet Products is still in operation and has an annual revenue of around $1 million.
What is the Net Worth of Goat Pet Products?
Michelle was asking $499,000 for a 9% equity in her company. This translates to a $5.54 million valuation. She accepted an offer from Robert of $499,000 for 33.3% ownership in the Company which brings the valuation to $1.49 million.
The current valuation is higher compared to the one on the Show since the Company has grown.
Who are the Competitors of Goat Pet Products?
There are no competitors identified for Goat Pet Products.
Goat Pet Products FAQS
What is Goat Pet Products?
GOAT Pet Products is a Bloomfield Hills, MI-based firm that has developed a line of pet products that give animals a “voice.”
These items contain a tiny speaker in the pet’s collar that may be used to pipe in speech and music via a smart phone (and, presumably, Bluetooth).
The speakers are disguised under the collar in the form of adorable rubber forms. The collars may also have a “selfie button,” which may be used to activate a mobile device and capture a photo of the animal while embracing it.
Who is the Founder of Goat Pet Products?
Michelle Winowich is the owner of G.O.A.T. Pet Products. Prior to starting the company in 2016, she worked in the pet sector for many years as a branch and sales manager, gaining great knowledge along the way
How much was seeking in the Shark Tank?
She was asking $499,000 for a 9% interest in her company. This translates to a $5.54 million valuation.
Did she get a deal from the Sharks?
She accepted an offer from Robert of $499,000 for 33.3% ownership in the Company which brings valuation to be $1.49 million.
What Happened to Goat Pet Products after Shark Tank?
The contract with Robert was never completed. Amazon continues to sell the items. She added some additional items to her collection. She now sells organic dog shampoo and conditioner.
Is Goat Pet Products still in business?
The company is still in existence as of December 2021, with an annual revenue of roughly $1 million.
Where can they contact Goat Pet Products?
They can email them at [email protected]
What is the Website for Goat Pet products?
The official website for GOAT Pet Products is www.goatpetproducts.com/buy.
Where is Goat Pet products based?
They are based in Bloomfield Hills, Michigan.
How much does Goat Pet speaker costs to buy?
The GOAT Pet Speaker costs $24.99.
What methods of payment do they accepts?
They accept all major credit cards, PayPal, and MasterCard.
Where are they selling?
They are selling their products on Amazon.com.
What does the GOAT pet Speaker do?
Bluetooth Speaker for Pets It’s a speaker that attaches to their dog’s, cat’s, or bird’s collar.
The G.O.A.T. Pet Speaker app allows the pet owner to give his or her pet a “voice” by entering or recording what they want their pet to say in a Siri-like voice, or the pet may just play music while out on a stroll.
How do they set up the goat pet speaker?
Hold the button on the bottom of the cat speaker for two seconds to turn it on.
Then, on the device to which they wish to connect it, press Bluetooth. The speaker will then state, “GOAT speaker connected.” Then go through a practice round.
What is goat selfie mode?
Using the G.O.A.T. Selfie mode, utilize the selfie button on the bottom of the speaker to capture photos with their pet – no selfie sticks required.
Organize their pet’s schedule using their pet’s own calendar, which might include vet visits or play dates.
What is net the worth of Michelle Winowich?
Michelle Winowich’s net worth is unavailable.
