Holiball Shark Tank Net Worth 2023
In season 13 there was a follow-up episode on Holiball, and it was revealed the company suffered a cybersecurity hack. As of 2022, Holiball is worth $1.5 million.
Holiball is an inflatable Christmas ornament that can be used for home decoration and as a gift. The founders of Holiball, Kristy Moore, Jennifer Couch, and Amberly Hall, appeared on Shark Tank Season 12 Episode 7 and demanded $150,000 for 10% equity in Shark Tank.
They got a deal with Mark Cuban and Barbara Corcoran. After the Shark Tank episode aired in mid-December 2020, Holiball saw a nice boost in sales for Christmas that year but business went through some tough times in 2021.
The founders of Holiball have a net worth of $800,000 USD as of 2022. The product comes in different colors and designs and has been made available in more than 22 colors and designs.
You can buy it directly from Amazon. The company is currently promoting their product for Fat Tuesday. The Holiball Fast Flow Inflator makes inflating and deflating a breeze.
You simply detach the nozzle, insert it into the inflation point of your Holiball and inflate or deflate. It is designed to inflate in under 30 seconds. The flex hose makes for easy maneuverability.
What is Holiball? Who is the Founder of Holiball?
Holiball, a company known for its massive inflatable Christmas decoration, shares the same name as the product.
The decoration, designed to resemble a Christmas tree bulb, is durable and visually pleasing, able to withstand harsh weather conditions. When deflated, it can be conveniently stored at the size of a baseball.
The founders of Holiball are Amberly Hall, Kristy Moore, and Jennifer Couch, who are all cousins from Houston, Texas.
Prior to starting Holiball, Amberly worked as an educator and real estate agent, Kristy was a full-time stay-at-home parent, and Jennifer was a serial entrepreneur who began in commercial real estate.
To cater to customer preferences, the Holiball is now available in twenty-two different colors, such as Vintage Red, Pearl White, and Marigold, and is offered in two sizes.
Despite having no previous experience in manufacturing or design, the three co-founders used their backgrounds in business to make Holiball a success.
Amberly and Kristy are now full-time stay-at-home parents, while Jennifer utilizes her business expertise to continue to expand the company.
Holiball was conceived during a road trip, with the three cousins excited about the idea of creating a Texas-sized ornament for everyone to enjoy.
Although Amberly and Kristy had no experience in entrepreneurship, Jennifer’s guidance and expertise allowed them to jump right in.
Kristy’s precision and creativity accelerated the development phase, leading to the rapid establishment of the company.
Holiball Shark Tank Pitch
After creating the Holiball, the three cousins decided to showcase their product on Shark Tank in hopes of finding a partner to help them achieve their goals.
During the pitch, Jennifer, Amberly, and Kristy presented their company’s story and provided inflatable samples to the Sharks while demonstrating their power inflating machine. The cousins requested $150,000 for a 10% stake in their company, which was valued at $1.5 million during the pitch.
The entire process, from concept to completion, took 120 days. Since launching in 2019, the company has generated $171,000 in sales and projected $650,000 in revenue for 2020. Their products are manufactured for $10 and sold for $40 to $60, but inventory management is a significant challenge.
Although Kevin has invested in several Christmas companies, he opted not to participate in this venture. Barbara disagreed with the company’s valuation but offered $150,000 for a 25% stake.
Ultimately, Barbara and Mark invested $150,000 for a 25% stake, while Daymond and Lori each invested $150,000 for a 20% stake.
After the acquisition, Holiball’s popularity soared. The product, which is suitable for indoor and outdoor use, quickly sold out, and additional colors such as violet, merlot, and black were added. The company was invited to participate in the Vegas Market Best in Show Showroom after exhibiting in Atlanta.
Today, Holiball is the best-selling Christmas decor in 200 stores across 36 states and 8 countries, generating nearly $1 million in revenue in 2021.
Competitors of Holiball
Holiball, which is the name of the inflatable Christmas décor when inflated, has competitors in the industry like Annabelle’s Holiday Noggins.
Net Worth of Holiball
During the Shark Tank pitch the valuation of the company was $1.5 million afterward Barbara and Mark offers makes valuation of the company to $600,000.
The Company has grown in sales and therefore the net worth has increased.
Holiball FAQs
What is Holiball?
Holiball is an inflatable Christmas decoration that is designed to resemble a Christmas tree bulb without its fragile elements.
It is resistant to harsh weather, inflates to be a durable yet attractive statement piece, and deflates for convenient storage.
Who is the founder?
The founders of Holiball are Amberly Hall, Kristy Moore, and Jennifer Couch (3 cousins).
What is their offer on Shark Tank?
They were asking for $150,000 for a 10% stake in the company.
Did they get an offer?
Yes, Barbara and Mark offered them $150,000 for 25% stake in the firm.
What happened after the episode aired?
The three cousins went back to their company and continued making their inflatable balls.
Why should you get Holiball?
Holiball is highly durable; it is waterproof, fireproof, and free from any toxic material. It does not have a single string hanging from it so there is no danger of getting a child entangled in it.
What did they do on Shark Tank?
They demonstrated their product on Shark Tank.
How do they come up with their product?
All three cousins were frustrated by the concept that only those able to purchase a tree could enjoy it without fear of damaging their investment.
Is still in business?
Holiball is still in business.
How did the idea come to their mind?
The three cousins thought of an inflatable tree while driving to Texas. They tried to develop the idea but they couldn’t get it right at first.
After several failures, they got it right and started selling plenty of these Christmas decorations.
What is the mission of Holiball?
The mission of Holiball is to make Christmas Decorations available to all people.
Why did the founder start this company?
The founder wanted to make Christmas Decorations available to people who could not afford traditional Christmas decorations (due to money or space restrictions).
What do Holiball balls weigh?
Holiball balls weigh approximately 40 pounds. They come in two different sizes: 14 inches and 28 inches. The smaller size weighs approximately 40 pounds and the larger size weighs about 80 pounds.
How is the business model?
Holiball sells their handmade inflatable Christmas decorations for $40 and $60.
Did they have any prior experience?
The three cousins have no prior experience in entrepreneurship.
How much time did it take to create Holiball?
It took the company just over 120 days to produce the product, which is why they are also famous for being fast-growing companies.
What are the market opportunities?
The market for Holiball currently covers approximately 200 stores throughout 36 states and 8 countries.
What is their strategy?
Their strategy is to develop new products that are seldom seen in the world today.
How many employees does Holiball have?
They have two full-time employees in addition to the three cousins.
What are their challenges?
Their biggest challenge is getting their products out in time. They only had 10 days left before Christmas when they went on Shark Tank.
Is Holiball a successful company?
Holiball is a successful company that is making a huge difference in the lives of many people.
What is their vision for the future?
The founders of the company have a vision to be one of the top-selling companies on Shark Tank.
