Holiball Shark Tank Update| Holiball after Shark Tank
What is Holiball?
Holiball is a firm that is well-known for its giant, inflatable Christmas decoration of the same name.
The device, which is designed to resemble a Christmas tree bulb without its distinctive fragility, is resistant to harsh weather, inflates to be a durable yet attractive statement piece, and deflates to the size of a baseball for convenient storage.
Amberly Hall, Kristy Moore, and Jennifer Couch, three cousins from Houston, Texas, founded the firm.
Amberly previously 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 better fit consumer tastes, the Holiball is presently available in twenty-two distinct colors, including Vintage Red, Pearl White, and Marigold, as well as two different sizes.
Who is the Founder of Holiball?
Amberly Hall, Kristy Moore, and Jennifer Couch are all co-founders of Holiball. Before beginning this project, they each had no experience in the manufacturing or design industries.
However, they did have extensive backgrounds in business; Amberly was an educator and real estate agent; Kristy was a stay-at-home parent; and Jennifer was a serial entrepreneur in commercial real estate.
Amberly worked as an educator and real estate agent prior to delving into company; Kristy was a full-time stay-at-home parent; and Jennifer was a serial entrepreneur who began in commercial real estate.
The Holiball is presently available in twenty-two colors, including Vintage Red, Pearl White, and Marigold, and two sizes to accommodate a variety of consumer preferences.
Apart from their responsibilities at Holiball, Amberly, like Kristy, is now a full-time stay-at-home parent, and both are grateful for the time and resources that enable them to commit themselves totally to their children.
Jennifer’s business attitude and entrepreneurial expertise enable her to continue developing and expanding the firm.
Holiball was conceived during a road trip. The three cousins were ecstatic at the prospect of constructing a Texas-sized ornament for everyone to enjoy.
Amberly and Kristy had no prior experience in entrepreneurship, but with Jennifer’s skills and direction, they were able to jump right in.
Kristy, who possesses an uncanny ability for precision and creativity, was able to expedite the development phase, which resulted in the firm coming to existence quite rapidly.
What Happened to Holiball at Shark Tank pitch?
Following the creation of the Holiball, the three cousins took the step of demonstrating their product on the Shark Tank pitch as they sought a partner to help them achieve their ambition.
Jennifer, Amberly, and Kristy go on Shark Tank seeking $150,000 for a 10% stake in their firm, which is valued at $1.5 million at the time of the pitch.
They describe the company’s tale while giving out inflate samples Sharks and the ladies exhibit their power inflating machine.
They completed the entire operation in 120 days. Since they began in 2019, they have made $171,000 in sales.
They expected $650,000 in revenue in 2020. The balls are made for $10 and priced for $40 and $60. Their main issue is inventory.
Kevin has invested in three Christmas enterprises, but he doesn’t want to go along for the ride; he’s out.
Barbara disagrees with the valuation but offers $150,000 for 25% stock in the firm. Barbara accepts Daymond’s offer of $150,000 for 20% stake in the company.
Mark and Barbara invested $150,000 for a 25% stake in the company.
Lori agrees to Daymond’s offer $150,000 proposition in exchange for 20% stake. Finally, the women joined Mark and Barbara in closing the sale.
What Happened to Holiball after Shark Tank?
Eventually, the acquisition was completed between the two Sharks and three cousins, and with the ability to adorn both indoors and outdoors, Holiball has gained significant success within months of its market launch.
Fortunately, many others saw the critical need for their goods, and the whole quantity sold out far faster than expected.
They gradually added unusual colors like violet, merlot, and black, which are today equally popular.
They gained the opportunity to join the Vegas Market Best in Show Showroom after arriving in Atlanta.
In 2021, Holiball is the best-selling Christmas décor in 200 stores throughout 36 states and 8 countries, with nearly $1 million revenue.
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.
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.