Hoodie Pillow Shark Tank Net Worth 2023

The company was valued at $600,000 when the owners pitched it and accepted an offer of $90,000 for 20% equity shares – bringing their valuation to $450,000.

Since then, despite the initial low evaluation and a two year period of operation with its original worth remaining unchanged, the company has shown significant growth in net worth which is now greater than its initial pitch value.

With annual revenue standing at a whopping $5 million as of July 2022, it’s clear that the company continues to be successful and is likely to continue seeing financial gains in the future.

What Is Hoodie Pillow? Who Is The Founder Of Hoodie Pillow?

The Hoodie Pillow is a company that produces pillows for travelers who want to journey in comfort, warmth, and style. Their gear includes an integrated inflatable pillow that can deflate and roll away when not in use.

While regular travel pillows are a luxurious comfort, they are often an oversized accessory. When not in use, they are not something you would want to travel with draped around your neck. Additionally, they can look ridiculous strapped to your carry-on as you move from gate to gate.

Chris Hendley and Rebecca Rescate co-founded The Hoodie Pillow. Chris, a family man with a career in digital marketing, worked alongside Rebecca’s husband at the time.

The Hoodie Pillow is marketed as an accessory for individuals looking to “Cocoonify.” It is a pillowcase designed to fit standard-sized pillows, made of sweatshirt material, and featuring an integrated hood.

The Hoodie Pillow has a large hood with a drawstring for added comfort on chilly evenings. When pulled up over the ears and eyes, the hood also helps to block out light and sound.

The founder of The Hoodie Pillow is Chris Hendley and Rebecca Rescate, who co-founded the company. Chris initially approached Rebecca with his unique yet smart invention, the ‘Hoodie Pillow,’ and she declined to join the firm but agreed to help him launch the venture.

He approached her again after inventing the product, and she decided to offer her support to The Hoodie Pillow. By using her existing CitiKitty storage and distribution networks, she was able to seamlessly integrate The Hoodie Pillow into her product range.

Chris Hendley and Rebecca Rescate co-founded The Hoodie Pillow. Chris Hendley was a coworker of Rebecca’s husband’s and contacted her with his eccentric yet smart invention, the ‘Hoodie Pillow.’

He desired Rebecca as a partner, but she first declined to engage in the firm, instead offering to assist Chris in getting his venture off the ground.

He approached her again after inventing the product, and she decided to provide her support to the Hoodie Pillow. By utilizing her existing CitiKitty storage and distribution networks, she was able to seamlessly integrate Hoodie Pillow into her product range.

What Happened To Hoodie Pillow At Shark Tank Pitch?

The Hoodie Pillow is a product that will undoubtedly make its mark in Shark Tank history, not only for the product itself but also for the entrepreneur who presented it to the Sharks. Rebecca Rescate, the founder of CitiKitty, made a comeback to Shark Tank to showcase a new product.

She has made millions through CitiKitty since collaborating with Kevin Harrington in season two episode 208. In season four episode 415, Rebecca introduced her friends and colleagues, Chris and Dana Hendley, and their invention, the Hoodie Pillow.

During their pitch, Rebecca and Chris requested $90,000 in exchange for a 15% share in their company, which was valued at $600,000.

The Sharks found the product amusing at first, but Rebecca impressed them with the news that they had made 3,000 sales in their first eight weeks in business. Daymond even demonstrated the device on a couch that was set up for the presentation.

Kevin made an offer of $90,000 for 33% equity shares, with the condition that they all “pay out” simultaneously. Chris countered with a 25% stock stake for $100,000, but Kevin remained uninterested. Daymond offered $90,000 for a third of the business and gave a ten-second deadline for a decision.

Barbara then offered $90,000 for 40% equity shares and a ten-cent royalty, but only if Daymond joined her. Daymond demanded a quick response, and Chris answered with $90,000 for 30% equity.

Barbara asked if they could divide the difference at 35% equity shares, but Rebecca insisted on $90,000 for a 20% stake.

Robert saw an opportunity and offered $90,000 for 20% equity shares. He had witnessed Rebecca’s success with CitiKitty and was determined not to miss out on the Hoodie Pillow. Chris accepted Robert’s offer, and everyone left the pitch with a deal, smiling.

What Happened To Hoodie Pillow After Shark Tank?

On the Monday following the first airing, Rebecca and Chris revealed that they had sold over 4,000 units, and they anticipated selling a total of 8,000 units by the end of the month.

Although negotiations were ongoing with Robert, the deal was never finalized. The company expanded their product line to include pillow cases, children’s pillows, inflatable pillows, hooded beach towels, luggage, and children’s Hoodie Pillows featuring cartoon characters.

As of January 2022, the company remains in operation and generates an annual revenue of $5 million.

Competitors of Hoodie Pillow

The competitor for Hoodie Pillow is the traditional inflatable pillows.

Net Worth of Hoodie Pillow

The company was valued at $600,000 during the pitch by the owners and they accepted an offer $90,000 for 20% equity shares, which brings valuation to be $450,000. Since then the company is still in business and the company net worth could be more than that of pitch.

Hoodie Pillow Updates

Hoodie Pillow is a pillowcase with a built-in hood that provides extra warmth on chilly nights and blocks out light and sound when pulled up. The company was founded by Rebecca Rescate, who appeared on Shark Tank twice, first with her successful product CitiKitty and then with Hoodie Pillow.

In 2013, Rescate and her business partner Chris Hindley successfully pitched Hoodie Pillow on Shark Tank and received a $90,000 promise from Robert Herjavec for a 15% stake in the company. However, the deal with Herjavec ultimately never closed.

As of 2022, Hoodie Pillow is still in business and earns $5 million in annual revenue. However, the company no longer sells the original Hoodie Pillow product that was pitched on Shark Tank.

Instead, they have shifted their business model and now offer a neck pillow with an attached hood, as well as other pillow-related products such as pillowcases, kids’ pillows, inflatable pillows, hooded beach towels, and bags.

The company is available on Amazon and operates both offline stores and an online platform to generate revenue.

In 2023, the company introduced a more streamlined version of the Hoodie Pillow, which is essentially a mini version of the original product with a hood and a padded ring around the neck. This version is smaller and more easily portable than the original and retails for $15.

The company has also been recognized by USA Today as one of the Best Gadgets for Summer Travel and by Yahoo Finance as The Ultimate Travel Pillow.

Hoodie Pillow Shark Tank Net Worth 2023

Category	Information
Company Valuation at Shark Tank Pitch	$600,000
Deal Accepted	$90,000 for 20% equity
Company Valuation after the Deal	$450,000
Annual Revenue as of July 2022	$5 million
Founders	Chris Hendley and Rebecca Rescate
Product Description	Travel pillows with an integrated inflatable pillow that can deflate and roll away when not in use, made of sweatshirt material, featuring an integrated hood with a drawstring
Shark Tank Outcome	The company received an offer from Robert Herjavec for $90,000 for 20% equity
Current Status	The company remains in operation and has expanded its product line, generating an annual revenue of $5 million
Competitors	Traditional inflatable pillows

Hoodie Pillow FAQs

What Is Hoodie Pillow?

Hoodie Pillow is a pillowcase made from sweatshirt material with a built-in hood. It fits standard-sized pillows and has an oversized hood with a drawstring that provides extra warmth on chilly nights. The hood also blocks out light and sound when pulled up.

The Hoodie Pillow was pitched on Shark Tank by Chris Hindley and Rebecca Rescate in 2013, and they walked away with a $90,000 promise from Robert Herjavec. As of July 2022, the company is still in business and earns $5 million in annual revenue.

The Hoodie Pillow is available in different versions, including memory foam and inflatable pillows. The memory foam travel HoodiePillow is the perfect travel neck pillow for airline travel, road trips, sports teams, business traveling, and lunch break napping.

The HoodiePillow is made from premium sweatshirt material and fits over all standard bed pillows. The hood contains two drawstrings to easily adjust the size of the hood and has a pocket to hold a remote or phone. The pocket has a porthole that feeds to the bottom of the hood, making it easy to use.

The Hoodie Pillow has changed its business model since its appearance on Shark Tank. The company no longer sells the flagship product that was pitched on the show, which was a hooded pillowcase that could be fitted over a standard-sized pillow.

Instead, the company’s principal offering is a neck pillow with an attached hood, available in both inflatable and memory foam models.

What Is The Current Valuation Of Hoodie Pillow?

The current net worth of Hoodie Pillow is approximately $5 million USD as of 2023. The company was featured on Shark Tank America in February 2013, where it was valued at $600,000 during the pitch by the owners. However, by the end of the pitch, Robert valued the business at $450,000.

Despite the initial low valuation, the company has shown significant growth in net worth, which is now greater than its initial pitch value.

Since appearing on Shark Tank, Hoodie Pillow has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of $5 million USD.

The popularity and sales of Hoodie Pillow have skyrocketed since their appearance on Shark Tank, and they have attracted additional investors and business partners.

Hoodie Pillow is a manufacturer of travel pillows for travelers who value comfort, warmth, and style. Their equipment includes an inflatable pillow that can be rolled up when not in use.

The company has expanded its product line to include pillowcases, kids’ pillows, inflatable pillows, hooded beach towels, bags, and kids with animated characters printed on them. Hoodie Pillow is available on Amazon at the price of $6.6.

As of 2022, they are operating their website, offline stores, and online platform to generate revenue.

What Happened To Hoodie Pillow After Shark Tank?

Hoodie Pillow appeared on Shark Tank in early 2013, seeking $90,000 for a 15% stake in the company. Robert Herjavec made a deal with Rebecca Rescate and Chris Hindley for $90k and 20% of the Hoodie Pillow business.

Within eight weeks prior to the taping of their Shark Tank episode, Rebecca claimed they had already sold 3000 HoodiePillows.

After appearing on Shark Tank, Hoodie Pillow shifted its business model and introduced new products. The company no longer sells its flagship product, the hooded pillowcase that could be fitted over a standard-sized pillow.

Instead, Hoodie Pillow introduced an inflatable travel pillow with a hood on it, as well as a smaller HoodiePillow designed for long trips on airplanes and cars.

Although the deal with Robert Herjavec did not go through, the show had a profound effect on the business. The Hoodie Pillow received publicity from the show, and Rebecca Rescate’s previous successful appearance on Shark Tank helped her to see the huge potential in the Hoodie Pillow.

Is Hoodie Pillow Still In Business?

Yes, Hoodie Pillow is still in business as of April 2023. The company has shifted its focus and no longer sells the original Hoodie Pillow that was pitched on Shark Tank. Instead, they have expanded their product line to include other pillows.  Hoodie Pillow earns $5 million in annual revenue.

The company’s website, hoodiepillow.com, is still active and selling their products. Customers have left positive reviews of the Hoodie Pillow on the website, with some calling it the “closest thing to Heaven on Earth” and the “best neck pillow ever”.

What is Hoodie Pillow?

Hoodie Pillow is a company that creates pillows for travelers who want to travel in style, comfort, and warmth. Each piece of gear features an integrated inflatable pillow that deflates and rolls away when not in use. While typical travel pillows are a luxurious comfort, they are frequently an oversized accessory.

Who is the founder?

Chris Hendley and Rebecca Rescate co-founded The Hoodie Pillow. Chris, a family guy with a career in digital marketing, was a coworker of Rebecca’s husband at the time.

How much were they seeking on Shark Tank?

They were seeking for $90,000 for 15% stake of their business.

How much were they offered for Hoodie Pillow?

Robert Herjavec offered for 20% in exchange for $90,000.

Is Hoodie Pillow still in business?

Yes. The Hoodie Pillow is still in business as of January, 2022.

How much money did Hoodie Pillow make?

The company makes $5 million in annual sales.

Where is Hoodie Pillow located?

The Hoodie Pillow is located in New York.

How does Hoodie Pillow work?

The Hoodie Pillow features an integrated inflatable pillow that deflates and rolls away when not in use.

Where can Hoodie Pillow are purchased?

Customers can purchase on the company website, Amazon, and many retailers.

How long until Hoodie Pillow gets to the customer?

Once shipped out, The Hoodie Pillow arrives within 2-5 business days.

Is Hoodie Pillow shipping?

The Hoodie Pillow is shipping.

What is Hoodie Pillow shipping cost?

The Hoodie Pillow shipping cost depends on their delivery address and the shipping method customer select.

How to order a Hoodie Pillow online?

Customers can order a Hoodie Pillow online by going to their official website.

Is Hoodie Pillow product any good?

Yes, it’s a simple idea that could appeal to many consumers.

What are the payment methods for Hoodie Pillow?

Customers can make payments using PayPal and credit cards.

Can I get a refund for Hoodie Pillow?

If customers have any problems with their products, they can contact their customer service. The company provides a 30-day refund guarantee to all customers. That means if they’re not satisfied with their purchase, they can return it and request a refund of their money back.

Is Hoodie Pillow safe to use?

Yes. The Hoodie Pillow is safe to use.

What is Hoodie Pillow made of?

The Hoodie Pillow is made of quality material that has been tested with high-performance materials.

Is the design for Hoodie Pillow available for sale?

Yes, it’s available to purchase as a way to express their creativity and love for travel.

Who is the CEO?

Rebecca Rescate is the CEO and co-founder of The Hoodie Pillow.

What is the net worth of Rebecca Rescate?

The net worth of Rebecca Rescate is unknown.