Hoodie Pillow Shark Tank Update | What Happened to Hoodie Pillow after Shark Tank?
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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.
Outside of their original usage, they’re not exactly something you’d want to travel with draped around your neck. And they look ridiculous strapped to your carry-on as you transit from gate to gate.
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.
The Hoodie Pillow is marketed as a “Cocoonification” accessory for the individual. It’s a pillowcase designed to accommodate standard-sized pillows, constructed of sweatshirt material and with an integrated hood.
The Hoodie Pillow has an enormous hood with a drawstring for added comfort on cold evenings. When pulled up over the ears and eyes, the hood also shuts out light and sound.
Who is the founder of Hoodie Pillow?
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 is certain to go down in Shark Tank history, if not for the product itself, but for the entrepreneur who presents it to the Sharks.
Rebecca Rescate, the founder of CitiKitty, is the first entrepreneur to return to Shark Tank to present a different product.
Since collaborating with Kevin Harrington in season two episode 208, Rescate has earned millions through CitiKitty.
Rebecca presents the Sharks and the world to her friends and colleagues, Chris and Dana Hendley, and their creation, the Hoodie Pillow, in season 4 episodes 415.
Rebecca and Chris appeared on Shark Tank in seeking of $90,000 in exchange for a 15% share in their firm, which worth $600,000.
Daymond follows up with a demonstration of the device on a couch set up for the presentation. The Sharks first find the product amusing, until Rebecca informs them of the 3,000 sales they made in their first eight weeks in business.
Kevin enters the fray and offers $90,000 for 33 % equity shares with the proviso that they all “pay out” simultaneously.
Chris counters with a 25% stock stake in exchange for $100,000, but good old Mr. Wonderful remains unmoved.
Daymond makes an offer of $90,000 for a third of the business and sets a ten-second deadline for a choice.
Barbara then offers $90,000 in exchange for 40% equity and a ten-cent royalty, but only if Daymond joins her.
Daymond demands a quick response, and Chris answers with $90,000 in exchange for 30% equity. Barbara inquires whether they can divide the difference at 35% equity shares, but Rebecca was adamant on $90,000 for a 20% stake.
Robert seizes the opportunity and offers $90,000 for 20% equity shares. He witnessed Rebecca’s success with CitiKitty and was determined not to lose out on Hoodie Pillow. Chris accepts Robert’s offer, and everyone was smiling as they left the pitch with a deal!
What Happened to Hoodie Pillow after Shark Tank?
The Monday after the initial air date, Rebecca and Chris announce over 4,000 units sold. They estimate 8,000 units for the month!
The deal with Robert wasn’t finished yet, but the parties were still “in talks.” The agreement with Robert never concluded.
The company introduced pillow cases, kids’ pillows, inflatable pillows, hooded beach towels, luggage and kids’ Hoodie Pillows with cartoon characters on them.
As of January, 2022, the firm is still in operation and makes $5 million in annual sales.
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 and after the pitch. Since then the company is still in business and the company net worth could be more than that of pitch.
Hoodie Pillow FAQs
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.