Hoppy Paws Shark Tank Updates 2021 | Hoppy Paws after the Shark Tank
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What is Hoppy paw?
Hoppy Paw is a company that makes stamping kits that help parents create reindeer and bunny footprints for their kids for the holidays.
Trina Barkouras is the entrepreneur behind Hoppy Paws.
She invested over $100,000 in her Hoppy Paws business in a short period of time and even resigned her job prior to pitching her business to the sharks.
She subsequently committed her efforts to Hoppy Paws’ product development, design, packaging, and branding.
She approached the Shark Tank for investment on December 12, 2014.
Barkouras requested $50,000 in exchange for a 10% interest in her business. Barbara Corcoran promised to invest double that amount, $100,000, for a 49 percent stake on the show.
As Business Insider previously reported, Barkouras insisted on retaining a majority interest, which Corcoran agreed to as long as the two remained equal partners in Trina’s future undertakings.
What happen Hoppy Paws at the Shark Tank pitch?
Trina begins with an “at home” piece in which she describes her difficult background and the beginnings of Hoppy Paws.
She enters with a goal of $50,000 and a 10% commission.
She’s dressed out with antlers! She informs the Sharks about the product and offers samples. Barbara inquires about the powder, which Trina claims is biodegradable.
Trina has only been in business for 90 days! She has all of the necessary packaging and product on hand.
Trina explains that she got emancipated at the age 16 and has been living independently ever since. The first run of production cost $50,000.
Trina stated that she had only picked up the samples the day before. She’s put $105K into everything.
Trina is described by Mark as a BEAST, and he wishes his salespeople had her drive!
Robert likes her story, but he’s not sure it’ll sell, so he’s out.
Lori believes Trina is a hero, but she isn’t convinced about the product.
Trina throws a powerful pitch. She clears up Lori’s fears about the packaging resembling that of egg colouring kits and declares herself enthralled by Trina.
Kevin claims that having a woman with antlers in his portfolio has always been a goal of his.
If any other Shark will match him, he will put up the first $5000. Mark has agreed to contribute $5000.
Barbara asks a few questions and mentions that her children enjoyed this type of activity.
She is willing to part with $100,000 in exchange for 50% of the business.
Trina inquires about financing purchase orders and Barbara’s willingness to go to 51 percent -49 percent.
Barbara says she will if she receives 50% of future suggestions. Trina accepts the offer!
Barbara agreed to a deal of $100,000 in exchange for a 49 percent stake in the company.
Hoppy Paws after the Shark Tank
Hoppy Paws sold over $1 million in product in 2014 and hit Amazon’s top 10 best-selling toy list.
Trina was able to relocate the manufacturing side of Hoppy Paws from her garage to a production facility after appearing on Shark Tank, and she created a Santa’s Boot print set.
Although Corcoran suggested on Shark Tank that Barkouras reduce the number of Product lines, Hoppy Paws has already announced a new St.
Patrick’s Day stamping kit – the Leprechaun shoe decal pack costs $4.99.
The Shark Tank Blog is updated regularly with news and follow-ups on entrepreneurs who have participated on the Shark Tank television show.
Barbara and Trina were ultimately able to consummate their acquisition, although the company suffered significant difficulties.
In 2016, they were released in time for Halloween at Target. Despite the fact that Shark Tank helped sales, this company never truly took off.
The business was shut down in February 2019
Net worth of Hoppy Paws
Initially, based of Trina’s investment request, Hoppy Paws was valued at $500,000 at Shark Tank,
However, valuation came down after the offer from Shark, Hoppy Paws was now at valued at $ 204,081.63.
FAQS of Hoppy Paws
What is Hoppy Paws?
As the name suggests, this company was formed to create fun foot prints for children. It is a product line that uses paint to make footprints of characters, available in multiple styles.
Who are the founders?
Trina Barkourasis is the founder and the Chief Executive Officer of Hoppy Paws.
How much was the startup capital?
According to Trina, she invested $105,000 for production.
How do you use Hoppy Paws?
This product line uses paint along with stencil patterns to create footprints of characters. One needs to use the packing tape to stick the stencil on their floor.
How did Trina get the idea of Hoppy Paws?
It was twenty years ago, she made an Easter bunny “footprint trail.” The trail wound through the house and ended up at their Easter baskets.
How sales have been?
The company has been selling pretty well. Their products are available online and at a variety of retailers. It has a fairly high-quality product that is easy for any child to use.
How much were you paid by the Shark Tank team?
Hoppy Paws was paid $100,000 for 49% ownership
Did the makers of the product have a difficult childhood?
Trina is from a dysfunctional background from which she was able to start this business.
What are some of the factors that affect the earnings of Hoppy Paws?
As with any product, the demand is largely influenced by the success of the team. The company is working hard to get their name out there so more people will know about them.
They are working on marketing their products better in order to increase market share in their industry.
What is the total cost to set up this company?
The total cost of setting up the business from scratch would be about $15,000-$25,000.
Can a startup company afford a product like this?
Since the product is both fun and unique, it could be a good idea for a startup to jump on board with.
What are some of the other products this startup has?
They also make stamp sets which are meant for decorating cookie sheets with.
Who is the target audience for Hoppy Paws?
The target audience for this product is children of particular age groups.
The company does not want to leave out anyone who wants to have fun with their feet getting painted. They also sell another product that has unicorns on its packaging which was created by an adult fan.
How much was the company worth before being sold to Shark Tank?
At the time of being sold to Shark Tank, the company was worth $500,000.
What happened to Hoppy paws after shark tank?
After appearing on Shark Tank, the stakes increased for this company. It was able to secure more sales and funding. The product is available now at select retailers across the nation.
Where is Hoppy Paws located?
The company is based in Newport Beach, California
What was business model for Hoppy Paws?
The business model for this company is selling their product online, as well as through international markets. They are working hard to make sure that they are ready to ship anywhere in the world. Their largest customer base is in the United States.
How did Barbara and Trina get along after the shark tank episode?
At first, things did not go well between the two women. The tie was broken when Trina’s father died suddenly from a heart attack.
Why did the deal fall through?
After the deal fell through, Shark Tank producers asked both women to come back. Barbara demanded an increase in equity that Trina was not willing to give.
How did Trina feel about the show?
She was pleased at the favorable response to her business from viewers and was frantically trying to keep up with the sudden backlog of orders, even to the point of personally responding to each of the company’s hundreds of E-mails.
What inspired Trina to start your business?
Trina started the Hoppy Paws Company by providing reindeer tracks kits to her friends, but the part-time venture was more of a fun and modestly lucrative pastime than a real commercial venture.
What is included in the Hoppy Paws kit?
Trina explained that the package contained a stamping kit for creating seasonal reindeer paw prints.
What was Trina’s first entrepreneurial venture?
Trina presented company to the sharks, seeking a $50,000 investment in exchange for 10% stock in the Hoppy Paws Business.
Trina Barkouras: Who Is She?
Trina Barkouras founded Hoppy Paws, a concept she had for over two decades.
Trina presented company to the sharks, seeking a $50,000 investment in exchange for 10% stock in the Hoppy Paws Business.
What sorts of stickers are available?
These include stork prints to represent birth, an Easter bunny to represent Easter, and other imaginative stickers.
How much money did you invest?
She had committed about $105,000 in the business’s financing.
How long has Hoppy Paws been in business?
It appears as though the Hoppy Paws began operations in 2012 and successfully registered for a trademark earlier in May 2014.
How much does Hoppy Paws cost?
You can purchase all of the Hoppy Paws Stamp Kits online via Shopify for as little as $6.99 to $9.99 each stamping kit. It was available on Amazon.
How large is this Hoppy Paws item?
Hoppy Paws product dimensions is 6 x 0.75 x 9.5 inches. This item has been discontinued by the manufacturer, Hoppy Paws LLC.
What are the best Christmas gifts for kids?
A cherished family tradition will excite your children by providing evidence of a visit from their favorite seasonal characters.
Hoppy Paws stamping kits generate realistic, life-sized prints of Santa’s reindeer, the Easter bunny, and the tooth fairy, among others.
The price appears to be rather affordable, contributing to the creation of this once-in-a-lifetime spectacular occasion that small children will never forget.
Who is Trina Barkouras?
Trina Barkouras is the businesswoman behind Hoppy Paws, a line of holiday-themed stamping kits based in Newport Beach, California.
What was the deal?
Barbara Corcoran (whose family had a similar Santa boot track tradition) made Barkouras an offer of $200,000 for 49% shares, which he accepted.
