InchBug /MyDrinky Shark Tank Net Worth
During her appearance on Shark Tank in 2016, Brenda Lee Feldman was seeking a $400,000 investment in exchange for a 10% stake in her company, InchBug / MyDrinky. This valuation suggests that the company was worth $4 million at the time.
Since then, the company has continued to grow and expand its product line, including the introduction of Orbit Label 2.0 and additional symbols. Despite not securing a deal with the Sharks, InchBug / MyDrinky has been successful in the market, with annual revenues reaching $5 million.
While the exact net worth of the company is not publicly disclosed, it is clear that InchBug / MyDrinky has built a solid foundation and established itself as a well-known and respected brand in the baby and toddler product industry.
What is InchBug and Who Founded InchBug /MyDrinky
InchBug is a company based in Austin, Texas, known for creating The Original Orbit Label, a customized, non-adhesive, and reusable label designed to fit around baby bottles and Sippy cups. This product is particularly useful for large families, schools, and daycare centers.
The company’s founder, Brenda Lee Feldman, launched the business in 2004 with the InchBug Orbit Labels, which are stretch-and-release bands that can be personalized with a child’s name and fit snugly around a variety of containers.
Feldman came up with the idea for the Orbit Label when her child was attending a Mother’s Day Out program and required her Sippy cups to be labeled to prevent cross-contamination and the spread of pathogens.
Permanent markers and tape proved to be ineffective solutions, prompting Feldman to create The Original Orbit Label.
In addition to the Orbit Label, InchBug has expanded to include sticky labels that can be used as allergy alerts on clothing, items, or food and can also be personalized with a child’s name. The company has also created a popular product called MyDrinky, which is an adjustable juice box holder designed to prevent spills and messes.
Feldman appeared on Shark Tank to pitch her latest creation, the MyDrinky juice box holder.
Summary Table: Inchbug/Mydrinky Shark Tank
| INFORMATION | DETAILS |
| Name | InchBug/MyDrinky |
| Founder | Brenda Lee Feldman |
| Valuation on Shark Tank | $4 million for a 10% stake |
| MyDrinky sales on Shark Tank | $50,000 |
| Annual revenue | $5 million |
| Shark Tank outcome | No deal offered |
| Notable products | The Original Orbit Label, MyDrinky, Orbit Label 2.0, allergy alert labels |
| Competitors | None |
Note: The information in this table is based on the provided text, and it may not include all details about InchBug/MyDrinky.
InchBug /MyDrinky Shark Tank
InchBug, a company that is best known for its non-adhesive and reusable labels, The Original Orbit Label, was pitched on Shark Tank. Additionally, the company offers other products such as training pants, bibs, cutlery, swim goggles, and more.
During the pitch, Brenda Lee Feldman sought $400,000 for a 10% stake in her company, valuing it at $4 million. While the Sharks were impressed with the labels, they were underwhelmed by MyDrinky, a juice box holder that Brenda was trying to bring to market.
She had only sold $50,000 worth of MyDrinky, leading the Sharks to question the high valuation.
Robert Herjavec and Mark Cuban decided to pass on the opportunity, while Barbara was not interested in MyDrinky’s concept. Lori also declined to invest. However, Mr. Wonderful offered $400,000 for a $1 per unit royalty until he recoups his $1.2 million investment, asking for 5% of the company.
Although Kevin promised to promote the brand on social media, Brenda was hesitant about his condition that he wouldn’t go into retail.
Ultimately, Brenda declined the offer, leaving the tank without a contract. Despite this setback, she continued to expand the business, with MyDrinky eventually becoming available for purchase on the InchBug website, as well as Amazon and other online retailers.
In August 2021, Brenda introduced Orbit Label 2.0, which features contrasting personalization without the need for ink or paint and is made entirely of kid-safe silicone. The company’s annual revenue is now $5 million.
Inchbug /Mydrinky Shark Tank Updates
InchBug is a children’s products business that appeared on Shark Tank in season 7. The founder, Brenda Lee Feldman, pitched her company and introduced her new product, the MyDrinky adjustable juice box holder.
At the time of her pitch, Feldman had sold $50,000 worth of the MyDrinky product and had done $15 million in sales of other products. The sharks were interested in the huge success of InchBug’s Orbit Labels and focused their line of questioning on that.
Lori Greiner checked if the ask was for the whole company, and Brenda confirmed it was. The sharks offered a deal, but Brenda was not comfortable with the condition and refused the offer.
After the show, Brenda continued to grow the company and launched Orbit Label 2.0, which improves on the original product. InchBug now offers a wide variety of customizable label products, including plastic and sticker labels.
The MyDrinky product appears to have been scrapped, and InchBug is no longer selling it. Instead, the company is focusing on its Orbit Labels and other label products.
The MyDrinky product is currently being sold at $10.95 on the InchBug website. In 2016, InchBug announced a deal with the national baby retail chain Buy Buy Baby.
InchBug /MyDrinky Net Worth.
On Shark Tank 2016 Brenda comes looking for $400,000 for a 10% stake in her company. This indicates a $4 million value.
InchBug /MyDrinky Competitors
There is no competitors.
InchBug /MyDrinky FAQS
What is InchBug /MyDrinky Shark Tank?
InchBug is a company that produces customizable, non-adhesive, and reusable labels designed to wrap around infant bottles and Sippy cups called the Original Orbit Label.
The company also offers other products such as training pants, bibs, silverware, swim goggles, and other accessories. InchBug’s signature product is the MyDrinky adjustable juice box holder, which was pitched on Shark Tank during the show’s seventh season.
The MyDrinky is a two-piece juice box holder that is adjustable and designed for little ones who haven’t quite mastered the art of drinking from a juice box without squeezing juice everywhere.
During her pitch on Shark Tank, Brenda Lee Feldman, the entrepreneur behind InchBug, asked for $400,000 in exchange for a 10% ownership in her firm, indicating a $4 million valuation.
Although Feldman walked away without a deal, InchBug has been thriving since her appearance on the show. The company has gone into some independent shops and has announced a deal with the national baby retail chain Buy Buy Baby.
The MyDrinky has not yet been released, but Feldman will undoubtedly seek the aid of a Shark in order to ramp up production on the product.
How does InchBug /MyDrinky Shark Tank work?
InchBug is a children’s products business that was founded by Brenda Lee Feldman in Austin, Texas in 2004. The company’s signature product is the MyDrinky adjustable juice box holder, which was pitched on Shark Tank during the show’s seventh season.
The MyDrinky is a two-piece juice box holder that is adjustable to fit most juice boxes and pouches. It is designed to prevent children from squeezing juice boxes and making a mess.
The top of the holder locks in the drink, and it is BPA and phthalate-free. The MyDrinky is made in the USA and is suitable for use in the car, in bed, on the carpet, and everywhere in between.
During her Shark Tank pitch, Brenda Lee Feldman asked for a $400,000 investment in exchange for 10% equity in InchBug. She also showed the Sharks the company’s Orbit Labels, which were a much bigger seller than the MyDrinky.
he Orbit Labels are adhesive labels that can be used to label children’s cups to avoid mix-ups and the spread of germs.
The Sharks focused their line of questioning on the Orbit Labels because of their huge earnings. Despite not receiving a deal on the show, InchBug hit it big by focusing on what works.
What happened to InchBug /MyDrinky after Shark Tank?
Brenda Lee Feldman appeared on Shark Tank in April 2016 to pitch her company, InchBug, which offered the MyDrinky adjustable juice box holder and Orbit Labels.
During her pitch, she focused on the MyDrinky product but also demonstrated the Orbit Labels to show that InchBug was not a one-product company. Feldman did not receive a deal from the Sharks, but she continued to grow the company after the show.
After Shark Tank, Feldman apparently scrapped the MyDrinky product and focused on Orbit Labels.
Today, InchBug offers a wide variety of customizable label products. In 2023, InchBug announced a deal with the national baby retail chain Buy Buy Baby. The company’s website now covers dozens of baby-related products.
Is InchBug /MyDrinky Shark Tank still in business?
Yes, InchBug is still in business. Brenda Lee Feldman, the founder of InchBug, appeared on Shark Tank seeking a $400,000 investment in exchange for 10% of her business. During her pitch, she showcased her MyDrinky Juice Box Holder and Orbit Labels.
Although she did not secure a deal with the Sharks, Brenda continued to grow her company. Today, InchBug offers a wide variety of customizable label products, including plastic and sticker labels in various designs and colors for adults and children.
InchBug’s most popular product is the Original Orbit Label, a customizable, non-adhesive, and reusable label designed to wrap around infant bottles and Sippy cups.
Brenda has also launched Orbit Label 2.0, which improves on the original product and is making an estimated profit. The MyDrinky product was apparently scrapped, and InchBug focused on Orbit Labels.
InchBug is still in operation and has a successful Amazon store. Brenda has gone into some independent shops, and her company is thriving.
What Is The Current Valuation Of Inchbug /Mydrinky After Shark Tank?
Brenda Lee Feldman appeared on Shark Tank in 2016 seeking a $400,000 investment in exchange for a 10% stake in her company, InchBug / MyDrinky.
This valuation suggests that the company was worth $4 million at the time. However, she did not secure a deal with the Sharks. Despite not securing a deal, InchBug / MyDrinky has been successful in the market, with annual revenues reaching $5 million.
After the show, Feldman apparently scrapped the MyDrinky product and focused on Orbit Labels, which were a much bigger seller.
Today, InchBug offers a wide variety of customizable label products, including plastic labels and sticker labels in a wide variety of designs. As of 2022, Brenda Lee Feldman has a net worth of $5 million.
Can they write on InchBug Orbit labels?
Except for the 2 oz. preemie bottle and the 4 oz. normal bottle, the Orbit Labels suit all Dr. Brown’s bottles. Writing on any of the custom labels is not recommended by InchBug.
Do Orbit labels fit Dr. Brown’s bottles?
Dr. Brown’s ordinary 4 oz. bottles do not fit 3D Icon Orbit Labels.
How do they label kids’ water bottles?
It’s easy: They remove the transparent top flap and write their students’ names on the lower paper portion.
After that, take off the backing and press to seal. Finally, a waterproof label! Stick the label on anything — lunch boxes, drink containers, they name it — and it will last for months in the dishwasher.
What are the Orbit Labels made out of?
An elastomeric material that meets Food and Drug Administration (FDA) Regulation 21CFR 177.2600. This material is similar to that used in pacifiers and infant bottle nipples.
This substance was chosen since it is non-toxic and has long-lasting properties that can sustain regular use.
To backfill the customization, they do not use paint or ink.
How durable is an Orbit Label?
Orbit Labels are made from a high-quality material that has been proven to survive dishwashing, boiling, and microwaving.
The life expectancy of the Orbit Labels is difficult to determine since there are several elements to consider, such as over-stretching.
What do they get in one Orbit Label package?
They may now pick between a 2-pack and a 4-pack of Orbit Labels as of June 2021. Each personalized Orbit Labels bundle features labels in a single color with similar customization.
How many colors can they select per package of Orbit Labels or Adhesive Labels?
Because all labels within a set must have the same color (unless otherwise specified), only one color can be used per package.
Do they need to remove the Orbit Labels before placing in the dishwasher, sterilizing, or microwaving them?
No! Orbit Labels have been created and tested to resist frequent dishwashing, boiling, and microwave use. The Orbit Label is not going to peel, fade, or wash away.
How does one buy InchBug products?
By visiting their official website, they may purchase most of their products without difficulty. They can also get their products from Amazon and Buy Buy BABY which is owned by Bed Bath & Beyond.
How do InchBug /MyDrinky makes money?
By selling their products.
Did InchBug /MyDrinky secure an investment from the Shark Tank?
InchBug /MyDrinky fail to secure an investment from the Sharks.
What did InchBug /MyDrinky do after Shark Tank?
Brenda did get into Buy Buy Baby and some other mom and pop shops. She’s still in business and has a vibrant Amazon store and the annual sales is $5 million.
What are the strengths of InchBug /MyDrinky?
Orbit Labels are versatile and simple to use that can be applied to a wide range of objects. Also, they are the first personalized labels on the market that meet FDA regulation 21 CFR 177.2600.
What is their target audience?
Orbit Labels are for a range of households with kids across the country. It is essential that they know the size of their child’s drinking container before they select a label.
Where is InchBug, headquarters?
InchBug, headquarters is located at Austin, United States.
What is InchBug, industry?
InchBug is in the industry of Converted Paper Product Manufacturing.
What is InchBug, phone number?
InchBug phone number is (512) 837-1010.
What is InchBug website?
InchBug, website is www.inchbug.com.
How many employees does InchBug have?
InchBug has 10 employees.
