InchBug /MyDrinky Shark Tank Update | InchBug /MyDrinky after the Shark Tank Pitch
What is InchBug?
InchBug is an Austin, Texas-based firm best known for creating The Original Orbit Label, a customized, non-adhesive, and reusable label meant to wrap around infant bottles and Sippy cups.
It’s a useful item for large families, schools, and day care centres.
MyDrinky, an adjustable juice box holder meant to protect youngsters from becoming sticky when drinking juice, is another popular product.
Feldman launched her company in 2004 with InchBug Orbit Labels, a simple stretch-and-release band that fits snugly around a range of containers and can be simply personalized with a child’s name.
My kid was attending a Mother’s Day Out program in 2004, and I was told that her Sippy cups were to be tagged with her name.
This was done to reduce cross-contamination and pathogens. I tried a permanent marker, which went away in the dishwasher, and tape, which invariably tripped and fell off the cup.
There has to be a more efficient approach! In a brilliant ‘light bulb’ moment, I conceived of what would become The Original Orbit Label, my first product and the foundation of InchBug.
She has recently extended to sticky stickers that may be used as allergy alerts on clothing, items, or meals.
The stickers may also be customized with a child’s name. Feldman visits the Tank with her most recent creation, the MyDrinky juice box holder.
A juice box cannot be squeezed or spilled when put into a MyDrinky.
Who Founded InchBug /MyDrinky
Brenda Lee Feldman.
What happen to InchBug /MyDrinky at the Shark Tank Pitch?
The labels range in price from $8 to $13, and any product may be customized with a child’s name in your preferred font and colour scheme.
Although the MyDrinky has yet to hit the market, InchBug also provides training trousers, bibs, cutlery, swim goggles, and other accessories.
Feldman will most certainly want the assistance of a Shark to help her scale up production on MyDrinky.
Brenda comes in looking for $400,000 for a 10% stake in her company. This indicates a $4 million value.
She distributes MyDrinkys and orbit labels as samples, underlining that she is not a one-product firm.
Mr. Wonderful wonders why she has a $4 million valuation while she’s speaking. When she informs the Sharks that she’s only sold $50,000 of MyDrinky, they’re not impressed.
She gets their attention again when she informs them the orbit labels have a lifetime sales value of $15 million.
The previous year’s revenues totalled $2 million. Although the Sharks are clearly intrigued in the labels, Brenda keeps returning to MyDrinky.
She wants to be able to buy it from a store.
Robert Herjavec revealed that Brenda had a consistent $2 million annual revenue and was “living the dream” with Orbit Labels, but retail was a tremendous project, way too much work for him, and he was stepping out.
Mark Cuban was eager to withdraw as well, telling Brenda that she was ‘Killing it,’ but that her goal to enter the whole new World of retail was a bad idea.
Barbara dislikes MyDrinky Concept and leaves.
Lori was underwhelmed and wished Brenda the best of luck before leaving.
Surprisingly, Mr. Wonderful provides $400,000 in exchange for a $1 per unit royalty until he recoups his $1.2 million investment.
He wants 5% of the company in exchange for this. Kevin promises to promote the brand on social media, but Brenda is curious about retail.
Kevin then states that his offer is conditional on his not going into retail. Brenda isn’t happy with that and declines the offer, which means she’s out of the tank without a contract.
InchBug /MyDrinky after the Shark Tank Pitch
Brenda did visit Buy Buy BABY (which is owned by Bed Bath & Beyond) and a few other small businesses.
MyDrinky is also available online, via the InchBug website, as well as on Amazon and other online retailers.
Brenda introduced Orbit Label 2.0 in August 2021, which features contrasting personalization without the need of ink or paint and is the first on the market manufactured of 100 percent kid-safe silicone.
She also introduced additional symbols, including a dinosaur, a smile, a cupcake, a heart, a trophy, a diamond, a rocket, and a unicorn. The company’s annual revenue is $5 million.
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
Is InchBug still in operation?
She’s still in business, with a thriving Amazon store.
Can InchBug labels go in dishwasher?
Their labels have all been designed and tested to withstand the rigors of a dishwasher and microwave.
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 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 student’s name 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 back-fill 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 proved 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 colour with similar customization.
How many colours can they select per package of Orbit Labels or Adhesive Labels?
Because all labels within a set must have the same colour (unless otherwise specified), only one colour can be used per package.
Do they need to remove the Orbit Labels before placing in the dishwasher, sterilizing, or microwaving?
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.