Pinch Me Therapy Dough Net Worth
During her appearance on Shark Tank, Nancy was seeking a $300,000 investment in exchange for a 7% stake in her company, which was valued at $4.2 million.
However, after a round of negotiations with the sharks, she ultimately accepted an offer from Robert Herjavec for $300,000 in exchange for a 20% stake in her company, resulting in a $1.5 million valuation.
It is currently unclear what the current valuation of Pinch Me Therapy Dough is, as there is no public information available on the matter.
However, given the success of the product and the positive response it has received from customers and investors alike, it is likely that the valuation has increased since the company’s appearance on Shark Tank.
What is Pinch Me, Therapy Dough? Who is the Founder of Pinch Me Therapy Dough?
Pinch Me Therapy Dough is a malleable dough designed to relieve stress and promote relaxation in individuals. The dough works in two ways: firstly, by engaging the hands and diverting the mind from stress, and secondly, by offering a variety of scents that have been specifically chosen for their calming properties.
Nancy Rothner, a clinical hypnotherapist with a background in stress management, is the inventor of Pinch Me Therapy Dough. Before creating the product, she ran her own hypnotherapy business, Coastal Hypnotherapy.
Rothner was inspired to create the dough as a portable tool for her clients to use when they were feeling anxious.
As individuals work the dough with their hands, it provides a soothing and comforting sensation. Additionally, Rothner incorporates aromatherapy into her product by including scents that elicit positive thoughts and feelings.
Pinch Me Therapy Dough comes in two sizes, with the smaller size retailing for $14.99 and the larger size for $24.99.
The product is available in twelve scents, including Spa, Sun, Ocean, Relief, Zen, Surf, Bumbleberry, Refresh, Chill, Citrus, Spice, and Beach. Each scent is associated with a particular color that is also intended to promote relaxation.
Pinch Me Therapy Dough Shark Tank Pitch
During season 12 episode 16 of Shark Tank, Nancy Rothner sought $300,000 for a 7% stake in her company, Pinch Me, Therapy Dough, valuing it at $4.2 million. She presented her product and shared that she had made over $5.3 million in sales in less than five years.
Her sales were on track to reach $2.5 million in 2020 before the COVID-19 pandemic, which affected her boutique merchants, causing her to make only half of that.
Despite the Sharks enjoying the product’s scents, Mark Cuban, Lori Greiner, and Daymond John declined to invest, while Kevin O’Leary and Robert Herjavec both offered $300,000 for a 25% share in the company.
Rothner tried to get the two to accept her initial offer of 7% and even offered 10%, but they refused. John then entered the bidding at 20%, followed by Herjavec. Despite Rothner’s attempt to reduce the equity share to 17%, they declined, and she ultimately accepted Herjavec’s offer.
While it is unclear whether the deal with Herjavec was completed, Pinch Me Therapy Dough received 5-star reviews after the episode aired in March 2021, and according to Shark Tank Blog, its yearly income was projected to be $1 million in July 2021.
What is the Net Worth of Pinch Me Therapy Dough?
Nancy appeared on Shark Tank in search of $300,000 in exchange for a 7% stake in her company. This translates to a $4.2 million valuation.
She accepted an offer from Robert of $300,000 for 20% stake thus a $1.5 valuation in the Company.
The current valuation is unavailable.
Who are the Competitors of Pinch Me Therapy Dough?
There are no competitors identified for Pinch Me Therapy Dough.
Pinch Me Therapy Dough FAQS
What is Pinch Me Therapy Dough?
Pinch Me Therapy Dough is a squishy dough that is intended to calm and relax people. The dough functions in two ways.
For starters, the dough occupies users’ hands, removing the mind from tension and calming the muscles.
Who invented Pinch Me Therapy Dough?
Nancy Rothner was the inventor of Pinch Me Therapy Dough.
How much was she seeking in the Shark Tank?
Rothner appeared on Shark Tank seeking $300,000 for a 7% stake in her business. This means a total valuation of $4.2 million.
Did Rothner get a deal from the Sharks?
Nancy Rothner of Lewes struck a deal with multimillionaire Robert Herjavec on ABC’s “Shark Tank” on March 5, winning a $300,000 investment for a 20% ownership in the firm.
Where can they buy Pinch Me Therapy Dough?
Pinch Me Therapy Dough can be found on Amazon and the Company’s website.
What is the website of Company?
The website is www.pinchmedough.com
How much does it cost to make and to buy?
The therapeutic dough costs $4.50 per unit and retails for $14.99, while the bigger version costs $7.50 per unit and retails for $24.99.
When was Pinch Me Therapy Dough aired on the Shark Tank?
Pinch Me Therapy Dough was aired on Shark Tank on 5th of March, 2021.
How do they contact Pinch Me Therapy Dough?
They can contact them via email at [email protected] or they can also visit their website www.pinchmedough.com
Who would use Pinch Me?
Pinch Me was created to be used by anybody, anywhere.
What are the benefits?
Pinch Me gives a cleansing release of muscular tension through the mild pressure of kneading.
It causes a natural shift of concentration from the mind to the hand, where the current tension may be crushed and released.
The relaxing effects of the mild smells were chosen separately.
How long will Pinch Me last?
This will be determined by how much they utilize it. Their dough is meant to survive hundreds of uses if properly stored and packed in its original container.
Is Pinch Me gluten-free?
No. Use with caution if they have a wheat or gluten intolerance.
When will their order ship?
Their purchase will be sent within two days.
How much will shipping cost?
Orders over $50 qualify for free shipping.
Can they ship to countries all across the world?
Pinch Me currently only ships to the United States and Canada. They intend to grow in the future!
How can people make changes to or cancel their order?
If they need to make changes to their order, send an email to [email protected] with their name and order number.
What is the net worth of Nancy Rothner?
Nancy Rothner’s net worth is current unavailable.
Does therapy dough dry out?
It also has a pleasant, calming tone to it, which they appreciate.
For those who claim it burns out soon, simply mix it with a little water and it’s as good as new.
Where is Pinch Me based?
They are headquartered in New York City.