Plufl Shark Tank Net Worth-What Happened After Shark Tank?
What Is Plufl Shark Tank And Who Founded Plufl Shark Tank?
Plufl is a human-sized dog bed-style design bed that is meant for human beings. It was created by Yuki Kinoshita and Noah Silverman, who met while students at the University of British Columbia.
They both graduated in 2022 and like many other students, they like to take naps throughout their day. The idea for Plufl came about when Silverman wished there was a product for him to catch a nap in that was like the massive dog bed.
The company name, Plufl, is derived from a mash-up of “fluffy” and “plush,” which were words used by Silverman and Kinoshita’s friends to describe the product.
Plufl provides relief from stress, exhaustion, anxiety, etc. Hence the design of the Bed is like a dog bed. It costs $399 but it costs $140 landed. They did over $280,000 on Kickstarter.
In Shark Tank Season 14 Episode 5, Yuki and Noah entered with ‘Plufl’ and asked Sharks for $200,000 for a 10% Equity at a $2 Million Valuation. Mark Cuban and Lori Greiner invested $200K in ‘Plufl’ for 20% Equity each.
After going through more than 10 different prototypes and business planning, the company was officially incorporated in March and Plufl found its claim to fame through a viral Tik Tok.
The video became so widely circulated that the two young businessmen found themselves with an opportunity to go on ABC’s “Shark Tank”.
Plufl Shark Tank Updates
Plufl is a human-sized dog bed for napping that was pitched on Shark Tank Season 14 Episode 5 by Yuki Kinoshita and Noah Silverman. They asked for an investment of $200,000 for a 10% equity stake in their business, valuing the company at $2 million.
Mark Cuban and Lori Greiner invested $200,000 for a 20% equity stake in Plufl, with each shark taking 10% . After the episode aired, Plufl experienced a short-term boost in popularity and sold over 3,000 units on pre-order basis for January 2023 due to high demand.
The company had generated $280,000 on Kickstarter and an additional $130,000 in gross revenue sales since ending the Kickstarter campaign. The founders of Plufl are Yuki Kinoshita and Noah Silverman, who started their startup during college. The company is based in Seattle, Washington.
Summary Table: Plufl Shark Tank
| INFORMATION | DETAILS |
| Company name | Plufl |
| Founders | Yuki Kinoshita and Noah Silverman |
| Product | Human-sized dog bed-style design bed for napping |
| Cost | $399 per bed |
| Kickstarter | Raised $280,000 |
| Shark Tank investment | $200,000 for 20% equity from Mark Cuban and Lori Greiner |
| Current net worth of founders (as of 2022) | $800,000 |
| Current status | Still in business with over 3000 units sold on pre-order basis for January 2023 due to high demand |
How Does Plufl Shark Tank Works?
Plufl is a company that appeared on Shark Tank in October 2022. The product is marketed as “a dog bed for humans” and is made out of orthopedic memory foam with a thick pillow border for users to tuck in their hands and feet.
The idea for Plufl came from Noah Silverman, who was working as a barista while attending the University of British Columbia in Vancouver, Canada. He noticed a custom-made, very large dog bed that was perfect for mid-day napping and was envious of the Great Dane that used it.
The company name, Plufl, is derived from a mash-up of “fluffy” and “plush,” which were words used by Silverman and his friends to describe the product.
After appearing on Shark Tank, Plufl secured a deal. In April 2023, the company claimed that the product helps users get relief from stress, exhaustion, and anxiety. Plufl has seen rapid growth and success since its appearance on Shark Tank and has opened a fulfillment center in Shepherdsville, Kentucky.
What Is The Current Valuation Of Plufl Shark Tank?
The current valuation of Plufl Shark Tank is $1 million. The company was valued at $2 million by the founders at the time of their appearance on Shark Tank, but the Sharks brought it down to $1 million. Mark Cuban and Lori Greiner invested $200,000 for a 20% stake in the company.
As of December 2022, the deal with Mark and Lori had not closed yet, but Plufl had sold over 3000 units on a pre-order basis due to high demand.
What Happened To Plufl At Shark Tank?
Yuki Kinoshita and Noah Silverman presented their business pitch for Plufl, which sells oversized dog beds and blankets for humans, on Shark Tank Episode 1405. They asked for $200,000 for 10% of their company.
Although not all the Sharks were convinced to invest in Plufl, Mark Cuban and Lori Greiner offered $200,000 for a 20% stake in the company. The deal was accepted by Yuki and Noah.
As of December 2022, the deal with Mark and Lori has not closed yet. However, Plufl has sold over 3000 units on a pre-order basis due to high demand. While Plufl got a deal on Shark Tank, some fans were not convinced with the product.
They felt that the price of buying dog beds for humans was too high at $399 per bed.
What Happened To Plufl After Shark Tank?
As of December 2022, the deal with Mark and Lori has not closed for Plufl after their appearance on Shark Tank.
Yuki Kinoshita and Noah Silverman introduced Plufl, their human-sized dog beds for napping, to the Sharks in Season 14 Episode 5. They were seeking $200,000 for 10% of their company and ended up accepting Mark and Lori’s offer of $200,000 for 20% – 10% each.
After the show aired, Plufl launched a Kickstarter campaign that raised around $290,657 by May 2022. Beta testers had positive feedback about the product, and it gained traction on social media platforms like TikTok.
However, there is no update on whether Plufl has been successful in the market or if they have closed a deal with Mark and Lori since December 2022.
Plufl Shark Tank Net Worth
Yuki Kinoshita and Noah Silverman presented their business pitch for Plufl, a human-size dog bed-style design bed meant for humans, on Shark Tank Season 14 Episode 5.
They asked for $200,000 for a 10% equity at a $2 million valuation. Mark Cuban and Lori Greiner invested $200,000 in Plufl for 20% equity each. As of 2022, Yuki Kinoshita and Noah Silverman have a net worth of $800,000.
It is unclear what the current net worth of Plufl as a company is since it has only been one year since its inception in October 2021.
While some sharks liked the product on Shark Tank, not all of them were convinced to invest in Plufl. Fans were also not convinced with the product due to its high price point of $399 for purchase.
Is Plufl Still In Business?
Yes, Plufl is still in business as of November 2022. The company had generated $280,000 on Kickstarter and an additional $130,000 in gross revenue sales since ending the Kickstarter campaign.
They have sold over 3000 units and are on a pre-order basis for January 2023 due to high demand. Mark Cuban and Lori Greiner invested $200K in Plufl for 20% equity each during their appearance on Shark Tank Season 14.
