Pluto Pillows Shark Tank Update| Pluto Pillows after Shark Tank
What is Pluto Pillows?
An innovative company that has recently hit the market with an auto-pillow. This item is made to resemble one of Jaw’s teeth and is meant to be placed over your head while you sleep.
Which makes sense, given that each pillow is custom-made to an individual’s specifications.
Susana Saeliu and Kevin Li are the founders of Pluto Pillow. Susana is an entrepreneur with past experience. She graduated from the University Of Southern California Marshall School Of Business.
Kora Brand was her first venture, through which she offered bamboo bath tissues. Following a successful start, she sold the business and founded Tradex Marketplace, a firm through which she processed client returns and saw their product reviews.
Who is the Founder of Pluto Pillows?
Susana Saeliu and Kevin Li are the founders of the Pluto Pillow. Susana, a graduate of the University Of Southern California Marshall School Of Business, has previous entrepreneurial expertise.
Kora Brand was her first venture, and it marketed bamboo bath tissues. She sold the firm after a successful start-up and founded Tradex Marketplace, a company through which she processed client returns and received their product feedback.
While working in customer service, she discovered that many pillows were being returned because they were unsuitable for the consumer.
Furthermore, when she required a pillow, she was confronted with a plethora of options, none of which satisfied her.
The individually tailored to their physical characteristics, sleeping patterns, and preferences. There are currently 35 possible variations, which mean that nearly every Pluto Pillow will feel unique.
Kevin Li, her buddy, entered the picture at that point. Susana consulted Kevin, who himself had pillow issues.
They collaborated on the concept of a single pillow that can be tailored to the customer’s sleep schedule, pattern, level of comfort, and other preferences.
They enlisted the assistance of sleep specialists, physical therapists, and even consumers to perfect their design.
This marvelous idea comprises of interior foam that can be modified in height and density. Susana stated that the CertiPUR-US certified foam used in their pillows is devoid of hazardous elements such as mercury or lead.
The interior foam is then encased in a silky polyester microfiber cover. These microfibers may be further adjusted in terms of length, thickness, and quality to meet the specific comfort requirements of each customer.
Additionally, the pillow’s surface is comprised of high-percentage polyethylene, which aids in temperature regulation on the pillow’s surface.
What Happened to Pluto Pillows at Shark Tank pitch?
Following the product’s conception, Kevin and Susana decided to submit their idea to Shark Tank investors for cooperation.
Kevin and Susana approached Shark Tank wanting $400,000 for a 5% stake of their firm at valuation of $8 million.
The team presented an impassioned pitch about how their company could personalize a pillow to match each customer’s individual tastes through the use of their proprietary algorithm and the 35 different pillow stuffing’s and pillowcases they offered.
Additionally, they claimed that they sold their pillows for $95 and added $18 for delivery.
While the Sharks were clearly interested by the concept, they were not pleased with the $8 million valuation they put to their firm. As a result, Lori Greiner opted to quit from making the deal.
The pair then attempted to persuade the Sharks by demonstrating how they relied heavily on machine learning and algorithms to find the optimal pillow for each client and even highlighted that they had a utility patent pending on their technique for allocating the optimal pillow to each customer.
Unfortunately for them, Mark Cuban was even more hesitant to make an offer since he believed they were underutilizing their machine learning and algorithms. Daniel Lubetzky followed Cuban’s lead and refused to make an offer as well.
It came down to Kevin O’Leary and Robert Herjavec in the end. Kevin O’ Leary, too, determined that investing in the firm would be too hazardous and exited.
Robert, on the other hand, stunned everyone when he decided to invest in the business. He discussed how much he admired the entrepreneurs’ character and the breadth of their patent in order to defend his choice to make an offer.
Although Kevin and Susana entered the tank prepared to part with a 5% stake in their firm, Robert believed the offer was too low and countered with a $400,000 offer for a 20% stake in the company.
The two countered with a $400,000 offer for a 9% ownership, asking Robert whether he would accept 9% rather than 20%.
Robert refused to bend and believed that 20% was a reasonable request. As a result, the pair respectfully refused the offer and went away without any deal.
What Happened to Pluto Pillows after Shark Tank?
Kevin and Susana continue to drive their firm to success despite the fact that they were unable to strike a deal with the Sharks.
The firm continues to operate and has even introduced new goods on the market and into retailers.
Currently, the firm sells its items on its website and on Alibaba. The company will have a net value of $8 million in 2021.
Net Worth of Pluto Pillows
The company net worth is $8 million in 2021.
Pluto Pillows FAQs
What is Pluto Pillows?
Pluto Pillows is a company headquartered in Sherman Oaks, California. It provides its customers with customized pillows for their maximum comfort.
Who is the founder?
Kevin Li and Susana Saeliu are the founders of Pluto Pillows. Kevin Li is a graduate of the University of Southern California.
He was an employee at ecommerce Firm Alibaba before becoming a co-founder for Pluto Pillows.
What is their offer on Shark Tank?
They were asking for $400,000 for a 5% stake of the business at a valuation of $8 million.
What did Robert Herjavec offer?
He offered $400,000 for 20% stake of the business at a valuation of $2 million. But they refused.
What is the net worth of the Pluto Pillows?
The company’s net worth is $8 million in 2021.
Is still in business?
Yes, the firm is still in business.
Where is their office located?
They are based in Sherman Oaks, California.
Does Pluto Pillows offer discounts?
Yes, they do. They usually run discount offers on their website and social media platforms. Check out their site to know more about their offers and promotions.
How long does a Pluto pillow last?
As a result, it becomes unable of performing its fundamental functions and maintaining ones spine in a neutral alignment and assisting users in getting a good night’s sleep. Pillows should be replaced every 18 to 36 months, depending on their quality.
Where do Pluto pillows ship from?
All orders are sent through UPS from our warehouse in Los Angeles, California. Everyone will receive their pillow within 7 business days (unless otherwise specified); however, the majority of zip codes will receive their pillow considerably sooner.
How do you test a pillow?
After passing the sight and smell tests, it’s time to do the fold test: Every pillow should be folded in half. If it remains folded and does not bounce back to its former shape, it is a dead pillow. Anyone can do this test over their arm using natural fill cushions.
Is a down pillow worth it?
Down is softer and fluffier than feathers. While this is more costly than feather pillows alone, it often provides more comfort.
While down may be gathered during normal bird molting, it is most commonly harvested from meat birds.
What is my pillow made of?
Each pillow’s cover fabric is 100% cotton, and it feels light and soft to the touch. The pillows are filled entirely with polyurethane foam, which makes them shapeable, fluffable, and easily foldable.