ReadyFestive Shark Tank Net Worth-What Happened After Shark Tank?
Readyfestive Shark Tank Updates
ReadyFestive is a subscription service that delivers personalized home decor style products for various seasons and holidays. The company was founded in 2018 by Kristina Barnes and Elizabeth Voelker.
ReadyFestive offers themed boxes for different holidays and seasons, and customers can customize their boxes or choose to be surprised. The items included in the delivery are meant to suit the customer’s aesthetic.
The company’s subscription service allows customers to receive their boxes and add, upgrade, skip, or cancel their boxes at any time.
ReadyFestive appeared on Shark Tank Season 14 and made a deal with Robert Herjavec. The entrepreneurs asked for $250,000 for 10% equity, and they were able to get Robert to drop his equity ask to 18% .
The company had generated more than $1.5 million in gross sales at the time of the pitch. As of February 2023, ReadyFestive is still in business and headquartered in San Francisco, California.
ReadyFestive’s subscription service is a convenient option for customers who want to decorate their homes for different holidays and seasons without the time and energy of shopping. The company’s customizable boxes and on-trend, quality decorations make it stand out from its competition.
ReadyFestive’s success on Shark Tank and its continued business operations suggest that the company is meeting a need in the market for personalized and convenient home decor options.
What Is ReadyFestive? Who Founded ReadyFestive?
ReadyFestive is a seasonal and holiday decoration subscription box business founded by Elizabeth Voelker and Kristina Barnes.
It delivers personalized home decor style products for various seasons and holidays, such as Christmas, Easter, Halloween, and Thanksgiving.
Customers can choose from three different price points ($69, $99 and $159) box sizes, with multiple decor collections and product assortments for each holiday/season.
ReadyFestive is headquartered in San Francisco, California, United States and employs approximately 2-10 employees.
What Happened To ReadyFestive At Shark Tank?
According to the search results, Ready Festive appeared on Shark Tank Season 14 Episode 9 and asked for $250,000 for a 10% equity at a $2.5 million valuation.
Mark Cuban, Barbara Corcoran, and Kevin O’Leary all decided to drop out of the negotiations because they believed the business was too small to be worth the investment at its current size.
However, Robert Herjavek was interested in investing and offered $250,000 for 20% equity in the company. They counteroffered and ended up with $250,000 in exchange for 18% equity.
Summary Table: ReadyFestive Shark Tank
|Kristina Barnes and Elizabeth Voelker
|San Francisco, California, USA
|Personalized home decor style products for seasons/holidays
|Customizable boxes with three different price points
|Number of employees
|Shark Tank pitch
|$250,000 for 10% equity (valued at $2.5 million)
|Shark Tank deal
|$250,000 for 18% equity (Robert Herjavec)
|Gross sales at pitch
|More than $1.5 million
|Still in business (as of February 2023)
|$1.38 million USD (as of 2023)
|Approximately $28 billion (retail seasonal decorations, US)
|No information available
What Happened To ReadyFestive After Shark Tank?
ReadyFestive is a holiday-themed subscription box business that was featured on Shark Tank Season 14 Episode 9.
The founders, Kristina Barnes and Elizabeth Voelker, asked the sharks for $250K for a 10% equity at a $2.5 million valuation.
Robert Herjavec offered $250,000 for 20% equity in the company, but they counteroffered and ended up with $250,000 in exchange for 18% equity.
After Shark Tank, ReadyFestive continued to provide its services only in the United States. As of February 2023, ReadyFestive is still in business and selling its home decor gift boxes.
There is no information available on whether or not the company has expanded its services outside of the United States or if it has received any additional funding since appearing on Shark Tank.
How Does Readyfestive Works?
ReadyFestive is a holiday subscription box service that allows customers to choose their favorite themes and products for each box. Customers can add, upgrade, skip, or cancel their boxes at any time.
ReadyFestive opens its box customization feature for subscribers one month prior to each holiday/season’s shipping date. Customers will be billed on each respective holiday/season’s bill date, per the ReadyFestive calendar.
ReadyFestive was started in October 2019 by Kristina and Elizabeth. The company’s goal is to help customers save time and energy by providing them with holiday decorations and products that match their style and preferences.
Customers can pay for their subscription beforehand for a discount of 10%, or they can pay as they go per box.
ReadyFestive appeared on Shark Tank hoping to improve their business and take it to a higher scale. The company’s success grew during the COVID-19 pandemic when people were unable to go out and shop for holiday decorations.
What Is The Current Valuation Of Readyfestive?
ReadyFestive is a personalized holiday and seasonal home decor service that was featured on Shark Tank America in December 2022. The two moms behind the company asked the sharks for $250K for a 10% equity at a $2.5 million valuation.
After raising funds on Shark Tank, the company’s value was $1.5 million. As of 2023, ReadyFestive has a net worth of around $1.38 million USD.
Since appearing on Shark Tank, ReadyFestive has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of $1.38 million USD.
The retail seasonal decorations market size in the United States is approximately $28 billion, and this industry is continuously growing with the increasing population.
ReadyFestive can become a very good option for online shopping users for decorating items. The company is headquartered in San Francisco, CA, United States and employs approximately 2-10 people.
ReadyFestive Shark Tank Net Worth
Ready Festive had an estimated net worth of 1.39 Million USD as of December 2022.
Ready Festive is a company that offers festive-themed decor subscription boxes. The founders, Kristina Barnes and Elizabeth Voelker, appeared on Shark Tank seeking an investment of $250,000 for a 10% stake in their business, giving it a valuation of $2.5 million.
After some negotiations, the deal was closed at $250K for an 18% stake in the business. Robert Herjavec saw huge potential in ReadyFestive.
Since appearing on Shark Tank, Ready Festive has experienced tremendous growth and success. They have secured additional funding and partnerships, leading to an estimated net worth of 1.38 Million USD as of 2023. The founders have a net worth of 03 Million USD as of 2023.
Despite some negative feedback from Shark Tank fans about the overpriced subscription boxes, ReadyFestive’s convenience and time-saving aspect were attractive to consumers.
Is ReadyFestive Still In Business?
Yes, ReadyFestive is still in business as of February 2023. ReadyFestive is a seasonal and holiday decoration subscription box business that delivers personalized home decor style products for various seasons and holidays.
The company offers customizable items that are meant to suit the customer’s aesthetic. Depending on the size of the box, Ready Festive sells their boxes for between $70 and $150.
ReadyFestive was featured on Shark Tank Season 14, where entrepreneurs Liz Voelker and Kristina Barnes pitched their festive home decor business.
They asked for $250,000 for 10% equity and shared that their company had generated more than $1.5 million in gross sales. Robert Herjavec made an offer of $250,000 for 20% equity, but the entrepreneurs decided to drop out of negotiations.