SiliDog Shark Tank Update | What Happened to SiliDog after Shark Tank?
What is SiliDog?
Silidog is a company that designs and produces customized dog tags made of durable, waterproof, and colorfast silicone.
They come in a wide range of colors and can be personalized with a short message showcasing your dog’s individuality.
The founder and CEO of Silidog, Michael Lickstein, brings a background of business experience to the company, having previously worked as an undergraduate assistant at the University of Florida’s Center for Innovation and Entrepreneurship and as a Business Analyst Team Lead at the University of Florida’s Innovate and Tech Licensing Center before starting his own business, Lick’s Clique.
Who is the founder of SiliDog?
Michael Lickstein, the founder and leader of SiliDog, has extensive business experience and a passion for dogs.
He came up with the idea for noiseless dog tags after adopting a puppy with fleas who constantly scratched and caused its tags to make noise.
He launched the company on Kickstarter in 2015 and raised $11,357. Michael has a history of fostering pets, including one that was thrown from a moving vehicle, which inspired him to start SiliDog and began the company out of his parents’ garage with the support of friends.
What Happened to SiliDog at Shark Tank pitch?
In Shark Tank episode 806, Michael Lickstein presents his company, SiliDog, a next generation dog tag business, to the Sharks seeking a $100,000 investment in exchange for 15% equity in his company, which is valued at $666,667.
He plans to use the funds to expand production and approach large pet retailers. Despite interest from some Sharks, ultimately a deal is struck with Lori Greiner for $100,000 in exchange for 30% equity and a $0.50 royalty per unit sold.
What Happened to SiliDog after Shark Tank?
Although Michael secured a deal on Shark Tank, the deal with Lori never materialized and SiliDog struggled with fulfilling the influx of orders from the “Shark Tank Effect.” This led to customer complaints, but they were primarily related to delivery delays rather than product quality.
Michael worked to address these issues and as of January 2022, the company is still operating with an estimated $900,000 in annual sales.
Competitors of SiliDog
The primary competitors of SiliDog are; Looksur, L.L.C, Lowest Price Merchant Inc., Bitsy Bottom, LLC and Chic Deux Boutique.
Net Worth of SiliDog
The company valuation was $666,667 during the pitch, since then the company is still operating and hence the company net worth might have elevated.
SiliDog FAQs
What is SiliDog?
SiliDog is a dog tag that is waterproof, tearproof and does not fade. The tags are created with non-rusting metals, and they are fixed around the dog’s neck by a rubber ring.
Who is the inventor?
Michael Lickstein is the inventor of SiliDog Dog Tags.
How much was asking on Shark Tank?
Michael was asking $100,000 for 15% equity share of his company.
Did he have the deal?
Yes, Michael had secured a deal with Lori to receive $100,000 for 15% equity share of his company plus $0.50 royalty each unit, but the deal was never completed.
Is SiliDog still in business?
Yes, as of January 2022, the firm is still in business.
Is SiliDog worth the money?
Yes, SiliDog is worth the money. The product has a great demand and the business model of SiliDog is quite good.
Why should we buy SiliDog?
If one love their dog and they want to treat it with something special then this product is best suited for them, it’s a great dog tag that will last forever and their dog will look extremely cool with it.
How to use your SiliDog?
The dog tags can be used in any environment as they are waterproof, tearproof and non-fade. The rubber ring is used to fix the dog tag around the dog’s neck.
Where to buy SiliDog?
The SiliDog can be bought online at http://www.SiliDog.com/
How old are the dog tags?
The tags are made from non-rusting metals, and they are fixed around the dog’s neck by a rubber ring. The tag itself is waterproof, tearproof and does not fade. It can be customized with a message on it.
How many dog tag styles do you produce?
There are 15 different designs that have been produced so far.
What makes SiliDog different?
The company claims that their tags are waterproof, tearproof and do not fade. It also comes with a variety of colors and words to personalize the tags.
Some other companies like Lick’s Clique which sells silicone tags claim similar qualities but at a comparatively lower cost.
Where can I find SiliDog?
SiliDog is available at All Pets Considered in Greensboro, North Carolina. SiliDog is still revolutionizing the worldwide pet tag business five years later.
SiliDog, a leading producer of pet tags, grows globally to over 60 countries, spreading the concept “Every Dog is a SiliDog.”
Is SiliDog safe for dogs?
SiliDog tags are safe and harmless for dogs. The tags are made from non-rusting metals and are fixed around the dog’s neck by a rubber ring.
Is SiliDog expiring?
No, SiliDog dog tags do not expire. However, the plastic tag which holds this silicone tag design may show signs of ageing or wear over time.
How many characters can be engraved on each tag?
Some of the designs have enough space to engrave up to 15 characters on each tag. The available characters are numbers 0-9 and characters A-Z.
What makes SiliDog waterproof?
The silicone itself is waterproof and tearproof.
What is the net worth of Michael Lickstein?
The net worth of Michael is not revealed.