Squeeky Knees Shark Tank Net Worth 2023
Squeeky Knees was estimated to be worth $400,000 when it appeared on Shark Tank in 2023. However, the company abruptly closed its doors shortly thereafter and its exact net worth is unknown.
It is uncertain whether Squeeky Knees’ closing was due to poor performance or a lack of capitalization, but regardless, the company’s valuation of $400,000 remains what it was at its peak during the pitch.
The closure of Squeeky Knees highlights the importance of careful financial planning for start-ups and small businesses looking to turn profits for long-term success.
What is Squeeky Knees? Who is the Founder of Squeeky Knees?
Squeaky Knees offers a range of knee pads that aim to safeguard knee joints without causing any extra weight or bulk. The pads use unique technology that employs silicone to dampen noise and vibrations that arise during activities like running, jumping, and stair-climbing.
The brand was established by Lisa and Ivan when they found it challenging to keep up with their active newborn child due to their busy schedules. Lisa noticed that their child was getting bruises and scratches while crawling around the house when she wasn’t around.
She then came up with the idea of creating a clothes patch that would provide protection while still allowing them to hear where their child was.
In 2010, Evans established Squeeky Knees with the intention of safeguarding her son’s knees and bum from harm, while also providing him with an enjoyable way to navigate around the house.
As one might expect, a toddler’s clothes emit a squeaking sound when they move. In addition, parents are able to keep track of their little one’s movements, as children seem to adore them!
Initially, Evans partnered with a company named Right Bank Babies to create and market the collection, but the line has since been discontinued.
The Squeeky Knees collection encompasses knee-highs, jeans, pants, overalls, onesies, stockings, and leggings. All garments are made in the United States of America and are machine washable.
What Happened to Squeeky Knees at Shark Tank pitch?
Ivan Barnes and Lisa Evans stepped into the Shark Tank with the aim of finding a partner for their child clothing line, Squeeky Knees. Their proposition was to receive $80,000 in exchange for a 20% share in the company, which they valued at $400,000.
The clothing line is designed with knee pads that not only protect children from knee injuries but also emit a squeaking sound that helps parents keep track of their children’s whereabouts within the home.
When asked about sales, Ivan revealed that they had only sold 500 units, generating a revenue of just over $10,000.
The business has been operating for three years, with the first year dedicated to obtaining patents. However, Kevin O’Leary dismissed the concept as “sucking” and claimed that the reason for the lack of sales was due to the product being undesirable.
Lori Greiner disagreed, stating that if a product worked, consumers would want to buy it. However, given the low sales figures, she declined to invest. Mark Cuban pointed out that while Squeeky Knees was a product, it was not yet a business and subsequently left the pitch.
Robert Herjavec also felt that sales were insufficient, and Kevin O’Leary despised the product, leading both to exit the pitch.
Daymond John was the only Shark who remained interested in investing, but he was concerned that Ivan and Lisa’s disagreements with Mark Cuban suggested potential issues in working together. Ultimately, Ivan and Lisa left the Shark Tank without securing a deal.
What Happened to Squeeky Knees after Shark Tank?
Despite receiving a boost in promotion from the well-known Shark Tank effect after the episode aired, Squeeky Knees failed to achieve significant success.
Currently, the website is still functioning, but the social media accounts have remained inactive since 2014, and many of the products offered for sale are not currently available.
Although the creators of Squeeky Knees initially reacted strongly to the Sharks’ evaluations, it appears that their criticisms were valid and predicted the outcome.
Although Squeeky Knees was an excellent idea, the Sharks were shrewd and decided not to invest. Their decision was justified, as the company ceased operations in 2017.
Net Worth of Squeeky Knees
During the pitch the company was valued at $400,000. Since then the company close its door and company net worth is unknown.
Squeeky Knees FAQs
What is Squeeky Knees?
Squeeky Knees is a line of knee pads that are designed to protect the joints of the knees without adding any weight or bulk.
They are equipped with patent-pending technology that utilizes silicone to absorb noise and vibrations caused by jumping, running, and climbing stairs.
Who is the founder?
Evans founded Squeeky Knees in 2010 as a way to protect her son’s knees and bum while also providing him with a fun way to explore the house.
As they would guess, a toddler’s clothes squeaks as he or she moves. Additionally, parents are always aware of where their infant is; children appear to adore them as well!
How did Squeeky Knees get started?
Lisa and Ivan founded it because they were too busy to keep track of their active, new-born child.
What is their offer on Shark Tank?
They were asking for $80,000 for 20% equity. This would be worth $400,000.
Did they get an offer?
No, they didn’t.
Why are they interested in the Sharks’ offer?
They want to enter the big market, so they accepted the offers of any Shark.
Are they still in business?
No, they are no longer, but they are selling online.
Is safe to buy online?
Yes, their online store is safe and secure to use.
What is the website?
Squeekyknees.com is the website where one can find all their products.
Is the Squeeky Knees profitable?
Squeeky Knees seems a little bit profitable because it is a huge company.
How do I pay?
One can use credit card, debit card or PayPal to pay for their orders.
How long is the shipping?
Most of the products are in stock and will be shipped within 2-3 business days.
Has Squeeky Knees been featured in any TV shows or news channels?
Yes, they have been featured several times on the well-known Shark Tank show that airs on CNBC.
What are the weaknesses?
Because of their small staff they have a hard time keeping up with customer’s demands.
What are the strengths?
They have a great concept, and a reasonable price.
Do they have a Facebook page?
Yes they do, it is https://www.facebook.com/SqueekyKneesLtd/.
How is their business model?
They are trying to make money by selling their products.
What is the best thing in Squeeky Knees?
The squeaky knees, they think it is the funniest part of their products.
What is the opportunity?
They could do better business based on the concept and the price.
Compare their product to other similar products?
They think their idea is totally unique and different than any other product on the market.
What materials are used in their product?
They use high quality silicone, which is better than elastomeric copolymer because it is more durable and stronger at the same time.
Is a private or public?
They are privately owned.
What are the strengths?
The squeaky knees, they think it is the funniest part of their products.
How do I contact them?
Contact them through their website http://www.squeekyknees.
Is there any plan to resume?
They do not know when they will resume; they will let customers know when it is done.
Is it legit?
Yes, they have been paying their bills.
What is the main reason for their product to fail?
The main reason for their product to fail is that they weren’t able to keep up with customer demands and the orders.
What are their future plans?
They believe that time will tell if their product was a success or failure; however, they hope that it will become a huge success.
How is Squeeky Knees growing?
They are growing very slowly; sales are only a few hundred dollars a month.
What is the net worth of Lisa Evans?
Lisa Evans net worth is unknown.
What is the net worth of Ivan Barnes?
Ivan Barnes net worth is unknown.
