The Pop Pacifier Shark Tank Net Worth 2023
The Pop Pacifier, a medical-grade pacifier that pops into a protective container when dropped, was featured on Shark Tank in January 2018.
At the time, the company had only sold 25,000 units and earned $117,000. After appearing on Shark Tank, The Pop Pacifier reached $1 million in sales by October 2018.
In the Shark Tank pitch, Nicki Radzely asked for $250,000 in exchange for a 5% stake in her firm which was valued at $5 million.
After negotiating with Lori Greiner, Sara Blakely and Kevin O’Leary, she accepted Kevin’s offer of $250,000 for 10% stake in the firm. As of November 2021, The Pop Pacifier is stable and generating revenue.
What is The Pop Pacifier? Who is the founder of The Pop Pacifier?
The Pop Pacifier is a medical-grade pacifier designed to maintain the hygiene of the pacifier when it falls on the ground. It comes with a protective container that encases the pacifier to keep germs and other pollutants away.
The pacifier is made of silicone, ensuring that dirt and other contaminants cannot enter through any seams or crevices.
The founders of the company, Nicki Radzely and Janna Badger, both have a bachelor’s degree. Nicki Radzely studied at the University of Central Florida and worked as an Oncology Product Specialist at Johnson & Johnson, while Janna Badger interned in interior design at New Deal Design after attending Brigham Young University.
They established Doddle & Co. together.
The idea for the Pop Pacifier came to Janna Badger during her tour in Seoul, South Korea. They worked on the design and sourcing of components for nearly a year before receiving a patent for the pacifier in November 2015.
They raised funds to launch Doddle & Co. through a Kickstarter campaign in early 2016, which raised $22,708.
Currently, Doddle & Co. only sells the Pop Pacifier and tethers, but the founders are planning to expand their product line.
The Pop Pacifier received an Innovation Award from the Juvenile Products Manufacturers Association for its bacteria-free silicone structure and the ability to snap into a protective container.
The Pop Pacifier is available for purchase at $9.99 for a single pacifier or $18.99 for a two-pack. The pacifiers come in six vibrant colors, but the tethers, which are sold separately for $9.99 each, do not include a protective shell.
The Pop Pacifier Shark Tank Pitch
Radzely decided to pitch her idea to investors on Shark Tank to help spread the word about her product and get it distributed in large box stores. She offered a 5% stake in her company, valued at $5 million, in exchange for $250,000.
During her pitch, she shared her experience and provided samples of her patented product, which was already available at Nordstrom and Buy Baby.
While the firm had only been established for four months, they had successfully raised $25,000 on Kickstarter. Each unit cost $1.20 to produce and sold for $9.99.
Daymond expressed concerns about the high valuation, while Kevin offered $250,000 for a 10% stake in the company.
Sara offered $250,000 for a 15% stake, citing her ability to showcase the product on her website. Lori joined Sara in offering $250,000 for a 20% stake, split equally between them.
After negotiating with the three Sharks, Radzely accepted Kevin’s offer of $250,000 for a 10% stake, and finalized the deal with him, earning him a seat on the company’s board of directors.
In April 2018, the company experienced a major issue when their bank, JP Morgan, blocked their accounts, causing them to be unable to collect payments or pay vendors and workers.
After two weeks, the issue was resolved, and the bank apologized to the vendors. Since then, the company has been stable and generating revenue of $1 million per year as of November 2021.
Net Worth of The Pop pacifier
The firm was valued at $5 million during the pitch, after Kevin investment the company valued at $4 million.
The company has been performing well in sales since then with annual revenue of $1 million in 2021. This means that the net worth has also increase.
The Pop pacifier FAQs
What is The Pop pacifier?
The Pop Pacifier is a medical-grade pacifier that, when dropped to the floor, pops into a protective container.
The silicone ensures that germs and other pollutants are kept out of the pacifier.
Who is the founder?
The Pop Pacifier was founded by Nicki Radzely and Janna Badger. Nicki Radzely earned a bachelor’s degree from the University of Central Florida, while Janna Badger earned a bachelor’s degree from Brigham Young University.
Nicki formerly worked as an Oncology Product Specialist at Johnson & Johnson. Janna, on the other hand, interned at New Deal Design in interior design. They currently had co-run their firm, Doddle & Co.
How much were asking on Shark Tank?
They were asking for $250,000 for 5% of the firm at valuation of $5 million.
Did they get the deal?
Yes, they got the deal from Kevin O’ Leary for $250,000 for 10% of the company. This is a total valuation of $4 million.
Is The Pop pacifier still in business?
Yes, it is still in business as of November 2021. They have annual revenue of 1 million.
How much does the pacifier cost?
The pacifier can be bought for $9.99 for single or for $18.99 for two packs on their official website but the tethers is only available in one pack which cost $9.99
Can a baby sleep with a pacifier all night?
Yes, parents may safely give their infant a pacifier before bedtime. Users make it as secure as possible, though, please sure to follow these guidelines: DON’T connect a string to the pacifier since this might offer a strangling danger.
DON’T offer their infant a pacifier at night while he or she is learning how to nurse.
Can The Pop Pacifiers cause gas?
Babies often inhale a large amount of additional air via their mouths while eating, sucking on a pacifier, or crying.
As a result, the National Institute of Diabetes and Digestive and Kidney Diseases reports that they can pass gas between 13 and 21 times each day.
How often do you need to wash The Pop pacifier?
Pacifiers should be washed daily with soap and water or run through the dishwasher a couple of times a week. Discard any pacifiers that appear to be worn or have visible cracks. Maintain a supply of clean pacifiers in multiples to facilitate switching.
Can The Pop pacifier cause weight loss?
If a pacifier is used in place of feedings, it may affect the milk production or cause the baby to lose the weight.
How do you disinfect The Pop pacifier?
Prior to the first usage, sterilize the pacifier by immersing it in hot water for 5 minutes. Ensure that it has cooled sufficiently before feeding it to the baby. Keep it clean by washing it after each use in hot, soapy water.
Do I need to sanitize The Pop pacifier?
If one use bottles or pacifiers disinfect them before the first use and on a frequent basis thereafter; however, sterilizing them after each use is not required.
Apart from routine cleaning, these things should be sterilized on a periodic basis.
What is the net worth of Nicki Radzely?
Nicki Radzely net worth is unknown.
