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 a 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 bachelor’s degrees. 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.
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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, it had successfully raised $25,000 on Kickstarter. Each unit cost $1.20 to produce and is 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 its bank, JP Morgan, blocked its accounts, causing them to be unable to collect payments or pay vendors and workers.
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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’s investment the company was 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 increased.
The Pop Pacifier Shark Tank Updates
The Pop is a medical-grade silicone pacifier that pops into a protective casing when dropped on the floor, designed to keep the pacifier clean and bacteria-free.
The product was pitched by Nicki Radzely on Shark Tank in January 2018, where she 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 a 10% stake in the firm.
The Pop 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.
After appearing on Shark Tank, The Pop Pacifier reached $1 million in sales by October 2018. As of November 2021, The Pop Pacifier is stable and generating revenue.
The company has been valued at $4 million after Kevin’s investment. The Pop Pacifier is available for purchase at $9.99 for a single pacifier or $18.99 for a two-pack.
Summary Table: The Pop Pacifier Shark Tank Net Worth 2023
PRODUCT/COMPANY | THE POP PACIFIER |
Founders | Nicki Radzely, Janna Badger |
Product | Medical-grade pacifier with a protective container |
Sales | $1 million (as of November 2021) |
Shark Tank Pitch | Offered 5% stake for $250,000 (valuation of $5 million) |
Shark Investor | Kevin O’Leary offered $250,000 for 10% stake |
Valuation | $4 million (after Kevin’s investment) |
Awards | Innovation Award from the Juvenile Products Manufacturers Association |
Price | $9.99 for a single pacifier, $18.99 for a two-pack |
Other Products | Tethers (sold separately) |
Updates | Stable and generating revenue |
The Pop Pacifier FAQs
What Is The Pop Pacifier, Founder, And How Does It Work?
The Pop pacifier is a germ-resistant pacifier that stays clean when dropped. The pacifier is a one-piece design made of medical-grade silicone that meets US and EU safety standards. It is free of lead, PVC, BPA, latex, and phthalates and is available in a variety of bright colors.
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The Pop pacifier was invented by Janna Badger, an industrial designer, who came up with the idea while attending a church service and watching an infant repeatedly expel a pacifier from its mouth.
Badger’s employer was supportive of the idea, and she partnered with Nicki Radzely, a mutual friend with a background in advertising, to launch Doddle & Co., a company that produces The Pop.
The Pop pacifier has a patented silicone nipple that pops back into its own self-protective bubble when it drops. This feature protects the nipple from contact with whatever surface the pacifier lands on, keeping it clean and germ-free.
The Pop pacifier has received several awards, including an Innovation Award from Juvenile Products Manufacturers Association and being named a Top Pick by Motherly Loves.
The Pop pacifier was also featured on an episode of Shark Tank, where Radzely pitched the product and received offers from Kevin O’Leary and a team-up of Lori Greiner and Sara Blakely. Radzely went with O’Leary, receiving $250,000 for 10% of the company.
How Much Was Pop Pacifier Asking On Shark Tank?
Nicki Radzely, the co-founder of Doddle & Co., appeared on Shark Tank in January 2018 to pitch the Pop Pacifier, a medical-grade pacifier that pops into a protective container when dropped.
During the pitch, 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 a 10% stake in the firm.
Daymond John took the lead on questioning Radzely about the cost, her sales, and why she thought the company was worth $5 million. The Pop Pacifier had only sold 25,000 units and earned $117,000 at the time of the pitch.
Despite the low sales and the critical feedback Daymond John had to offer, the Pop Pacifier had made some money and was already being featured in stores like Nordstrom and BuyBuy Baby.
After appearing on Shark Tank, The Pop Pacifier reached $1 million in sales by October 2018. As of November 2021, The Pop Pacifier is stable and generating revenue. The pacifiers are available for purchase at $9.99 for a single pacifier or $18.99 for a two-pack.
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Did Pop Pacifier Get The Deal?
Yes, the Pop Pacifier did get a deal on Shark Tank. Nicki Radzely, the co-founder of Doddle & Co., appeared on Shark Tank in season 9, seeking $250,000 for 5% equity in her company.
The Pop Pacifier is a cleaner baby pacifier that prevents germs from reaching the surface by popping when it’s dropped.
During the episode, Daymond John criticized the company and questioned its valuation of $5 million. However, Radzely ultimately accepted a $250,000 offer from Kevin O’Leary for 10% equity.
Despite the criticism and low sales, the Pop Pacifier was already being featured in stores like Nordstrom and BuyBuy Baby. After sealing a deal with O’Leary, the Pop Pacifier’s sales climbed dramatically, reaching $1 million in sales by October 2018.
While the revenue didn’t quite match the valuation, O’Leary’s expertise and investment served Radzely’s business well. The current sales for 2021 and 2022 haven’t been disclosed.
What Happened To The Pop Pacifier After Shark Tank?
The Pop Pacifier, a medical-grade pacifier that pops into a protective container when dropped, appeared on Season 9, Episode 19 of ABC’s Shark Tank.
Nicki Radzely, the founder of Doddle & Co., pitched 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. After negotiating with Lori Greiner, Sara Blakely, and Kevin O’Leary, she accepted Kevin’s offer of $250,000 for a 10% stake in the firm.
Before appearing on Shark Tank, The Pop Pacifier had only sold 25,000 units and earned $117,000. However, after appearing on Shark Tank, The Pop Pacifier reached $1 million in sales by October 2018.
The product was already being featured in stores like Nordstrom and BuyBuy Baby. As of November 2021, The Pop Pacifier is stable and generating revenue.
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In summary, The Pop Pacifier made a deal with Kevin O’Leary on Shark Tank and went from making $100,000 during its first four months in business to making $1 million in sales. The product is stable and generating revenue as of November 2021.
Is The Pop Pacifier Still In Business?
Yes, The Pop Pacifier is still in business as of 2023. The Pop Pacifier is a medical-grade pacifier that pops into a protective container when dropped, making it a cleaner pacifier.
The Pop Pacifier was featured on Shark Tank in January 2018, and after appearing on the show, the company reached $1 million in sales by October 2018.
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, and it comes in six vibrant colors. The tethers, which are sold separately for $9.99 each, do not include a protective shell.
The Pop Pacifier is being sold by Doddle & Co. While the sales for 2021 and 2022 haven’t been disclosed, sources speculate that Doddle & Co. is still generating revenue of roughly $1 million annually. The Pop Pacifier is still being sold on the Doddle & Co. website.
How much does the pacifier cost?
The pacifier can be bought for $9.99 for a single or for $18.99 for two packs on their official website but the tethers are 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.
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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.