The Sleep Styler’s Net Worth
The Sleep Styler has made more than $100 million in sales over the years, making it one of the most popular products ever on Shark Tank.
As of 2020, however, the actual net worth of Sleep Styler is unknown. Tara Brown, the founder of The Sleep Styler, has a net worth of $80 million as of 2022.
The company’s net worth is certainly more than the original valuation of $375,000 when Tara pitched to the sharks.
What is The Sleep Styler and Who is the Founder of The Sleep Styler?
The Sleep Styler is a recently launched hair curler that is designed to save time, prevent hair damage, and provide stunning results. It is made of absorbent memory foam and is designed to be worn while sleeping, leaving you with beautiful wavy hair in the morning. The core of the system is a memory foam tube wrapped in water-absorbing microfiber. After washing your hair, you can lay it flat or curl it around the tube, secure it with the strap, and go to bed. The Sleep Styler dries and styles your hair overnight, without the use of harsh blow dryers.
Dr. Tara Brown, an ophthalmologist with 15 years of experience and a mother of two, is the creator of The Sleep Styler. Tara graduated from Tulane University Medical School and completed her ophthalmology residency at the University of California. As a busy mother and doctor, she was frustrated by the time-consuming process of styling her naturally frizzy hair every morning, as well as the damage caused by chemicals and heat. The idea for The Sleep Styler came to her when she was removing a braid from her daughter’s damp hair and noticed how it had maintained its shape after drying.
Tara realized that her product would require sewing skills, which she lacked. She enrolled in a fashion school while continuing to practice ophthalmology until she felt confident enough to start producing The Sleep Styler. Her Kickstarter campaign reached its $10,000 goal in just 24 hours and eventually raised a total of $47,000.
The Sleep Styler has won several awards, including the Fox San Diego Inventor’s Day 2015 and the Best in Show Award 2015 Direct Response Expo. The Sleep Styler works by utilizing the fact that hair retains its shape when it dries, allowing users to style their hair while they sleep.
Sleep Styler Shark Tank Pitch
Tara started her presentation for The Sleep Styler on Shark Tank with an audition video. She explained that as a working mother, getting ready in the morning can be challenging, especially when it comes to styling hair.
She believed she had created a solution to this problem and was seeking a $75,000 investment for a 20% stake in her company.
During the pitch, Tara shared that she had raised $47,000 through a successful Kickstarter campaign and had sold $6,000 worth of products on her website in just three weeks.
Lori Greiner was impressed with the product and made an offer of $75,000 for 30% ownership. After some negotiation, they settled on a deal for 25% ownership.
Following the Shark Tank appearance, The Sleep Styler experienced tremendous success. It generated $1.5 million in sales within 24 hours, and after eight months, it earned $75 million in total sales. The product was made available on QVC as promised, selling out within minutes, and was also sold in Walmart and Bed, Bath & Beyond.
Lori Greiner’s involvement helped the business grow even further, with her company taking over the manufacturing and delivery of The Sleep Styler in 2017.
This allowed Tara to focus on her ophthalmology business and her family. As of June 2021, The Sleep Styler has lifetime revenues of over $150 million, making it one of the top ten Shark Tank products of all time.
The Sleep Styler’s Net Worth
Tara went on Shark Tank hoping to get $75k for a 20% stake in her company. This equates to a $375,000 valuation.
Shae accepted an offer from Lori of $75,000 for 25% stake thus brining valuation to be $300,000.
Current valuation must be higher than that on Shark Tank since the company is making good sales.
The Sleep Styler Competitors
Tifara Beauty Hair Rollers and Aimin Hair Soft Light Rollers are some related products to The Sleep Styler
The Sleep Styler FAQS
What is The Sleep Styler?
The Sleep Styler is a patented product that is used to style their hair with sleep. This means that when they go to sleep, they can style it as they do when they are awake.
Their hair will not get tangled and their style will not be damaged after sleeping on it.
Who is the founder of The Sleep Styler?
The Sleep Styler was founded by ophthalmologist Tara Brown.
How much was she seeking in the Shark Tank?
Tara was seeking $75,000 for a 20% stake in her company.
Did she get the deal from the Shark Tank?
Shae accepted an offer from Lori of $75,000 for 25% stake thus brining valuation to be $300,000.
Is The Sleep Styler still in business?
The Sleep Styler is still in business. They have gone past $150 million in total sales since being on Shark Tank.
How much money has The Sleep Styler made to date?
The company’s lifetime revenues are more than $150 million as of June 2021.
Where can they find The Sleep Styler?
They can get yourself a Sleep Styler from Target, Walmart or Amazon.
When was The Sleep Styler founded?
The Sleep Styler was founded in 2015.
Where is The Sleep Styler located?
The Sleep Styler is located in La Jolla, San Diego, California.
How much did Lori make on sleep Styler?
The Sleep Styler achieved $1.5 million in sales one day after securing backing from Lori Greiner.
Greiner’s business took over production three weeks later, and The Sleep Styler is now available on QVC, Walmart, Bed, Bath & Beyond, and Amazon, where it has garnered over $150 million in sales.
Where is the sleep Styler now?
The Sleep Styler comes in two sizes and is available through the company’s website as well as outlets such as Walmart, Bed Bath & Beyond, and Amazon.
Can the sleep Styler straighten hair?
The straightening process is only intended for long hair and only works with the Long rollers. If they wish to reduce curly texture but have shoulder-length hair, they can use The Sleep Styler Short.
Can they wash the sleep Styler?
Styler for Sleep While they sleep, rollers will dry and shape their hair. Rollers should not be placed or stored near a heat source.
To launder the fabric, remove the foam insert and wash it cold on a gentle cycle by hand or machine.
Tumble dry on low heat or hang to dry on a towel.
What is net worth of Dr. Tara Brown?
Dr. Tara Brown’s net worth is unavailable.
How much is The Sleep Styler?
The Sleep Styler costs $39 purchase.
