The Sleep Styler Shark Tank Update | What Happened to The Sleep Styler after the Shark Tank Pitch?
What is The Sleep Styler?
The Sleep Styler is a new night-time hair curler designed to save you time, prevent hair damage, and provide gorgeous results.
The Sleep Styler is made of absorbent memory foam and is meant to be worn to bed so you wake up with lovely wavy hair.
A memory foam tube wrapped with water-absorbing micro fibre serves as the system’s heart. Simply wash your hair, lay it flat or curl it over the tube, fasten it with the strap, and sleep.
Your hair is dried and groomed without the use of harsh blow dryers in the morning.
Who is the Founder of The Sleep Styler?
Dr. Tara Brown, a mother of two and an ophthalmologist for the past 15 years, designed the Sleep Styler.
Tara graduated from Tulane University Medical School and completed her ophthalmology residency at the University of California before developing The Sleep Styler.
Tara is still an ophthalmologist in practice today.
Tara, a busy mother and doctor, never had time to style her naturally frizzy hair every morning, and she was fed up with how chemicals and heat damage were impacting her hair.
Tara was pulling a braid from her daughter’s hair that had been damp the night before when the idea for The Sleep Styler struck her.
She noted how wet hair held its shape after drying and envisaged a product that could style your hair as you slept.
Tara was well aware that the product she had envisioned would need the use of sewing abilities, which she lacked.
To address this, Tara went in fashion school part-time while continuing to practice ophthalmology until she felt ready to begin producing her product.
Tara’s Kickstarter campaign reached her $10,000 target in 24 hours and ended with a total of $47,000 raised.
When hair dries, it keeps whatever shape it was in. That procedure is used to style hair using the Sleep Styler.
Several prizes were bestowed onto the product, including the Fox San Diego Inventor’s Day 2015 and the Best in Show Award 2015 Direct Response Expo.
What happen to The Sleep Styler at the Shark Tank Pitch?
Tara began The Sleep Styler’s presentation with their audition video.
She stated that she shared a home with her spouse and two children. She and her spouse were both doctors.
People, she claims, don’t realize how difficult it is for women to get dressed in the morning.
She mentioned you’d have to account for hair, cosmetics, and getting the kids dressed in the morning.
Tara believed she had created a solution that would answer a practically universal need for women.
Tara went on Shark Tank hoping to get $75k for a 20% stake in her company. This equates to a $375,000 valuation.
She explains her products, demonstrates them, and gives samples to the Sharks.
Kevin inquired about her sales figures. Tara stated that she had started a Kickstarter campaign two months previously.
She reached her $10,000 financing target in the first 24 hours and concluded the deal for $47,000.
That was more than four times her original target. After the Kickstarter campaign finished, she sold $6000 worth of items only on her website. That’s not bad for only three weeks of sales.
Tara said that the eight-pack retailed for $39 but only cost her $9.94 to create.
Lori inquired as to how much she had invested, and Tara revealed that she had put $100,000 of her own money in.
Robert questioned Tara on why she need the $75,000 in the first place. She claimed that she could invest the funds on her own, but that she wanted the business experience of a Shark on her side.
Lori stated that she was pleased with the result. She described it as feeling like a gorgeous super suede that she would like to sleep on. She thought it was a brilliant idea.
Lori expressed her desire for it and stated that she would make an offer. She apologizes to the rest of the Sharks.
Lori offered Tara $75,000 in return for 30% ownership. She thought it would be a fantastic offering for QVC.
She informed Terry that all she wanted was for her to say yes right now.
Tara inquired, nervously, whether she might make a counter-offer.
Robert advised her to go for it since he had never seen Lori so enthusiastic about a product.
Tara asked Lori if she was willing to go down to 25%. Lori studied it as she looked down at her notes.
She eventually agreed, and the two stood up to hug each other.
The Sleep Styler after the Shark Tank Pitch
The Sleep Styler sold $1.5 million in sales within 24 hours of the Shark Tank program airing!
After only 8 months, Sleep Styler had earned $75 million in total sales, making it one of the best-selling items on the Shark Tank program.
Lori Greiner, an investor, assisted in making the Sleep Styler accessible on QVC, as promised.
It sold out within minutes of being on sale. It was also available at Walmart and Bed, Bath & Beyond.
Greiner took over the manufacture and delivery of the Sleep Styler from Brown in late 2017. Greiner’s firm is now totally in charge of the business’s operations.
Brown benefited from this since it allowed her to devote more time to her ophthalmology business and her family.
This is one of the top ten Shark Tank products of all time. The company’s lifetime revenues are more than $150 million as of June 2021.
The Sleep Styler 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.
