Twin Z Pillow Shark Tank Net Worth
Twin Z Pillow, a feeding cushion designed for mothers of twins, was valued at $750,000 during its pitch. Since then, the company has had annual sales of $1 million in 2021, indicating an increase in net worth.
The cushion serves a dual purpose, providing support for newborns during feeding and serving as back support for the mother. In addition to the twin cushion, the company also sells feeding pillows for single babies and neck support pillows for toddlers and adults.
Twin Z Pillow was founded in 2009 by husband and wife team Jason and Michelle Barsosky, who both have backgrounds in pharmaceutical sales. They continue to serve as executives for the organization. Michelle came up with the idea for the Twin Z Pillow after struggling to support her twin girls during feeding.
After realizing there was no product that could solve her problem, she created the first Twin Z Pillow for herself and later patented the invention.
The cushion is made with high-quality materials and is suitable for breastfeeding or bottle-feeding, as well as providing support for mothers who have had C-sections. It has received positive reviews from mothers around the world and is sold online and on Target’s website.
What Happened to Twin Z Pillow at Shark Tank pitch?
Michelle and Jason Barsosky appeared on Shark Tank in season 6, episode 18 to pitch their Twin Z Cushion, which is a breastfeeding pillow designed for twins. They were hoping to secure funding in order to expand their retail presence. Their offer was $75,000 for a 10% stake in the company, which valued it at $750,000.
During the pitch, Michelle revealed that feeding twins could take up to 12 hours a day, but the Twin Z Pillow could cut feeding time in half. The Barsoskys claimed to have made $510,000 in sales in a single year, which Mr. Wonderful challenged using the “subset of a subset” argument. Mark was impressed by their efforts but declined to invest.
Robert believed they should stay online, while Lori and Barbara disagreed and wanted to expand into retail. Mr. Wonderful offered $75,000 with a royalty of $10 per unit until he recoups three times his investment, while Lori offered $150,000 with a $5 royalty until her investment was recouped, after which she would keep a 5% stake in the company. Barbara offered $75,000 for a 20% stake in the company, and Kevin and Robert offered $75,000 each with a 2.5% equity kicker once the royalty was paid over.
Lori and Barbara made competing offers, and Lori ultimately won the deal with an offer of $75,000 for a 15% stake in the company. However, the deal with Lori was never finalized after the show aired, and the company continued to operate independently. As of December 20, 2021, the Twin Z Pillow had an annual revenue of $1 million.
Competitors of Twin Z Pillow
The primary competitor of Twin Z Pillow is Baby Bar’s Twins Pillow.
Net Worth of Twin Z Pillow
The company was valued at $750,000 during the pitch, since then the company has been operating with annual sales of $1 million in 2021. This justify that the company net worth had elevated.
Twin Z Pillow FAQs
What is Twin Z Pillow?
Twin Z Pillow is a product that was created by twin mums of twins as well as working mothers who needed a solution for their child that used to end up on the floor during feeding.
Who is the founder?
Twin Z Pillow was founded by Michelle Barsosky and Jason Barsosky.
How much were they asking on Shark Tank?
They were seeking for $75,000 for a 10% stake in their business.
Did they have the deal?
Yes, they had the deal with Lori Greiner.
How much did they get?
They ended up with a $75,000 for 15% ownership of the company at valuation of $500,000, but the deal was never completed by Lori Greiner.
Is Twin Z Pillow still in business?
As of December 2021, Twin Z Pillow is still in operation with annual revenue of $1 million.
What is the revenue of Twin Z Pillow?
Twin Z Pillow had annual revenue of $1 million as of December 2021.
How do I use Twin Z Pillow?
Twin Z Pillow comes in handy when feeding your twins. By using this pillow one will be able to feed their twins comfortably at all times whilst providing back support and no need to find a place to sit down as they can fold it up and feed their twins anywhere they want.
What is the size of the Twin Z pillow?
“What are the dimensions of the Twin Z Pillow?” The Twin Z Pillow is about 36″ x 24″ x 5″ on the exterior.
Is the Twin Z pillow safe to use?
The pillow might be a suffocation threat. Please avoid using it in cribs, bassinets, playpens, or beds. When using the cushion, an adult should always be present. Please do not leave the infant alone.
How do you feed with a Twin Z pillow?
To breastfeed the twins, just lay the twin z’s middle leg behind their back, loop the two ends over, and fasten them in front. As required, adjust the buckle.
The middle leg offers solid back support. To offer the most support, the back can be propped up on a bed or couch.
Can newborns sleep in a Twin Z pillow?
The answer is emphatically no. The American Academy of Pediatrics advises against using any form of cushion in cribs. Unfortunately, as useful as the breastfeeding pillow is, their infant should never be allowed to sleep on it.
Can the Twin Z Pillow be washed?
They recommend spot cleaning the cushion with a moist soapy towel. The covers may be cleaned and dried in the washing machine on any cycle.
What is the net worth of Michelle Barsosky?
Michelle Barsosky’s net worth is unknown.
What is the net worth of Jason Barsosky?
Jason Barsosky’s net worth is unknown.