What Happened to Wad-Free after Shark Tank? Wad-Free Shark Tank Update
What is Wad-Free?
Wad-Free is an intriguing device that is designed to prevent sheets of all types from being tangled inside a washing and dryer.
Wad-Free is a simple device that speeds up the washing process by preventing the squares from becoming entangled with other items within the washer.
Additionally, things are constructed using recycled and non-toxic plastic. Additionally, she stated that each item may be used and used for years.
Cyndi Bray, the brains behind Wad-Free, earned a bachelor’s degree in business administration from Michigan State University and a master’s degree in business administration from the University of Illinois at Chicago.
However, Wad-Free was developed out of annoyance when Cyndi’s linens came out in a wad after being placed into her washer/dryer. Whatever she did, the sheets were entangled with one another or with other smaller things, resulting in incorrect washing or even damage to the apparatus.
Who is the founder of Wad-Free?
Cyndi Bray is the founder of Wad-Free. She created the solution to address a frequent issue: sheets that become tangled in the dryer, trapping all the items within. When she went in search of a solution, she was unable to discover one, so she devised.
Her tale is quite remarkable. She taught herself physics, computer-aided design (CAD), and how to build a prototype. Additionally, she registered the product, tested many prototypes, and identified a manufacturer. All of this was accomplished in just 14 months!
The product is a four-inch square of plastic with rounded corners. There is a hole with a snap closing in each corner. Simply remove a few inches from each corner of your sheets (this method works for both normal and fitted sheets), insert them through the hole above the rounded snap tab, and attach them with the snap.
After that, simply wash and dry as usual. The sheets will not wad up in any way, and drying periods will be significantly shortened. Watch the video below for more thorough information or see the website’s instructions.
A two-pack costs $18.99 on Amazon. Cyndi founded the business in June 2020, in the midst of the Covid-19 epidemic.
Despite this, she was able to generate purchases through her videos and website. She also engaged in extensive outreach on social media, and within eight months, she was growing “rapidly.”
What Happened to Wad-Free at Shark Tank pitch?
Cyndi Bray seeks investment from a Shark in Shark Tank episode 1306 for Wad-Free, her product that keeps sheets from “wadding up” in the dryer. She’s looking for a Shark to assist her in breaking into retail and growing the brand.
Cyndi entered the Shark Tank in seeking of $200,000 in exchange for a 5% stake in her firm, which worth $4 million.
She begins by displaying the many ways in which sheets become wadded up in the dryer. She then has some pre-fitted sheets with Wad-Frees already attached and claims that with the help of a Shark, she can transform her product into wads of cash, actually throwing wads of cash onstage.
Kevin states that he sleeps nude on $1000 Egyptian cotton sheets and was curious as to whether this would harm them; it will not.
Since June 2020, total sales have exceeded $513,000; each item costs $3.50 to manufacture, plus $3.50 for delivery, which she absorbs, making a 38 percent profit.
She offers her products at Walmart, The Grommet, on her website, and on Amazon. A week after recording, her utility patent will be issued.
Following that, she discusses her background. She holds an MBA and formerly had a 20-year-old advertising firm.
In 2005, she left her job to care for her husband, who was diagnosed with a brain tumor. Shark Tank premiered in 2009, two months after she lost her husband, and she has been a fan ever since. The Sharks, in a manner, encouraged her to found Wad Free.
Mark was not a laundry person, and this product is not his cup of tea; he went out.
Robert acknowledges that a large part of why he does Shark Tank was to inspire individuals like Cyndi, he also went out.
According to Kevin, this was a “typical Mr. Wonderful royalty’s deal.” He offers $200,000 in exchange for 10% equity and a royalty of $1.50 per unit until he recoups $1 million.
Lori was about to make an offer as well, but Daymond interjects and says he was out.
Lori believes that the product was brilliant and believes that she can increase sales through Better Bedder.
Additionally, she plans to film an infomercial and distribute it to “all the retailers.” Lori offers $200,000 in exchange for 25% equity shares.
Cyndi counter Lori $200,000 in exchange for 10% equity shares. Mr. Wonderful and Lori make a strong case for why they would make a better partner.
Kevin asserts that he was capable of doing all of Lori’s functions, but better. Lori finally settles on a price of $200,000 for 20% equity shares.
Kevin revised to $200,000 for 5% equity and a royalty of $1.50 per unit until $1 million is recouped, and Cyndi accepts Kevin’s offer due to the equity and exits the pitch with a deal.
What Happened to Wad-Free after Shark Tank?
Sales soared immediately following the event. The deal with Kevin O’ Leary is now undergoing due diligence.
The company is still operating as of February 2022, although dependable revenue is unavailable.
Competitors of Wad-Free
The primary competitors of Wad-Free in the market space are; Whirlpool’s Dryer Sheets Feature, Dryer Balls, and Dryer Bags.
Net Worth of Wad-Free
The company valuation was $4 million during and after the investment done by Kevin O’ Leary. Since then the company is still operating and hence the company net worth might have been higher than that of pitch.
What is Wad-Free?
Wad-Free is a sheet attachment that prevents sheets from being tangled in the dryer. It is an innovative sheet saver that keeps bedding flat and neat by eliminating the need for elastic bands, clips or pins. It’s a 4″ x 4″ plastic film product.
Who Invented Wad-Free?
Wad-Free was invented by founder and inventor Cyndi Bray of Clearwater, Florida.
How much was Cyndi asked on Shark Tank?
Cyndi Bray was asking for $200,000 for 10% stake of the business.
How much money did Cyndi Bray make from Shark Tank?
Cyndi make $200,000 for 5% equity and a royalty of $1.50 per unit until $1 million is recouped from Kevin O’ Leary.
Is Wad-Free still in business?
Yes. The company is still operating and the founder, Cyndi Bray is still the owner of the business.
Where can I buy Wad-Free?
Customers can purchase Wad-Free sheets direct from their website as well as on Amazon.
How much do they cost?
They cost $18.99 and are available in various colors like white, black, pink, navy blue and purple. They also come in twin, full, queen and king size bedding sets.
What is Wad-Free made of?
It is a 4″ x 4″ plastic film product made of polyethylene. They are also available in twin, full, queen and king size.
How safe is Wad-Free?
Wad-Free sheets are designed to fit over old sheets, not to be used with new ones. To avoid putting new items into the dryer; the owner should remove all of their bedding and then put on clean, dry sheets that have been bought specifically for this purpose.
Is Wad-Free loud?
No. Wad-Free sheets are designed to be quiet and gentle on the clothes.
How do you use Wad-Free?
Wad-Free sheets are easy to use: just wrap the sheet around itself and toss in the dryer! Each pad is 27 inches long so it can be used as a sleeve after wrapping around the entire set.
Is Wad-Free easy to use?
Wad-Free sheets are easy to use.
What is the warranty on Wad-Free?
The entire product is guaranteed against manufacturing defects for one year after purchase. There is also no warranty on breakdown caused by misuse or abuse.
Is Wad-Free safe for my sheets and appliance?
Wad-Free sheets are made from durable plastic film and are safe for dryer and its accessories.
Is Wad-Free sustainable?
Yes. The company has a recycling program through which used pads are recycled into a valuable product called Coat hanger. This product is used by campers as makeshift handles on door latches, tent poles, etc.
Is Wad-Free reusable?
Yes. The company also has a reusability program through which used pads are recycled into a valuable product called coat hanger.
Where is Wad-Free made?
Wad-Free is made in the United States of America.
Is there a money back guarantee?
Yes. The company offers a 45-day money back guarantee on all its products that are purchased directly through their website.
What is the net worth of Cyndi Bray?
The net worth of Cyndi Bray is not available.