Zipit Bedding Shark Tank Net Worth 2023
The estimated net worth of ZipIt Bedding in 2023 is currently unknown, as the company is no longer in business. When they appeared on Shark Tank in February 2014, their valuation was $375,000.
Despite the Sharks’ misgivings about their marketing campaign, the founders persisted with their strategy and plans.
After the show aired, ZipIt Bedding gained some popularity but eventually shut down its official website and ceased operations.
What is Zipit Bedding? Who is the founder of Zipit Bedding?
Zipit Bedding is a unique bedding solution that combines a sheet and a comforter into one seamless unit, similar to a sleeping bag.
This innovative design provides the cleanliness and extra layer of a sheet while eliminating the hassle of dealing with a bunched up top sheet when making your bed.
Zipit Bedding comes in a variety of beautiful colors and designs, with every sleep set being reversible and some even featuring glow-in-the-dark options.
Cleaning is a breeze as well, as the bedding can easily be removed with a quick flip of the wrist and placed in the washing machine.
Founded by Jennifer MacDonald, Zipit Bedding is ideal for all types of sleeping arrangements, from bunk beds to Murphy and trundle beds.
Available in twin and full sizes, each set comes with a matching pillowcase that also zips up, ensuring that your pillows stay securely in place.
The company was created by MacDonald and her sister Hayley Carr, who understood the frustration of dealing with bunched up sheets and comforters. They sought to create a solution that would simplify the process, and Zipit Bedding was born.
With Zipit Bedding, making your bed only takes a few seconds, as opposed to the minute and a half it typically takes.
The twin set costs $55, while the full size set costs $65, and the company plans to introduce queen, king, and California king sizes in the future.
In summary, Zipit Bedding is a convenient, comfortable, and stylish bedding solution that makes life easier for everyone.
Zipit Bedding Shark Tank Pitch
In episode 18 of season 5 of Shark Tank, Hayley and Jennifer appeared to showcase their Zipit Bedding product to potential investors.
Their goal was to secure a $75,000 investment in exchange for a 20% stake in their company, which was valued at $375,000.
During their pitch, they demonstrated how the comforter could be easily attached to the fitted sheet, and also highlighted various adaptations that were created to accommodate bunk beds and other needs.
At the time, their patent was still pending, and they had sold 1,000 units through a three-minute TV commercial, which generated $7,500 in revenue.
However, they incurred a loss due to expenditures. Despite this, a large bedding provider had expressed interest in licensing the device, with the caveat of a 50,000 minimum order and a 4% margin on US sales and a 6% margin on overseas sales.
However, the contract would not have placed the bedding on store shelves until the summer, which did not meet the sisters’ goal of having the product available by Christmas.
Although the Sharks initially declined to invest, the women persisted with their marketing strategy, which included utilizing both television and commercials to raise brand awareness.
Lori Greiner was the only Shark who believed in their vision but felt they would have been better off taking the licensing contract and getting into large shops instead. In the end, the sisters left the Tank without securing a deal with a Shark.
Despite the Sharks’ skepticism about their marketing plan, the sisters were able to successfully get their product into Target, Bed Bath & Beyond, Walmart, and Amazon.
As of November 2021, the company’s annual revenue was $3 million. However, there have been some negative reviews on at least one website regarding delayed delivery of products.
Net Worth of Zipit Bedding
The company was valued at $375,000 during the pitch since the company has been doing well in sales with annual revenue of $3 million in 2021. This shows that the net worth of the company had elevated.
Zipit Bedding Shark Tank Updates
Zipit Bedding is a one-piece bed set that zips open and closed, making it easier for kids to make their beds. It appeared on Shark Tank Season 5, but the founders, Hayley Carr and Jennifer McDonald walked away without a deal.
Despite not securing a deal, Zipit Bedding has experienced tremendous growth and success. It has a net worth of around 3 million USD as of 2023.
Zipit Bedding has secured additional funding and partnerships, leading to its estimated net worth. It has also introduced a new line of products. However, there is no longer an official company website, and the last posts to the company’s social media pages were in June 2021.
The product is still available on Amazon, but it’s being sold by third-party sellers. As of July 2022, the website is down, and the company’s social media accounts are inactive, indicating that the journey may have ended for Zipit Bedding.
In conclusion, Zipit Bedding has experienced growth and success since appearing on Shark Tank, but its current status is unclear. The product is still available on Amazon, but the company’s website and social media accounts are inactive.
Zipit Bedding FAQs
What Is Zipit Bedding And Its Use?
Zipit Bedding is a sheet and comforter combo that is zipped together to make one seamless bed cover, similar to a sleeping bag. It was created by entrepreneurs Hayley Carr and Jennifer MacDonald, who pitched the product on Shark Tank.
The sheet and comforter are zipped together to make it easier for kids to make their beds without dealing with a bunched-up top sheet.
Zipit Bedding is perfect for hard-to-make bunk beds, college dorm beds, trundle beds, Murphy beds, squishy air mattresses, and more. It is made in the USA and is available on Amazon.
Zipit Bedding also has additional features such as zippered side pockets and the ability to glow in the dark. However, it is important to note that Zipit Bedding is meant for thicker, regular mattresses and may fit loosely on thinner bunk bed mattresses.
What Happened To Zipit Bedding After Shark Tank?
ZipIt Bedding is a combination of a bedsheet and a comforter that can be zipped together, making it a unique and convenient bedding solution.
The product was introduced on Shark Tank in February 2014, where the founders, Hayley Carr and Jennifer MacDonald, sought a $75,000 investment in return for a 20% stake in the company.
Although the Sharks did not believe in marketing, the founders persisted with their strategy and plans.
After the show aired, ZipIt Bedding gained some popularity, and the company managed to get its product into major retailers such as Walmart, Target, and Bed Bath and Beyond.
As of May 2022, ZipIt Bedding is only available in Walmart and Amazon, and the company’s website and social media are down. It is unclear why the website and social media are down, but it appears that the company has ceased operations.
The estimated net worth of ZipIt Bedding in 2023 is currently unknown, as the company is no longer in business.
In summary, ZipIt Bedding gained some popularity after appearing on Shark Tank, and the founders managed to get their product into major retailers such as Walmart, Target, and Bed Bath and Beyond.
However, as of May 2022, the company has ceased operations, and its website and social media are down.
How Much Was Zipit Bedding Asking On Shark Tank?
Zipit Bedding appeared on Shark Tank seeking an investment of $75,000 in return for 20% of the company. The company was valued at $375,000 during the pitch. The twin-sized set cost $55, and the full-sized set cost $65.
The founders of Zipit Bedding, Hayley Carr and Jennifer MacDonald, demonstrated how the comforter is zipped to the fitted sheet. They designed several versions to fit bunk beds and other applications.
Despite the Sharks’ misgivings about their marketing campaign, the founders persisted with their strategy and plans. After the show aired, Zipit Bedding gained some popularity but eventually shut down its official website and ceased operations.
As of July 2022, the website is down, and the company’s social media is inactive. The estimated net worth of ZipIt Bedding in 2023 is currently unknown, as the company is no longer in business.
Did Zipit Bedding get the deal?
Zipit Bedding appeared on Shark Tank Season 5 and asked for $75,000 in exchange for 20% equity, but they walked away without a deal. However, they were able to get their product into Target, Bed Bath and Beyond, Walmart, and Amazon.
As of May 2022, they are only still in Walmart and Amazon. The valuation of Zipit Bedding was $375,000 when it appeared on Shark Tank, and the net worth of Zipit Bedding is $3 million as of 2022.
Zipit Bedding is a combination of a bedsheet and a comforter that can be zipped, making it easier for kids to make their beds.
The bedding solution features a long zipper that connects the top of a comforter to the rest of the bedding, which will keep the kids zipped in under the blanket at night and simplify bed-making in the morning.
Zipit Bedding comes in twin and full sizes, and there are plans for queen, king, and California king sizes in the future. Each 3 piece set comes with a comforter, pillowcase, and fitted sheet.
Zipit Bedding has expanded its product line, but they no longer offer its initial zip-up bedding concept with googly eyes and lifelike faces, including the Monster Pencil Case and the Grillz Backpack, and the Beast Box Pencil Box.
The product is still available on Amazon, but it’s being sold by third-party sellers. The Zipit Bedding website is still working well for online purchases.
Is Zipit Bedding Still In Business?
The status of Zipit Bedding’s business is unclear as there are conflicting reports. The company’s website and social media accounts are down.
However, reports that as of May 2022, Zipit Bedding is still in business and generating an annual revenue of $3 million. The company’s products are available for purchase on Walmart and Amazon’s websites.
Zipit Bedding is a bedding solution that combines a sheet and a comforter into one seamless unit, similar to a sleeping bag. The product is designed to save time and energy by eliminating the hassle of dealing with a bunched-up top sheet when making the bed.
The bedding comes in a variety of colors and designs, with every sleep set being reversible and some even featuring a glow-in-the-dark option. Cleaning is easy as the bedding can be removed with a quick flip of the wrist and placed in the washing machine.
Zipit Bedding was pitched on Shark Tank by entrepreneurs Hayley Carr and Jennifer MacDonald, who were seeking an investment of $75,000 in return for 20% of the company. The product was successfully distributed at Target, Bed Bath & Beyond, and Walmart.
However, the company’s website and social media accounts are currently down, and it is unclear whether the company is still in business.
Who is the founder?
Jennifer MacDonald is the founder of Zipit Bedding Company. She had been working together with her sister Hayley Carr as a partner in the company. The two mothers are well aware that children despise making their beds.
They were seeking for a solution to make the top sheet and comforter one unit because they constantly had the sheets balled up in a lump.
How is Zipit Bedding Website?
The Zipit Bedding website is still working well for online purchases.
Did Zipit have problems with their product?
Zipit had had to modify their product because children tend to unzip the top sheet, revealing the comforter underneath. To help curb this, they added a zipper on the bottom sheet.
How does Zipit Bedding work?
Zipit Bedding works by attaching to the top sheet and zip into the bottom sheet. Both sheets can be used as normal, and they do not have to remove them at all.
When unzipped, the cover becomes one unit. Therefore, you do not have to deal with a bunch of sheets when making their bed.
What are some downsides?
The company has received criticism that the sheets might have been too expensive for some customers. Others were concerned about lack of durability due to cheap material used in manufacture.
Is Zipit Bedding washable?
Yes, both the top sheet and comforter sheet can be washed on a regular basis. The company says that these sheets will last for years and those customers have reported washing their sheets in water as hot as 110 degrees.
Can I put on warm water?
It can be put into warm water, but the company suggests that customers should use cold water first.
How did Zipit Bedding initial success?
When the pair tried to introduce the idea of the product to retail stores, they had difficulty convincing department stores and large chain retailers. They decided to approach family-owned furniture chains such as Rooms to Go and Overstock instead.
What is the net worth of Jennifer MacDonald?
Net worth of Jennifer MacDonald is estimated at $850,000.