Zoobean Shark Tank Net Worth

Zoobean’s net worth is around $5 million as of 2022. The company was valued at $1.7 million during its Shark Tank pitch, and after an investment from Mark Cuban, it was valued at $1 million. Zoobean has raised over $573.1M in funding and serves over 1,900 library systems.

What is Zoobean and Who is the founder of Zoobean?

Zoobean is a company that focuses on promoting literacy and reading education. Their product offerings are divided into four main categories: libraries, schools, consumers, and businesses.

Some of their products include Beanstack for Libraries, a software that helps track data and increases student engagement, Badge Books, reading logs and sticker books for children, and Hourglass, a smart night light that connects to an app and measures home reading time.

The company was co-founded by Felix Brandon and Jordan Lloyd Bookey, who serve as the CEO and Chief Client Success Officer, respectively.

Felix received a bachelor’s degree in Television, Radio, and Film from Syracuse University and a master’s degree in Fiction Writing from Washington University in St. Louis. He worked in various creative and educational roles before co-founding Zoobean in 2013.

The idea for the company arose when Felix and Jordan were reading a bedtime story to their child one night, which featured an interracial family similar to their own. Their child pointed to one of the pictures and said that the family looked just like theirs.

Inspired by this moment, the pair decided to create a company that would provide representation for families who might not see themselves in mainstream media.

The Zoobean team, which includes educators, librarians, and parents, matches books and apps to the needs and interests of each child.

The company generates revenue through its Smart List service, which recommends books and apps for purchase, and its subscription service, which delivers books to subscribers on a monthly basis.

Zoobean Shark Tank pitch

Felix Brandon Lloyd and Jordan Lloyd Bookey, two parents from Washington D.C., presented Zoobean on Shark Tank as a system that curates children’s books and apps based on their interests.

Their goal was to turn Zoobean into a “Pandora for children’s applications and books.” They sought a $250,000 investment in exchange for a 15% stake in their company, which was valued at $1.7 million.

During the pitch, Kevin O’Leary raised concerns about client acquisition costs, and Lori and Barbara Corcoran was not impressed with the service’s distinctiveness.

However, Mark Cuban believed in the potential of Zoobean and offered $250,000 for 30% equity shares. After some negotiation, they settled on $250,000 for 25% equity shares and made a deal with Mark Cuban.

After landing the deal, Zoobean rebranded as Beanstack and shifted its focus from individual families to schools, libraries, and other children’s services organizations.

They introduced the Beanstack curriculum to their first library in 2015 and by 2019, they had reached more than half of all US libraries and had released a mobile app for users. The company also received a $500,000 investment from other investors and the Amazon Alexa Fund in 2019.

Due to the Covid-19 pandemic in 2020, Beanstack launched free reading challenges through their Beanbright platform to help minimize learning loss, and this led to more libraries joining the platform. As of December 2021, the company was still doing well with $5 million in annual sales.

Net Worth of Zoobean

The valuation of the company was $1.7 million during the pitch, after the investment done by Mark Cuban the company was valued at $1 million, and after negotiation, the company was valued at $1.6 million.

Since then the company has been doing well with yearly sales of $5 million as of December 2021. This justifies that the company’s net worth had increased.

Zoobean Shark Tank Updates

Zoobean is a children’s book subscription service that was pitched on Shark Tank in season 5, episode 29. The founders, Felix Lloyd, and Jordan Lloyd Bookey asked for $250,000 in exchange for 15% equity.

Mark Cuban offered $250,000 for 25% equity, which was later negotiated down to 25%. Zoobean is still in business and has adapted its technology to accommodate the changing market. The company’s new technology is called Beanstack.

In 2022, Zoobean hit $2.4 million in revenue and its net worth is around $5 million. Zoobean has raised over $573.1 million in funding and serves over 1,900 library systems.

After appearing on Shark Tank, Zoobean transformed its business model from a consumer subscription service to an enterprise reading program platform.

Zoobean now serves over 1,900 library systems, 1,200 schools, and three million readers. The company’s core business model is now primarily enterprise-focused.

Zoobean makes money through its SmartList service, which finds books and apps for customers to get themselves, and its subscription service. Zoobean matches books and apps to the needs and interests of each individual child.

Summary Table: Zoobean Shark Tank Net Worth

TOPIC	INFORMATION
Net Worth	$5 million (2022)
Valuation (During Shark Tank Pitch)	$1.7 million
Valuation (After Mark Cuban’s Investment)	$1 million
Funding Raised	Over $573.1 million
Products and Services	Beanstack for Libraries, Badge Books, Hourglass
Founders	Felix Brandon (CEO) and Jordan Lloyd Bookey (Chief Client Success Officer)
Revenue Streams	Smart List service, subscription service
Shark Tank Pitch	$250,000 for 15% equity
Mark Cuban’s Offer	$250,000 for 25% equity
Transformation	Rebranded as Beanstack, shifted focus to schools and libraries
Reach	Over 1,900 library systems, 1,200 schools, and three million readers
Business Model	Enterprise-focused, matching books and apps to individual children’s needs and interests
Zoobean FAQs	Zoobean is an educational company that promotes literacy and reading education, founded in 2013 by Felix Brandon and Jordan Lloyd Bookey.

Zoobean FAQs

What Is Zoobean, Founder, And How Does It Work?

Zoobean is an educational company that promotes literacy and reading education. It was founded in 2013 by Felix Brandon and Jordan Lloyd Bookey.

Felix Brandon received a bachelor’s degree in Television, Radio, and Film from Syracuse University and a master’s degree in Fiction Writing from Washington University in St. Louis. Jordan Lloyd Bookey was Google’s first head of K-12 outreach.

Zoobean began as a tool to help parents and kids discover books that reflected their own unique narratives, such as having an interracial family like the founders. Over the years, it evolved into software for libraries and schools to facilitate and run reading challenges throughout the year.

Zoobean’s product offerings are divided into four main categories: libraries, schools, consumers, and businesses.

The company’s software platform called Beanstack helps educators and librarians run reading challenges and learn about participants’ progress from data-driven insights.

Zoobean’s mobile app and other products help people achieve reading goals by tracking reading and participating in reading challenges.

The company is constantly innovating and has a small, scrappy, and passionate team of creators that values everyone’s input, creativity and drive.

Zoobean is now exploring ways to integrate Alexa into Beanstack so readers can ask Alexa to track their progress or send them reminders about reading time.

How Much Was Zoobean Asking On Shark Tank?

On Shark Tank, Zoobean asked for $250,000 in exchange for 15% equity in their children’s book subscription service. During the pitch, Kevin O’Leary asked about the cost of customer acquisition, to which Jordan Lloyd Bookey responded that it cost about $6.03.

After some negotiation, Mark Cuban offered $250,000 in exchange for 30% equity, but Felix Lloyd was able to bring him down to 25% equity, and the deal was made.

It is important to note that the information provided in the search results is inconsistent. One source states that Zoobean asked for 15% equity, while another source states that they asked for 30% equity.

Additionally, one source states that the deal was made for 25% equity, while another source states that the deal was made for 30% equity. However, both sources agree that Zoobean received $250,000 in funding from Mark Cuban.

Did Zoobean Have The Deal?

Yes, Zoobean got a deal on Shark Tank from Mark Cuban. Mark Cuban offered $250,000 for a 25% stake in the company.

After the investment, the company was valued at $1 million. Zoobean’s founders, Felix Brandon, and Jordan Lloyd Bookey sought a $250,000 investment in exchange for a 15% stake in their company, which was valued at $1.7 million.

During the pitch, Kevin O’Leary raised concerns about client acquisition costs, and Lori and Barbara Corcoran was not impressed with the service’s distinctiveness. However, Mark Cuban was interested and offered a deal.

Zoobean delayed until a year after obtaining the deal to reveal it, keeping it a secret for nearly a year until the episode premiered. During this time, they developed their web presence and extended their product offerings.

They were able to incorporate further personalization features as well as Smart List, a web-based suggestion engine. As a result, the platform attracted additional libraries. As of December 2021, Zoobean is still in business and doing well, with yearly revenues of $5 million.

How Much Was The Zoobean Deal?

Zoobean appeared on Shark Tank seeking a $250,000 investment in exchange for a 15% stake in their company, which was valued at $1.7 million.

Mark Cuban offered the couple $250,000 in exchange for 25% of the business. After the show, the stake in exchange was increased to 16% for Mark Cuban. The valuation during the show was $1.66 million, which was brought down to $1,000,000 by Cuban.

Zoobean’s net worth is around $5 million as of 2022. The company has raised over $573.1M in funding and serves over 1,900 library systems. Since the show, Zoobean has been doing well with yearly sales of $5 million as of December 2021.

Is Zoobean Still In Business?

Yes, Zoobean is still in business. The company has adapted to the changing market and has been successful, with a net worth of around $5 million as of 2022. Zoobean’s flagship product, Beanstack, is licensed by over 10,000 public libraries, school districts, and corporations around the world.

What Is The Current Valuation Of Zoobean?

Zoobean is a mobile application for reading children’s books and other materials that assists public libraries and schools in engaging families and building children’s literacy.

Zoobean appeared on Shark Tank in April 2014, seeking a $250,000 investment in exchange for a 15% stake in their company, which was valued at $1.7 million. After an investment from Mark Cuban, the company was valued at $1 million.

However, after negotiation, the company was valued at $1.6 million. As of 2022-2023, Zoobean’s net worth is around $5 million.

Since appearing on Shark Tank, Zoobean has experienced tremendous growth and success. They have secured additional funding and partnerships, raising over $573.1M in funding and serving over 1,900 library systems.

Zoobean’s founders, Felix Brand Lloyd, and Jordan Lloyd Bookey have a net worth of $21 million as of 2023.

Zoobean has also pivoted its focus from sending books to consumers to a personalized book recommendation system, which put more focus on the technology and app experience than on shipping books. Zoobean is now home to millions of readers and continues to thrive.

What Are the Competitors Of Zoobean?

Zoobean is a company that focuses on promoting literacy and reading education. Its product offerings are divided into four main categories: libraries, schools, consumers, and businesses.

Zoobean’s primary competitors include Apptegy, Biblionasium, myON, QDOOZ, Rah Rah, StudySmarter, and Triz Innovation.

Apptegy is a company that provides a communication platform for K-12 schools. Biblionasium is a social network for young readers. myON is a personalized literacy program for students. QDOOZ is a platform that provides online courses for soft skills development.

Rah Rah is a company that provides a fundraising platform for schools and teams. StudySmarter is a platform that provides study materials and tools for students. Triz Innovation is a company that provides educational technology solutions.

Who is the company across from Zoobean?

Apptegy is a company that specializes in reading-related services.

What is the business model of Zoobean?

The business model of Zoobean is advertising and subscription-based.

When did Zoobean pitch their business idea on Shark Tank?

Zoobean pitched their business to the Sharks on season 5, episode 29.

How Zoobean does make money?

Zoobean provides libraries and schools with access to content and programming while providing students with a more engaging library experience.

They also provide a personalization platform that enables booksellers to provide recommendations based on a customer’s previous behavior.

Do I need to download the app?

No, one does not need to download the app. One can use the Zoobean website to get the same experience.

How is Smart List different from other similar services?

Smart List is a web-based service that allows users to make customized book recommendations. This differs from other similar services in that the technology is accessible for students outside of school without requiring them to download an app or software.

What is the net worth of Felix Brand?

Felix Brand’s net worth is unknown.

What is the net worth of Jordan Brookey?

Jordan Brooke’s net worth is estimated to be $1.5 million.

Zoobean Shark Tank Net Worth 2023