Automotive accessories can be hard to store after use, taking up precious cargo. That’s why Ken Hoeve, Monique Keefer, and Ryan Guay have created the world’s 1st rigid inflatable automotive accessories for the tops of vehicles. Will their company earn a deal on
Shark Tank Flated Update
- Entrepreneurs: Ken Hoeve, Monique Keefer, and Ryan Guay
- Business: Inflatable automotive accessories
- Ask: $350,000 for 5% equity
- Result: $350,000 for 8% royalty until paid back, then 5% in perpetuity
- Sharks: Daymond John
Ken, Monique, and Ryan brought their impressive line of inflatable automotive accessories to
As truck lovers, we know the value of having a proper topper for life’s activities. The Air-Topper eliminates commitment and lets you think outside the box.
One of their products, the Air Topper, costs $1,800 for consumers and costs around $740 to manufacture. Flated is currently at $277,000 in sales and is projected to do $600,000 in gross revenue during the current calendar year.
While sales were impressive and the product was great, some of the sharks were still a bit skeptical about whether the valuation made sense.
Lori Greiner thought the valuation was way too high and lacked confidence in making an investment, so she decided to drop out. Kevin O’Leary also dropped out due to the valuation.
Mark Cuban and Robert Herjavec dropped out before Daymond John jumped in. He offered $350,000 in exchange for an 8% royalty on every unit sold. Once his investment was paid back, the royalty would drop to 5%.
After giving it some thought, the trio decided to accept Daymond’s offer and left
We have good news to share in our Flated update. The company is still going strong since
We’ve reached out for a more detailed Flated update and will let you know when we hear back. Products are available on the Flated website and on Amazon.
Do you want to learn about the other companies featured on Season 14 Episode 16? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 14 Products Page!
Jeremy is a regular contributor at Shark Tank recap. He has a ton of passion for the show and enjoys researching information about what all the companies are up to now. His favorite Shark Tank companies are The Cookie Dough Cafe and Kronos Golf!