Yuki Kinoshita and Noah Silverman came onto
Shark Tank Plufl Update
- Entrepreneurs: Yuki Kinoshita and Noah Silverman
- Business: Human Portable Beds
- Ask: $200,000 for 10% equity
- Result: $200,000 for 15% equity
- Sharks: Mark Cuban and Lori Greiner
Noah and Yuki told the sharks that they are accepting preorders for Plufl at a price point of $399 and that it costs about $150 to manufacture a single bed. The company had generated $280,000 on Kickstarter and an additional $130,000 in gross revenue sales since ending the Kickstarter campaign.
Improve your sleep and settle into Plufl’s sleep inducing, orthopedic gel-infused memory foam pod and surround yourself with 360 degrees of supportive plush pillow bolsters for incomparable comfort.
Kevin O’Leary wanted to make an offer, but he needed more equity. He told the two entrepreneurs that he wanted 30% equity in Plufl or else he wouldn’t want to make a deal. Robert Herjavec disagreed and wasn’t interested at all, so he dropped out without making an offer.
Mark Cuban and Lori Greiner wanted to team up and make an offer, as this deal reminded them of another they’d done together, Hug Sleep. They made an offer of $200,000 for 20% equity. Yuki and Noah ultimately decided to accept their offer.
Kevin’s offer was ignored because it was seeking too much equity, but Mark and Lori seemed to offer a reasonable amount of equity without asking for an amount that would deter the entrepreneurs from agreeing.
Let’s fast forward a little bit and get a Plufl update.
After agreeing to the preliminary deal with Mark and Lori, Plufl experienced a short-term major boost in popularity after the episode aired. Due to the
If you’d like to learn more, be sure to visit the official Plufl website. We can’t wait for our next Plufl update!
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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!