Pacifiers are a great helper for parents of babies but babies will often drop them out of sight or reach. That’s why Julie Thompson has created a stuffed toy that has a fully system for pacifiers. Will her product earn her a deal on
Shark Tank Pully Palz Update
- Entrepreneurs: Julie Thompson
- Business: Pacifiers holder for babies
- Ask: $100,000 for 20% equity
- Result: $100,000 for 28% equity
- Sharks: Lori Greiner
Julie brought an adorable display of her Pully Palz to the tank. She explained how babies too often will drop their pacifiers and are unable to reach them and put them back into their mouths. When parents need an extra hand, her product is the perfect thing! She says her Pully Palz are in high demand and she needs help from a shark to manage her company.
In the twelve months prior to filming, Julie had $97,000 in gross sales. Most of her sales came from 350 specialty retail stores and Amazon. Each unit was sold between $19.99 and $24.99 and cost her $4.50 to manufacture. She shared that a personal investment of $175,000 had gone toward safety testing and inventory.
Kevin O’Leary believed that the $20.00 price point was way too high for a pacifier. Julie tried to contest the fact that her product was not exclusively a pacifier, but also an interactive toy that helps baby’s develop their skills in the first two years of their life. She also had developed a line of additional accessories from teethers to toys that snapped into her product along with pacifiers.
Robert Herjavec believed that there was a better and cheaper alternative to Julie’s product, so he dropped out first. Mark Cuban felt similarly to Robert, and he dropped out next. Kevin was the third shark to drop out, stating he didn’t like the high price. Daymond wasn’t interested, so he also went out, but Lori decided to make an offer of $100,000 in exchange for 30% equity.
After a moment to think, Julie countered Lori at 25% equity and Lori countered her back with 28%. Julie accepted Lori’s deal! What happened next for her company? Keep reading our Pully Palz update to find out!
Unfortunately, we have bad news to share in our Pully Palz update. While the company received a deal on
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Andrew Smith is the founder and owner of Shark Tank Recap. He is a longtime Shark Tank fan that has been watching it for years and has seen every episode multiple times. His friends know him as the Shark Tank expert, because he can answer any question about the show! His favorite Shark Tank products are Bertello's pizza oven and Bug Bite Thing!