Meghan Wolfgram loves doing agility competitions for her dogs. As a result, she created SwiftPaws, lure coursing chasing equipment that can help train dogs in the sport. Will the sharks be able to get invested in this million-dollar industry during the
Shark Tank SwiftPaws Update
- Entrepreneur: Meghan Wolfgram
- Business: Professional and home lure coursing equipment for dogs
- Ask: $240,000 for 6% equity
- Result: $240,000 for 6% equity
- Shark: Lori Greiner
Meghan was a proud dog mom when she learned about the sport of lure coursing, or lure chasing. She turned this information into a million-dollar business with SwiftPaws, her home lure coursing equipment. It was the perfect way to escalate her professional lure coursing business.
At the time of her pitch, Meghan revealed that SwiftPaws had $1.5 million in lifetime sales. Despite this, the company had very small profit margins. The sharks were concerned.
Kevin O’Leary dropped out of the deal first. For him, the product was too expensive (over $400 for the kit), and the profit margins were too small. Daymond John, likewise, didn’t think he could help as much. He dropped out, too.
Mark Cuban loved the idea but didn’t know if he was the right person to help. He went out as a result.
This left Robert Herjavec, who had previously expressed concerns about the money situation, and Lori Greiner.
Lori shocked everyone in the room by pulling out her Golden Ticket. This Golden Ticket was proof to everyone that she believed in Meghan and wanted to offer her exactly what she asked. Meghan immediately accepted, walking away with her dream
SwiftPaws is still thriving! Research for our SwiftPaws update wasn’t able to find new numbers, but the company started offering new products on its website after filming wrapped up. These include new flirt poles and critters to attach to them. You can also find multiple bundles that include everything you need to start training and having fun.
As the deal with Lori materializes, we are confident that SwiftPaws will find success.
To check out the other company updates from Season 13 Episode 19, find them here:
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