Entrepreneur Kyle Rainey pitched his accessory company during
If you’re short on time, here’s a quick overview of what happened to Tail Lightz after
Kyle Rainey appeared on
|Daymond John||No offer|
|Kevin O’Leary||No offer|
|Robert Herjavec||No offer|
|Barbara Corcoran||No offer|
|Mark Cuban||No offer|
Shark Tank Tail Lightz Update
- Entrepreneur: Kyle Rainey
- Business: Blinking accessory for jeans
- Ask: $50,000 for 50% equity
- Result: No deal
- Shark: None
Founder of Tail Lightz, Kyle Rainey, walked into the tank and treated the sharks to a song and dance introducing his product, accompanied by his assistants, his daughter and niece. Tail Lightz are basically patches or stickers, that adhere to back jeans pockets, and they also light up.
However, Kyle says that the Tail Lightz can also be attached to any pair of shorts, pants, hats, or even backpacks or bags. The possibilities are really endless.
They come in all different styles, and Kyle can design the patches to meet the interests of any age group. Some of the examples showed smiley faces, sports balls, but also phrases too.
That said, his designs are currently in the design stage, or rather, working prototypes. Unfortunately, this means that he hasn’t launched the product to the public yet, and is pre-sales.
Kyle and his assistants proceeded to pass out samples, but none of the sharks seems all that interested. In fact, Barbara Corcoran was ready to jump right into how she felt about the products.
Unfortunately for Kyle, she went out immediately after seeing the samples. She further added that she thought the designs were dated, would be uncomfortable to sit on, and potentially impractical when doing the laundry.
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Before going out, she added that besides those things, she loves the idea.
Mark Cuban implies that the products aren’t what his target audience wants. Robert Herjavec failed to be impressed, and basically said there were other products like it.
Kevin O’Leary agreed that there was nothing proprietary about the product. Additionally, he couldn’t see how it would succeed in the long-term, so he was also out.
Robert agreed with Barbara about the dated design, and went out next.
Next, Daymond John said that he’d seen several similar products in the past year. He joined the other sharks and went out, leaving only Mark Cuban as Kyle’s last chance to make a deal.
Mark told Kyle to not quit, and especially not to stop trying to find success. He added that they have all tried and failed at one time or another.
Nevertheless, Mark ultimately went out. In the end, Kyle thanked the sharks for their time and for their advice. Although, without any offers from the sharks, he sadly had to leave
After the pitch, Kyle stated that he felt humiliated, but that taking the risk was worth it. Besides which, he would never give up on trying.
What do you think happened following the show? Keep reading our Tail Lightz update to see what came next.
Our Tail Lightz update reveals that Kyle tried to rebrand the light-up patches, and also attempted various ways to make them successful. He also tried to get them to market under the new name Blinkerz, but unfortunately could not succeed.
Despite his efforts, the business ultimately closed in 2015, and Kyle had to pursue other career venues. This will be our final Tail Lightz company update.
Would you like to get more details on the other companies featured in Season 3 Episode 3? Follow the links below to get all the information.
For even more on companies and products, be sure to stop by our Season 3 Products Page, before you go!
Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!