Adrian Zhang and Justine Tiu came onto
Shark Tank The Woobles Update
- Entrepreneurs: Adrian Zhang and Justine Tiu
- Business: Crochet kits for kids
- Ask: $250,000 for 5% equity
- Result: $450,000 for 6% equity
- Sharks: Lori Greiner and Mark Cuban
After explaining the business side of the Woobles to the sharks, Justine and Adrian explained exactly what types of things were included in their kits. In addition to a variety of accessories like crochet hooks, stuffing, and yarn needles, the kits also include step-by-step instructional videos that can help beginners get more comfortable.
Pierre the Penguin is the perfect crochet kit for complete beginners; Our step-by-step video tutorial accompanies Pierre and is easy to follow; A pre-started crochet piece comes included along with other beginner-friendly supplies
There are kits for beginners, novices, and intermediate users. The price for manufacturing each of these kits slightly varies. Even more impressive to the sharks is the fact that the business was launched with a couple of hundred dollars and has rapidly grown to more than five million in net worth.
All of the sharks were interested, and after a lot of back and forth they ultimately received an offer of $450,000 dollars in exchange for 6% equity from both Lori Greiner and Mark Cuban and the two entrepreneurs decided to accept their offer.
Securing a deal on
Justine and Adrian are continuing to look for new ways to expand their business, and an independent book has also been written and published by Justine in recent days.
Further, in our the Woobles update research we found that the crochet kits and guides are continuing to expand to new locations, including online and retail stores around the United States. Demand for the beginner kit has been so popular, that orders are delayed until late 2022. The official Amazon page says, “Due to overwhelming demand from
As you can see, the company hasn’t shown any sign of slowing down and should receive a marketing boost from their appearance on
For updates from
Be sure to check out our Season 14 products page too!
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!