When Lisa Barnoff was walking her dog outside in the winter, it got sick from ingesting snow-melt chemicals. That’s when her vet suggested she get her dog boots to wear outside, but they always fell off! So, she took it upon herself to create a better product. Will she walk away with a deal on
If you’re short on time, here’s a quick overview of what happened to Walkee Paws after
Walkee Paws appeared on
Shark Tank Walkee Paws Update
- Entrepreneur: Lisa Barnoff
- Business: Leggings for dogs
- Ask: $150,000 for 5% equity
- Result: No Deal
- Shark: None
Lisa Barnoff is the founder of Walkee Paws, the first leggings for dogs. She pitched her company to the sharks during
All 4 leggings connect over the back, so a bootie will never go missing. And if one leg slips out, it’s super simple to slide it back in. NEW detachable collar connector connects to your dog’s collar or harness for a stay-on fit.
- Protects Paws
- Sizing Can Be Difficult
- Difficult To Keep On Some Dogs
The Walkee Paws leggings go over the dog’s feet and then tie onto their back, to ensure they can’t pull them off, and that their paws stay protected the whole time. The leggings also protect against hot pavement, rain, snow, allergens, dirt and mud.
Further, Lisa shared with the sharks that she is getting ready to launch a second product, which is basically socks for dogs, with a rubber bottom to help them get traction on a slick floor.
In her first two months of business in 2018, Lisa sold $64,000 worth of Walkee Paws. In 2019, she increased her sales to $524,000 and in 2020 she is expecting to do $1 million in sales.
Further, on the $1 million, she will profit $250,000.
Daymond John spoke up regarding concerns over the valuation, so he dropped out.
However, Kevin O’Leary was interested, and he made two different offers. The first was one of his famous royalty deals of $150,000 for 5% equity and a $2.70 royalty until the $150,000 is repaid and then it drops to $0.50 in perpetuity. The second offer was for straight equity and was $150,000 for 20%.
At this point, Mark Cuban interrupted and shared that the product wasn’t for him, so he dropped out.
Barbara Corcoran didn’t feel like Lisa needed a partner, so she dropped out next.
Lori Greiner didn’t think that Lisa was the right partner for her, so she was also out.
With only Kevin remaining in the negotiations, Lisa countered him back at 10% equity, sharing that she wasn’t interested in a royalty deal.
However, Kevin wasn’t willing to change his offer, so Lisa and Walkee Paws left
What happened following the pitch? Keep reading our Walkee Paws update to find out!
Our Walkee Paws update research found that Lisa’s company is still in business and has sold more than $2 million. Lisa has also successfully launched a new line of indoor leggings to help dogs get traction on the floor.
Additionally, it looks like the product is available in a few retail stores in Canada.
Walkee Paws has also expanded its product line to include several pup accessories, and they even have a brand ambassadors program.
All this success shouldn’t come as a surprise, they have over one thousand positive reviews on their website, and several good reviews on Amazon also!
If you have a dog, be sure to check out the Walkee Paws website, but you can also grab some of their products on Amazon.
When we get a more detailed Walkee Paws update, we will be sure to let you know! In the meantime, be sure to check out updates on the other companies featured in Episode 15:
For more Season 12 products, be sure to check out our Season 12 Products page.
Shop the Shark Tank Recap Store
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!