Zipit Bedding Update | Shark Tank Season 5
It can be difficult for little kids to make their beds. That’s why Hayley Carr and Jennifer McDonald created a one-piece bed set that zips open and closed. Will they earn a deal on
Shark Tank Zipit Bedding Update
- Entrepreneurs: Hayley Carr and Jennifer McDonald
- Business: Bedding for kids that zips
- Ask: $75,000 in exchange for 20% equity
- Result: No deal
- Sharks: None
Hayley and Jennifer brought their Zipit Bedding products to the tank. Their bedding solution features a long zipper that connects the top of a comforter to the rest of the bedding, which, according to the sisters, will keep the kids zipped in under the blanket at night and simplify bed-making in the morning.
Polyester and fleece. Super soft fleece. Care: Machine wash. Multicolor. Material: Polyester. Set includes: Zippered comforter and, matching zippered pillow case.
The company had sold about 1,000 of their bedding sets online using social media as a marketing strategy. The product cost them $20-$24 to make, and retailed for about $60-$70 depending on the size. They made $7,500 in gross sales, but their expenses not only ate up their net, they took a loss too. They came to the sharks seeking an investment to help fund a pricey TV ad campaign.
Hayley told the sharks that a distributor made a great offer to license a minimum of 50,000 units and pay for their marketing, but they didn’t go through with it. Kevin O’Leary was the first shark out, saying that it was clear that the women didn’t want a licensing deal, which he felt was their best option. Barbara Corcoran, Mark Cuban and Robert Herjavec went out next for the same reason.
Lori Greiner felt that they needed to get their manufacturing costs as low as possible, and their dreams of expensive television advertising needed to be put to bed. All sharks were out, and the company left without a deal. What happened next for the company? Keep reading our Zipit Bedding update to find out!
We have mixed news to report for our Zipit Bedding update. There is no longer an official company website, and the last posts to the company’s social media pages were in June 2021. The product is still available on Amazon, but it’s being sold by third-party sellers. We think it is safe to say that the company is no longer operational.
Would you like to learn about the other companies featured on Season 5 Episode 18? Follow the links below for our other company updates from the episode.
For even more on companies and products, be sure to stop by our Season 5 Products Page!
