Animated Lure Shark Tank Recap – Episode, Deals and Reviews

In a recent episode of Shark Tank Season 12, entrepreneurs Sobhan Sanaee and Kanz Kayfan introduced their innovative fishing bait, Animated Lure. This motion-activated fishing lure mimics the realistic movements and patterns of real fish, revolutionizing the fishing experience for enthusiasts.

The Animated Lure quickly caught the attention of the sharks with its impressive design and profit margins. Kevin O’Leary saw the potential and made an offer of $325,000 for 10% equity in the company, along with a $3 royalty until $1 million is paid back.

Since their appearance on Shark Tank, Animated Lure has achieved remarkable success. The company is now valued at over $3 million and has expanded its product line, offering fishing lures that imitate the movements of various fish species.

Animated Lure Shark Tank

Key Takeaways:

  • Animated Lure is a robotic fishing lure that accurately mimics the movements of real fish.
  • The company secured a deal with Kevin O’Leary, receiving $325,000 for 10% equity and a $3 royalty.
  • Most of the sharks dropped out, leaving Kevin O’Leary as the sole investor in Animated Lure.
  • Since appearing on Shark Tank, Animated Lure has reached a valuation of over $3 million and expanded its product line.
  • The lure is made of durable materials and comes with a USB charging cable and an extra propeller, priced between $29.95 and $79.95.

The Animated Lure on Shark Tank

Animated Lure, a rechargeable robotic fishing lure, made its impressive appearance on Shark Tank Season 12. This innovative fishing lure accurately mimics the movements and patterns of real fish, providing an irresistible attraction for both amateur and professional fishermen. The motion-activated technology creates a lifelike swimming motion, fooling fish into believing they are in the presence of real prey.

The entrepreneurs behind Animated Lure captivated the attention of the sharks with their groundbreaking product. The lure offers a realistic fishing experience, increasing the chances of a successful catch. Its design, combined with the advanced technology, makes it a game-changer in the fishing industry.

During their presentation, the entrepreneurs revealed the impressive profit margins for each unit. Animated Lure retails for $29.95 to $79.95, while the production costs range from $8 to $16 per lure. This significant margin sparked the interest of the sharks, who recognized the lure’s potential for high profitability.

Despite the promising numbers, most of the sharks ultimately decided not to invest in Animated Lure, leaving Kevin O’Leary as the sole investor. O’Leary saw the value in the robotic fishing lure and made a deal with the entrepreneurs, providing $325,000 in exchange for a 10% equity stake in the company. Additionally, he negotiated a $3 royalty until the investment is fully repaid, showcasing his confidence in the lure’s future success.

The Animated Lure’s appearance on Shark Tank catapulted it into the spotlight of the fishing industry. Anglers from all over have recognized its potential and are eager to experience the lifelike movements and enticing action it provides. With its realistic design and motion-activated capabilities, the Animated Lure is quickly becoming a must-have tool for every fishing enthusiast.

Key Features Pricing
Accurately mimics fish movements $29.95 – $79.95
Rechargeable and durable design
Motion-activated technology
Realistic swimming action
Wide range of lure styles available

Deals on Shark Tank

One of the most exciting moments on Shark Tank is when the entrepreneurs secure their deals with the sharks. In the case of Animated Lure, Kevin O’Leary saw the potential in the product and made an offer that the entrepreneurs couldn’t refuse. He offered $325,000 for 10% equity in the company, along with a $3 royalty until $1 million is paid back. Despite initial attempts to negotiate, Kevin stood firm on his offer, ultimately sealing the deal. This investment provided the necessary capital for Animated Lure to continue growing and expanding their business.

shark tank deals

Kevin O’Leary’s Deal

“I see a great opportunity here. I’m willing to offer $325,000 for 10% equity in the company. In addition, I’d like a $3 royalty until $1 million is paid back.”

Kevin O’Leary’s deal with Animated Lure not only provided financial support but also brought his expertise and connections to the table. With his involvement, the company has been able to reach new heights and achieve a valuation of over $3 million.

Table: Animated Lure – Kevin O’Leary’s Deal

Investor Deal Offered Equity Royalty
Kevin O’Leary $325,000 10% $3 until $1 million is paid back

Shark Reactions and Offers

Despite the impressive design and profit margins of the Animated Lure, the sharks on Shark Tank had mixed reactions and offers. Mark Cuban was the first to drop out, citing his lack of interest in fishing. Lori Greiner and Robert Herjavec both expressed concerns about the company’s progress and decided not to invest. Daymond John, on the other hand, raised concerns about the return on investment and also decided not to make an offer.

While the other sharks were hesitant, Kevin O’Leary saw the potential in the Animated Lure. He made an offer of $325,000 for 10% equity in the company, along with a $3 royalty until $1 million is paid back. This offer solidified Kevin as the sole investor in the Animated Lure.

“The Animated Lure is a unique innovation with a promising market potential. I believe in its ability to attract fishing enthusiasts and generate significant profits.” – Kevin O’Leary

shark tank reactions

To summarize, despite facing initial rejections from the other sharks due to various concerns, Kevin O’Leary recognized the value of the Animated Lure and made a compelling offer. His confidence and belief in the product have contributed to the continued success of the Animated Lure.

Shark Reaction Offer
Mark Cuban Not interested in fishing No offer
Lori Greiner Concerns about progress No offer
Daymond John Concerns about ROI No offer
Robert Herjavec Concerns about progress No offer
Kevin O’Leary Recognized potential $325,000 for 10% equity and $3 royalty until $1 million is paid back

Post-Shark Tank Success

Despite the deal with Kevin O’Leary not working out, Animated Lure has experienced remarkable post-Shark Tank success. The company has seen a significant increase in its net worth, which is now estimated to be just over $3 million. This substantial growth is a testament to the appeal and market demand for their innovative robotic fishing lure.

Since their appearance on Shark Tank, Animated Lure has expanded its product line to cater to a wider range of fishing enthusiasts. They now offer different collections of fishing lures that mimic the movements of various fish species, providing an enhanced fishing experience for customers. These lures can be purchased on the Animated Lure official website and through popular online retailers like Amazon.

post-shark tank success

With the ongoing success of their products and the expansion of their product line, Animated Lure has firmly established itself as a reputable brand in the fishing industry. Their ability to adapt and grow after their Shark Tank appearance speaks volumes about their entrepreneurial spirit and commitment to continuous improvement.

Key Highlights: Net Worth: Product Line Expansion:
Animated Lure’s net worth has reached over $3 million Expanded product line with new collections of fishing lures
Mimics the movements of various fish species
Enhanced fishing experience for customers

The success of Animated Lure serves as an inspiration for aspiring entrepreneurs, demonstrating the possibilities that can arise from a well-received Shark Tank pitch. It is a true testament to the power of innovative ideas and dedicated persistence in the pursuit of business success.

Product Details and Pricing

Product Specifications

The Animated Lure is a high-quality fishing lure designed with durability and longevity in mind. It is made of ABS material, known for its strength and resistance to impact. The lure also features anti-corrosion stainless steel components, ensuring it can withstand the elements and prolonged use.

This robotic fishing lure is designed with a 3-section body held together by metal hinges, allowing for realistic swimming movements in the water. It has a maximum swimming depth of 28 meters, making it suitable for various fishing environments.

Pricing

The Animated Lure offers a range of options to suit different fishing needs. The pricing for these innovative lures varies depending on the size and type of lure selected. Here is an overview of the price range:

  • Small Lure: $29.95
  • Medium Lure: $49.95
  • Large Lure: $79.95

Each lure purchase includes a USB charging cable and an extra propeller, ensuring you have everything you need for an optimal fishing experience.

fishing lure

With its durable construction and realistic swimming movements, the Animated Lure is a must-have for any fishing enthusiast. Its pricing options cater to different budgets, making it accessible to a wide range of customers.

Shark Tank Episode Recap

This article provides a recap of Season 12 Episode 3 of Shark Tank, featuring pitches from Hug Sleep, Animated Lure, The Cereal Killerz Kitchen, and Chirp. Let’s dive into the highlights of this exciting episode!

Hug Sleep

Entrepreneurs from Hug Sleep presented their innovative adult swaddle-like blanket designed to promote better sleep. Seeking a $150,000 investment for 10% equity, they received a deal from both Mark Cuban and Lori Greiner. Mark and Lori offered $300,000 for 20% equity, recognizing the potential of the Hug Sleep blanket in the market.

The Cereal Killerz Kitchen

The entrepreneurs behind The Cereal Killerz Kitchen pitched their retail-focused cereal bar to the sharks. Despite their enthusiastic introduction and seeking a $125,000 investment for 10% equity, they did not secure a deal. The company faced challenges due to the impact of COVID-19 and was advised by the sharks to seek help from a legal and financial advisor.

Chirp

Chirp, a company specializing in back pain relief, presented their innovative wheel roller. Seeking a significant investment of $900,000 for 2% equity, Chirp impressed the sharks with their remarkable sales numbers. Tate Stock, the founder of Chirp, shared that the company reached $12 million in sales in 2020 and projected $40 million by the end of the year. Ultimately, Chirp made a deal with Lori Greiner, securing a $900,000 investment for 2.5% equity, with the condition of repayment within 18 months.

Season 12 Episode 3 of Shark Tank showcased a range of innovative products and entrepreneurial pitches. While Hug Sleep found success with a double-deal from Mark Cuban and Lori Greiner, The Cereal Killerz Kitchen faced challenges, and Chirp secured an investment from Lori Greiner. Stay tuned for more updates on these exciting ventures!

Hug Sleep Pitch and Deal

Hug Sleep, a company specializing in adult swaddle-like blankets designed to promote better sleep, made a compelling pitch on Shark Tank. Seeking a $150,000 investment for 10% equity, Hug Sleep caught the attention of both Mark Cuban and Lori Greiner.

“Hug Sleep blankets provide the comfort and security of a swaddle, but for adults. We believe that a good night’s sleep is essential for overall well-being, and our blankets offer the perfect solution for those struggling with insomnia, anxiety, or stress.”

Impressed by the innovative concept and potential market demand, Mark Cuban and Lori Greiner made a joint offer, proposing a $300,000 investment for 20% equity in the company. This deal not only surpassed Hug Sleep’s initial expectations but also reflected the confidence the investors had in the product.

Since their appearance on Shark Tank, Hug Sleep has experienced significant success. With sales reaching $490,000 over the past 16 months, the company has demonstrated strong demand for their adult swaddle-like blankets. Building on this momentum, Hug Sleep has ambitious plans to expand their product line, offering a variety of sizes, fabrics, and styles to cater to different customer preferences.

Key Statistics:

Investment Offered Equity Offered Total Sales (Past 16 Months)
$300,000 20% $490,000

Hug Sleep blanket

With the backing of Mark Cuban and Lori Greiner, Hug Sleep is well-positioned to capitalize on the growing demand for sleep-enhancing products. Their adult swaddle-like blankets offer a unique and effective solution for improving sleep quality and combatting common sleep-related issues.

Visit the Hug Sleep website to explore their product offerings and experience the benefits of the Hug Sleep blanket firsthand.

The Cereal Killerz Kitchen Pitch

In their pitch on Shark Tank, The Cereal Killerz Kitchen presented their innovative concept of a retail-focused cereal bar. They aimed to create a unique dining experience for cereal enthusiasts by offering a wide variety of cereals and toppings, allowing customers to create personalized cereal creations.

Unfortunately, The Cereal Killerz Kitchen did not receive a deal from any of the sharks. The panel of investors did not see the potential in the business due to several factors, including the company’s financial challenges and the impact of COVID-19. The entrepreneurs were losing $8,000 per month and faced significant obstacles in the current market conditions.

The sharks advised The Cereal Killerz Kitchen to seek help from a legal and financial advisor to overcome these challenges and improve their business model. While they did not secure an investment, the pitch showcased the entrepreneurs’ creativity and passion for their retail-focused cereal bar concept.

Key Points:

  • The Cereal Killerz Kitchen pitched a retail-focused cereal bar.
  • They sought a $125,000 investment for 10% equity.
  • The sharks did not see potential in the business.
  • The company was losing $8,000 per month and faced challenges due to COVID-19.
  • They were advised to seek help from a legal and financial advisor.

The Cereal Killerz Kitchen

Company Name Investment Sought Equity Offered Shark Deal
The Cereal Killerz Kitchen $125,000 10% No deal

Chirp Pitch and Deal

Chirp, a company specializing in back pain relief, made a compelling pitch on Shark Tank. Their innovative product, a wheel roller designed to alleviate back pain, caught the attention of the sharks. Founder Tate Stock requested a $900,000 investment in exchange for 2% equity in the company.

Tate Stock’s presentation included impressive sales numbers, highlighting the success of Chirp. In 2020 alone, the company generated $12 million in sales. They are projected to reach $40 million in sales by the end of this year.

Several sharks expressed interest in partnering with Chirp and made enticing offers. However, it was Lori Greiner who stood out with a compelling proposition. She offered a $900,000 investment for 2.5% equity, with the condition that the investment must be repaid within 18 months.

Chirp back pain relief

Chirp’s deal with Lori Greiner not only provided the necessary capital to drive further growth but also allowed for the expertise and guidance of an experienced investor. With this partnership, Chirp is poised to continue its trajectory of success and expand its reach in the market for back pain relief products.

Investment Details

Investor Investment Amount Equity Stake Repayment Condition
Lori Greiner $900,000 2.5% Repayment within 18 months

This strategic partnership with Lori Greiner positions Chirp for continued growth and success in the back pain relief market. With their innovative wheel roller, Chirp aims to provide effective solutions for individuals seeking relief from back pain.

Updates on Other Season 12 Episode 3 Products

For updates on the other products featured on Season 12 Episode 3 of Shark Tank, readers can check the provided links for Hug Sleep, The Cereal Killerz Kitchen, and Chirp. These updates provide additional information and insights into the progress of each company after appearing on the show.

Season 12 Episode 3 introduced a diverse range of entrepreneurial endeavors on Shark Tank. In addition to the Animated Lure, viewers had the opportunity to learn about other innovative products and pitches. Here are the updates on three noteworthy products:

Hug Sleep

Hug Sleep offers an adult swaddle-like blanket designed to promote better sleep. After successfully securing a deal with Mark Cuban and Lori Greiner on the show, Hug Sleep has seen significant growth. With $490,000 in sales over the past 16 months, the company is poised for expansion. They plan to diversify their product line to cater to a wider range of customer preferences and continue driving sales.

Hug Sleep

The Cereal Killerz Kitchen

The Cereal Killerz Kitchen presented their retail-focused cereal bar concept on Shark Tank. Despite the lack of interest from the sharks due to financial challenges and the impact of COVID-19, The Cereal Killerz Kitchen has persevered. While no deals were made during their appearance on the show, they are currently in the process of seeking financial and legal advice to overcome their challenges and potentially relaunch their concept.

Chirp

Chirp showcased their wheel roller designed to provide back pain relief. Tate Stock, the founder of Chirp, wowed the sharks with impressive sales numbers, reaching $12 million in 2020. The company’s growth trajectory continues to impress, with an expected $40 million in sales by the end of the year. After receiving multiple offers on the show, Chirp ultimately made a deal with Lori Greiner, securing the investment needed to further expand their product line and reach a wider customer base.

Additional Shark Tank Resources

For more information on the products and entrepreneurs that have appeared on Shark Tank, readers can visit the Shark Tank products page on the Shark Tank Recap website. This page provides a comprehensive list of products from the show, allowing users to explore and learn more about the various companies and their progress.

Whether you’re interested in discovering new Shark Tank Season 12 products or want to catch up on the innovations and success stories from previous seasons, the Shark Tank products page is a valuable resource. It offers a convenient way to browse through a wide range of products and learn about the entrepreneurs behind them.

From innovative tech gadgets to unique food and beverage offerings, the Shark Tank products page showcases a diverse array of entrepreneurial ventures. Users can find detailed information about each product, including pricing, features, and updates on the company’s progress since appearing on the show.

Be sure to check out the Shark Tank products page on the Shark Tank Recap website to stay up-to-date with the latest Season 12 products and explore the exciting world of entrepreneurship on Shark Tank.

FAQ

Q: What is the Animated Lure?

A: The Animated Lure is a rechargeable robotic fishing lure that accurately mimics the movements and patterns of real fish.

Q: How much did Kevin O’Leary invest in Animated Lure?

A: Kevin O’Leary made a deal with Animated Lure, investing 5,000 for 10% equity in the company.

Q: Which sharks dropped out of the Animated Lure deal on Shark Tank?

A: Mark Cuban, Lori Greiner, Robert Herjavec, and Daymond John all dropped out of the Animated Lure deal.

Q: How successful is Animated Lure after appearing on Shark Tank?

A: Animated Lure has reached a valuation of over million and has expanded its product line since appearing on Shark Tank.

Q: What are the details and pricing of the Animated Lure?

A: The Animated Lure is made of ABS and anti-corrosion stainless steel, with a maximum swimming depth of 28 meters. The pricing ranges from .95 to .95, depending on the size and type of lure.

Q: Which products were featured on Shark Tank Season 12 Episode 3?

A: The products featured on Shark Tank Season 12 Episode 3 were Hug Sleep, The Cereal Killerz Kitchen, and Chirp.

Q: What was the deal made with Hug Sleep on Shark Tank?

A: Hug Sleep made a deal with Mark Cuban and Lori Greiner on Shark Tank, receiving a 0,000 investment for 20% equity in the company.

Q: Did The Cereal Killerz Kitchen secure an investment on Shark Tank?

A: No, The Cereal Killerz Kitchen did not secure an investment on Shark Tank.

Q: What was the deal made with Chirp on Shark Tank?

A: Chirp made a deal with Lori Greiner on Shark Tank, receiving a 0,000 investment for 2.5% equity in the company.

Q: Are there any updates on the other products featured on Shark Tank Season 12 Episode 3?

A: For updates on Hug Sleep, The Cereal Killerz Kitchen, and Chirp, please check the provided links.

Q: Where can I find more information about products featured on Shark Tank?

A: For more information on Shark Tank products, you can visit the Shark Tank products page on the Shark Tank Recap website.

Similar Posts