The Shark Tank welcomed four businesses seeking a strategic and financial partnership with celebrity investors Mark Cuban, Lori Greiner, Daymond John, Robert Herjavec, and Kevin O’Leary.

Entrepreneurs representing Wedfuly, Wad-Free for Bed Sheets, Beulr, and Spergo presented compelling businesses cases to the Sharks in hopes of securing their expertise and investments.

Three of these businesses left the Shark Tank with partnership deals in hand.

Read on to learn more!

Key Takeaways: Wedfuly, Wad-Free for Bed Sheets, Beulr, and Spergo on Shark Tank

  1. Wedfuly: Adapted to the pandemic by offering virtual wedding services. Secured $200,000 for 10% equity from Robert Herjavec, recognizing the growing market for smaller, virtual weddings.
  2. Wad-Free for Bed Sheets: Solved a common laundry problem with a simple product, securing $200,000 for 5% equity and a royalty deal from Kevin O’Leary due to high margins and sales success.
  3. Beulr: Offered innovative software to attend online meetings on behalf of users but faced ethical concerns from Sharks. Walked away without a deal, receiving advice to pursue more productive ventures.
  4. Spergo: Teen founder Trey Brown showcased a premium apparel brand with impressive sales growth. Secured $300,000 for 20% equity from Daymond John, highlighting the potential of youth entrepreneurship.

Wedfuly Partners With Robert Herjavec

Software engineer and Denver, CO native, Caroline Creidenberg, realized during the pandemic that her skill set could be used to help couples who had to postpone or cancel their weddings during the pandemic.

Caroline created Wedfuly to help walk couples through the specifics of having a virtual wedding.

While she has learned a lot since launching Wedfuly, one of the most important learnings has been that even without the pandemic, there is a demographic of couples that would prefer to have small weddings with a virtual option rather than a large, white wedding.

Seeking $200,000 for 5% equity in Wedfuly, Caroline is interested in partnering with a Shark that can help them to increase their reach.

Naturally, Kevin O’Leary is interested in partnering with Wedfuly as he is already in this market space and is interested in the data that Caroline has been able to accumulate.

Robert Herjavec is also interested in investing and thinks she is really onto something.

Because she is concerned about giving up too much equity in Wedfuly, Caroline accepts Robert’s offer of $200,000 in exchange for 10% ownership in the company.

Wad-Free for Bed Sheets Accepts an Offer from Kevin O’Leary

Sometimes some of the most successful businesses featured on Shark Tank showcase simple products that address common, every day problems.

Cyndi Bray has created one such product that connects the corners of bed sheets for seamless washing and drying.

Wad-Free for Bed Sheets prevents sheets from becoming twisted or trapping other articles inside of them during laundering.

With rapid success through direct sales and big-box retailers, Cyndi is looking to partner with a Shark who is willing to invest $200,000 in exchange for 5% equity in Wad-Free for Bed Sheets.

With great margins, admirable sales, and proven business knowledge, Cyndi presents the Sharks with a unique and appealing investment opportunity.

Both Lori Greiner and Kevin O’Leary are interested in investing in Wad-Free for Bed Sheets and, in turn, try to sell their own strategies and experiences to land a partnership deal with Cyndi.

Concerned with giving up too much of her company, Cyndi accepts Kevin’s offer to invest $200,000 in exchange for 5% equity and a $1.50 royalty per unit until he recoups $1,000,000 at which time the royalty will cease and the equity share remains.

Beulr Walks Away Empty-Handed

With the pandemic driving businesses and education establishments to virtual platforms, Peter Solimine, has created a product to help people be in two places at one time.

Solimine’s software, Beulr, attends online meetings in your absence.

It allows you to select a bot, send a meeting link, teach the bot how long to stay in the meeting, etc. It also allows consumers to record a video of themselves that looks like they are paying attention which will play during the meeting or class you are to attend.

This allows busy consumers to still make it appear as though they showed up, while allowing them to invest their time into other things and get caught up on the content at another time.

Hoping to land a partner willing to invest $150,000 in exchange for 20% equity in Beulr, Peter tries to sell his product concept to Shark investors. Unfortunately, the Sharks have a variety of concerns about the product.

While clever, they do not like the idea and premise behind the product and decide to decline to make any partnership deals with Beulr.

Although disappointed, Peter leaves the Shark Tank with valuable advice from Mark Cuban to go back to college and finish his education so that he can put his time and energy into something more productive.

Spergo Partners With Daymond John

Teen entrepreneur, Trey Brown, and his mother, Sherell Peterson, have come to the Shark Tank to showcase Trey’s premium apparel brand, Spergo.

This company with a unique name encourages youths to look up to sports figures and heroes but not to forget to follow their own dreams and work hard to get ahead.

Growing up in Philadelphia, Trey has seen his share of crime and drugs and didn’t want to make a living in that way. He saved his birthday money and created Spergo when he was 12 years old.

After three years of hustling to sell his product, sales for 2021 are expected to top $2,200,000.

For as much as the Sharks love Trey, they are equally impressed by his product.

His care, attention to detail, and quality standards are evident in his product and in the standards that he holds himself to. Several Sharks are willing to give Trey the $300,000 investment he is seeking and are willing to help him learn how to sell direct-to-consumer rather than strictly through brick and mortar stores.

Both Mark Cuban and Daymond John extend offers to Spergo for $300,000 in exchange for 25% equity. Trey countered back with Daymond John who accepts his counter at 20% equity.

The Final Wrap Up

If you were a Shark in the Shark Tank, which of these businesses would you have invested in? Do you think that the Sharks made any unwise business decisions in this episode of Shark Tank?

Were they right not to partner with Beulr? Start the conversation in the comments below!