Next into the tank are Andrew Zahornacky and Aaron Liskov of UnPack, seeking $500,000 for 40 percent equity.
Key Takeaways: UnPack on Shark Tank
- Product Overview: UnPack offers professionally packed carry-ons for business or leisure trips, delivering a suitcase with handpicked clothing to your hotel.
- Service Details: The service excludes shoes, uses pre-owned clothing, and is tailored to the traveler’s style preferences and trip plans.
- Shark Concerns: Sharks raised issues about fit, satisfaction with the items, unclear business model, and the necessity for travelers to pack personal items.
- Performance and Feedback: In six months, only 38 users tried UnPack. Sharks found the name and business model confusing and problematic.
- Outcome: All sharks declined to invest, citing various concerns about the business’s viability and appeal.
Company Overview: UnPack
UnPack is a service that offers professionally-packed carry-ons so the stress of packing is off your shoulders.
You can choose either a “business” or a “play” package.
According to the description, the service includes the “perfect suitcase” waiting at the hotel, no heavy bag required when traveling to your destination and handpicked clothing based on what you have planned once you arrive at your destination.
According to Heavy, their “service for leisure travelers will be available at hotels nationwide in 2017.”
They ship everything except shoes, but the clothing is used. They put together a pack based on your style preferences.
What the Sharks Thought about UnPack
Lori Greiner says she would be worried if something doesn’t fit or she doesn’t like something that was included, while Robert Herjavec thinks it doesn’t solve any problem. In six months, 38 people have used their service. Mark Cuban says the “name sucks” and believes they should focus more on picking custom looks based on a location.
The sharks say the founders don’t even know what business they’re in and believe they are confused. Cuban goes out, followed by Herjavec and Kevin O’Leary because they don’t understand the business model. Daymond John finds the issue in customers still needing to pack personal items and goes out.
Greiner calls it a “nightmare” and goes out.
Each week on “Shark Tank,” budding entrepreneurs have the opportunity to pitch their emerging business to six multi-millionaire and billionaire investors, known as sharks: Mark Cuban, owner of the Dallas Mavericks; Daymond John, fashion mogul and founder of FUBU; Kevin O’Leary, self-proclaimed Mr. Wonderful and founder of O’Leary Financial Group; Barbara Corcoran, real estate maven; Lori Greiner, queen of QVC; and Robert Herjavec, technology guru and founder/CEO of the Herjavec Group. Venture capitalist Chris Sacca is also slated to appear as a guest shark this season.
“Shark Tank,” which is based on “Dragons’ Den,” is produced by Mark Burnett and first debuted in 2009. To date, the sharks have invested more than $87 million in various companies after engaging in numerous bidding wars and shark fights. A new episode airs each Friday at 9 p.m. on ABC.
Social Media Reacts to UnPack’s Appearance on “Shark Tank”
Whats this??? #unpack #SharkTank pic.twitter.com/k1qpNcM0Ok
— Shanae Wildgoose (@prettyincoils) October 29, 2016
This Unpack thing is completely silly. Here's a better idea: Don't pack so much crap when you go on vacation. Boom. Done. #SharkTank
— Chris Murphy (@MurphsWords) October 29, 2016
Companion UnPack listed on website is a better idea- sends a coat or umbrella to travelers for unexpected changes in weather. #sharktank
— Melissa Siegel (@MelissaSiegel89) October 29, 2016
There was actually some value to that Unpack idea but their pitch and execution was fatal #SharkTank
— María Verónica (@laveronurse) October 29, 2016
I've never seen such clueless entrepreneurs, they need to #Unpack this idea. #SharkTank
— cooliojones (@cooliojones) October 29, 2016
Would you use UnPack? Sound off in the comments section below!