What Happened to AirBedz After Shark Tank?
What is AirBedz?
AirBedz is the first truck bed Air Mattresses that gives everyone who enjoys the great outdoors a nice night’s sleep.
The revolutionary design incorporates Heavy Duty Cloth Material for increased puncture resistance, as well as cutouts on each side that allow the mattress to fit over and over the wheel wells, resulting in a sleep space that utilizes the whole truck bed.
A built-in rechargeable pump inflates and deflates AirBedz at the flip of a switch. An integrated air coil system evenly distributes weight throughout a 12 inch thick mattress, providing a better night’s sleep for outdoor enthusiasts.
Pittman Products International’s James Pittman has the original utility and design patents for truck bed air mattresses, with multiple further patents pending.
Who is the founder of AirBedz?
James Pittman, Pittman Products International, based in La Mirada, California, is the founder of AirBedz, a company that manufactures a variety of air mattresses for a variety of purposes, with comfort, affordability, and ease of use as guiding principles.
Rather than discussing patents, Pittman lawyered up, and he received a stern letter ordering me to retract my article. Because he believed in free speech, he was ready to tell his attorneys to piss off.
Then he double-checked my show statistics. Only around 100 of the 18,000 views to their page that day were for the AirBedz article, with half of them coming from IP addresses in Pittman’s community (probably his lawyer’s office). Instead of making a big deal out of it.
What Happened to AirBedz’s Pitch on Shark Tank?
AirBedz CEO James Pittman pitches his startup on Shark Tank in episode 313 of the show. James is searching for a Shark partner to help him expand his invention.
James entered the Shark Tank in seeking of $250,000 investment in exchange for a 15% stake in his company, which worth $1.7 million.
James climbs on top of the mattress, which is positioned on top of the demonstration pick-up truck, to illustrate how heavy duty and robust the mattress is. Jim is well-versed on the product and feels it will be a smashing success.
“Why?” Robert, on the other hand, asks. James continues by stating that he was aware that the camping and outdoor industry was worth $56 billion each year.
Kevin wonders whether there were distinct designs for different types of cars. They have a one-size-fits-all model, according to James, with one model suiting a full size 8 foot bed and another fitting a full size 6 foot bed.
Barbara then asks an intriguing question: how easy is it to fill the mattress with air? Will Barbara be able to pull it off as a woman? Then James demonstrates how easy it is: simply press the button, and the bed will begin to inflate.
The pump can both inflate and deflate the mattress. The power source is a simple 12-volt rechargeable battery that is included with every AirBedz purchase.
Mark inquires about sales, which James estimates to be $210,000 per year, with sales average about $220,000. A single mattress costs $50 to $60 to build and sells for $200 to $269 in stores.
Mark adds that this is a retail scenario and asks the shop how much each unit sells for; each unit is sold for as little as $125, but certain large box merchants can provide up to $140 per unit.
Barbara inquires how many flats have been sold so far this year, to which James says that 1,700 have been sold so far this year, with around 1,600 sold the prior year.
AirBedz was well-liked by the Sharks. Kevin believes it’s too niche for him, therefore he’s out.
Daymond and Robert were also out. Mark likes the products, but tells Pittman to “get off your ass and sell” he also exits.
Barbara offers $250,000 in return for a 50% stake in the firm. Pittman counters with $250,000 for a 25% stake in the company, and Barbara exits. Pittman finally walked away from the pitch without a deal.
What Happened to AirBedz After Shark Tank?
Since James and AirBedz went on Shark Tank and left without a deal, James has refined his concept or sought outside assistance to promote it effectively.
The AirBedz website is now a modernistic 2016 website that offers a variety of information such as vehicle dealers and even a simple checklist where a truck owner can navigate directly to the page that has the AirBedz they require.
AirBedz are available at a variety of retailers, including Costco, Sears, and Sierra Trading Post. AirBedz’s prices have also been reduced slightly.
AirBedz is currently available through retailers in 36 different states. James has since expanded the AirBedz line to include AirBedz Pets, accessories, a backseat mattress, and even air mattresses that include his unique pump technology.
The company was still in business in January 2022, with annual revenue of $1.7 million.
AirBedz’s Net Worth
During and after the pitch, the firm was valued at $1.7 million. Since then, the firm has been in operation with annual revenue of $1.7 million as of January 2022.
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What is AirBedz made of?
AirBedz is vinyl-coated polyethylene foam, which is a common material used in air mattresses.
Who invented AirBedz?
Pittman Products International (PPI) designed and developed AirBedz. PPI has the original utility and design patents for truck bed air mattresses, with multiple further patents pending.
How long does it take to inflate and deflate AirBedz?
The mattress inflates in less than 3 minutes and deflates in less than 8 seconds.
How thick is AirBedz?
Two inches – enough to support the weight of a person sleeping on it, as well as their sleeping bag and other camping accessories.
Who designed the AirBedz pump?
PPI developed a proprietary, self-contained pump that is integrated into the mattress. The pump is durable and quiet, allowing users to stay comfortable and sleep soundly throughout their trip.
What are the dimensions of AirBedz?
The mattress fits in virtually any standard-sized pickup truck or SUV.
How does the AirBedz pump work?
The pump is powered by an onboard, rechargeable 12-volt battery. It inflates and deflates the mattress quickly, quietly and easily.
How much does an AirBedz mattress cost?
AirBedz retails for between $199.99 and $269.99, depending on the size. A dual-size mattress will cost between $250 and $300, while a queen-size costs around $400.
Who is AirBedz for?
AirBedz is for anyone who wants a comfortable, safe place to sleep on the go.
How does air mattress compare with camping mat?
AirBedz uses the same material used in most air mattresses, and folds up into a compact form. It’s lightweight and can be carried in the car or truck. The AirBedz closes off the box spring so that people can still use their mattress’ sleeping bag or other sleeping accessories.
What are other uses for air mattress?
The AirBedz mattress can be used as a guest bed at home. It’s also useful in the home and even outdoors, where it can be safely stored on the patio or deck over the summer and brought in when they’ll need it.
Why should you buy an air mattress from AirBedz?
AirBedz is a waterproof mattress that is extremely durable. It meets federal standards for flammability and meets all DOT requirements.
What is AirBedz return policy?
AirBedz has a 100% satisfaction guarantee.
Who sells AirBedz?
AirBedz can be purchased through your local truck stop, campground, golf course, RV dealership and even your local retail store.
Why choose AirBedz?
The AirBedz tank is lightweight and easy to use. Its patented pump inflates and deflates the mattress quickly and quietly, so people can sleep right away.
What is AirBedz delivery period?
AirBedz is delivered to most locations in 4 to 10 business days.
What is Airbeds warranty?
AirBedz come with a one-year warranty and lifetime pump replacement policy.
How do I clean AirBedz?
AirBedz can be cleaned with any standard detergent or upholstery cleaner. However, some people recommend using foam cleaner or bathtub cleaner in warm water to ensure they are completely clean after use.