What Happened to Bug Bite Thing After the Shark Tank Pitch?
What is Bug Bite Thing?
The Bug Bite Thing is a suction device that gathers insect saliva/venom from beneath the skin, therefore reducing itching, stinging, and swelling caused by bug bites and stings.
When you remove the irritant, your body stops producing the reaction that causes the unpleasant sensations.
In contrast to topical lotions and ointments, the problem is addressed rather than concealed.
The mosquito population grows in the spring and summer. The irritation produced by bug bites is relieved with Bug Bite Thing.
The product is easy to use. Apply the product to the bite, pull until you get a suction feeling, hold for at least 10 minutes, and then release. It will aid in the relief of edema and inflammation.
Who is the Founder of Bug Bite Thing?
Bug Bite Thing was founded by Ellen McAlister and Kelley Higney.
Kelley Higney worked with her mother at their family business before starting her own.
She worked for her family’s firm for 15 years before moving to South Florida from Southern California.
Now that Bug Bite Thing has taken off, Kelley is focusing on becoming a mother and developing her profession.
When Kelley and her family moved to South Florida, they were unprepared by the severity of the mosquitos.
She watched as her children were bitten by mosquitos on a regular basis. She loathed seeing her children in pain and itching as a mother.
She determined that nothing worked after a time of trial and error with a variety of anti-itch therapies.
Kelley came up with the idea for Bug Bite Thing after performing thorough research into how other countries manage mosquito bites.
Despite the fact that Bug Bite Thing is only $9.95 on Amazon.
What Happened to Bug Bite Thing at the Shark Tank Pitch?
Ellen and Kelley make an offer of $150,000 for a 10% ownership in their company. This implies a valuation of $1.5 million.
They retell their story and talk about their private label arrangement.
They hand out samples and give product demos. They’ve sold $800,000 in 2019 thus far, with a goal of $2 million by the end of the year.
The Sharks are smitten by the 80% margins, and a Shark war ensues.
Rohan and Kevin join a partnership for $150,000 in exchange for a 6% interest and $1 each unit sold.
Mark and Barbara join a partnership for $200,000 in exchange for a 10% ownership.
Lori, on the other hand, swoops in with her golden ticket: $150,000 for 10% – just what they desire.
Lori and they come to an arrangement.
What Happened to Bug Bite Thing After the Shark Tank Pitch?
The transaction was completed, and the item is now available on Lori’s website.
They may be found at CVS, Walmart, Home Depot, and Amazon. Regrettably, Amazon also has a profusion of counterfeit things on their website.
In February 2020, the company appeared in the “greatest Shark Attacks segment” of The Shark Tank Greatest of All Time Special.
The firm receives an update demonstrating “dramatic” development despite the worldwide Covid-19 crisis.
In the report, they talk about being in the aforementioned locations and their big increase in sales.
By September 2021, the company intends to have 25,000 retail outlets across the United States.
They will be sold at Lowe’s, Joann’s, and ACE Hardware stores around the country, as well as regional brands Academy Sports + Outdoors, Big 5 Sporting Goods, and Casey’s.
They estimate $15 million in revenue for the year.
What is the Net Worth of Bug Bite Thing?
Ellen and Kelley approached Sharks with a $150,000 offer for a 10% investment in their company. This is a $1.5 million valuation.
Current valuation is evidently higher since the Company has grown.
Who are the Competitors of Bug Bite Thing?
The products’ main competitors are Bite Away and IeR NYC Bite Tamer. In terms of insect bite treatment, each provides a similar idea, employing their own patented components at comparable prices.
Bug Bite Thing FAQS
Where is Bug Bite Thing headquartered?
It is located in Port Saint Lucie, Florida.
Who invested in the Shark Tank’s Bug Bite Thing?
When Higney and her mother, business President Ellen McAlister, appeared on “Shark Tank” in October 2019, all five sharks were interested, but Greiner provided her Golden Ticket, which she only gives out once a year, obtaining a 10% equity position in Bug Bite Thing in exchange for a $150,000 investment.
Is Bug Bite Thing still in business?
It is now available in 25 countries and 25,000 retailers throughout the United States, including Walmart and Home Depot.
Is the Bug Bite Thing legit?
If they’re a mosquito magnet and even the most efficient pest sprays can’t keep the bugs away, the Bug Bite Thing is surely worth a go for less than $10.
Furthermore, the reusable gadget will save them money in the long run because they won’t have to stock up on bottle after bottle of anti-itch cream.
Was the Bug Bite Thing on Shark Tank?
Kelley Higney, Founder and CEO of Bug Bite Thing, and her mother, President Ellen McAlister, first appeared on Season 11 Episode 4 of ‘Shark Tank’ on October 20, 2019 to pitch the Sharks on investing in the company.
Is the insect bite remedy effective on dogs?
Like humans, dogs and cats have a local reaction that may involve minor swelling, pain, redness, heat, and itching.
The soreness usually goes away within a day or two.
Is the Bug Bite Thing available at CVS?
Bug Bite Thing is now available at CVS Pharmacy locations across the country.
Is Bug Bite Thing effective against fire ants?
The Bug Bite Thing has been clinically proven to work on a wide range of bug bites and stings, including mosquitoes, bees, wasps, fire ants, and biting flies.
Is Bug Bite Thing patented?
A mother and daughter pair, Kelley Higney and Ellen McAlister, joined the Sharks in the tank in need of assistance building inventory and marketing their product, the Bug Bite Thing.
This item has not yet been patented.
How do they know whether the Bug Bite Thing is effective?
They can sense it when they see it in action. The Bug Bite Thing does not mask symptoms; it removes the source of discomfort.
One of its best features is that it starts to relieve itching, swelling, and discomfort as soon as you take it.
How does the Bug Bite Thing work?
The Bug Bite Thing is a suction device that extracts insect saliva/venom from bug bites and stings.
By removing the irritant, the body is able to stop the reaction that causes the unpleasant sensations of itching, swelling, and pain.
What is the liquid that is injected into bug bites?
When an insect bites, saliva is secreted, causing the skin around the bite to become red, inflamed, and itchy.
A sting’s venom typically causes the creation of a swollen, itchy, red mark (a weal) on the skin. This can be unpleasant, but it is typically not harmful.
When was Bug Bite Thing aired on Shark Tank?
It aired on October 20, 2019.
How Bug Bite Thing does makes money?
Bug Bite Thing generates revenue by selling Bug Bite Thing and its accessories.