What Happened to CuddleTunes After Shark Tank?
What is CuddleTunes?
CuddleTunes is a cute teddy bear with an MP3 player. Children may play music, and adults can pre-record their voices to play back through the gadget.
The option to post your voice online and have the integrated MP3 player download it separates CuddleTunes; this keeps content fresh.
The Cuddle Tunes Bear was created by Mike Robinson. You may listen to the music for free online at any time, or you can purchase it and install it straight within the teddy bear.
Because the entire process is completed online, people are able to engage with your child in fresh and innovative ways. Their grandparents may read them a story from any part of the world.
Who is the founder of CuddleTunes?
In 2009, Mike Robinson founded the Cuddle Tunes Bear. CuddleTunes’ headquarters are in Los Angeles, California, USA.
While traveling for business and leaving his children behind, Mike Robinson came up with the idea for Cuddle Tunes, his smart teddy bear. He used it to engage with them and give them goodnight stories when he couldn’t be there in person.
Every night, traveling parents may update their child’s profile to get an unique goodnight greeting. The company’s website has all of the information and technology required to customize the sounds of each Teddy Bear.
Parents who travel regularly, grandparents who live far away, and parents of sick children may read a story, sing a song, or even say nightly prayers to their favorite kid with the CuddleTunes bear.
A cuddly bear is significantly more comforting to little children than a phone or computer screen, and it may make them feel closer to someone who is unable to be present for whatever reason.
What Happened to CuddleTunes’ pitch on Shark Tank?
In episode 14 of Season 4 of CuddleTunes on Shark Tank, Mike chose to take his concept to the Sharks for assistance with scaling and marketing.
Mike entered the Shark Tank seeking $400,000 for a 20% ownership in the firm, which valued at $2 million.
Mike created the toy for his own children, whom he was separated from for long periods of time while on business. He has invested around $1 million in the firm and its proprietary technology.
The Sharks grow irritated when Mike fails to offer a straightforward explanation for his sales figures.
When Mike says that some of his investment money symbolizes the value of his time, they become even more furious.
Barbara recalls her father playing music on a tape player when she was a youngster; her father’s absence makes her unhappy, so she goes out.
Mark was dissatisfied with the firm and he went out. Robert and Daymond are not far behind. Kevin does not feel the company was viable, so he exits as well.
Mike discovers the hard way that sharks aren’t exactly cuddly. He ultimately walked away from the pitch without a deal.
What Happened to CuddleTunes After it was rejected by Shark Tank?
Despite the fact that Mike departed the pitch without a deal, an interview with Mike Robinson revealed that Mike’s whole story was not included in the cut.
CuddleTunes has vast experience working with the military. Families of deployed soldiers account up a significant component of the business. In addition, grandparents account for over half of all transactions.
While Mike refused to provide specific sales figures, his firm is still in existence, and he reported a 3000 percent increase in internet traffic following the presentation, which he sustained for several weeks.
Unfortunately, the Shark Tank effect was fleeting. Mike retired from the company in 2016. Beginning in August 2021, he will be the Entrepreneur in Residence and Business Mentor at the University of Washington.
CuddleTunes’ CuddleTunes
The major competitor of CuddleTunes is Baby JOYs.
CuddleTunes Net Worth
During and after the pitch, the firm was valued at $2 million; however, the company closed its doors in 2016 and so the company net worth is unavailable.
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CuddleTunes FAQs
What was CuddleTunes?
CuddleTunes is a cuddly teddy bear that gives you customized personal messages.
What did CuddleTunes look like?
Mike’s product was shaped as a Teddy Bear with an MP3 player. Children may play music, and adults can pre-record their voices to play back through the gadget.
Where was CuddleTunes manufactured?
The company’s headquarters are in Los Angeles, California, USA.
What was the problem with CuddleTunes?
Mike’s second product didn’t have anything new. He had used basically the same technology as his first product, with a few minor improvements.
How was CuddleTunes work?
CuddleTunes is a cute teddy bear with an MP3 player. Children may play music, and adults can pre-record their voices to playback through the gadget.
Who was CuddleTunes’ founder?
In 2009, Mike Robinson founded the Cuddle Tunes Bear. CuddleTunes’ headquarters are in Los Angeles, California, USA.
Was CuddleTunes shipping their products?
CuddleTunes is not shipping its products.
Was CuddleTunes back in business?
CuddleTunes is no longer in business.
What made CuddleTunes so special?
Cuddle Tunes was a bear that would play stories, jokes, and music for kids. Children may also record their own audio story and add it to the bear’s library of sounds.
What was CuddleTunes made of?
The materials used to design CuddleTunes are a mixture of polyester fiber, polyurethane foam, and plastic.
What was the target age of CuddleTunes?
There is no specified target age for CuddleTunes.
Was CuddleTunes a scam?
CuddleTunes was not a scam.
What was the purpose of CuddleTunes?
CuddleTunes is a cuddly teddy bear that gives you customized personal messages. It has been created by Mike Robinson.
A cuddly bear is significantly more comforting to little children than a phone or computer screen, and it may make them feel closer to someone who is unable to be present for whatever reason.
