What Happened to Gallant After Shark Tank?
What is Gallant?
Gallant is a company that specializes in the banking of pet stem cells. They work with you and your pet’s veterinarian to collect and store your pet’s cells for future use if you’re pet develops one of the common health issues.
They provide customized stem cell storage solutions for you and your pet, which presently includes dogs, cats, and horses.
Aaron Hirschhorn, Gallant’s founder and CEO, worked in a range of fields before to establishing the firm.
He rose through the ranks from two years as an analyst for Kayne Anderson Capital Advisors in 2001 to six years as the Founder, CEO, and Chairman of DogVacay in 2011, and then to the board of directors of Rover.com, which purchased DogVacay in 2017.
Who is the founder of Gallant?
Gallant’s founder and CEO, Aaron Hirschhorn, founded Gallant after successfully receiving stem cell therapy for chronic back pain. He wanted to treat his own dog when he acquired severe arthritis.
He was concerned about animals and was aware that stem cell therapy may assist dogs as the developer of DogVacay (which was later purchased by Rover). As a consequence, he approached his Silicon Valley friends and raised $11 million for Gallant’s debut.
The following is how it works. When you have your dog spayed or neutered, ask your doctor to save the excised reproductive organs (rather than disposing of them).
The veterinarian places the organs into the shipping container provided by Gallant and ships them away. The company then uses liquid nitrogen to remove and freeze the animal’s stem cells. The cells are kept in Gallant’s FDA-approved facility and are instantly usable.
The gathering and storing service costs $595 every year or $595 for the rest of your life. When the cells must be “harvested,” a veterinary remedy costs roughly $300.
What Happened to Gallant at Shark Tank pitch?
Aaron Hirschhorn seeks investment for Gallant, his dog stem cell treatment company, in Shark Tank episode 1108. While the business is amply capitalized, Aaron wishes to speed expansion with the help of a Shark.
Aaron went on Shark Tank seeking $500,000 in return for a 2% stake in his business, which worth $25 million.
The Sharks exclaim in amazement/mock horror at the number. He talks about four patents he has that he feels would limit competition.
He claims to already have investors, which is why he is seeking a small stock interest. The company is currently valued at $20 million.
The Sharks are concerned because he was spending $400,000 a month to initiate stem cell division. He was keen to collaborate with Anne Wojcicki, but she was skeptical of Aaron’s business proposal.
She feels he should charge a higher price at first while determining how to build the company, and then lower prices later. That was exactly what she did with 23andMe.
Kevin offered two offers: $500,000 for 2% equity in the company plus another 2% in options, and $500,000 for 1% equity in the company plus $10 every unit kit sold.
Lori Greiner and Anne Wojcicki joined them in making an offer of $500,000 in exchange for 8% ownership.
Aaron answers Lori and Anne’s offer with $500,000 for a 4% stake in the company. Lori and Anne react with a demand for $500,000 in exchange for 5% stock. Aaron accepted the offer and walked away from the pitch with two Sharks deal.
What Happened to Gallant After Shark Tank?
Lori and Anne’s deal did not go through. As of August 2020, the firm is still in existence. Aaron took Anne’s advice and upped the premium on his lifetime plan from $595 to $890. While the monthly plan remains $95 per month, a one-time setup fee of $205 has been added.
Aaron was sadly killed in a boating accident on March 28, 2021, in Miami. It is unclear how this would affect the company, which earns $2.5 million per year, as of June 2021. As of January 2022, the company is still in existence.
Competitors of Gallant
Bimeda, Ruipeng, AniCura, and Banfield Pet Hospital are Gallant Pet’s primary competitors.
Net Worth of Gallant
During the pitch, the firm was valued at $25 million. Because the corporation is still in operation, its net worth might have been more.
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Gallant FAQs
What exactly is Gallant?
Gallant is a company that specializes in the banking of pet stem cells. They work with you and your pet’s doctor to harvest and store your pet’s cells for future usage if their pet develops one of the common health issues.
They provide customized stem cell storage solutions for you and your pet, which presently includes dogs, cats, and horses.
Who is the founder?
Aaron Hirschhorn, Gallant’s founder and CEO, worked in a range of fields before to establishing the firm.
How much was Aaron seeking on Shark Tank?
Aaron was seeking for $500,000 in exchange for a 2% stake in the company.
How did Gallant go on Shark Tank?
Lori Greiner and Anne Wojcicki invested in Gallant.
How much money did they put in?
They contributed $500,000 in exchange for 5% of the company’s stock.
Is Gallant still in operation?
Yes. Aaron died on March 28, 2021, in a watercraft accident in Miami. However, the company is still in business as of January 2022.
Where is Gallant located?
Gallant is headquartered in Sunnyvale, California, in the United States.
Is Gallant a startup or an established business?
Gallant is a startup as well as an established firm. It is one of the most successful canine stem cell banking companies.
What is Gallant’s pricing range?
Gallant’s price options for pets include $95/month for storage and $250/unit for stem cell extraction.
Where can I find Gallant?
Gallant is available throughout the country and is already being utilized in a number of veterinary clinics, but the best thing is that the Gallant storage procedure can be performed by ANY doctor. Simply provide them with the name of their veterinarian and the date of their spay/neuter appointment, and they will do the rest.
What is the procedure’s working mechanism?
It’s easy to understand. When a customer brings their dog to the veterinarian for surgery, any remaining tissue is packaged in a sterile collecting kit and delivered to the lab in La Jolla, California. Scientists will evaluate the tissue, harvest and count the dog’s stem cells, and freeze them until their offspring needs them later in life.
What are pluripotent stem cells?
The ability of stem cells to differentiate into several types of cells is what makes them so fascinating. What’s more, they can help with the regeneration of damaged tissues like cartilage, bone, and ligaments, helping the dog to live a happier, longer life.
What is it about stem cell treatment that makes it so remarkable?
Stem cell therapy, they believe, is the most natural way to cure the dog’s ailments. Because it is derived from their dog’s biology, there is no risk of it being rejected by their body.
Stem cell therapies have shown tremendous promise in the treatment of a wide range of illnesses in both dogs and people. Because of their closeness to sites of inflammation, they are capable of addressing the source of the disease.
Is Gallant safe?
They are as concerned about the dog’s health as they are about their own, which is why they devised the least invasive collection method imaginable. They just send the tissue that would ordinarily be discarded after the spay/neuter procedure to the laboratory.
There, the dog’s stem cells are processed and kept under highly stringent controls and legislation. One may be confident that their dog is in capable hands.
What dangers exist?
There are no additional risks involved with keeping their dog’s stem cells because the tissue harvest happens during spaying or neutering. They are also kept in their lab, which complies to the highest quality standards and FDA regulations, assuring that there are no hazards.
Why should I save my pet’s stem cells?
Because stem cells in banks do not perish! Even when stored, they keep their vigor and energy. When a result, as the pup ages and the quality and quantity of their body’s cells decrease, stored stem cells can be used to rejuvenate them.
How long will the therapy last?
Historically, stem cell treatments have varied depending on the ailment being treated, but most pets benefit from a single injection every 1-4 years for 1-4 years. If their problems reoccur, they should consult their veterinarian; if they have extra doses on hand, they may recommend a new treatment.
How is my pet’s tissue delivered?
Following the collection of the tissue, the veterinarian will place it in a sterile preservation kit that will keep it at a temperature of 2-8 degrees Celsius for up to 48 hours to ensure it arrives in perfect condition.
A Gallant courier will collect the sample from their veterinarian on the same day as the procedure and FedEx it overnight to their La Jolla, California laboratory. The dog-loving professionals will process their dog’s tissue there.
How do I get my veterinarian to write a prescription for Gallant?
Gallant allows consumers to choose their own veterinarian. To enroll it, simply send their details to [email protected], and they’ll do the rest. Instead, send them to gallant.com/for-veterinarians/ to learn about the future of pet care.
