What Happened to Goat Pet Products after Shark Tank Pitch?
What is Goat Pet Products?
GOAT Pet Products is a Bloomfield Hills, MI-based company that has created a range of pet products that offer animals a “voice.”
These devices include a small speaker in the pet’s collar that may be used to stream voice and music from a smartphone (and, presumably, Bluetooth).
The speakers are hidden behind the collar in the form of cute rubber forms. The collars may also include a “selfie button,” which can be used to activate a mobile device and take a photo of the animal while it is being embraced.
Users may pre-record messages for the pet to “talk” using the accompanying software. The “G.O.A.T” in G.O.A.T Pet Products stands for “Greatest of all time.”
Prior to starting G.O.A.T., the entrepreneur claims to have founded a number of other pet businesses.
Each GOAT Pet Speaker costs $44.95. As of October 2017, they were accessible at every Petsmart in the United States and Canada.
Who founded GOAT Pet Products?
G.O.A.T. Pet Products is owned by Michelle Winowich.
Prior to founding the firm in 2016, she worked as a branch and sales manager in the pet industry for many years, gathering valuable experience along the way.
She added that she came up with the idea for the speaker while working as a manager in the pet industry.
Her spouse advised her to keep it to herself, so she eventually formed a partnership with a family member and established the company in 2016.
What Happened to the Shark Tank Pitch for Goat Pet Products?
Michelle appears on Shark Tank Season 9 Episode 16 costumed as Snow White with her dog. She’s seeking $499,000 for a 9% stake in her firm. This equates to a valuation of $5.54 million.
She delivers her message and even plays music through the speaker tied around her dog’s neck.
She shows the sharks many GOAT Pet Speaker samples, each of which depicts a different animal.
She was at a Pet Expo when staff from Petsmart discovered her. They approached her and requested six months of her undivided attention.
She had sold about 2 million pieces in the past six months.
The sharks inquire about the product’s pricing, to which she answers that each G.O.A.T. Pet Speaker costs $24.99.
Mark inquires about the manufacturing costs, to which she responds that they are less than $5 “with packing and everything.”
Surprised by the large sum, the sharks eventually express their concern over the lack of sales numbers.
She was specifically asked if she will be receiving returns for the G.O.A.T. Pet Speaker.
Mark claims he despises the pet trade and is the first Shark to abandon it. Kevin soon after informs her that he is leaving.
Lori swiftly withdraws as well, stating that she is apprehensive to participate in such a risky endeavor.
Daymond adds that he needs a significant offer in order for things to work; else, he’s out.
Robert is enamored with the speakers and says he’ll make a low-ball offer of $499,000 for 33.3 percent ownership.
Michelle inquires whether he will accept a 20% stake, to which he responds that he will not. She accepts after some thought.
What Happened to Goat Pet Products Following Shark Tank Pitch?
Robert’s contract was never finished. Amazon is still selling the products.
She expanded her collection with a few more things. She is currently selling natural dog shampoo and conditioner.
She also makes GOAT Milk Dog Treats, which are peanut butter-flavoured, gluten-free biscuits produced from goat milk, with a portion of the proceeds supporting Americans with disabilities.
During the Covid-19 pandemic in 2020, the company began offering wholesale PPE and sanitizing wipes.
As of December 2021, the firm was still in operation, with annual revenue of around $1 million.
What is the Net Worth of Goat Pet Products?
Michelle was seeking $499,000 for a 9% stake in her firm. This equates to a valuation of $5.54 million. She accepted Robert’s offer of $499,000 for 33.3 percent ownership in the company, bringing the total valuation to $1.49 million.
Since the Company has expanded, the present valuation is larger than one on the Show.
Who are Goat Pet Products Competitors?
Goat Pet Products does not have any competitors.
Goat Pet Products FAQS
1. What is Goat stands for?
The G.O.A.T stands for the Greatest of all time.”
2. Who founded the company?
G.O.A.T. Pet Products is owned by Michelle Winowich.
3. How much does Goat Pet Products cost to buy?
Each G.O.A.T. Pet Speaker costs $24.99.
4. What exactly is Goat Pet Products?
GOAT Pet Products is a company that has created a range of pet products that offer animals a “voice.”
These devices include a small speaker in the pet’s collar that may be used to stream voice and music from a smartphone (and, presumably, Bluetooth).
The speakers are hidden behind the collar in the form of cute rubber forms. The collars may also include a “selfie button,” which can be used to activate a mobile device and take a photo of the animal while it is being embraced.
5. Where can they find Goat Pet Products?
G.O.A.T. Pet Products can be purchased from every Petsmart in the United States and Canada, as well as online from Amazon.
6. When was Goat Pet Products founded?
The company was founded in 2016, headed by Michelle herself.
7. How much was Michelle Winowich seeking in the firm?
Michelle appeared on Shark Tank Season 9 Episode 16 during which she sought $499,000 for a 9% stake in her firm.
8. Did the Sharks invested in Goat Pet Products?
Robert Herjavec offered to buy 33.3 percent of the firm for $499,000.
9. What happened to Robert’s contract?
Robert’s contract was never finished.
10. Is Goat Pet Products still in business?
As of December 2021, the firm was still in operation, with an annual revenue of around $1 million.
11. What Happened to Goat Pet Products after Shark Tank?
The contract with Robert was never completed. Amazon continues to sell the items. She added some additional items to her collection. She now sells organic dog shampoo and conditioner.
12. Where can they contact Goat Pet Products?
They can email them at [email protected]
13. What is the Website for Goat Pet products?
The official website for GOAT Pet Products is www.goatpetproducts.com/buy
