What Happened to GoGo Gear After the Shark Tank Pitch?
What is GoGo Gear?
GoGo Gear is a line of fashionable yet protective motorcycle riding apparel aimed mostly towards women.
GoGo Gear is not only stylish but it is also built of abrasion-resistant materials and fluorescent fabric to keep riders safe in the case of an accident.
GoGo Gear consists of kevlar armoured leggings, sweatshirts, and jackets. The company is currently selling men’s riding pants.
Who is the founder of GoGo Gear?
Arlene Battishill and Desiree Estrada conceived and designed GoGo Gear. When both females lost their jobs in corporate America in 2008, they were inspired to start the one-of-a-kind apparel company.
Before starting GoGo Gear, Battishill worked in the real estate industry for Brookfield Homes Southland, Inc.
Battishill then spent years in the e-commerce industry before becoming the Chief Technology Officer of a firm called Voices Amplified.
What Happened to GoGo Gear During the Shark Tank Pitch?
Arlene Battishill and Desiree Estrada appeared on Shark Tank season 3 episode 10 in quest of $300,000 for a 15% ownership in GoGo Gear. This works out to a $2 million valuation.
They arrive dressed in traditional “biker garb,” claiming that after losing their jobs in corporate America in 2008, they decided to create a clothing line geared at professionals who enjoy riding motorcycles.
The ladies then took off their motorbike jackets, showing their stylish GoGo Gear safety apparel.
Kevin O’Leary is considering a career in sales.
According to Battashill, they sold $172,000 the prior year. The GoGo Gear is sold at 25 specialized motorbike and scooter dealers.
Mark Cuban is interested in learning about their future plans. “Prove to me that I can put my money in your hands,” he says to the ladies. “How do you intend to spend the money?”
Battashill’s remark that they want to take the line to the European market is mocked by the Shark.
Going to Europe is a “bad” idea, according to Cuban. He believes that they should prioritize the US market and build the business there before moving overseas.
Kevin O’Leary is gone since the firm is worth $2 million. When the pair tries to argue over the valuation, the Sharks shout at them.
When contrasted to the big players in the bike business, Mark Cuban referred to Battashill and Estrada as “cockroaches,” emphasizing their lack of a competent marketing approach. He’s no longer there.
Barbara Corcoran chose to quit because she considered the two were overly confident about their chances in the Euro market. She’s no longer there.
Robert Herjavec concurred with Cuban and also backed out.
To persuade John, the Estrada offers a larger stock stake.
While the two are talking, Robert Herjavec convinces John to let him participate in the transaction because he knows the motorcycle market and John knows the fashion business.
The partners return and provide a 50% ownership. John and Herjavec seek a higher offer.
Estrada proposes 55%, but Herjavec rejects. John is willing to accept the 55%, but Herjavec is determined.
Battashill’s stake in the corporation rises to 65 %. Despite the additional shareholding, Herjavec is still out.
John opted in at the last minute, and GoGo Gear received the $300,000 they were looking for.
What Happened to GoGo Gear Following the Shark Tank Pitch?
With the economy in a depression, the partners decided to curtail manufacturing and ride out the storm with John.
Daymond never wrote a cheque, however he did initially function as an adviser. They are resuming manufacture of their GoGo Gear goods and increasing retail sales as the market improves.
Profits are rising!
They are still in business in November 2021, pulling in $3 million per year.
What is GoGo Gear’s Net Worth?
Arlene Battishill and Desiree Estrada appeared on Shark Tank season 3 episode 10 in quest of $300,000 for a 15% interest in GoGo Gear. This works out to a $2 million value.
They accepted Daymond’s offer of $300,000 for a 65% ownership, bringing the valuation to $461,538. The present valuation is higher since the company’s revenues have increased.
Who are GoGo Gear’s Competitors?
GoGo Gear competes in the market with companies such as Motochic, RevZilla, Corazzo Design, and Yellow Jacket Bee.
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GoGo Gear FAQS
1. Who founded GoGo Gear?
Arlene Battishill and Desiree Estrada founded GoGo Gear.
2. What is GoGo Gear’s revenue?
The company has earned $3 million annually since 2014.
3. Who are the Competitors of GoGo Gear?
GoGo Gear competes in the market with companies such as Motochic, RevZilla, Corazzo Design, and Yellow Jacket Bee.
4. When was GoGo Gear founded?
GoGo Gear was founded in 2009.
5. How can they get in touch with them?
Please contact Desiree at the following email address: [email protected].
6. What methods of payment do they accepts?
They accept the following payment methods:
Visa, MasterCard and PayPal.
7. How much was Arlene Battishill and Desiree Estrada seeking in the Tank?
The ladies sought a $300,000 investment for a 15% ownership in GoGo Gear.
8. Who is Arlene Battishill?
Arlene Battishill is the CEO of GoGo Gear.
9. Did they get the deal from the Sharks?
They accepted Daymond’s offer of $300,000 for a 65% ownership, bringing the valuation to $461,538.
10. Can you contact GoGo Gear’s CEO?
They can be contacted by email at [email protected]
11. What happened to GoGo Gear after the Tank?
With the economy in a depression, the partners decided to curtail manufacturing and ride out the storm with John.
12. What happened to Daymond’s offer?
Daymond never wrote a cheque, however, he did initially function as an adviser.
13. Is GoGo Gear still in business?
GoGo Gear is still in business in November 2021, pulling in $3 million per year.
14. Do GoGo Gear ship internationally?
Yes, GoGo Gear does ship internationally.
15. What is their website?
GoGo Gear is available exclusively on the web at www.gogogearla.com
16. Where is GoGo Gear located?
GoGo Gear is located in Los Angeles, California.
