What Happened to Hoodie Pillow after Shark Tank?
What is Hoodie Pillow?
Hoodie Pillow is a firm that makes pillows for travelers who wish to travel in comfort, style, and warmth. When not in use, each piece of equipment has an embedded inflatable cushion that deflates and rolls away.
While standard travel pillows provide a wonderful level of comfort, they are typically an enormous accessory.
They’re not exactly something you’d want to travel with hanging around your neck if they weren’t used for their intended purpose. They also look absurd attached to your carry-on as you move from gate to gate.
The Hoodie Pillow was founded by Chris Hendley and Rebecca Rescate. Chris, a family man with a profession in digital marketing, was Rebecca’s husband’s coworker at the time.
The Hoodie Pillow is offered to the individual as a “Cocoonification” item. It’s a pillowcase designed to fit standard-sized pillows, made of sweatshirt material, and equipped with an incorporated hood.
The Hoodie Pillow includes a large hood with a drawstring for extra warmth on cold evenings. The hood, when pulled up over the ears and eyes, blocks out light and sound.
Who is the founder of the Hoodie Pillow?
The Hoodie Pillow was founded by Chris Hendley and Rebecca Rescate. Chris Hendley, Rebecca’s husband’s coworker, approached her with his wacky yet clever creation, the ‘Hoodie Pillow.
He wanted Rebecca as a partner, but she first rejected to join the business, instead volunteering to help Chris get his enterprise off the ground.
After he approached her again after designing the product, she decided to sponsor the Hoodie Pillow. She was able to effortlessly add Hoodie Pillow into her product line by leveraging her existing CitiKitty storage and distribution networks.
What Happened to Hoodie Pillow at Shark Tank pitch?
The Hoodie Pillow will go down in Shark Tank history, if not for the product itself, then for the entrepreneur who presented it to the Sharks.
Rebecca Rescate, the inventor of CitiKitty, is the first entrepreneur to return to Shark Tank with a new product to pitch.
Rescate has made millions through CitiKitty since teaming with Kevin Harrington in season two episode 208.
In season 4 episode 415, Rebecca introduces the Sharks and the world to her friends and coworkers, Chris and Dana Hendley, and their product, the Hoodie Pillow.
Rebecca and Chris arrived on Shark Tank in seeking of $90,000 in return for a 15% stake in their business, worth $600,000.
Daymond then shows the gadget in action on a couch set up for the presentation. The Sharks were first amused by the product, until Rebecca reminds them that they have earned 3,000 sales in their first eight weeks in business.
Kevin entered the fray, offering $90,000 for 33% equity shares, with the caveat that they all “pay off” at the same time.
Chris responds with a 25% equity ownership in exchange for $100,000, but Mr. Wonderful was unconvinced.
Daymond makes a $90,000 offer for a third of the company and sets a ten-second deadline for a decision.
Barbara then offers $90,000 in return for 40% ownership and a ten-cent royalty, but only if Daymond agrees to join her.
Daymond wants an immediate response, and Chris responds with $90,000 in return for 30% stock. Barbara asks if they can split the difference at 35% equity shares, but Rebecca insists on $90,000 for 20% equity.
Robert seizes the chance and offers $90,000 in exchange for 20% stock shares. He saw Rebecca’s success with CitiKitty and was anxious not to let Hoodie Pillow slip away. Chris accepts Robert’s offer, and they all smile as they leave the pitch with a deal!
What Happened to Hoodie Pillow After Shark Tank?
Rebecca and Chris report that over 4,000 copies had been sold the Monday following the first air date. They anticipate 8,000 units every month!
The deal with Robert had not yet been finalized, but the parties were still “in negotiations.” The deal with Robert never came to fruition.
Pillow covers, kids’ pillows, inflatable pillows, hooded beach towels, luggage, and kids’ Hoodie Pillows with cartoon characters were all launched by the firm.
The company is still in business and produces $5 million in yearly sales as of January 2022.
Competitors of Hoodie Pillow
The classic inflatable pillows compete with the Hoodie Pillow.
Net Worth of Hoodie Pillow
During and after the pitch, the firm was valued at $600,000. Since then, the company has remained in operation, and its net worth might then exceed that of pitch.
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Hoodie Pillow FAQs
What is Hoodie Pillow?
Hoodie Pillow makes pillows for travelers who wish to travel in style, comfort, and warmth. When not in use, each piece of equipment has an embedded inflatable cushion that deflates and rolls away. While standard travel pillows provide a wonderful level of comfort, they are typically an enormous accessory.
Who is the inventor?
The Hoodie Pillow was founded by Chris Hendley and Rebecca Rescate. Chris, a family man with a profession in digital marketing, was Rebecca’s husband’s coworker at the time.
How much were they looking on Shark Tank?
They were looking for $90,000 for a 15% ownership in their company.
How much did they get for Hoodie Pillow?
In return for $90,000, Robert Herjavec offered a 20% stake.
Is Hoodie Pillow still in operation?
Yes. As of January 2022, the Hoodie Pillow is still in business.
How much did Hoodie Pillow earn?
The company’s annual revenue is $5 million.
Where can I find Hoodie Pillow?
The Hoodie Pillow can be found in New York.
How does the Hoodie Pillow function?
When not in use, the Hoodie Pillow has an incorporated inflatable pillow that deflates and rolls away.
Where can I get a Hoodie Pillow?
Customers may buy through the company’s website, Amazon, and a variety of other shops.
How long will it take for the Hoodie Pillow to reach the customer?
The Hoodie Pillow will be delivered within 2-5 business days of being dispatched.
Is Hoodie Pillow shipping?
The Hoodie Pillow is now available for purchase.
How much does Hoodie Pillow shipping cost?
The shipping cost of the Hoodie Pillow is determined on the customer’s delivery address and the shipping method chosen.
How do I purchase a Hoodie Pillow online?
Customers may place an order for a Hoodie Pillow by visiting their official website.
Is the Hoodie Pillow a decent product?
Yes, it’s a basic concept that might appeal to a wide range of people.
What payment methods are available for Hoodie Pillow?
Customers can pay using PayPal or credit cards.
Is it possible to receive a refund for the Hoodie Pillow?
Customers can call customer support if they have any issues with their items. All consumers are entitled to a 30-day return guarantee from the firm. That is, if consumers are dissatisfied with their purchase, they may return it and receive a refund.
Is it safe to use a Hoodie Pillow?
Yes. The Hoodie Pillow is completely safe to use.
What is the material of the Hoodie Pillow?
The Hoodie Pillow is constructed of high-quality fabrics that have been thoroughly tested.
Is the design for the Hoodie Pillow for sale?
Yes, it is for sale as a means for them to show their creativity and passion of travel.
Who is the company’s CEO?
Rebecca Rescate is The Hoodie Pillow’s CEO and co-founder.
