What Happened to Night Runner After Shark Tank?
What is Night Runner?
Night Runner is a fashionable wearable gadget that employs LED lights to keep runners safe during their early exercise.
Night Runner was founded by Doug and Renata. They collaborated on the concept of Night Runner Shoe Lights.
Doug’s story began completely by chance in 2013, when he tripped over a pothole while training for his fifth marathon and fell. With a damaged ankle and a new idea, he staggered home! This is how Night Runner Shoe Lights came to be.
Each gadget weighs 1.5 oz. and has a three to five-hour battery life. To recharge the battery, use a USB port. The light itself is bright, shooting forward more than 30 feet and filling a 270-degree field of vision.
Who is Night Runner’s creator?
Renata is a budding business owner. She and Doug had been together for three years, having met at a running store.
In 2010, Jane began running as a form of exercise and stress reduction, while Doug began marathon training to reduce weight. Doug and Renata are both passionate runners who meet in the mornings while her family is sleeping.
The duo is presently looking for money to expand production of their product. They’ve already created over 100 prototypes to test on themselves and their pals.
The major purpose of Night Runner Shoe Lights is to lessen the possibility of colliding with any objects after dark.
Night Runner is a pair of compact, waterproof LED lights that clip onto shoes and cast a 270-degree swath of light 30 feet ahead of a runner. They simply call their device “shoe headlights.”
The duo started working on the gadget in 2013 and raised $43,000 through a Kickstarter campaign in early 2015 to fund the first round of manufacturing.
The lights allow runners, walkers, and bikers to see and be seen in the dark. Cars can see the lights well, allowing the driver to avoid hazards such as curbs and potholes. There is also a rear-facing red light to assist motorists in seeing you.
The lights are constructed of long-lasting LED bulbs that are attached to their shoelaces. Furthermore, no batteries are required: each item comes with a simple USB charging adapter.
The price of each pair is $59.95. The bulk of the reviews are positive, but one Amazon reviewer claims that they will not keep a skunk from coming from the woods after dark; trust them on this.
What happened to Night Runner’s proposal on Shark Tank?
Renata and Doug decided to propose their proposal to Shark Tank investors in order to obtain funds for future production and mass market retail help.
Renata and Doug entered the Shark Tank looking for $250,000 for a 10% stake in their company, which worth $2.5 million.
He explains how the concept was inspired by a pothole stumble while jogging in the dark.
They hand out samples, which Mark and Lori sample. Mark maintains he isn’t aware they are there.
They indicated that they cost $15.50 to make and $30 to sell wholesale.
The suggested retail price is $59.95. In the eight months they’ve been in business, they’ve grossed $260,000 in sales. They estimate a $760,000 budget. Barbara claims that she has never seen a night runner in New York City, so she goes out.
Doug argues that the device would be useful for people who work in the dark; Kevin is intrigued by the invention.
Doug went on to announce their new workforce model, which would be known as the Night Shift. Its battery life is 10 hours, compared to the Night Runner’s four hours.
Robert makes a $250,000 offer in return for 30% ownership of the company.
Kevin instantly undercuts him with a $250,000 offer for a 15% stake in the company.
Lori offers $300,000 for a 20% ownership in the company after a sabbatical.
Robert then reduces his offer to $200,000 for 15% plus a $150,000 loan.
Mark enters the battle with a $250,000 offer at 30% interest and unlimited purchase order credit.
Renata and Doug enter the corridor to discuss the possibilities. While they’re out there, the Sharks agree to band together and donate $250,000 to Robert, Kevin, and Lori in return for 30% for 10% each.
Doug claimed that he was willing to give up to 20% of his stock. Following some squabbling, the Sharks split off and returned to their separate proposals.
Once the dust settles, they accept Robert’s final offer of $250,000 for 15% plus a $100,000 loan.
What Happened to Night Runner Following the Shark Tank?
Despite the ovation throughout the pitch, the Robert deal never came to fruition, but it was unimportant. They made $300,000 in the month after their initial air date and $880,000 at the end of the year.
They have got queries from over 300 companies interested in the industrial concept. In October 2021, the company changed its name to Night Tech Gear. They make about $1.5 million in revenue every year.
Night Runner’s competitors
Bright Response is Night Runner’s main opponent.
Night Runner’s net worth
During the pitch, the firm was valued at $2.5 million; following Robert’s investment, the company was valued at $1.7 million.
Since then, the firm has produced a lot of sales, with annual revenue of $1.5 million, indicating that the company’s net worth has increased in 2021.
Night Runner FAQs
Is there a light on the back of the shoe?
That’s the safety feature of the shoe. If the wearer sees a hazard, he can just switch the lights on and shine their attention to the dangers.
How much is a pair of Night Runner shoes?
Costing $59.95 each; this is the retail price of each pair.
Who is Night Runner’s creator?
Renata is a budding business owner. She and Doug had been together for three years, having met at a running store. They began working on the shoe lights after being inspired by a pothole stumble while jogging in the dark.
Where can I purchase a pair of Night Runner shoes?
Night Runner shoes can be purchased from Night Runner’s official website.
Where is Night Runner shoes sold worldwide?
Night Runner shoes are distributed in the U.S., Canada, UK, France and Australia; as of this date, the company has 71 employees. In order to expand production and increase sales, Night Runner plans to reach a wider global audience by courting partnerships with retailers.
How long will Night Runners last?
Renata expects that they should last anywhere from 30 to 50 hours of lightweight use before they must be plugged in via USB cord.
What colors are available for the Night Runners?
Night Runners are available in Red/Green, White/Blue, and White/Red.
How does the Night Runner work?
Upon charging for four hours and a half before use, the lights will stay in operation for ten hours. There is also a button that can be crimped with any shoelace end to turn on the rear red light when necessary.
What are the charging instructions and time required to charge them to full capacity?
The charging instructions are as follows: Plug the charger into an open USB port or USB wall adapter. The LED light will change colors to show the charging stage; when the LED light turns solid green, it is fully charged.
How long does the Night Runner battery last?
The battery of a Night Runner can last up to ten hours before it must be charged again. Night Runner shoes are only made of four primary components: power button, LEDs, batteries and laces.
What is the shipping cost of Night Runner?
Shipping will cost $3.95 within the US; it is free of charge if the order amount exceeds $70.
What happens if I step in mud or water with a Night Runner?
It doesn’t matter what the weather conditions are when user wear them, they can still have a fun time at night without any worries. They are waterproof and can be used in almost all weather conditions.
Are Night Runners durable?
Yes, they are extremely durable as there is no electronics involved as such.