What Happened to Petrol Dog After Shark Tank?
What is Petrol Dog?
Petrol is a healthy, hydrated treat made by a veterinary nutritionist. Petrol has a great flavor and extra nutrients that are beneficial to canine health.
Petrol is a vitamin-enriched, hydrated dog treat. By a ratio of four, dogs prefer it over regular water. A 12 oz. bottle has just 8 calories.
Julie Yenichek and Ryan Huyghe developed the concept while brainstorming with other aspiring entrepreneurs, the bulk of whom had brought their dogs with them.
Everyone was carrying bottled water: filtered water, of course; water fortified with vitamins, minerals, and electrolytes; and some flavored with a range of fruit flavors.
Julie and Ryan got to work right away. The blend took nearly eight years to develop with the assistance of a veterinary nutritionist.
Petrol Fuel is the only healthy, pleasant water available on the market for dogs. And the delicious taste ensures that they get the required daily water intake of half an ounce to one ounce per pound.
The best part is that it allows you to offer dogs’ delectable treats while also giving them the potential to live longer, healthier, and more active lives.
Who is the man behind Petrol Dog?
Petrol Dog was formed by Julie Yenichek and Ryan Huyghe. They started with water that had been purified by reverse osmosis, a process in which water is forced through a semi-permeable membrane to remove contaminants including nitrates, pesticides, bacteria, medications, arsenic, and so on.
We then added nutrients like citric acid, L-carnitine, vitamin B1 (thiamin), B2 (riboflavin), B3 (niacin), and B6 (pyridoxine) that your dog requires for overall good health, weight regulation, a healthy metabolic and neurological system, and healthy skin and coat to avoid dry flaky skin and itching.
Then they topped it up with all-natural flavorings and, voila, Petrol Fuel for Dogs was born. There are no preservatives, and there is no usage of meat or meat byproducts.
Each 12-ounce can (completely recyclable) has just 8 calories. In comparison, the average calorie count for whiffs, crumbly doggy biscuit is 115.
The two entrepreneurs and dog lovers worked on their recipe for years before funding it with an IndieGoGo campaign that raised $13,795 in the first quarter of 2016. Despite raising less than half of their aim, Petrol entered the market.
It’s essentially intelligent water for dogs. According to the company, dogs prefer it by a ratio of four over regular water.
They start with reverse osmosis water that has been filtered. Then they add all-natural flavorings and six vitamins and minerals that are good for dogs’ overall health.
Dogs, like people, need to stay hydrated; a 35-pound dog need 34 ounces of liquids each day. A typical dog biscuit includes around 120 calories, whereas Petrol has 8 calories per 12 ounce bottle.
It’s a great way to give your dog a treat while also keeping him hydrated. A four-pack will set you back $17. They can only be found on Amazon.
What Happened to Petrol Dog During The Shark Tank Pitch?
In episode 21 of season 9 of Petrol Dog on Shark Tank, Julie and Ryan decided to present their product to Shark Tank investors in order to help them get into national pet stores.
Julie and Ryan entered the Shark Tank in seeking of $150,000 for a 20% ownership in their business, which worth $750,000.
As two canines perform agility exercises for the Sharks, they offer their pitch. Then they squirt Petrol on the dogs, which drink it down. Lori inquires if she can taste it after the dogs have left the Tank.
After tasting it, she thinks it tastes like broth. Julie adds that the firm was founded in 2010, but it was put on hold owing to the recession and the difficulties to secure small business financing at the time. About 18 months ago, the firm was revitalized.
The Sharks are unimpressed by the $16,000 in sales over the previous 16 months. Julie contributed $100,000 of her retirement money to the company’s initial funding. The $10,000 spent on attending and exhibiting at a trade show was offset by the $90,000 spent on product development.
Ryan put out $25,000 to purchase merchandise when Julie resurrected the company.
Rohan says he’s not sure if the product has a market, and he’s the first Shark to exit.
Barbara was leery of businesses that start, stop, and restart; she’s out.
Lori isn’t sure whether this is something people would buy, so she’s out as well.
Robert exits because he feels there are too many externalized problems.
Mark gives Julie a lecture and assures her that a sale will solve everything; he was the very last Shark to exits.
Julie and Ryan ultimately walked away from the pitch without a deal.
What Became of Petrol Dog After Shark Tank?
After exiting the pitch without a deal with the Sharks, the business shuttered its operations in January 2019. Petrol is now in limbo.
It’s accessible on Amazon’s Launchpad platform, which tries to test things out with Amazon. Petrol, on the other hand, is labeled as out of supply, and a visit to their website verifies that they are out of stock.
Ryan is the Executive Vice President of Able Roof and Mr. Roof, and Julie is currently a Community Relations Director at Lowe’s.
Petrol Dog’s Net Worth
During and after the pitch, the firm was valued at $750,000; however, the company closed its doors in January 2019, hence the actual net worth of the company is unknown.
Petrol Dog FAQs
What was Petrol Dog?
Petrol Dog was chocolate flavored water that was available in convenience stores. The product’s purpose was to give dogs the nutrients and hydration they need.
What happened to Petrol Dog after Shark Tank?
The company shut down operations in January 2019 and ceased trading on Amazon Launchpad.
What was Petrol Dog made of?
Petrol Dogs were made of reverse osmosis water, vanilla flavorings, six vitamins and minerals, a monk fruit extract (which is said to have a multitude of health benefits),and two essential oils (spearmint and peppermint). The company claims that the product is healthy for dogs’ skin and coat, which includes their gums.
Who was Petrol Dog’s CEO?
Petrol Dog’s CEO was Julie Yenichek. She is also their Vice President of Marketing.
What was Petrol Dog’s purpose?
The company developed a new product that would provide nutritional needs and hydration to dogs while they were active and playing outside. The product would be sold in convenience stores at a lower price than dog biscuits on the market.
What was Petrol Dogs’ headquarters in?
Petrol Dog’s headquarters were in New York, NY.
What was Petrol Dog’s funding?
The company entered the Shark Tank seeking $150,000 for a 20% ownership in their company, which would give them a $750,000 valuation. However, after several years of struggling to make ends meet, the company shut down operations in January 2019. The actual net worth of the company is unknown.
Was Petrol Dog safe for dogs?
Petrol Dog claimed that the product was safe for dogs. However, the BBC’s Panorama program stated that Petrol Dogs contained a substance called propylene glycol, which could be fatal to dogs if they ingested it.
The program also questioned whether Petrol Dogs contained any real nutritional value and noted that the product had no third-party testing results to back their claims.
Was Petrol Dog shipping their products?
The company was shipping their products long before the Shark Tank pitch.
Was Petrol Dog gluten-free?
Their product was gluten-free.
How much did a pack of Petrol Dogs cost?
A pack (12oz.) cost around $6.
What were the payment methods accepted by Petrol Dog?
Their company accepted PayPal, Amazon Payments, Google Wallet, and check by mail.
How many calories were in a bottle of Petrol Dogs?
A bottle of Petrol Dogs had eight calories.
Where did Petrol Dogs ship to?
Their products were designed for the United States only. Their website stated “They were shipping only to the 48 contiguous United States. If customers were located outside this region.
What was the pet supply chain like?
The pet supply chain was relatively vast. There were several companies that were involved in producing and shipping Petrol Dog’s/Petrod’s products from China to the United States, as well as other countries.
Where Petrol Dogs could be purchased?
Their products were available in many stores including CVS, Dollar General, Family Dollar, Meijer, and Walmart.