What happened to Pinch Me Therapy Dough after Shark Tank Pitch?
What is Pinch Me Therapy Dough?
Pinch Me Therapy Dough is a squishy dough designed to help individuals relax and calm down. The dough serves two purposes.
To begin, the dough occupies the users’ hands, relieving tension and relaxing the muscles.
Second, Pinch Me Therapy Dough comes in a variety of scents that have been hand-selected to promote relaxation.
Who is Pinch Me Therapy Dough’s Founder?
Nancy Rothner created Pinch Me Therapy Dough. Rothner has a history in clinical hypnosis and formerly owned her own practice, Costal Hypnotherapy, prior to founding Pinch Me Therapy Dough.
Rothner is a board-certified professional hypnotherapist with a focus on stress management.
Her product idea came to her when she realized she needed something for her consumers to bring with them and use in times of stress.
It warms you as you work the so-called “placement putty” through your hands. Nancy also utilizes aromatherapy in conjunction with Pinch Me as a therapeutic stress reliever.
Because pleasant smells stimulate favourable emotions, combining them with the relaxing putty kneading should de-stress everyone, he created Pinch Me Therapy Dough.
The therapeutic dough retails for $14.99 a unit, while the larger version retails for $24.99.
The twelve smells include Spa, Sun, Ocean, Relief, Zen, Surf, Bumbleberry, Refresh, Chill, Citrus, Spice, and Beach. Each perfume has a unique color that is also meant to be soothing.
What Happened to Pinch Me Therapy Dough during its Shark Tank pitch?
Nancy appeared on Shark Tank season 12 episode 16 in search of $300,000 for 7% share in her business. This equates to a valuation of $4.2 million.
She recounts her story, makes her case, and delivers samples to the Sharks.
Sharks take pleasure in the odours. She shocked everyone when she reported sales of more than $5.3 million in less than five years, having grown from $200,000 in the first year to $1.95 million in 2019.
She was on track to earn $2.5 million in sales in 2020 before to the COVID-19 outbreak, but she only earned half of that amount due to the impact on the boutique merchants on whom she relied.
After Rothner’s half was paid, the business purportedly earned $584,000 in 2019, garnering the firm another round of praise from the show’s judges.
While judges Mark Cuban, Lori Greiner, and Daymond John all rejected to invest in Pinch Me, Herjavec and colleague Judge Kevin O’Leary each gave $300,000 in exchange for a 25% stake in the company.
Rothner made every effort to convince the two to accept her initial offer of 7%, even countering with 10%, but there was little excitement.
“I feel that if you had a stronger e-commerce strategy, I would give you a bit more leeway because I believe it would be a lot of effort,” O’Leary remarked, repeating the judges’ repeated theme.
John entered the bidding at 20%, and Herjavec swiftly followed. Despite Rothner’s attempts, the judges declined to cut the vote by “a smidgeon” to 17%. She eventually accepted Herjavec’s offer.
What became to Pinch Me Therapy Dough following its Shark Tank Pitch?
Since the Pinch Me Shark Tank episode aired in March 2021, the spa product brand has garnered 5-star reviews.
There is no evidence that Robert’s transaction was completed. Having said that, the episode’s first rerun happened barely four months after its first broadcast.
Annual revenue will reach $1 million in July 2021, according to Shark Tank Blog.
How much is Pinch Me Therapy Dough worth?
Nancy participated in Shark Tank in search of $300,000 for a 7% share in her business. This equates to a valuation of $4.2 million.
She accepted Robert’s offer of $300,000 for a 20% ownership, valuing the Company at $1.5 million.
The current market value is not provided.
Who are Pinch Me Therapy Dough’s Competitors?
There are currently no known competitors for Pinch Me Therapy Dough
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Pinch Me Therapy Dough FAQS
1. What is Pinch Me Therapy Dough?
Pinch Me Therapy Dough is a squishy dough designed to help individuals relax and calm down. The dough serves two purposes.
First, the dough occupies the users’ hands, relieving tension and relaxing the muscles.
Second, Pinch Me Therapy Dough comes in a variety of scents that have been hand-selected to promote relaxation.
2. Who Is Pinch Me Therapy Dough’s Founder?
Nancy Rothner created Pinch Me Therapy Dough.
3. What Happened to Pinch Me Therapy Dough during its Shark Tank pitch?
Nancy appeared on Shark Tank season 12 episode 16 in search of $300,000 for a 7% share in her business. This equates to a valuation of $4.2 million.
4. Who invested in Pinch Me Therapy Dough?
Robert Herjavec invested in Pinch Me Therapy Dough, he offered $300,000 for a 20% stake in the business.
5. Who are Pinch Me Therapy Dough’s Competitors?
There are currently no known competitors for Pinch Me Therapy Dough.
6. What became Pinch Me Therapy Dough following its Shark Tank Pitch?
Since the Pinch Me Shark Tank episode aired in March 2021, the spa product brand has garnered 5-star reviews.
7. How much is Pinch Me Therapy Dough worth?
Nancy entered Shark Tank in search of $300,000 for a 7% share in her business. This equates to a valuation of $4.2 million.
She accepted Robert’s offer of $300,000 for a 20% ownership, valuing the Company at $1.5 million.
8. How does Pinch Me Therapy Dough cost to buy?
The therapeutic dough retails for $14.99 a unit, while the larger version retails for $24.99.
9. Is Pinch Me Therapy Dough available in stores?
Pinch Me Therapy Dough is available to purchase online at www.pinchmedough.com and on amazon.
10. When will their order ship?
Their purchase will be sent within two days.
11. How much will the shipping cost?
Orders over $50 qualify for free shipping.
12. Can they ship to countries all across the world?
Pinch Me currently only ships to the United States and Canada. They intend to grow in the future.
13. Is Pinch Me Therapy Dough still in business?
Yes, and according to Shark Tank Blog, as of July 2021 annual revenue will reach $1 million.
