What Happened to Tail Lightz After Shark Tank?
What is Tail Lightz?
Tail Lightz is a line of magnetic patches with LED lights designed to be worn on the back pockets of jeans and shorts, as well as hats and purses.
Tail Lightz was created by Kyle Rainey of Baton Rouge, Louisiana. Kyle Rainey’s specialty has always been marketing, which is why he has produced a plethora of goods with his skills.
One of his early triumphs was The Recycling Cycle, a movable recycling bin cart that makes transporting garbage to the curb easier.
He entered the retail package and shipping sector after graduating from college, eventually starting his own chain, Postal Express.
Who is the founder of Tail Lightz?
Tail Lightz was founded by Kyle Rainey of Baton Rouge, Louisiana. Kyle Rainey was inspired to create Tail Lightz after his daughter contacted him and asked for sneakers with LED lights.
He thinks they’re amazing and wishes her sneakers to light up as she walks. Instead of buying the LED shoes, Kyle Rainey utilized his own skills to make a product that is also illuminated but is not worn on the feet.
Tail Lightz are luminous stickers that you would place on your jeans’ rear pockets. Rainey is a self-taught inventor with more than 80 patents but no business experience. He’s searching for an investor and a business partner to help him convert his idea into a viable venture.
What Happened to Tail Lightz at Shark Tank pitch?
Kyle Rainey of Baton Rouge, Louisiana, makes an appearance on Shark Tank episode 303 with his daughter and niece, who model his Tail Lightz product. He’s searching for an investor and a business partner to help him convert his idea into a viable venture.
Rainey appeared on Shark Tank in seeking of $50,000 in return for a 50% stake in his firm, which valued at $100,000.
He brings his daughters to show off the Tail Lightz. He claims that there are no comparable alternatives on the market for persons who enjoy “bringing attention to their finest benefits.”
The girls did a little dance routine to show how the Tail Lightz reacts to motion.
“Who’s up for walking into the dark with an experienced inventor to light things up?” Rainey says as he demonstrates prototypes.
Barbara Corcoran responds to the question. “Who was ready? He was well-prepared. to take a risk.” She advises Rainey that his concept would be “inconvenient” to wear, that the devices would not be washable, and that the designs he has exhibited were “outdated.”
Mark Cuban asks one of the models whether she’d wear the Tail Lightz on a date. Cuban takes advantage of the girl’s reluctance. “You have your core audience right here. They think it will take off, but they just don’t see it.”
According to Kevin O’Leary, the notion is “not proprietary.” He went out.
Robert Herjavec agrees with Corcoran, calling the designs “dated” and refused to work with him. Daymond John claims to have seen “ten of these in the previous year.” John also went out.
Mark Cuban was the sole survivor of the Sharks. “It doesn’t matter how many times you fail,” Rainey adds. “It just takes one to become an immediate hit,” he says, but he doesn’t think this is the product for Rainey. He went out.
Finally, Rainey exited the pitch without securing a deal.
What Happened to Tail Lightz After Shark Tank?
Despite his loss on Shark Tank, Rainey was passionate about getting his innovation to market.
In his spare time, he continues to create, trying to come up with a notion that would catapult him to the success he seeks.
He dubbed his Tail Lightz “Blinkers,” a more appropriate name, but has yet to market them.
Persistence, as Cuban stated, may be required for success. Although the Sharks did not see much potential in Tail Lightz, they appeared to agree that Rainey should keep chasing his dreams in the hope of uncovering the one idea that will take off for him.
Despite the fact that the company halted business in 2015, Rainey continues to run RainCo Products as a consultant to entrepreneurs.
Competitors of Tail Lightz
LED Dog Collars, LED Temporary Tattoos, and LED Lighten Shoes Straps are the main competitors of Tail Lightz.
Net Worth of Tail Lightz
During and after the pitch, the firm was valued at $100,000. The company went out of business in 2015, hence the net worth is unavailable.
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Tail Lightz FAQs
What is Tail Lightz?
Tail Lightz is a line of magnetic patches with LED lights designed to be worn on the back pockets of jeans and shorts, as well as hats and purses.
Who is the originator?
Tail Lightz was established by Kyle Rainey of Baton Rouge, Louisiana. Kyle Rainey’s specialty has always been marketing, which is why he has produced a plethora of goods with his skills.
How much did Rainey ask for on Shark Tank?
Rainey was asking for $50,000 for a 50% stake in his company, which was worth $100,000.
Did he have the deal?
No, he did not land the deal during the pitch.
Is Tail Lightz still in operation?
Tail Lightz is no longer in operation.
Where was Tail Lightz located?
Tail Lightz is based in Baton Rouge, Louisiana.
What services did Tail Lightz provide?
They provided a variety of items such as Tail Lightz, Tail Lightz Plus, and Tail Lightz Official Apparel.
Were other colors of Tail Lightz available?
The product was only available in the colors red, blue, green, and white.
Where can I purchase Tail Lightz?
It is not accessible online or in other retail outlets.
Is Tail Lightz suitable for kids?
A number of physicians and hospitals have tested Tail Lightz to determine if it is safe for children to use.
What was Tail Lightz made of?
Tail Lightz was created using a 100% silicone rubber mold, LED lights, a neodymium magnet, and a thin silicone coating.
What was Tail Lightz’s market?
The market consisted of children, teenagers, and adults.
How much did Tail Lightz set you back?
Tail Lightz were $4.99 for a pack of four and $6.99 for a pack of eight, with free shipping on purchases of $13 or more.
How long did Tail Lightz last when it was turned on?
Tail Lightz were intended to be worn on the back pocket of jeans, as well as on hats and purses, for no more than two hours at a time.
Which countries was Tail Lightz available in?
Tail Lightz were only available in the United States, Asia, Europe, and Canada.
Did Tail Lightz actually work?
The manufacturer of Tail Lightz promised that the lights would last up to 50 hours on a single charge, although this has yet to be validated.
Tail Lightz was utilized in what way?
The merchandise was worn on the back pocket of a pair of jeans or shorts. It might also be used on caps, totes, and bracelets.
What was the warranty on Tail Lightz?
The firm provides a 6-month warranty. In order to receive their money back, the consumer must return the merchandise. This might help the firm save money on return shipping.
What payment options did Tail Lightz accept?
Customers were able to pay with any credit card or through PayPal.
How long did Tail Lightz take to ship?
In 2-4 business days, the goods was dispatched and delivered.
Kyle Rainey, where are you now?
Kyle Rainey is working as a consultant right now.
