What Happened to The Freeloader Child Carrier After Shark Tank?
What is The Freeloader Child Carrier?
The Freeloader is a small kid carrier that functions as a baby backpack and hiking equipment. It is appropriate for youngsters from two to eight years old and can support a kid weighing up to 80 pounds.
This excellent child carrier has adjustable straps, stirrups, and seat settings to keep your youngster safe.
Erick Jansen and Nathan Jones, two Texas firefighters, created the Freeloader. Before launching the Freeloader kid carrier, Erick and Nathan had no prior experience with Crowdfunding.
They cooperated on two more consumer goods as professional firefighters: a modified carabineer and culinary utensils. Following the introduction of the Freeloader, they both became successful businesses.
Who is the founder of The Freeloader Child Carrier?
Erick Jansen and Nathan Jones, two Texas firefighters, founded the Freeloader. The Freeloader Child Carrier was created while Erick Jansen, co-founder, was exploring Paris with his then four-year-old daughter Sam.
Sam was mostly capable of hiking across the city every day, but she would ultimately come to a standstill, finishing the adventure.
He wished to build a carrier that would allow the entire family to be together at all times and engage in excursions.
He set out to design a compact, lightweight infant carrier that was shockingly small yet foldable for ease of use.
Something versatile and tiny that allows you to broaden your experience without affecting your comfort, safety, or ease of use. A carrier that will enable the entire family to be a part of the journey at all times.
It’s designed for children aged 2 to 8 and can carry youngsters weighing up to 80 pounds, but Jansen rode on Jones’ back in one of their advertising videos.
The two guys utilized Indiegogo to fund their start-up in July 2012, successfully obtaining $32,000 ($2,000 more than they asked for) to construct the first batch of Freeloaders in July 2013.
What Happened to The Freeloader Child Carrier at Shark Tank pitch?
Erick Jansen and Nathan Jones of Austin, Texas, offer their lightweight child carrier, the Freeloader, to Shark Tank episode 503. They want to use the proceeds from the first run to fund the second, but they need help from a Shark.
Erick Jansen and Nathan Jones appeared on Shark Tank in seeking $200,000 in return for a 15% stake in their company, which was worth $1.3 million.
According to the couple, the concept was motivated by the challenge of traveling with children who are older than toddlers yet have trouble walking long distances. The carrier can carry children weighing up to 80 pounds.
Robert Herjavec puts the harness to the test with Jones’ son, River. He argues that it is handy. The carrier has a five-point safety harness that prevents falls and appropriately distributes weight, making it easier to carry an older child.
Herjavec was certain that “it’s a terrific concept” and was eager to learn more about sales. Through a Crowdfunding campaign, the couple gathered about $40,000 in total.
Lori Greiner was concerned about the weight of the carrier, but Jansen explains that it is really two pounds less than the average weight of carriers on the market today.
Mark Cuban believes that the couple should invest in further testing before sponsoring a second run. He believes that bringing the product to market is premature; thus, he exits.
Barbara Corcoran believes that the carrier would not sell without a demonstration and that the window of opportunity for parents is too small. She went out.
Lori Greiner enjoyed the duo and was keen to support firemen, but she is concerned about duty and safety. She also exits.
Kevin O’Leary feels that the manufacturing and safety difficulties can be resolved. Still, like Mark Cuban, he believes that it is too early to engage in the work necessary to bring it to market. He also went out.
Robert Herjavec was a lover of the product, but he feels it is still “an experience, not a corporation.” He admires both the product and the company but “sees it as a collaborative effort.” He offers them $200,000 in return for 33% ownership. They accepted, and the two walked away from the presentation with a Shark deal.
What Happened to The Freeloader Child Carrier After Shark Tank?
Although Herjavec was enthused about the plan and supplied valuable marketing skills and contacts, Jansen and Jones finally decided that 33% ownership in the business, which was more than double their first offer, was too much stock to give up.
They did not carry out the Shark deal. Instead, they raised funding from other sources and continue to invest in the product’s research and manufacture.
Since their debut on Shark Tank, the entrepreneurs have upgraded the harness system and added stirrups to the Freeloader.
They have continued to grow their company and have received inquiries from families with special-needs children, a sector that was not highlighted on Shark Tank but that the pair feels has huge potential.
The Freeloader developers are carving out their niche and expanding their business, courageously navigating the business seas without the support of a Shark.
As of February 2022, the company is still in operation. During the duration of the company’s existence, sales reach $5 million.
Competitors of The Freeloader Child Carrier
Baby Bjorn, Ergo Baby, Boba Carrier, Lillebaby, and Beco Baby Carrier are the primary competitors of the Freeloader Child Carrier.
Net Worth of The Freeloader Child Carrier
During the pitch, the firm was valued at $1.3 million. Since the company is still in operation, its net worth might have been higher.
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The Freeloader Child Carrier FAQs
What is The Freeloader Child Carrier?
The Freeloader is a baby carrier that may be worn in front (forward or rear) or on the back. It contains a five-point padded safety harness that prevents falls and distributes weight equally, making it easier to carry a bigger child. It is folding, small, and lightweight, making it suitable for use as a toddler carrier.
Who is the inventor?
Erick Jansen and Nathan Jones are the inventors/founders.
How much did they ask for on Shark Tank?
They were asking for $200,000 for a 15% stake in the firm.
Did they have the deal?
Yes, they landed the deal thanks to Robert Herjavec.
How much was the deal?
Robert offered $200,000 in exchange for a 33 percent ownership in the firm.
Is The Freeloader Child Carrier still in operation?
Yes, as of February 20, 2022, the company is still in operation.
Where does the Freeloader Child Carrier get its name?
Austin, Texas, is where the Freeloader is made.
What colors are available for the Freeloader Child Carrier?
The Freeloader is available in three colors: Midnight Black, Coral Reef, and Sunset Yellow.
What is the weight of a Freeloader Child Carrier?
The Freeloader weights 5.8 pounds.
What is The Freeloader Child Carrier’s age range?
The Freeloader is designed for children ages two and a half to twelve. The child should be able to sit or stand independently and without help. The standing height for a youngster should be between 33 and 50 inches. The shoulder straps must be at or below the size of the child’s shoulders while seated in The Freeloader.
Where can I get The Freeloader Child Carrier?
The Freeloader may be ordered through the website.
How long does it take to ship The Freeloader Child Carrier?
Orders are dispatched by FedEx Ground and take three to four business days to arrive. Ground delivery is free inside the continental United States, and orders are shipped from Austin, Texas, with an additional carry-on charge of $10 per case outside of Texas.
What is The Freeloader Child Carrier’s warranty?
The Freeloader has a 30-day no-questions-asked return policy. All returns will be subject to a 15% restocking fee. Furthermore, the Freeloader is covered by a one-year manufacturer’s guarantee from the date of purchase.
The Grand Canyon is not insured against damage caused by an accident, abuse, or being tossed over the edge. Internal frame disassembly and reassembly voids the guarantee as well. The 30-day term begins on the order date of the carrier.
