What Happened to Wad-Free After Shark Tank?
What is Wad-Free?
Wad-Free is an innovative gadget that prevents sheets of all sorts from being tangled inside a washing machine and dryer.
Wad-Free is a simple gadget that helps to speed up the washing process by keeping the squares from becoming entangled with other materials in the washer.
Furthermore, recyclable and non-toxic plastic is used in the construction of the items. She also noted that each thing might be used and utilized for years.
Cyndi Bray, the brains of Wad-Free, graduated from Michigan State University with a bachelor’s degree in business administration and a master’s degree in business administration from the University of Illinois at Chicago.
Wad-Free, on the other hand, was created as a result of Cyndi’s frustration when her linens came out in a wad after being washed and dried in her washer/dryer. Whatever she attempted, the sheets were entangled with one another or with other smaller objects, causing erroneous washing or even damage to the device.
Who is the founder of Wad-Free?
Wad-Free was founded by Cyndi Bray. She devised the approach to address a common problem: sheets that become tangled in the dryer, trapping all of the goods within. When she went in quest of a solution and couldn’t find one, she improvised one.
Her story is very extraordinary. She self-taught physics, computer-aided design (CAD), and how to make a prototype. She also registered the product, tested several prototypes, and found a manufacturer. All of this was done in less than 14 months!
The product is a four-inch square of rounded plastic. Each corner has a hole with a snap closure. Simply cut a few inches off each corner of your sheets (this approach works for both regular and fitted sheets), slip them through the hole above the rounded snap tab, and snap them shut.
Then simply wash and dry as usual. The sheets will not wad up in any manner, and drying times will be much reduced. For further information, watch the video below or consult the website’s instructions.
On Amazon, a two-pack costs $18.99. Cyndi launched the company in June 2020, in the midst of the Covid-19 outbreak.
Despite this, she was successful in generating sales through her videos and website. She also did a lot of social media promotion, and after eight months, she was growing “rapidly.”
What Happened to Wad-Free at Shark Tank pitch?
In Shark Tank episode 1306, Cyndi Bray seeks investment from a Shark for Wad-Free, an invention that prevents sheets from “wadding up” in the dryer. She is seeking for a Shark to help her break into retail and expand her business.
Cyndi appeared on Shark Tank in seeking of $200,000 in return for a 5% stake in her company, which worth $4 million.
She begins by demonstrating the many ways that sheets become wadded up in the dryer. She then has some pre-fitted sheets with Wad-Frees already attached and boasts that with the assistance of a Shark, she can change her product into wads of cash, even flinging wads of cash onstage.
Kevin claims to sleep naked on $1000 Egyptian cotton sheets and was interested whether this would harm them; it will not.
Since June 2020, total sales have surpassed $513,000; each item costs $3.50 to create plus $3.50 for shipping, which she absorbs, resulting in a 38 percent profit.
Her items are available at Walmart, The Grommet, her website, and on Amazon. Her utility patent will be awarded a week after the recording.
She then goes into detail about her background. She has an MBA and formerly owned a 20-year-old advertising agency.
She quit her work in 2005 to care for her husband, who was diagnosed with a brain tumor. Shark Tank debuted in 2009, two months after her husband died, and she has been a fan ever since. In a way, the Sharks inspired her to start Wad Free.
Mark was not a laundry guy, and this product did not appeal to him; he exits.
Robert admits that one of the reasons he does Shark Tank was to encourage people like Cyndi, but he also went out.
This was a “classic Mr. Wonderful royalty’s deal,” according to Kevin. He offers $200,000 in return for 10% equity and a $1.50 royalty each unit until he recoups $1 million.
Lori was going to make an offer as well, but Daymond cuts her off and says he’s out.
Lori feels the idea is excellent and that Better Bedder will help her grow sales.
She also intends to create an infomercial and distribute it to “all the merchants.” Lori offers $200,000 in return for 25% ownership of the company.
Cyndi counters Lori with $200,000 in return for 10% equity. Mr. Wonderful and Lori each make compelling arguments for why they would be a better spouse.
Kevin claims that he was capable of doing all of Lori’s duties, but better. Lori eventually agrees on a price of $200,000 for 20% equity shares.
Kevin revises his offer to $200,000 for 5% ownership and a royalty of $1.50 per unit until $1 million is recouped, and Cyndi accepts Kevin’s offer due to the equity and concludes the pitch with a deal.
What Happened to Wad-Free After Shark Tank?
Following the event, sales skyrocketed. The deal with Kevin O’ Leary is now undergoing due diligence.
As of February 2022, the firm is still in operation, although reliable revenue is unavailable.
Competitors of Wad-Free
Wad-main Free’s competitors in the market are Whirlpool’s Dryer Sheets Feature, Dryer Balls, and Dryer Bags.
Net Worth of Wad-Free
The company valuation was $4 million during and after the investment done by Kevin O’ Leary. Since then, the company has continued to operate, and its net worth might have just exceeded that of pitch.
What is Wad-Free?
Wad-Free is a dryer sheet attachment that keeps sheets from becoming tangled in the dryer. It is a novel sheet saver that eliminates the need for elastic bands, clips, or pins to keep bedding level and tidy. It’s a 4″ × 4″ piece of plastic film.
Who Created the Wad-Free?
Cyndi Bray of Clearwater, Florida, is the developer and inventor of Wad-Free.
How much was Cyndi asked on Shark Tank?
Cyndi Bray was asking $200,000 for a 10% stake in the company.
How much money did Cyndi Bray make from Shark Tank?
Cyndi invests $200,000 in exchange for 5% stock and a royalty of $1.50 each unit until Kevin O’Leary recoups $1 million.
Is Wad-Free still in operation?
Yes. The firm is still in operation, and the founder, Cyndi Bray, is still the only proprietor.
Where can I buy Wad-Free?
Customers may buy Wad-Free sheets directly from the company’s website as well as on Amazon.
How much do they set you back?
They cost $18.99 and come in a variety of hues including white, black, pink, navy blue, and purple. They are also available in twin, full, queen, and king bedding sets.
What is the composition of Wad-Free?
It is a 4″ × 4″ polyethylene plastic film product. They also come in twin, full, queen, and king sizes.
How safe is Wad-Free?
Wad-Free sheets are intended to be used over old sheets rather than with fresh ones. To prevent placing new goods in the dryer, the owner should remove all bedding and put on clean, dry sheets purchased particularly for this reason.
Is Wad-Free audible?
No, Wad-Free linens are made to be silent and gentle on your clothes.
How do you make use of Wad-Free?
Wad-Free sheets are simple to use: simply wrap the sheet around itself and place it in the dryer! Because each pad is 27 inches long, it may be used as a sleeve after wrapping it around the complete set.
Is Wad-Free simple to use?
Sheets with no wads are simple to use.
What is the Wad-Free warranty?
For one year after purchase, the complete product is covered against manufacturing faults. There is also no guarantee on failure due to overuse or abuse.
Is Wad-Free okay to use on my bedding and appliances?
Wad-Free sheets are constructed of a strong plastic film that is safe for the dryer and its attachments.
Is Wad-Free a long-term solution?
Yes. The corporation has a recycling scheme in place where discarded pads are turned into a valued product known as a coat hanger. Campers use this product as a temporary handle on door locks, tent poles, and other items.
Is Wad-Free a reusable product?
Yes. In addition, the corporation has a reusability program in which worn pads are turned into a valued product known as a coat hanger.
Where is Wad-Free manufactured?
Wad-Free is designed and manufactured in the United States of America.
Is a money-back guarantee available?
Yes. All items purchased straight from the company’s website come with a 45-day money-back guarantee.