What Happened to Zorpads After the Shark Tank Pitch?
What is Zorpads?
Zorpads are odour-absorbing shoe inserts that keep their shoes smelling fresh. Zorpads are constructed using “NASA-tested technology.”
The product is non-staining and has a shelf life of up to 60 years.
The pads are the size of business cards, which means they fit easily into any shoe type or size, and they are so thin that you will barely know they are there.
The three layers contribute significantly to the pads’ effectiveness.
The bottom layer is made up of a proprietary adhesive that prevents the pad from slipping or bunching up.
Odours are absorbed by the carbon in the intermediate layer. A moisture-wicking liner is the third component.
It’s hard to imagine, but each little pad has the capacity to absorb odours from an area the size of a tennis court.
Who Founded Zorpads?
Zorpads was established in 2017 by Sierra Smith and Taylor Wiegele.
Both were MBA students at Harvard Business School at the time. Despite their divergent career paths, the two continued to work on Zorpads beyond graduation.
Smith worked in New York as a healthcare consultant, while Wiegele worked in Los Angeles as a product marketer.
With the goal of starting their own firm within the first year, the two devised the Zorpads idea, which was originally called N’Odor.
While a group of Harvard students was debating new projects, one of them removed her shoes and discovered an offensive odour.
The creators discovered that things on the market were ineffective based on their classmates’ opinions. Available products tightened her shoes, did not eliminate the odour, and clumped in her shoes.
At that point, the two understood this was a problem they were tasked with resolving.
Wiegele used his engineering talents and expertise at SpaceX to develop a little sticky square that absorbs more odour than anything else on the market.
They were able to bring the gadget to market with $25,000 in venture money and a pending patent.
They’re priced fairly at $4-$5 each pair. They’re even more affordable when purchased in bulk.
What Happen to Zorpads at the Shark Tank Pitch?
Taylor and Sierra made their Shark Tank season 10 episode 13 debut in quest of $150,000 in exchange for an 8% share in their business. This amounts to a valuation of $1.875 million.
They discuss the products and provide samples to passersby while bragging about their $103,000 in sales since their launch in 2017.
Taylor explains how he became acquainted with the technology while working at SpaceX. Sharks are inquisitive.
While other odor-removing treatments make use of activated charcoal, their method sets them apart.
They say that they are looking to invest in order to establish a brand and conduct marketing.
Mark becomes displeased with their marketing strategy and leaves.
Lori provides the Zorpads the $150,000 they sought in return for 30% stake, roughly quadrupling the entrepreneurs’ original request of 8%, on the condition that guest shark Charles Barkley joins the transaction and assists them in proving their claims.
Mr. Wonderful explores the possibility of selling Benjilock items on QVC and states that he will take just 20% of the $150,000 asking price. Likewise, Robert offers 20% on the same $150,000.
The founders react by requesting a response from Lori and Mr. Barkley, hopefully with a higher offer than the 20% already made.
Charles Barkley asserts that he is well worth the $150,000 they are seeking on his own, and hence the entrepreneurs attempt to single out Lori and reduce her to less than 20%.
O’Leary then intervenes, lowering his offer to $150,000 for a 15% stake in order to persuade the entrepreneurs.
Each Shark presents their case, and Herjavec revises his offer downward to $150,000 for a 12% stake.
Greiner and Barkley then agree to sell a 22.5% stake in the company for $150,000, claiming that Barkley’s backing for the product justifies the price. The sale is now finalized, and the entrepreneurs have accepted Greiner and Barkley’s offer.
What Happened to Zorpads After the Shark Tank Pitch?
It is unknown whether Lori and Charles completed the transaction as of May 2019. The product, on the other hand, is selling well on Amazon and is accessible at Wal Mart.
In March 2020, the company pledged to donate 10% of their revenue to No Kid Hungry in order to ensure that children get food during the Covid-19 pandemic.
Lori appears to have renounced this contract in June 2021, although Charles did not.
They appear to have run into supply chain difficulties in the spring of 2021, since their products are currently backordered.
According to their website, they will begin delivering in June and have an annual income of $4 million.
What is the Net worth of Zorpads?
Taylor and Sierra made their Shark Tank season 10 episode 13 debut in quest of $150,000 in exchange for an 8% share in their business. This amounts to a valuation of $1.875 million.
They accepted a $150,000 offer from Lori and Charles for a 22.5 %, bringing the valuation to $666,666.66.
Who are the Competitors of Zorpads?
Native Deodorant, Nakefit, and Digitsole Smartshoe are all alternatives and competitors to Zorpads.
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Zorpads FAQS
What is the meaning of Zorpads?
Zorpads is a brand of odour-eliminating pads that are intended to help people with smelly feet. Zorpads are constructed using “NASA-tested technology.”
Where can they buy Zorpads?
They are available at Amazon, Walmart, and the official website.
Are Zorpads vegan?
Yes, they are free from any animal ingredients or by-products. They’re also free from parabens, artificial colours and fragrances, soy, phthalates, and propylene glycol.
What is the price of Zorpads?
Each pair costs $4 to $5 on Amazon or the official website. The price decreases when they buy in bulk.
Who founded Zorpads?
Taylor Smith and Sierra Wiegele founded Zorpads in 2017.
How much was Taylor Smith and Sierra Wiegele seeking in Tank?
They were seeking $150,000 for an 8% stake in Zorpads.
How much did they get from the Sharks?
They accepted a $150,000 offer from Lori and Charles for a 22.5 % in Zorpads.
What Happened to Zorpads after the Tank?
It is unknown whether Lori and Charles completed the transaction as of May 2019. The product, on the other hand, is selling well on Amazon and is accessible at Wal Mart.
Lori appears to have walked away from this contract as of June 2021, while Charles did not.
Is Zorpads still in business?
Yes, they appear to have run into supply chain difficulties in the spring of 2021, since their products are currently backordered.
According to their website, they will begin delivering in June and have an annual income of $4 million.
