What Is Shed Defender?
Shed Defender is a onesie that encases the dog’s hair and allows the dog to shed freely while minimizing shedding. The snug fit of the dog onesies applies modest pressure to the dog, encouraging calm, confidence, and security.
In addition, the Shed Defender has a variety of benefits. Compression is beneficial to some breeds. Canines who are anxious wear one and feel safer.
Furthermore, the garment replaces the dreadful “cone of shame” that certain dogs must wear after surgery. It’s questionable whether a cone of shame or a dog dressed in a leotard is more ludicrous. Instagram users enjoy it as well because it has some hilarious dog pictures.
Airborne allergens and pet dander are minimized when your dog wears one. It’s great for keeping bugs off your dog in the winter or simply keeping her clean for a long time. Additionally, there are pooping and peeing areas.
Who Is Shed Defender’s Founder?
Shed Defender was established by Tyson and Miles Walters. Tyson came up with the idea in 2011 while trying to find a solution to his Saint Bernard’s excessive shedding.
The Shed Defender resembles a doggie leotard in look. Your dog’s hair is kept off of your furniture, carpets, and autos while he wears it. The hair is left in the leotard and may be removed whenever you want.
Tyson spent years perfecting his offering. He tried on several designs and materials until he found the right one. He constructed them for his dog at first, but after receiving numerous queries, he decided to start a business.
Despite the fact that no one has ever asked the dogs how they feel, customers adore them. They come in a range of colors and styles, and a “big” cost between $39.99 and $62.99. The Walters brothers’ product is getting a lot of attention in the pet world. They’ve had a lot of positive feedback thus far.
What Happened to Shed Defender at Shark Tank Pitch?
Myles and Tyson Walters are seeking a perfect fit for Shed Defender, their dog onesies, on Shark Tank episode 1003. They’re looking for a Shark to help them produce and market to the pet sector.
Tyson’s Saint Bernard Harley, who was disguised as a Shed Defender, followed Myles and Tyson into the Shark Tank. They want $250,000 in exchange for a 10% interest in their $2.5 million company.
They tell their story and argue their point. It’s extremely hilarious to the Sharks. As they pass out samples, Robert joins the stage to pet Harley. Mark was interested in the numbers: they had made $1.2 million in 18 months. The prices range from $32.99 for the smallest to $62.99 for the largest.
They are priced between $6.23 to $13.20 and provide over 80% blended earnings. The Sharks are concerned since the company lacks a patent. Mark declares that he is not a member of the pet industry and sets out on his own. Barbara feels that shopping should be postponed. She goes out because she can’t relate to it.
Kevin offers $250,000 in return for a third of the company. Kevin receives the same offer from Robert. Lori enters the battle with a $250,000 offer in return for a 28 percent stake in the company. Lori accepts the brothers’ offer of $250,000 in exchange for 25% stock shares, and the pitch ends with a transaction.
What Happened to Shed Defender After Shark Tank?
Lori’s contract was never completed. Both Amazon and Chewy sell the items. They also added chew toys, collars, and dog shampoos to their product line. Tyson planned to start selling his products in 2020, but because of the Covid-19 epidemic, he had to wait until 2021.
In October 2020, they concluded a private equity funding round with VisioCap. In June 2021, they were sold at Bed Bath & Beyond, Wal Mart, and online. As of February 2022, the firm is still in operation, with annual revenues of $1 million.
Shed Defender’s Net Worth:
During the pitch, the firm was valued at $2.5 million. Since then, the corporation has continued to operate, and its net value may have surpassed that of the pitch.