Parents frequently find it challenging to carry their children while completing errands or traveling. Holding a child for extended periods can be tiring. Nathan Jones and Erick Jansen developed a product known as The Freeloader. It is a lightweight carrier for toddlers and young children. Nathan and Erick showed up on Shark Tank asking for $200,000 in exchange for 15% of their company.
They illustrated how The Freeloader operated. The item is intended to support children weighing up to 80 pounds. It includes a five-point safety harness and a comfortable design. The pair needed the funds to create additional carriers and manage expenses. Will the entrepreneur get a deal on Shark Tank? Check out the Freeloader update!
Freeloader Net Worth Shark Tank Update 2025
Nathan Jones and Martin Dimitrov went on Shark Tank asking for $200,000 for 13% of their company. This meant they thought their business was worth $1,538,462. They made a deal with Kevin O’Leary for $200,000 for 33%, lowering the valuation to $606,061. The episode was aired on September 20, 2013. The child-carrying backpack company remains active and continues to sell online. Using the default 10% yearly growth method, the current net worth of The Freeloader is estimated to be around $2–3 million in 2025.
The Freeloader continues to operate today. It has turned into a favored option for caregivers. As of 2024, the company is valued at approximately $3 million. The products can be found on the company’s website as well as on Amazon.
Parents around the globe utilize the Freeloader. It has garnered favorable feedback for its design and sturdiness. The organization prioritizes safety as well. They verify that all carriers comply with safety regulations. The success of the Freeloader keeps expanding.
Yes The Freeloader got a deal on Shark Tank. Robert Herjavec invested $200,000 for 33% equity in the company. Nathan and Erick initially asked for 15% equity. After some negotiation, they agreed to Robert’s terms. Robert believed in the product’s potential. He saw value in helping parents and supported the idea. The deal helped Nathan and Erick expand their business.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Robert Herjavec | $200,000 for 33% equity | N/A | Yes |
Freeloader Shark Tank pitch
The Freeloader was created by Nathan Jones and Erick Jansen. They are both firefighters from Texas. They designed the product to assist parents in transporting their children effortlessly. Nathan derived the concept from his own experience. He found it difficult to carry his son, River, while on the journey. He understood that other parents encountered the same issue. Erick teamed up with Nathan to create the product.
They desired something that was both light and secure for kids. The initial period was quite challenging. They encountered difficulties in creating the carrier. They desired it to be safe and ergonomic. Testing posed a significant challenge. They needed to adhere to rigorous safety requirements. Production expenses posed another obstacle. Creating top-notch carriers was costly. In spite of these obstacles, they stayed resolute.
They initiated a crowdfunding campaign to gather funds. It was a triumph generating more than $40,000 in 45 days. This provided them with the assurance to persist.
Nathan and Erick’s proposal was straightforward and concise. They launched The Freeloader as a wearable carrier for children. Nathan showcased the product alongside his son, River. The Sharks inquired about the safety and design. Nathan and Erick described the functioning of the carrier. It features a five-point safety harness and can support up to 80 pounds. They stated it is easy to carry and cozy for parents.
The pair requested $200,000 in exchange for 15% equity. They intended to allocate the funds for production and operational expenses. The Sharks evaluated the product on their own. Robert Herjavec gave it a try and mentioned it was cozy.
The Sharks had many questions about The Freeloader. Lori Greiner asked about safety testing. Nathan and Erick assured her that they followed all regulations. Mark Cuban raised concerns about the harness. He said his son could unbuckle it easily. He suggested more safety testing. Barbara Corcoran asked about marketing. She said it would be hard to set The Freeloader apart from other carriers.
She also mentioned the short window for kids who need this product. Kevin O’Leary questioned scalability. He thought the product would be hard to sell in large numbers. Despite these concerns, the Sharks were impressed with the design.
The Sharks expressed varied reactions to The Freeloader. Mark Cuban chose to step outside. He thought the funds ought to be allocated for improved safety testing. Lori Greiner also exited because of safety worries. Barbara Corcoran stated that marketing would pose a challenge and chose to withdraw. Kevin O’Leary believed the product lacked scalability and exited as well.
Robert Herjavec was the sole Shark who showed interest. He proposed $200,000 for a 33% stake. Nathan and Erick agreed to the terms. Robert had faith in the product’s capabilities. He regarded it as a beneficial resource for parents.
What Went Wrong With Freeloader On Shark Tank?
Several Sharks chose not to invest in The Freeloader. Mark Cuban’s primary worry was safety. He believed the harness might pose a danger. Lori Greiner likewise expressed worries about safety. She believed it required additional testing. Barbara Corcoran struggled with marketing. She thought customers would struggle to recognize the value. Kevin O’Leary questioned the product’s ability to scale.
He believed it wouldn’t be sold in high volumes. These factors caused the majority of Sharks to decline in participation. Nonetheless, Robert Herjavec’s confidence in the product sealed the agreement.
Product Availability
The Freeloader is available online. Parents can purchase it on The Freeloader’s website. It is also sold on Amazon. The carrier is designed for toddlers and small children. It can hold up to 80 pounds. It has a five-point safety harness and ergonomic fit.
The product is lightweight and easy to use. It comes in different colors and sizes. Pricing varies but is competitive with other carriers. The company ensures all products meet safety standards. Reviews praise its design and comfort. The Freeloader continues to be a trusted choice for parents.
Conclusion
The Freeloader’s journey on Shark Tank was a success. Nathan and Erick’s product impressed Robert Herjavec. He invested $200,000 for 33% equity. The company has grown since then. It is valued at $3 million today.
The Freeloader is used by parents worldwide. It is available on the company’s website and on Amazon. The product’s design and safety make it popular. Nathan and Erick’s determination paid off. Parents continue to trust it for their kids.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
