Arlene Battishill and Desiree Estrada showcased their business, GoGo Gear, on Season 3 of Shark Tank. They designed stylish protection gear for motorbike enthusiasts. The two women want to provide riders with both style and safety. Arlene and Desiree made the decision to launch this firm after losing their jobs. Their clothing was created to be both fashionable and protective for riders.
Arlene and Desiree requested $300,000 from the sharks in exchange for 15% of their business in the episode. They believed the sharks would assist them in developing their company and breaking into new markets. One shark expressed interest, but the others had numerous questions.
The women eventually came to an agreement with Daymond John. He made them an offer of $300,000 for 65% of their business. Will the entrepreneur get a deal on Shark Tank? Check out our GOGO GEAR update to find out!
GOGO Gear Net Worth 2024
Arlene Battishill and Desiree Estrada asked for a $300,000 investment in exchange for 15% equity in GoGo Gear. This meant they valued their company at $2 million. They made a deal with Daymond for $300,000 in exchange for 65% equity in their company. This new deal valued their company at $461,538. After the show aired, GoGo Gear saw growth in revenue and business operations. With an estimated 10% yearly growth rate (typical business growth), the current net worth of GoGo Gear in 2024 is about $1.19 million.
GOGO Gear Shark Tank Update
Following Shark Tank, GoGo Gear kept expanding. In 2024, the corporation is still operating. Despite numerous obstacles, Arlene and Desiree were able to maintain the operations of their business. Daymond John did not ultimately invest in GoGo Gear, despite having accepted a deal on the show. Rather, Daymond joined the company as an advisor. Arlene and Desiree were able to further enhance their business with his guidance.
Even without Daymond’s money, GoGo Gear was successful. Since the company’s products gained popularity they have generated over $7 million in revenue annually. The equipment is available both in-person and online. GoGo Gear’s emphasis on fashion and safety draws in more and more clients. Arlene and Desiree have been working hard to expand their company, even through terrible economic times like the financial crisis and the COVID-19 pandemic. GoGo Gear has demonstrated its ability to overcome obstacles and achieve success.
In terms of a GOGO GEAR update, It’s true that GoGo Gear did secure a deal on Shark Tank, but it wasn’t what they had hoped for. Initially, Arlene and Desiree wanted $300,000 in exchange for 15% of their business. They changed their bid to $300,000 for 38% equity after speaking with the sharks. None of the sharks, nevertheless, took this offer. Daymond John demanded greater equity and was the only one who was open to a deal.
In the end, Daymond received $300,000 in exchange for Arlene and Desiree giving him 65% of the company. This implied that Daymond would own the majority of the business. But Daymond made the decision not to invest following the show. Rather he provided guidance to Arlene and Desiree as their company expanded. In spite of not receiving Daymond’s money GoGo Gear managed to sustain itself and grow.
| Sharks Names | Demand & Offer | Counter Offer | Accepted? |
| Arlene Battishill & Desirée Estrada | $300,000 for 15% equity | N/A | N/A |
| Daymond John | 300,000 for 65% equity | #1 $300,000 for 25% equity. #2 $300,000 for 38% equity. # 3 $300,000 for 55% equity, # 4 $300,000 for 65% equity | Yes to 4 counter offer |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | $300,000 for 55% equity | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
GOGO Gear Shark Tank Pitch
GoGo Gear was founded by Arlene Battishill and Desiree Estrada with the goal of supporting motorcycle riders in maintaining their safety. They sought to create something that would protect individuals without sacrificing style after noticing that the majority of motorbike gear was not very fashionable. Despite having no prior fashion knowledge, Arlene and Desiree picked it up quickly. They put a lot of effort into creating goods that riders would adore.
Before launching GoGo Gear, Arlene and Desiree both lost their corporate careers. They were going through a difficult period, but they persisted. Rather, they shifted their attention to expanding their company. It’s never easy to launch a new business and they encounter numerous difficulties.
They needed to become knowledgeable about production and fashion, and they needed to figure out how to differentiate their goods from the competition. They were able to build a business that people liked and trusted with patience and hard effort.
In our Gogo Gear update research, Arlene and Desiree were eager to show the sharks their product when they walked into the Shark Tank. They clarified that GoGo Gear was stylish protective apparel designed for motorbike riders. Robert Herjavec even tried one of the gadgets after they displayed it. The sharks were pleased with Arlene and Desiree’s passion as well as the way the gear looked.
The owners demanded $300,000 in return for 15% of their business. They clarified that during their first year of business, they were already making $172,000. They also mentioned that 25 outlets carried their products. The company’s founders had high hopes that the sharks would recognize their potential and lend a hand in expanding their company. However, the sharks had some reservations, and the debate became more difficult.
The sharks had several questions for Arlene and Desiree regarding their product. They were interested in learning more about the company and the motorcycle equipment market. Mark Cuban questioned the founders’ motivation for entering Europe at such a young age. He believed that the company was not prepared for such a significant change and that this was a bad decision.
About the founders’ plan, Robert Herjavec and Barbara Corcoran also raised concerns. They were interested in the company’s high worth. The sharks were interested in finding out if the company could sustain a price that high. The creators made every effort to clarify, but the sharks remained doubtful.
As discussions continued, the sharks began to express their reservations. Kevin O’Leary remarked that Arlene and Desiree made an error with the value they held. In his opinion, the business was not worth the amount they were requesting. For this reason, he pulled out of the agreement. Barbara Corcoran and Robert Herjavec also made the decision not to invest.
Although they were pleased with the product, they were worried about the business model. Mark Cuban was worried about the owner’s plan for expanding the company. He believed that their attempts to enter Europe were being made too quickly. He also made the decision to go out. Daymond John was the only one still in the running. Daymond wanted more stock in the company even though he enjoyed the product.
Ultimately, Daymond received $300,000 in exchange for Arlene and Desiree giving him 65% of the business. Robert Herjavec declined to join the deal when Daymond promised to bring him in because he wanted even more shares. In spite of this, Daymond officially approved the agreement, which the founders accepted.
What Went Wrong With GOGO GEAR On Shark Tank?
During their Shark Tank pitch, GoGo Gear faced several issues. First, the original value was inaccurately set by the owners. They asked for $300,000 in return for 15% of the company, but the sharks decided this was too high. Kevin O’Leary exited the deal early because of a strategic blunder with the valuation.
Secondly, the founders’ plan for growing the company alarmed the sharks. Mark Cuban was not a fan of the idea of entering Europe so quickly. He felt that if the owners split themselves too thin, the company would not survive and that this was too hazardous. Mark also pulled out of the deal as a result of this worry.
In the end, only Daymond John was ready to make an offer, and even he demanded a lot more equity than the owners originally anticipated, indicating that the sharks did not feel confident in the founders’ understanding of their own business.
Product Availability
In regard to a GoGo Gear update, The GoGo Gear website offers the products for online purchase. In addition, the company sells its equipment in shops all around the world. Customers can readily locate GoGo Gear products on the firm website because to its robust online presence. Since the equipment is reasonably priced, many motorcycle fans can afford it. GoGo Gear is still committed to putting style, innovation, and safety first in all of its products.
Conclusion
GoGo Gear’s journey on Shark Tank was full of challenges, but it ultimately led to success. Even though the founders did not get the exact deal they wanted, they managed to secure a partnership with Daymond John. While Daymond did not invest his money, he became an advisor to the company, helping Arlene and Desiree grow their business.
Since appearing on Shark Tank, GoGo Gear has continued to thrive. The company now makes over $7 million each year, and its products are sold online and in stores. GoGo Gear has proven that it can survive tough times, including the recession and the pandemic. The company’s focus on stylish, protective gear for motorcycle riders has made it a favorite among customers.
Stay tuned for future updates on GoGo Gear as the company continues to grow and innovate in the world of motorcycle safety gear.
Hi, I’m Laiba Khurram, a BBA student specializing in Marketing at FAST NUCES ISB. My background includes experience in finance, marketing, and event coordination. My skills include teamwork, time management, and Microsoft tools. Watching Shark Tank has always inspired me, as I admire the innovative pitches and entrepreneurial spirit showcased on the show. This passion drives my approach to finding creative solutions and understanding market dynamics. Read more About me.
