Featuring a fun offering of Hoppy Paws, parents may create floor imprints with seasonal themes. Trina Barkouras had the idea because she wanted to provide her children with a fantastic experience. She developed a stamping kit with which parents could create footprints of reindeer, elves, Easter bunnies, and other holiday figures.
Trina thought that this would make children’s holidays and special occasions more exciting. Trina presented her invention to the Sharks in Shark Tank Season 6 in the hopes that they would invest in her company. She requested $50,000 in return for a 10% stake in Hoppy Paws. Though they appreciated the product, the Sharks had some reservations. Will the entrepreneur get a deal on Shark Tank? Check out our Hoppy Paws update to find out!
Hoppy Paws Net Worth 2024
Trina Barkouras asked for a $50k investment in exchange for 10% equity in Hoppy Paws. This meant she valued her company at $500,000. She made a deal with Barbara for $100k in exchange for 49% of her company. This new deal valued her company at approximately $204,082. After the show aired, Hoppy Paws saw a big increase in website traffic, sales, and social media exposure. However, despite its initial success, the business struggled with growth and eventually closed down in 2019. The current net worth of Hoppy Paws in 2024 is $0, as the business is no longer operational.
Hoppy Paws Shark Tank Update
In terms of a Hoppy Paws update, Hoppy Paws saw an increase in sales following Trina’s appearance on Shark Tank. Her product received a lot of attention from being on the show. The concept of the holiday prints was so appealing to many parents that they wanted to purchase the stamping kits.
Hoppy Paws even managed to make it onto Target’s Halloween shelves in 2016, which was a significant accomplishment for the business. Nevertheless, Hoppy Paws did not expand as much as Trina had intended in spite of its early popularity.
The business found it difficult to grow and meet demand. At the start of 2019, Trina made the decision to close Hoppy Paws. Trina abandoned the concept after realizing the firm could not survive. Hoppy Paws is no longer in operation as of 2024.
It’s true that Hoppy Paws closed a deal on Shark Tank. Trina requested $50,000 from the Sharks in exchange for a 10% stake in her company. She impressed the Sharks with her product presentation. It was Barbara Corcoran who struck a deal with Trina. Barbara made a $100,000 offer for half the stock. Trina responded with 49% equity because she wanted to maintain more control over her business. Barbara accepted, and they came to an agreement. With $100,000 and a partnership with Barbara Corcoran, Trina left the tank.
| Sharks names | Demand & offer | Accepted? | Accepted ? |
| Barbara Corcoran | $100,000 for 50% equity. | $100,000 for 49% equity. | yes |
| Robert Herjavec | Out | N/A | N/A |
| Lori Greiner | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
Hoppy Paws Shark Tank Pitch
In our Hoppy Paws update research, Hoppy Paws’ inventor, Trina Barkouras, took inspiration for the product from a custom in her own family. She created an Easter Bunny footprint trail for her children more than 20 years ago. Her kids were overjoyed to find their Easter baskets at the end of the route.
When her neighbors saw it and enquired about where they could obtain the supplies to replicate the action for their children, this modest notion grew into something more. Like her, Trina realized that many parents aspired to provide their kids with amazing holiday experiences.
At this point, she made the decision to start Hoppy Paws as a company out of a family tradition. When Trina first started her firm, she encountered numerous difficulties. She needed to come up with a plan for producing the product, packaging it, and selling it to parents.
In order to create the stamping kits and get them into stores, she also required money. Her neighbors thought highly of the idea, but it was difficult to develop it into a legitimate business. Her personal investment of $105,000 was used to launch the business. The product had only been out for ninety days when Trina made her appearance on Shark Tank, but she had already invested a great deal of time and energy into seeing it through to success.
Trina began her Shark Tank presentation by describing the way she came to develop the concept for Hoppy Paws. She gave the Sharks samples of her product while donning antlers to fit the holiday vibe. It was a straightforward product: a stamping set with a footprint stamp, a mixing tray, and an enigmatic powder that produced the footprints.
It was safe to use the powder on any surface because it was biodegradable. Trina clarified that although the kits were advertised for $7.99, they were inexpensive to produce, only costing her $2.00 each. She wanted to get the product sold in Walgreens and other retail establishments. Trina requested $50,000 in exchange for a 10% stake in her company. She had already finished her first manufacturing run and put roughly $105,000 of her own funds into Hoppy Paws.
The Sharks questioned Hoppy Paws on multiple occasions. Although Robert Herjavec found Trina’s narrative interesting, he didn’t believe his own children would find the product appealing. He made the decision not to invest since he didn’t think it would sell well.
Although Lori Greiner believed Trina was an amazing person, she wasn’t sure if the product had enough potential to be successful in the marketplace. She also made the decision not to spend since she was concerned that the product might not stand out in comparison to other festive things. Trina’s drive was praised by Mark Cuban, who referred to her as a “beast” for her determination.
He passed as well, though, because he did not think Hoppy Paws would be a huge hit. In jest, Kevin O’Leary mentioned that he had always desired a woman with antlers for his portfolio. If the other Sharks matched him, he would invest $5,000, but it seemed to be more of a light-hearted remark than an actual offer.
In regard to a Hoppy Paws update, The Shark with the greatest interest in Hoppy Paws was Barbara Corcoran. She thought youngsters would adore the product and loved it herself. Trina’s story of conquering obstacles and starting her own business struck an emotional chord with Barbara as well. She made Trina a $100,000 offer in exchange for 50% of the business.
Trina asked Barbara if she would take 49% rather than 50% since she wanted to continue being the largest shareholder. Barbara accepted the arrangement under the stipulation that she would also receive 50% of any ideas Trina developed in the future. They completed the transaction when Trina accepted the offer. Trina’s business growth was aided by Barbara’s investment, but ultimately, things did not turn out as expected.
What Went Wrong With Hoppy Paws On Shark Tank?
A few of the other Sharks didn’t think Hoppy Paws was real, even if Barbara did. Lori Greiner and Robert Herjavec weren’t sure if the product would be popular for a long time. They believed it might be somewhat of a new item, which meant that while it was entertaining for a while, people might not want to keep buying it.
Mark Cuban and Kevin O’Leary similarly doubted Hoppy Paws’ potential for success. These worries were well-founded because the company later ran into difficulties with distribution in stores and scaling. Even after signing a deal for the show, Hoppy Paws was never able to sustain its original buzz. Despite being innovative, the product did not succeed in capturing a sizable enough market to endure over the long run.
Product Availability
In 2016, the product was sold at Target for Halloween as well as on the Hoppy Paws website and in select retail locations. At $6.99 to $7.99 a kit, it’s an inexpensive way to bring enchantment to the holidays. But by 2019, the business had shut down, and the item was no longer offered for purchase.
Conclusion
Following her debut on Shark Tank, Trina struck a deal with Barbara Corcoran as the product gathered traction. Even with its early success, Hoppy Paws was unable to expand to the point where it could remain in operation. Due to growth and retail distribution issues, the business was shut down in 2019.
Despite the short lifespan of Hoppy Paws, Trina’s story demonstrates her creativity and tenacity. She developed a straightforward concept from her own family into a product that made many other families happy. The memories the company made will last a lifetime, even though it is no longer in operation.
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.
