Todd Pliss created Rent-a-Grandma as a unique babysitting service. He believed that grandmothers made the best caregivers. His idea was that grandmas have more life experience and wisdom than teenagers. They also tend to be more loving and trustworthy. He thought that parents would prefer hiring a grandma to watch their kids over hiring a teenager. He pitched his idea on Shark Tank Season 3.
Todd asked for $150000 for 20% equity in his company. Will the entrepreneur get a deal on Shark Tank? Check out Rent-A-Grandma update to find out!
Rent-A-Grandma Net Worth Shark Tank Update 2025
Todd Pliss went on Shark Tank asking for $150,000 for 20% of his company. This meant he thought his business was worth $750,000. He did not make a deal with any Shark. The episode was aired on March 9, 2012. The company continues to operate, matching caregivers and companions for families. Using the default 10% yearly growth method, the current net worth of Rent-a-Grandma is estimated to be around $3 million in 2025.
After Shark Tank Rent-a-Grandma did not get a deal. However, the company is still in business. It has continued to grow and expand its services. It offers much more than just babysitting now. The company now provides senior care, pet care, house cleaning, tutoring and even cooking. Rent-a-Grandma has been featured in several major media outlets.
These include AARP Bulletin ABC News and Los Angeles Times. This shows that the idea still has interest and value. Todd’s business continued to operate successfully without the sharks’ help. It continued to survive and grow after the show.
No. Todd did not get a deal on Shark Tank. He asked for $150000 in exchange for 20% of his business. However, none of the sharks made an offer. Each shark had their own reasons for passing on the deal. Todd did not get the support he was hoping for. Despite this,s the business was able to survive and grow after the show. It continued to operate and even gained more attention.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Barbara Corcoran | out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Daymond John | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Rent-A-Grandma Shark Tank pitch
Todd Pliss came up with the idea for Rent-a-Grandma after realizing the problems with traditional babysitting services. He noticed that teenagers who were hired to babysit were often distracted. They would spend time on their phones and weren’t fully engaged with the kids. Todd thought that grandmothers would be a better fit for babysitting. He believed grandmas had more life experience and wisdom.
They were more focused and able to give children more attention. He wanted to create a service that connected parents with grandmothers who could babysit their children. Todd’s inspiration came from the idea that grandmas are trustworthy and loving. In the early stages of development, Todd faced some challenges. One major challenge was finding enough grandmothers who were willing to work as babysitters.
He also needed to figure out how to set up a system that would allow both grandmas and parents to connect easily. Todd’s business model was built on an upfront fee that parents would pay. This fee would be between 12% and 15% of what the grandmas were paid. Todd had to figure out how to make the service profitable. Despite these challenges, he managed to keep moving forward with his idea.
When Todd entered the Shark Tank he was confident in his idea. He explained why grandmothers would be better babysitters than teenagers. He used a demonstration to show the difference between a distracted teenager and a caring grandma. Todd wanted to show the sharks that grandmas would offer a better experience for both parents and children. He talked about how grandmas are loving and attentive.
He also mentioned that they tend to bake cookies which would make kids feel comfortable and happy. Todd’s business model was simple. He charged an upfront fee from the parents. This fee was between 12% and 15% of what the grandmas would be paid. Todd explained that he had already been in business for a year and had about 50 grandmas working in Los Angeles.
He was receiving a lot of calls from people interested in the service. Todd said that he had made around $25000 in the first year. Despite his enthusiasm, the sharks were not convinced by his pitch.
The sharks had several questions about the business model. Barbara Corcoran was the first to ask about how long Todd had been in business. Todd said that he had been running the business for about a year. He also mentioned that he had 50 grandmas in Los Angeles. Robert Herjavec then asked about sales. Todd explained that he had earned $25000 in the first year. This was not a large amount but it was a start.
Kevin O’Leary asked about the profit margin of the business. Todd explained that he made money by charging an upfront fee from his parents. This fee would be between 12% and 15% of what the grandmas were paid. Kevin thought that the margin was too thin. He was not convinced that the business would be profitable enough to scale. Mark Cuban asked about the minimum commitment required for parents to use the service.
Todd said that the minimum was $1200. This was for a set amount of time and there was also a replacement guarantee. The sharks were not impressed by this either. Daymond John thought the idea was cute but did not think it would work as a business. He decided to go out. Barbara Corcoran also went out. She said that the business was not her type of investment. Kevin O’Leary did not see a way to make the business profitable so he went out.
Mark Cuban liked the idea but thought it would be difficult to scale. He also went out. Robert Herjavec believed that Todd was a long way from franchising and went out too. In the end, all the sharks went out and Todd left without a deal.
The sharks did not make any offers to Todd. They all had different reasons for passing on the deal. Barbara Corcoran said the business was not her type of investment. She was not interested in investing in a business that relied on personal care. Kevin O’Leary thought that the business had thin margins. He did not believe it could make enough money to be successful. Daymond John thought the idea was cute but not something that could grow into a larger business.
Robert Herjavec believed that the business was too far from being ready to franchise. He did not think the company was ready to expand. Mark Cuban liked the idea but thought it would be hard to scale. All the sharks decided to pass on the deal. Todd left the Tank without a deal.
What Went Wrong With Rent-A-Grandma On Shark Tank?
There were several reasons why the sharks didn’t make an offer. One of the main reasons was that the business was difficult to scale. The sharks didn’t think Todd would be able to expand Rent-a-Grandma into a larger business. They were also concerned about the profitability of the business. The margins were thin and the company was not bringing in enough revenue to convince the sharks to invest.
Todd also didn’t have a clear plan for how he would expand the business or make it more profitable. The lack of a clear growth strategy made the sharks hesitant to invest. They also felt that there were other challenges to the business such as finding enough grandmas who were willing to work and getting parents to commit to the service.
Product Availability
Rent-a-Grandma is still in business today. The company offers a variety of services including childcare, senior care tutoring, pet care, and housekeeping. It operates in several cities and continues to grow. The company’s website provides more information on the services they offer. The website also allows parents to book a grandma for various services. Pricing varies depending on the service and location.
Rent-a-Grandma is still a small business but it has been able to survive and grow after appearing on Shark Tank. Despite not getting a deal Todd has managed to build a successful business that provides a unique service.
Conclusion
Rent-a-Grandma had a rough time on Shark Tank but Todd Pliss’s business is still going strong. He did not get a deal but his idea has continued to grow. The company now offers more services than just babysitting. Rent-a-Grandma has expanded into senior care tutoring and pet care. Todd has proven that with hard work and determination, a business can succeed without the help of the sharks.
Rent-a-Grandma is still providing valuable services to families and seniors. The future looks bright for this business and it will be interesting to see how it continues to grow and evolve.
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.
