It might be inconvenient to change clothing at the beach or swimming pool, especially for parents who are attempting to protect their kids’ privacy. It’s not always possible to find a private place for kids to change in public, and they frequently experience shyness or discomfort.
Shelly Ehler was inspired by this issue and wanted to find a straightforward way to make this routine chore less difficult for parents and children. She designed ‘Show No’, a towel that transforms into a cape so that youngsters may change out of their swimsuits without squeezing beneath ordinary towels or requiring a separate changing area.
Shelly made her invention pitch on Shark Tank, asking for $50,000 for 25% equity. Shelly wanted this investment to expand the market for this useful product. Let’s see if they got the deal or not!
Show No Towels Net Worth
Shelly Ehler asked for a $50,000 investment in exchange for 25% equity in her company. This meant she valued her company at $200,000. She made a deal with Lori Greiner for $75,000 in exchange for 25% of her company. This new deal valued her company at $300,000. After the show aired, Show No experienced initial success due to increased media attention and the potential partnership with Lori Greiner. However, the deal with Lori did not go through, and Shelly faced difficulties in scaling the business. In 2017, Show No closed its operations. As the company is no longer active, the current net worth of Show No is $0.
Show No Towels Shark Tank Update
What Happened To Show No Towels After Shark Tank?
Show No enjoyed some initial success after its Shark Tank appearance, helped by the media attention and the possibility of a collaboration with Lori Greiner. However, the agreement with Lori never went through, and Shelly had trouble growing the business and getting contracts for large production. In a competitive sector, the business found it difficult to sustain pace despite Shelly’s enthusiasm and hard work. In 2017, Shelly made the decision to permanently close the company. As of today, Shelly has pursued a different career path, and Show No is no longer in operation.
Did Show No Changing Towel Get A Deal On Shark Tanks?
Yes, Show No get the deal On Shark Tank. After receiving multiple deals from the sharks, Shelly Ehler finally agreed to take a 25% stake in the company from Lori Greiner in exchange for $75,000. Shelly accepted Lori’s offer since she trusted her to assist with product development and marketing, and she also promised to help with product promotion.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Lori Greiner | 1# $50,000 for 25% equity 2# $75,000 for 25% equity | N/A | Yes |
| Daymond John | 1# $50,000 for 50% equity 2# $50,000 for 20% equity 3# $75,000 for 20% equity | N/A | No |
| Mark Cuban | $75,000 for 25% equity | N/A | No |
| Robert Herjavec | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
Shelly Ehler Backstory
Show No was inspired by a requirement for Shelly Ehler. As a mother, she frequently had to deal with the difficulty of assisting her kids in changing at beaches and public pools without exposing them. She realized there was no simple way for youngsters to change their clothing in private, which gave birth to the idea for Show No.
She made the decision to create a product that would make changing clothes for youngsters simple by combining a towel and a cape. It wasn’t an easy path. Shelly had to come up with inventive ways to have her invention registered because she didn’t have a lot of money, including trading in her customized curtains for the patent service. Her commitment to finding a solution to this typical issue facing parents and kids inspired her to create and promote her original product.
Initial Pitch
With the assistance of her two sons, Shelly Ehler presented the Show No during her Shark Tank pitch. She described the product’s operation and emphasized how useful it was for parents and kids at the beach or pool. With the help of the Show No towel-poncho, kids may change quickly and secretly without requiring a dedicated changing space. Although Shelly’s original offer was $50,000 for 25% equity, the talks with the sharks soon turned heated. Sharks were interested in Shelly’s tale and the useful applications of her idea, so they made multiple offers.
Queries About The Product
Daymond John enquired how much each product costs to create. According to Shelly, the manufacturing cost of each Show No was $6.50.
Mark Cuban inquired about the retail prices. She said she sells for $9 to Water Parks and sells retail for $19.99. She also revealed that she sold 240 towels for $15,000.
Lori Greiner questioned whether she was producing the goods mostly at home to which she responded yes she did manufacturing at home.
Shark’s Responses and Final Deal
The sales numbers did not impress Kevin O’Leary; therefore, he declined to make an offer.
Robert Herjavec also withdrew even though he appreciated Shelly’s enthusiasm. He wasn’t impressed with the product as he didn’t see it selling.
Daymond John saw potential but desired a larger interest because of the risk involved. He offered three deals to Shelly: $50,000 for 50%, $50,000 for 20%, and $75,000 for 20%, but Shelly decided to go with Lori.
Lori Greiner first matched Shelly’s request of $50,000 for 25% equity because she recognized the potential in the product and in Shelly’s excitement. Later, she raised her offer to $75,000 for 25% equity, highlighting the potential partnership’s efficiency in her eyes.
Mark Cuban made an offer of $75,000 for 25% interest. He understood the product’s potential but recognised that the company needed to develop significantly.
Product Availability
As of today, Show No is no longer available. The company closed its operations in 2017. Show No is no longer available for purchase through official channels. There is no active company website or online presence for the product as of today.
Conclusion
The experience of Show No on Shark Tank serves as evidence of how unpredictable business can be. Although Shelly Ehlers’s creative ideas and enthusiasm helped her land a deal with Lori Greiner, a number of challenges stood in the way of the business’s long-term success. The story of Shelly highlights the value of having sound business plans and enough funding to enable expansion in addition to having a great idea. Even when Show No finally closed. The story of Show No serves as a constant reminder of the difficulties and uncertain path involved in introducing a new product to the market.
Hey, I’m Amna Habib an undergraduate student of Bachelors in Business Administration. Shark Tank is one of my favorite TV shows of all time. The show provides a fascinating insight into the world of entrepreneurship by presenting creative solutions to common problems, which strongly connects to my academic interests. I’m interested in learning more about the strategic thinking and creativity that lead these companies as each pitch provides insightful information. I’ve found that watching Shark Tank has inspired my enthusiasm for business and entrepreneurship and has been a very enlightening and motivating experience. Apart from business and writing, I love food, shopping, and hanging out with friends and family. Read more About me.