Cleaning bed linens can be an annoying task. The problem of sheets becoming wadded up or tangled in the washer and dryer is typical that many people deal with. This leaves the sheets only partially dry and clean. Because you have to wash and dry them again, this results in a waste of time, effort, and resources.
Cyndi Bray devised Wad-Free for Bed Sheets as a straightforward but efficient solution to this common issue. By using this gadget, bed linens won’t roll up, twist, or trap other clothing in the dryer or washer.
Cyndi Bray debuted her novel concept in Shark Tank, hoping to solve the problem of tangled linens. She requested a $200,000 investment in return for a 5% stake in her business. Did the entrepreneur get a deal on Shark Tank? Check out our Wad-Free update to find out!
Wad-Free Net Worth 2024
Cyndi Bray asked for a $200k investment in exchange for 5% equity in her company. This meant she valued her company at $4 million. She made a deal with Kevin for $200k in exchange for 5% of her company, plus a $1.50 royalty per unit sold until Kevin gets his investment back. This new deal valued her company at $4 million. After the show aired, Wad-Free saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of Wad-Free in 2024 is about $5.84 million.
Wad-Free Shark Tank Update
As for the Wad-Free update, after appearing on Shark Tank, Wad-Free saw a significant boost in sales, thanks to the exposure from the show. As of today, the company is still thriving, with an estimated net worth of around $5 million.
Cyndi not only maintained her original product but expanded her range with Wad-Free for Blankets & Duvet Covers, catering to even more laundry needs. The company also grew in popularity on social media, with viral TikTok demonstrations helping to boost sales. Overall, Wad-Free remains a successful business in the laundry industry.
Yes, Wad-Free could close a deal on Shark Tank. Kevin O’Leary made Cyndi Bray an offer of $200,000 in exchange for 5% equity, which she accepted. In addition, Kevin would be paid a royalty of $1.50 for each unit sold until he recovered $1 million.
| Shark(s) name | Offer & Demand | Counteroffer | Accepted? |
| Kevin O’Leary | 1# $200,000 in exchange for 10% stock and a royalty of $1.50 per unit until he recovered $1 million 2# $200,000 in exchange for 5% stock and a royalty of $1.50 per unit until he recovered $1 million | N/A | Yes |
| Lori Greiner | 1# $200,000 for 25% equity 2# $200,000 for 20% equity | $200,000 for 10% equity. | No |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Wad-Free Shark Tank Pitch
The creator of Wad-Free, Cyndi Bray, was motivated to create the product by a straightforward yet annoying issue: tangled bed linens. Cyndi has experience in the business world; she has an MBA and ran her own company before having to step back because of her husband’s health problems.
She realized she needed to find a solution when she kept having to deal with balled-up sheets in the dryer. She created Wad-Free, a compact and simple-to-use gadget that clips to the corners of sheets to keep them from tangling during the washing cycle, after months of trial and error.
On Shark Tank, Cyndi Bray made a clear and targeted pitch that addressed a problem that many families had. She requested $200,000 in exchange for a five percent stake in her business. Cyndi showed how Wad-Free connects to the four corners of the sheet to prevent it from twisting and tangling in the washer or dryer, emphasizing its ease of use and efficiency.
Since its 2020 introduction, her product has brought in $513,000 in sales, with 38% of that amount going towards net profit. Her sales numbers and the product’s usefulness both wowed the sharks. Keep reading our Wad-Free update to see what happens next!
Kevin inquired about the damage that the product can cause to sheets. Cyndi replied it would not damage the sheet if it is used properly.
Kevin also questioned when the product was launched. Cyndi replied. She launched in June 2020.
Kevin and Mark inquired about the sales. Cyndi revealed she has made $513 since 2020.
Lori asked where she sold the products and the founder replied she sells the product through the company’s own website. The products are also available on Amazon, Walmart, and The Grommet.
Robert Herjavec asked about the cost and price. Cyndi replied, it costs $3.50 to make the product, and she sells it for $18.99. The net profit is 38%.
Lori further asked about the patent. Cyndi replied. She has the utility patent issued next week. She also has trademarks and copyrights.
Kevin O’Leary was attracted to the product’s simplicity. Kevin paid $200,000 in exchange for 10% stock and a royalty of $1.50 per unit until he recovered $1 million. After some discussion, he lowered his demand for equity to 5% while retaining the royalty, which Cyndi agreed to.
Lori Greiner offered $200,000 for 25% equity because she thought Wad-Free was the ideal fit for her. Cyndi thought Kevin’s offer was better, even though she reduced her demand to 20%.
Daymond John, Robert Herjavec, and Mark Cuban: Daymond and Mark said they had no relationship with the project, thus none of the sharks made an offer.
Product Availability
From our Wad-Free update research, you can get the product right now on the official Wad-Free website Wad-Free, Amazon, Walmart, and The Grommet. To keep bed linens from tangling in the washer or dryer, Wad-Free is a straightforward attachment that fits into the corners of the sheets. With a growing product line that now includes a version for blankets and duvets, Wad-Free continues to be accessible and reasonably priced, appealing to individuals who wish to simplify their washing.
Conclusion
Wad-Free had a prosperous experience with Shark Tank. The sharks were impressed by Cyndi Bray’s straightforward, workable solution to a typical laundry dilemma, which resulted in a contract with Kevin O’Leary. Since then, the business has developed, growing its range of products and boosting sales through exposure to social media that goes viral. Wad-Free, which has an estimated net worth of $5 million, is a prime illustration of how a little invention can have a significant impact. Watch this area for further updates, as Cyndi keeps innovating in the washing industry.
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.
