Hayley Carr and Jennifer McDonald conceived a grand idea. They aimed to simplify the process for children to tidy up their beds. They created a bedding item that can be zipped open and shut. This allows children to easily maintain tidy beds. The item also ensures that children stay snug during the night. The pair appeared on Shark Tank seeking assistance for their venture. They requested $75,000 in return for 20% ownership of their company.
The manufacturing cost of the product ranged from $20 to $24. They sold it for between $60 and $70. They had sold approximately 1000 units through the Internet. They required funds for a television advertisement campaign. The Sharks posed numerous inquiries. Will the entrepreneur get a deal on Shark Tank? Check out the Zipit update to find out!
Zipit Bedding net worth Shark Tank Update 2025
Jennifer MacDonald and Hayley Carr went on Shark Tank asking for $75,000 for 20% of their company. This meant they thought their business was worth $375,000. They made a deal with Lori Greiner for $75,000 for 33%, lowering the valuation to $227,273. The episode was aired on February 28, 2014. The zipper-style bedding product later went out of business. The current net worth of Zipit Bedding is $0 in 2025.
After Shark Tank, Zipit Bedding faced challenges. The product is no longer sold by the company itself. Their website is gone. Their social media pages have no updates after June 2021. The product is still available on Amazon. It is sold by third-party sellers. This means other companies sell it now. The company appears to be no longer active. The product did not become a big success after the show.
No Zipit Bedding did not get a deal on Shark Tank. The founders asked for $75,000 for 20% of the company. None of the Sharks agreed to invest. Kevin O’Leary wanted them to take a licensing deal. The founders said no to licensing. This led to Kevin going out. The other Sharks also went out for similar reasons.
Lori Greiner said the product cost too much to make. Barbara Corcoran and Mark Cuban agreed. All the Sharks were out, and the founders left without a deal.
| Shark(s) Name | Offer & Demand | Counter Offer | Accepted? |
| Lori Greiner | Out | N/A | N/A |
| Barbara Corcoran | Out | N/A | N/A |
| Kevin O’Leary | Out | N/A | N/A |
| Robert Herjavec | Out | N/A | N/A |
| Mark Cuban | Out | N/A | N/A |
Zipit Bedding Shark Tank pitch
Hayley Carr and Jennifer McDonald aimed to address a widespread issue. Children frequently struggle to tidy up their beds. Parents find it challenging to maintain the tidiness of their children’s rooms. The creators aimed to develop an easy solution. They designed a bedding set made in one piece that zips. This turned bed-making into an enjoyable and simple task for children. Their experiences as parents served as their inspiration.
They recognized the significance of teaching children minor responsibilities. The trip was challenging. The founders encountered difficulties related to production expenses. The cost to produce their product ranged from $20 to $24. This was excessive for extensive sales. They faced challenges with marketing as well. They utilized social media but required greater visibility.
They aimed to finance a television advertisement campaign. However, they lacked the funds. A distributor proposed to license their product and promote it. The founders declined the proposal. This decision introduced additional difficulties for their enterprise.
Hayley and Jennifer stepped into the Shark Tank filled with great expectations. They demonstrated to the Sharks how Zipit Bedding operates. They stated that the bedding featured a zipper. This zipper held the blanket and comforter in place. It assisted children in remaining covered throughout the night. The product also simplified bed-making for children. They just had to fasten the bedding again. The creators were confident that their product would be popular among parents.
They disclosed their sales figures. They distributed 1000 units over the internet. The cost to produce the bedding sets ranges from $20 to $24. They were sold for between $60 and $70. Their overall sales amounted to $7500. They incurred a loss due to elevated costs. The creators sought $75,000 in exchange for 20% ownership of the business.
They intended to utilize the funds for a television advertisement campaign. They were convinced this would expand their business. The Sharks faced numerous inquiries and worries.
The Sharks had numerous inquiries regarding Zipit Bedding. They inquired about the costs of production. Lori Greiner stated that the product’s production cost was too high. The creators mentioned they were striving to reduce expenses. Kevin O’Leary inquired about licensing. He proposed that they grant a license for their product to a distributor. The distributor would manage marketing and sales. This would help the founders save money.
The founders revealed that a distributor proposed to license 50,000 units. However, the agreement collapsed. Barbara Corcoran was curious about the reasons behind their rejection of the deal. The founders expressed their desire to manage the company. Mark Cuban inquired about sales. He stated that their figures were insufficient.
He inquired about their strategy for expanding the business. Hayley and Jennifer stated that they required funds for a television advertisement campaign. They thought television advertisements would boost sales.
The Sharks also talked about the intended audience. They mentioned that the item was beneficial for children. However, they inquired whether parents would be willing to spend $60 to $70 on bedding. Lori mentioned that they had to discover methods to reduce the product’s cost. The founders lacked a definite response. This left the Sharks uncertain about the venture.
The Sharks lacked confidence in Zipit Bedding. Kevin O’Leary was the initial one to leave. He suggested that the founders should accept a licensing agreement. When they declined, he became disinterested. Barbara Corcoran and Mark Cuban also left. They mentioned the item was too expensive to produce. They believed the market was excessively limited. Robert Herjavec found the concept appealing but had reservations.
He inquired about their promotional strategy. The founders mentioned they aimed to concentrate on television advertisements. Robert mentioned that this was hazardous. He additionally went outside. Lori Greiner was the final Shark. She mentioned that the product required reduced expenses. She appreciated the concept but believed the business wasn’t prepared.
Lori went out as well. Hayley and Jennifer exited the tank without securing a deal. The Sharks were intrigued by the idea but had numerous uncertainties. The founders lacked a definitive strategy to address their issues.
What Went Wrong With Zipit On Shark Tank?
The Sharks did not invest in Zipit Bedding for many reasons. First, the product costs too much to make. The founders did not have a plan to lower costs. Second, their sales numbers were low. They sold only 1000 units online. Third the founders rejected a licensing deal. Kevin O’Leary said licensing was their best option. The founders wanted full control of the business. This choice hurt their chances.
The Sharks also questioned their marketing strategy. The founders wanted to use TV ads. But the Sharks said this was too expensive. The founders did not have a backup plan. The Sharks also felt the product had a small market. They did not see enough demand for the product. These reasons led all the Sharks to go out.
Product Availability
Zipit Bedding is still available but only through third-party sellers. The official company website no longer exists. The product is sold on Amazon. Buyers can find the product in different sizes and designs. The bedding still has the same zipper feature. This makes it easy for kids to use. The price on Amazon varies. It depends on the seller. Most sets cost between $60 and $70.
This is the same as when the product was first sold. The product is not sold in stores. It is only available online. Buyers cannot order from the founders directly. The lack of a company website shows that the business may no longer be active.
Conclusion
Zipit Bedding had a simple idea. It made bed-making easy for kids. The founders worked hard to bring their product to life. However, the company faced many challenges. High costs and low sales hurt their growth. The Sharks on Shark Tank did not invest. After the show, the business struggled. The product is still sold by others online. But the company itself is not active.
Hey there, I’m Fatima Muhammad, an International Relations student, with a focus on the strategic dynamics of global relations, One of my favorite shows is Shark Tank. I love it because it showcases the creativity, determination, and strategic thinking of entrepreneurs, which I find inspiring. The show also teaches valuable lessons about innovation, business dynamics, and the importance of perseverance in the face of challenges. Read more About me.
