Are you a fan of Shark Tank? If so, you may remember the company Rareform, which repurposes billboards into trendy, sustainable bags. The brand made a memorable pitch on the show, securing a deal with a Shark and gaining national attention. But what happened to Rareform after Shark Tank?
In this blog post, we will dive into Rareform’s progress since its appearance on the show. We’ll also cover details like Rareform’s net worth in 2023, the identity of the company’s owner, and the fate of another Shark Tank brand, Fidgetland. So, let’s get started!
Rareform Shark Tank Update: What Happened to the Company After the Show
If you’re a die-hard Shark Tank fan like me, you know that not every company that appears on the show becomes a huge success overnight. It’s a rare occasion when a product goes viral right after the episode has aired. Unfortunately, that’s also the case with Rareform, the eco-friendly surf gear maker that landed a deal with Mark Cuban and Kevin O’Leary in season 7. But don’t worry, Rareform’s story is not all doom and gloom. Let’s dive deeper and see what happened to the company after Shark Tank.
Benefit of the Doubt
When the sharks made a deal with Rareform, they were impressed by its unique business model, which involves converting old billboard materials into functional products like surfboard bags, duffels, and wallets. The entrepreneurs behind the brand, Alec Avedissian and Aric Avedissian, asked for $300,000 in exchange for a 15% stake in their company. Mark and Kevin offered them a slightly different deal – $300,000 for 20%. The Avedissian brothers eventually agreed, but what followed was a bit of a letdown. After the episode aired, Rareform’s website and social media pages were inundated with negative comments from viewers criticizing the brand’s products for being too expensive and not functional. Some even questioned the sustainability of the business model.
Weathering the Storm
As with any internet backlash, Rareform’s founders remained optimistic, confident in their product’s value and environmental impact. They understood that being on Shark Tank would likely bring some negative attention, but they didn’t let the comments deter them from their mission. Instead, they used the moment to reflect on ways to improve and connect with their customers better.
The Pivot
One of the things Rareform’s founders did right after Shark Tank was to rebrand. They launched a new website, redesigned the packaging, and switched up their product line. They started to focus more on backpacks and accessories with a sleeker look. They ditched the more niche items that didn’t do so well on the show, namely the surfboard bags. Additionally, Rareform began selling their products on various e-commerce platforms besides their own website, including Amazon and REI.
Rareform Today
Fast forward to today, and Rareform is doing well. They have expanded their product offerings to include more accessories such as hats, face masks, and cell phone cases. They’ve increased their retail footprint by partnering with popular stores like Urban Outfitters and Nordstrom. They even started a DIY surfboard bag-making kit, which includes all the materials you need to create your bag. Though their products are still on the pricier side, they’ve developed a loyal following who appreciate the unique designs and eco-friendly nature of their products.
Rareform may not have become an overnight success story, but that doesn’t mean they haven’t made great strides since they appeared on Shark Tank. The backlash they received following the show could’ve easily derailed their efforts, but they persevered, stuck to their guns, and adapted to better serve their customers’ needs. Even though they pivoted away from their original surf gear line, they’re still an eco-conscious company making high-quality products from upcycled materials. That’s something to be proud of.
Rareform Bags: A Unique Way to Go Green
Are you tired of using the same old boring bags to carry your stuff around? Well then, Rareform Bags might just be for you! These bags are unique, trendy, and most importantly, eco-friendly.
What Are Rareform Bags
Rareform Bags are made from 100% upcycled billboard vinyl. That’s right, the same vinyl billboards that you see on the side of the road are now being repurposed into stylish bags. Each bag is one of a kind, as the color and pattern of the vinyl used is completely random.
Why Are They So Great
Aside from being unique and trendy, Rareform Bags are a great way to help the environment. By using upcycled materials, they are keeping harmful waste out of landfills and reducing the need for virgin materials. Not to mention, they are extremely durable and will last you for years to come.
What Types of Bags Do They Offer
Rareform Bags offer a wide variety of bags to suit all your needs, including backpacks, duffel bags, totes, and even surfboard bags! They come in different colors, sizes, and patterns, so there’s a bag for everyone.
How Have They Been Doing Since Appearing on Shark Tank
Ever since Rareform Bags appeared on Shark Tank, they have been making waves in the fashion world. With the investment from Mark Cuban and the exposure from the show, Rareform Bags has been expanding rapidly. They’ve even started offering custom bags made from specific billboards that customers can choose themselves!
In conclusion, Rareform Bags are a unique and eco-friendly way to carry your stuff around, while also being stylish and trendy. With so many options to choose from, you’re sure to find a bag that fits your personality. So why not go green in style with a Rareform Bag today!
Fidgetland Shark Tank: The Fidget Toy that Stole the Show
If you’re a fan of Shark Tank, you probably remember that time when a company called Fidgetland appeared on the show to pitch their line of fidget toys. The company’s founder, Jillian, brought in a few of their signature toys and demonstrated how they could help people focus and alleviate stress.
As soon as Jillian started explaining her products, the sharks were immediately intrigued. The fidget toys provided a simple yet effective solution to a common problem, and it was clear that the company had a lot of potential.
One of the sharks, Mark Cuban, was so impressed that he immediately offered Jillian $50,000 for a 35% stake in her company. This was a fantastic deal, and Jillian happily accepted.
From that point on, Fidgetland exploded in popularity. The buzz around the show led to an increase in demand, and the company quickly became one of the most successful Shark Tank businesses in history.
The Science Behind Fidget Toys
So what exactly are fidget toys, and how do they work? Essentially, they’re small, handheld devices designed to keep your hands busy. They come in a variety of shapes and forms, from spinners to cubes to keychains.
The theory behind fidget toys is that they can help focus your mind by giving your hands something to do. Studies have shown that people who fidget tend to have better concentration and memory than those who don’t.
Why Fidgetland Stood Out
While there were certainly other fidget toys on the market before Fidgetland came along, Jillian’s company stood out for a few key reasons:
- Quality: Fidgetland’s toys were well-made and durable, which set them apart from many of the cheap knockoffs that flooded the market.
- Design: The toys were also designed to be visually appealing, with a clean, modern aesthetic that made them accessible to people of all ages.
- Accessibility: Fidgetland’s toys were also designed to be discreet and portable, making them perfect for use in classrooms, offices, and other public spaces.
The Future of Fidgetland
So where is Fidgetland now? Well, the company is still going strong, and its toys are more popular than ever. In fact, the success of Fidgetland helped pave the way for other fidget toy companies to enter the market.
If you’re looking for a way to improve your focus and relieve stress, a fidget toy might be just what you need. And if you want to support a company that got its start on Shark Tank, Fidgetland is definitely worth checking out.
Rareform Net Worth 2023
Rareform is a unique brand that has gained a lot of attention since its inception. The company, which recycles billboard vinyl into stylish bags, has been featured on Shark Tank, and their product has captured the hearts of many. With their ever-rising popularity, people are often curious about the company’s net worth. So, what is Rareform’s net worth, and what can we expect in 2023?
Rareform’s Current Net Worth
As of 2021, Rareform’s net worth is estimated to be $5 million. Although this amount is not particularly high, it is still impressive for a company that has only been around for a few years. The company’s unique approach to sustainable production has been a contributing factor to their success. They have also been able to maintain a loyal following due to their stylish and environmentally-friendly products.
Predictions for 2023
With the increasing demand for sustainable products, it is safe to assume that Rareform’s popularity will continue to grow. In fact, it is predicted that their net worth will double by 2023, reaching an estimated $10 million. This estimate is based on the fact that they have already established a name for themselves and are continuing to expand their product line. Additionally, the company has been able to maintain their core values and message, which resonates with their customers.
Rareform’s net worth is a testament to the company’s dedication to sustainability and innovation. Their unique approach to production has made them a household name in the world of eco-friendly fashion. As they continue to expand and grow, it is exciting to see what the future holds for this innovative brand. With their predicted net worth of $10 million in 2023, it’s safe to say that Rareform is a brand to watch out for.
Who is the Owner of Rareform
If you’re a fan of Shark Tank, you may have heard of Rareform – the company that turns old billboards into stylish bags and accessories. But do you know who’s behind this ingenious idea? Let’s take a look at the owner of Rareform and find out!
The Coolest Owner
The owner of Rareform is none other than Alec Avedissian – a modern-day superhero who’s saving the planet one billboard at a time. Alec founded Rareform in 2012 with the idea that every billboard deserves a second chance.
The Brain Behind the Idea
Alec’s inspiration for Rareform came when he was surfing in El Salvador, where he noticed the colorful billboards lining the beach. Finding out that these billboards were non-biodegradable and would end up in landfills, Alec came up with the idea of turning them into bags, which he believed would be both eco-friendly and stylish.
The Evolution of Rareform
Since its inception, Rareform has come a long way. With a focus on sustainability, the company now produces a wide range of bags, from backpacks to tote bags. It uses over 20,000 pounds of billboard vinyl each month, which would otherwise end up in landfills. Rareform has also partnered with a number of big brands, such as Patagonia and Nixon, to produce custom gear made from repurposed billboards.
In conclusion, the owner of Rareform is the cool and creative Alec Avedissian, who came up with the idea of converting billboard vinyl into stylish bags and accessories. Under his leadership, Rareform has grown into a sustainable brand that’s making a positive impact on the environment. It’s no wonder the sharks on Shark Tank were impressed with Rareform’s pitch!
When Rareform Swam into Shark Tank Waters
So, you’re curious about when Rareform had their big moment on Shark Tank? Well, fear not, because we’ve got the lowdown on all things Rareform and Shark Tank-related.
The Initial Air Date
Rareform first appeared on Shark Tank on February 10, 2017, in the show’s eighth season. The episode was titled “Episode 803,” and the Rareform team stepped into the Shark Tank to pitch their unique business concept to the world-renowned panel of investors.
The Pitch
As you may know, Rareform is a company that takes recycled billboard vinyl and repurposes it into stylish and eco-friendly bags and accessories. It’s a pretty cool idea, and the Sharks seemed to think so too.
The Rareform team began their pitch by introducing themselves and their company. They then went on to talk about the environmental impact of traditional billboard vinyl disposal. Mark Cuban, one of the Sharks, even commented that he had never thought about the issue before.
The Deal
After some back and forth negotiation, Rareform ultimately secured a deal with Sharks Mark Cuban and Lori Greiner. This meant that the business had secured two high-profile investors with extensive experience in retail and marketing.
The deal that Rareform struck with the Sharks involved Cuban and Greiner investing $300,000 for a 17.5% equity stake in the company, valuing it at $1.1 million.
The Outcome
Since appearing on Shark Tank, Rareform has experienced significant growth and success. The company has been featured in various media outlets and even participated in the Dallas Market Center, which was a huge success.
So, that’s the story of when Rareform first appeared on Shark Tank. It just goes to show that with the right product and pitch, great things can happen, even on national television. Stay tuned for the next episode of “Entrepreneurs Swimming with Sharks.”
Rareform Shark Tank Update: What Happened to Rareform After Shark Tank
After appearing on Shark Tank, Rareform, the innovative eco-conscious brand, received a lot of attention. So, what happened to the company after the show? Let’s delve into what Rareform has been up to since their Shark Tank appearance.
Expansion and Growth
Rareform hit the ground running after their Shark Tank debut. They started to expand their product line and offered more unique products, as well as licensing deals. They partnered with big retailers, such as REI and Urban Outfitters, and have since opened numerous stores across the country to sell their products offline.
Increased Production Capacity
Since their appearance on Shark Tank, Rareform has expanded their production capacity, allowing the company to meet the demands of a growing customer base. They have since employed more people and increased their manufacturing facilities, meaning they can now produce ten times more products than they did before.
Successful Funding Rounds
The exposure gained from Shark Tank propelled the company to conduct two successful funding rounds of equity crowdfunding post-show. This funding has allowed them to develop their business and push forward with innovative products.
Sustainability Efforts
Rareform has always been focused on sustainability, but their presence on Shark Tank enabled the company to attract more customers who share their passion for eco-friendly products. The company has continued to partner with other environmentally conscious organizations to build awareness for the cause.
Rareform proved that Shark Tank can be a springboard for success. Their innovative approach, coupled with the attention that comes with being on a successful TV show, has given them an opportunity to grow and thrive. We’re excited to see what Rareform has in store for the future and how they will continue to make a difference in the world.
